The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 1, 31(4)). by The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 (S.I. 475-481 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. For filing with the FCA, qualifying partnerships that are registered as UCITS or AIFs must comply with FCA guidance. You have rejected additional cookies. A public company must lay their accounts before its members at an annual general meeting. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run. Every company must prepare accounts that report on the performance and activities of the company during the financial year. It means that the parent company guarantees all the subsidiarys outstanding liabilities at the end of the financial year. 1, 4(a), F2S. 2009/2436), The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. In this case they must make the following disclosures in the notes to their accounts: A parent company does not have to prepare group accounts or submit them to Companies House if the group qualifies as small (and is not ineligible). 2 of the amending S.I.) We use some essential cookies to make this website work. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run. Different options to open legislation in order to view more content on screen at once. Failure to deliver accounts on time is a criminal offence. When claiming an audit exemption, the Companies Act 2006 section 475 requires a statement referring to section 477 (small companies audit exemption), section 479A (audit exemption available for subsidiary companies with UK or EEA parent guarantee or, for periods commencing after the end of the transition period (31 December 2020), a UK parent . You must also include the details of the section of the Companies Act 2006 under which the guarantee is being given. 2020/523, regs. 477-479 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. As has already been mentioned, no exemptions are available to large companies. . 1992/807 (N.I. Youll need to send your documents to the Companies House office where the company is registered. Previously a company would prepare full accounts for its members, and would then decide whether or not to abbreviate them for Companies House. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. This replaces the previous thresholds for Northern Ireland charitable companies for financial years beginning on or after 1 January 2016. 200 provisions and might take some time to download. The Schedules you have selected contains over 200 provisions and might take some time to download. Additionally, a micro-entity can benefit from the exemptions available to small companies such as: Micro-entities still need to send accounts to their members and file accounts at Companies House. If your company was incorporated on 6 April 2016 its first accounting reference date would be 30 April 2017 and 30 April for every following year. A dormant company that is also a subsidiary may be able to claim exemption from preparing or filing accounts - if it meets certain conditions. Show Timeline of Changes: The Whole . 2) Regulations (Northern Ireland) 2022 (S.R. by virtue of, Ss. The Whole 29 Lincolns Inn Fields . . . . . Act you have selected contains over . If you do not comply, there could be serious consequences. For more information see the EUR-Lex public statement on re-use. The report must also state whether a companys accounts give a true and fair view of its affairs at the end of the year. Its the directors responsibility to know the companys deadline dates. 2008/393), The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. . . . . 200 provisions and might take some time to download. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. without To take advantage of the audit exemption conferred by section 477 of the Companies Act 2006 a statement must be provided on the company balance sheet by its directors concerning certain matters. About us; Search jobs; Find an accountant; Technical activities; Global Example A private company with an accounting reference date of 4 April has until midnight on 4 January of the following year to deliver its accounts (not 31 January). 2008/1911), reg. You 200 provisions and might take some time to download. 1 para. Those accounts and returns must disclose the financial position and enable the directors to prepare accounts that comply with the requirements of the Companies Act, including where the accounts are prepared using UK-adopted International Accounting Standards. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. . Companies Act 2006, Section 477 is up to date with all changes known to be in force on or before 04 March 2023. 4 substituted by regs. This provision does not apply if the auditors most recent appointment was by the directors or the companys articles require annual appointment. . In either case, if the auditor does not receive notification of an application to the court within 21 days of depositing the statement with the company, the auditor must send a copy of the statement to Companies House for the companys public record within a further 7 days. (This amendment not applied to legislation.gov.uk. . The Whole by virtue of, S. 477(4)(b) and preceding word omitted (1.10.2012 with application in accordance with reg. Companies Act 2006, Section 478 is up to date with all changes known to be in force on or before 03 March 2023. 2 of the amending S.I.) 2020/523, regs. Its the date that you deliver acceptable accounts to Companies House (which meet the relevant legal requirements) that is important - not the date that you sent the accounts. by, S. 477(2)(3) omitted (1.10.2012 with application in accordance with reg. . . However, the company might qualify for exemptions as a small company. 