Abbreviated Accounts Limits

jewels.pjewels.p Font Of All KnowledgeRegistered Posts: 1,774
Hi,

Can someone please give me up to date figures for filing Abbreviated or Full Accounts? Annual Turnover, Balance Sheet Total and Number of Employees.

Thanks

Comments

  • readerreader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,038
    jewels.p wrote: »
    Hi,

    Can someone please give me up to date figures for filing Abbreviated or Full Accounts? Annual Turnover, Balance Sheet Total and Number of Employees.

    Thanks

    Limited companies have to file abbreviated accounts to Companies House and full accounts to HMRC.

    If the limited company's results exceed the audit threshold the accounts submitted to Companies House need to be audited by an ACA or ACCA (AATs can't do audits).
  • readerreader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,038
    jewels.p wrote: »
    Hi,

    Can someone please give me up to date figures for filing Abbreviated or Full Accounts? Annual Turnover, Balance Sheet Total and Number of Employees.

    Thanks

    "If your company financial year ends on or before 30 September 2012

    Your company may qualify for an audit exemption if your company meets both the following:

    has an annual turnover of no more than £6.5 million
    has assets worth no more than £3.26 million
    If your company financial year ends on or after 1 October 2012

    Your company may qualify for an audit exemption if your company meets 2 of the following:

    has an annual turnover of no more than £6.5 million
    has assets worth no more than £3.26 million
    has 50 or fewer employees on average"

    https://www.gov.uk/audit-exemptions-for-private-limited-companies
  • jewels.pjewels.p Font Of All Knowledge Registered Posts: 1,774
    Thanks very much Reader I couldnt find it on gov.uk......obviously didnt look hard enough!

    Thanks again :001_smile:
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