company size Archives - Inform Direct

Micro-entity accounts: your questions answered

Published in Company records on June 6, 2022 by Jayne Challinor

A micro-entity is a very small company or LLP. We will define the criteria for micro-entity status below. Micro-entities may be able to produce a much simpler set of year end accounts for their members and provide less…

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Tags: accounting, annual accounts, Companies House, company size, micro entities, statutory accounts

Is your subsidiary company exempt from audit?

Published in Company records on May 27, 2022 by Eunice Brain

Most small standalone UK companies will qualify for exemption from audit. However, there are additional requirements that you must consider if your company is a member of a group.…

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Tags: company accounts, audit exemption, company size

Do my company accounts need to be audited?

Published in Company records on May 27, 2022 by Jayne Challinor

Most small, standalone (non-group) private companies are not required to complete a statutory audit of their financial statements. Indeed, a research paper published in January 2017 by the Department for Business, Energy and…

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Tags: company accounts, audit exemption, company size

Filing company accounts: your questions answered

Published in Company records on July 29, 2019 by Jayne Challinor

Covering issues such as: the consequences of filing your accounts late; how to extend your filing deadline; when you can change an accounting reference date; whether you need to file accounts if your company is dormant, and…

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Tags: accounting reference date, annual accounts, Companies House, company records, company size, filing deadlines, financial statements, statutory accounts

How to calculate company size for year end accounts preparation

Published in Company records on August 3, 2018 by Jayne Challinor

The Companies Act 2006 may allow you to prepare and file a simpler set of year end accounts, dependent upon your company’s size. But how do you determine what size your company is for the purposes of accounts preparation?…

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Tags: accounting, annual accounts, company size, large companies, medium companies, micro entities, small companies, statutory accounts

Types of limited company accounts and the details they should include

Published in Company records on July 26, 2018 by Jayne Challinor

Every year, companies must prepare statutory accounts for their members and must also file a version of these with Companies House. However, dependent upon the type and size of the company, different limited company accounts…

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Tags: accounting, company size, large companies, medium companies, micro entities, small companies, statutory accounts

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