477(2) [Omitted by SI 2012/2301, reg. If the registrar believes that a company is no longer carrying on business or in operation, it could be struck off the register and dissolved. . by S.I. Small companies: conditions for exemption from audit, This section has no associated Explanatory Notes. The Whole . They must also date the signature. . You should read this guidance together with the Companies Act 2006 and the relevant regulations which are available on the UK legislation website. For the year ended 30 September 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. 477(2)(3) omitted (1.10.2012 with application in accordance with reg. . Medium-sized companies preparing Companies Act accounts may choose to file a slightly reduced version of the profit and loss account (see regulation 4 of The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008). To determine whether your company is a micro-entity, small or medium-sized, there are thresholds for: Any companies that do not meet the criteria for micro-entities, small or medium are large companies. consolidated accounts (Section 399) Medium sized groups will need to prepare group consolidated accounts. Companies Act 2006. 2012/2301), The Unregistered Companies Regulations 2009 (S.I. Your company may qualify for an audit exemption if it has at least 2 of the following: Your company may qualify for an audit exemption if it has both: You must include the following statement on the balance sheet of your accounts if youre using an audit exemption. Public companies must keep them for 6 years. 34 (as amended (1.10.2012 with application in accordance with reg. Qualifying dormant companies can deliver even simpler annual accounts to Companies House. Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. 2022/234), regs. 1(2), 30(4)(b), F7Words in s. 478(b)(iii) inserted (N.I.) . L. 109-222, title V, 505(d), May 17, 2006, 120 Stat. Changes that have been made appear in the content and are referenced with annotations. . Schedules you have selected contains over They must also clearly say that the subsidiary is exempt from either: It would help to write the subsidiary companys name and registered number on the front page as a reference. F4Words in s. 478(b)(i) substituted (1.11.2007) by The Markets in Financial Instruments Directive (Consequential Amendments) Regulations 2007 (S.I. . . . For a period which is a company's financial year but not in fact a year the maximum figure for turnover shall be proportionately adjusted. . If that company then reverts back to being a micro-entity (by meeting the conditions in the following year) the exemption will continue uninterrupted. 2 of the amending S.I.) . . Edinburgh . Unaudited dormant accounts are much simpler than accounts for a trading company, but must contain: The right to prepare a dormant balance sheet for filing at Companies House does not affect the companys obligations to prepare full accounts for its members. section 476 (right of members to require audit), section 478 (companies excluded from small companies exemption), and. For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. (2)F2. Print Friendly Version Companies excluded from small companies exemption . . . 11 (with transitional provisions and savings in regs. This means that abbreviated accounts cannot be prepared and filed for accounting periods starting on or after 1 January 2016. . Currently, you can only file these documents on paper. Companies Legislation; Key Company Law and Statutory Instruments (SIs) Companies Act 2006; PART 16 - AUDIT (s. 475) Chapter 1 - Requirement for Audited Accounts (s. 475) EXEMPTION FROM AUDIT: DORMANT COMPANIES (s. 480) 480 Dormant companies: conditions for exemption from audit You The statutory instrument implementing the 2013 EU Accounting Directive effective in the UK from 1 January 2016 has changed the audit thresholds for limited companies. A medium-sized company must deliver all of the component parts of their accounts to Companies House. Schedules you have selected contains over This statement must be in a prominent position above the directors signature and printed name. . 2020/523, regs. . The directors of every company must prepare accounts for each financial year. . Turning this feature on will show extra navigation options to go to these specific points in time. . . Changes. Return to the latest available version by using the controls above in the What Version box. . . . The Schedules you have selected contains over 200 provisions and might take some time to download. 478 Companies excluded from small companies exemption. By. 2012/2301, regs. Charitable companies cannot currently file full audited accounts online. . 475-481 applied (with modifications) (1.10.2009) by, Advanced Search (including Welsh legislation in Welsh language), Original: King's Printer Version Volume 1, Original: King's Printer Version Volume 2, Original: King's Printer Version Volume 3, The Companies Act 2006 (Amendment) (Accounts and Reports) Regulations 2008 (S.I. section 475(2) and (3) (requirements as to statements to be contained in balance sheet). A significant accounting transaction is one which the company should enter in its accounting records. This means you cannot appoint a person as an auditor if they are: Your accountant may act as the companys auditors if they do not fall into one of these categories - and they have a current audit-practising certificate issued by a recognised supervisory body. To help us improve GOV.UK, wed like to know more about your visit today. Act without . 1, 30(4), C3Ss. . It must be made up to the same date as the accounts. 2 of the amending S.I.) The subsidiary company must include statements on the balance sheet of its individual accounts to the effect that: An auditor is a person who makes an independent report to a companys members on whether the company has prepared its financial statements in accordance with Company Law and the applicable financial reporting framework. You have accepted additional cookies. To avoid a penalty, make sure you send acceptable accounts in time to arrive before the deadline. . 