Which of the following is a director's responsibility regarding annual financial statements?

• A. Ensuring annual financial statements are filed with Companies House after they are approved by shareholders
• B. Drafting annual marketing plan
• C. Raising capital from banks
• D. Setting product prices

Answer: (A)

Directors must ensure the annual financial statements are prepared, approved by shareholders, and filed with Companies House within the required deadlines. This filing is a legal obligation that ensures transparent, comparable financial information is available to regulators, investors, and the public, reflecting the company’s true financial position after accounts have been prepared and agreed.

Other activities listed don’t relate to the annual financial statements filing: drafting a marketing plan is about marketing and strategy, raising capital from banks concerns financing activities, and setting product prices relates to pricing strategy and commercial decisions.