1(2), 22, 25(c); 2020 c. 1, Sch. Cardiff . whether a company qualifies as a small company shall be determined in accordance with section 382(1) to (6), Words in s. 477(1) substituted (1.10.2012 with application in accordance with reg. Print Friendly Version Changes we have not yet applied to the text, can be found in the Changes to Legislation area. To help us improve GOV.UK, wed like to know more about your visit today. If you submit your accounts to Companies House on paper, you must check that you have the following statements above the directors signature and printed name: A private company that qualifies as small should also include the following statement on the balance sheet: File your dormant accounts online. Much of the material prepared as part of the accounts and reports of qualifying partnerships in line with the Companies Act 2006 will also be suitable for filing with the FCA to fulfil its filing requirements for UCITS and AIFs. If the partnership agreement does not specify a period, the members, must draw up the accounts for each 12 month period ending on 31 March in each year. Companies House and HMRC have different filing deadlines and penalties for late filing. Main Legislation Companies Act Cap. 200 provisions and might take some time to download. Many companies make the mistake of simply adding 6 months to the end of the period - which can sometimes extend the period beyond 18 months and lead to the application being rejected. Displays relevant parts of the explanatory notes interweaved within the legislation content. . 2008/373 reg. This publication is available at https://www.gov.uk/government/publications/life-of-a-company-annual-requirements/life-of-a-company-part-1-accounts. . 2008/373 reg. 2). Act You can use our online filing service to file: There are also a variety of software providers which offer a range of accounting packages to prepare and file accounts. . The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. . The company must state the name of the senior statutory auditor in copies of the auditors report which it publishes. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts. A micro-entity may claim audit exemption as a small company. For private companies, the directors appoint the first auditor of the company. The Charity Commission has recently published a new template to help charitable companies prepare their accounts. A company that meets the following conditions in respect of a financial year is exempt from the requirements of this Act relating to the audit of accounts for that year. For public companies, the directors appoint the first auditor of the company. Level 1 Act The companys board of directors must approve the accounts before they send them to the companys members: Companies House cannot give technical advice on your accounts. (1.10.2018) by virtue of, S. 478(b)(iii) inserted (E.W.S.) . Act you have selected contains over . (2)F9. . Example 3-5, Sch. . Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. 5 para. . 9. . . Private companies must keep accounting records for 3 years from the date they were made. The package consists of 3 documents: You must deliver all 3 documents to Companies House before the subsidiarys accounts due date. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Article 257B(2). . Under regulation 7 of The Partnerships (Accounts) Regulations 2008, members of a qualifying partnership do not have to publish partnership accounts if the partnership is dealt with on a consolidated basis in group accounts prepared by either: In these cases, they must prepare and audit group accounts under UK law, and for companies in accordance with the Companies Act 2006 or UK-adopted International Accounting Standards. . (6.4.2022) by S.R. Entity has claimed exemption from reporting disclosure of related party transactions for wholly-owned entities [true/false] true : Entity trading status . Previous: Chapter; Next: Chapter; Chapter 1 U.K. Requirement for audited accounts. . long time to run. This section shall not apply to the surcharge described in 2902(c)(4) of this title. 2013/2224, reg. For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the . The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 introduced abridged accounts - and ended abbreviated accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. . Companies Act 2006, Section 477 is up to date with all changes known to be in force on or before 22 February 2023. 2018/1030, regs. . . If your company is dormant and has not traded since incorporation, you can also file a paper form AA02 - but it takes much longer to process paper documents sent to us by post. The first date in the timeline will usually be the earliest date when the provision came into force. whether a group qualifies as small shall be determined in accordance with section 383 (companies qualifying as small: parent companies); The provisions mentioned in subsection (5) apply for the purposes of this section as if all the bodies corporate in the group were companies. 1(2), 14(f)), Small companies: conditions for exemption from audit, This section has no associated Explanatory Notes, qualifies as a small company in relation to. There are 3 classifications of company size to consider when preparing your accounts - small, medium or large. F1Words in s. 477(1) substituted (1.10.2012 with application in accordance with reg. . 477-479 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. If they do not do so for a particular year, the . The Whole section 479 (availability of small companies exemption in case of group company). 200 provisions and might take some time to download. In this case the period allowed for filing accounts would end with the last day of the appropriate month. The filing obligations of small companies are contained in s444 of the Companies Act 2006. (3)A company is not excluded by subsection (1) if, throughout the whole of the period or periods during the financial year when it was a group company, it was both a subsidiary undertaking and dormant. If an auditor ceases to hold office for any reason, they must deliver a statement at the companys registered office. The paper AA02 form is not suitable for every dormant company. Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. No versions before this date are available. . The auditors report must be either unqualified or qualified and include a reference to any matters to which the auditors wish to draw attention by way of emphasis without qualifying the report. . . . The Whole . To view the other provisions relating to this primary source, see: Companies Act 2006 Content referring to this primary source We are experiencing technical difficulties. Average number of employees in the period: 50 or fewer. Chartered accountants report to the director on the preparation of the unaudited statutory abridged financial statements 4 substituted by regs. . 1, 4(c), C1Ss. How to file your dormant accounts online. . 3-5, Sch. para. See dormant accounts. long time to run. . . A medium-sized parent company must prepare group accounts and submit them to Companies House. If a small company qualifies for audit exemption, it can submit unaudited accounts to Companies House. The group headed by Company A in the year to 31 December 20X1 breaches the thresholds(2) however, since this is not Company A's first financial year, it has historically been a small company (CA06 S383(2) (1), and this is the first year the thresholds are breached (Companies Act 2006 (CA) s383(3) (1)), the group is small for the year to 31 . If a filing deadline falls on a Sunday or Bank Holiday, the law still requires you to file the accounts by that date. Dependent on the legislation item being viewed this may include: Click 'View More' or select 'More Resources' tab for additional information including: All content is available under the Open Government Licence v3.0 except where otherwise stated. There are 4 recognised supervisory bodies: The Institute of Chartered Accountants of Scotland, The Institute of Chartered Accountants of Scotland . There are built-in checks which include all the required statements and prevent common errors. 3-5, Sch. (not altering text) C1 Pt. Part 3 of the Partnerships (Accounts) Regulations 2008 contain requirements relating to the appointment and dismissal of auditors, signature of auditors reports and disclosure of auditors remuneration equivalent to the requirements on companies. To view the latest version of this document and thousands of others like it, sign-in to LexisNexis or register for a free trial. 1, 5(b), F10S. Some companies must have an audit and cannot take advantage of audit exemption. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. 11 (with transitional provisions and savings in regs. All information contained in the accounts will appear on the public record. Under section 477 of the Companies Act 2006, most micro-entities and small companies will also be able to claim exemption from audit and will not therefore be required to submit an auditor's report. The joint filing option will allow you to submit audit exempt accounts of the following types to both organisations: Small companies can also choose to remove certain parts of their accounts (such as the profit and loss account and the directors report) which they do not need to file with Companies House. -. 1(1)); (N.I.) You can also include the name and number on any cover sheet delivered with the accounts. 11 (with transitional provisions and savings in regs. The Company Secretarial experts at Company Bureau assist many of our clients to meet the requirements and maintain Irish company audit exemption. . In this case, you will need to prepare dormant accounts. 1, 4(c), C1Ss. This type of corporation is not subject to income tax, regardless of where the business is located. A micro-entity must meet at least 2 of the following conditions: You cannot prepare and submit micro-entity accounts if your company is (or was at any time during the financial year): Generally, a company qualifies as a micro-entity in its first financial year if it meets the conditions in that year. Penal Consequences: "When it is proved that the deposits had been accepted with intent to defraud the depositors or for any fraudulent purpose, every officer of the company who was responsible for the acceptance of such deposit shall, without prejudice to the provisions contained in sub-section (3) of that section and liability under section 447, You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run. Example A private company with an accounting reference date of 30 April has until midnight on 31 January of the following year to deliver its accounts (not 30 January). . . . 2019/1392, regs. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts. 2 of the amending S.I.) . The request must arrive at least one month before the end of the financial year that the audit is being asked for. by S.I. Geographical Extent: . . (a)whether a company qualifies as a small company shall be determined in accordance with section 382(1) to (6), and. In either case, the balance sheet must contain wording to the effect of the following statements above the directors printed name and signature: Previously, there were different thresholds for audit exemption for Northern Ireland charitable companies. . Access essential accompanying documents and information for this legislation item from this tab. 477-479 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. . The global body for professional accountants. . Schedules you have selected contains over In simple words the following companies . . . . 11(1) by, Act amendment to earlier affecting provision S.I. . . . Small companies do not have to deliver a copy of the directors report or the profit and loss account to Companies House. by virtue of The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 (S.I. The records must be open to inspection by the companys officers at all times. Section 475 of the Companies Act 2006 requires Companies (such companies which qualify the definition of Companies under UK's Companies Act 2006 only) are required to have their annual accounts audited unless it is exempted in accordance with the provisions of Companies Act 2006. The Whole . CF14 3WE. 2008/1911), The Unregistered Companies Regulations 2009 (S.I. . These are called individual accounts. section 479 (availability of small companies exemption in case of group company). . Advanced Search (including Welsh legislation in Welsh language), Original: King's Printer Version Volume 1, Original: King's Printer Version Volume 2, Original: King's Printer Version Volume 3, the original print PDF of the as enacted version that was used for the print copy, lists of changes made by and/or affecting this legislation item, confers power and blanket amendment details, links to related legislation and further information resources. 46 Section 721 of the Defense Production Act of 1950, as amended by the Omnibus Trade and Competitiveness Act of 1988 and the National Defense Authorization Act for Fiscal Year 1993 codified at 50 U.S.C. For accounting periods beginning on or after 1 January 2016, to qualify for audit exemption a company must qualify as small during that financial year. Large companies must prepare and submit full accounts. . 2018/1030), regs. In addition, the law imposes a civil penalty for late filing of accounts on the company. Certain companies do not need to have an audit - but only if theyre eligible and want to take advantage of this exemption. (b)balance sheet total has the same meaning as in that section. Companies House will reject your accounts if you do not meet these requirements. The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. 200 provisions and might take some time to download. For further information see Frequently Asked Questions. If you are filing your companys first accounts and those accounts cover a period of more than 12 months, you must deliver them to Companies House: The deadline for delivery to Companies House is calculated to the exact day. This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search. This should list the goods, the buyers and sellers, a profit and loss account (or income and expenditure account if the company is not trading for profit), a balance sheet signed by a director on behalf of the board and the printed name of that director, a directors report signed by a secretary or director and their printed name, including a business review (or strategic report) if the company does not qualify as small, an auditors report (unless the company is exempt from audit) - this must state the name of the auditor, and be signed and dated by them, every person who is entitled to receive notice of general meetings, a director must sign the balance sheet on behalf of the board and print their name - any exemption statements must appear above the directors signature, a director or the company secretary must sign the directors report on behalf of the board and print their name - any statement about being prepared under the small companies regime must appear above the signature, if the company has to attach an auditors report to the accounts, the report must include the auditors signature and their name must be printed, where the auditor is a firm, the auditors report must state the name of the auditor and the name of the person who signed it as senior statutory auditor on behalf of the firm, a subsidiary undertaking or a parent of a limited undertaking, a banking or insurance company (or the parent company of a banking or insurance company), another unlimited company each of whose members was a limited company, a Scottish partnership each of whose members was a limited company, 9 months from the accounting reference date, for a private company, 6 months from the accounting reference date, for a public company, within 21 months of the date of incorporation for private companies, or 3 months from the accounting reference date (whichever is longer), within 18 months of the date of incorporation for public companies, or 3 months from the accounting reference date (whichever is longer), 9 months for a private company (or 6 months for a public company) from the new accounting reference date, 3 months from the date of receipt of the notice (change of accounting reference date -, dormant company accounts for companies that have never traded, small audit exempt abbreviated accounts (only for accounting periods beginning before 1 January 2016), Government Gateway credentials (which you can request from the HMRC website), the copy of the balance sheet must be signed by a director, the copy of the balance sheet must show the printed name of the director who signed it on behalf of the board, the copy of the directors report must include the printed name of the director or company secretary who signed the report, if the company has to attach an auditors report to the accounts, the copy of the auditors report must state the auditors name, the name of the senior statutory auditor who signed it on behalf of the firm, balance sheet total (meaning the total of the fixed and current assets), the requirement to file a directors report or profit and loss account at Companies House, the balance sheet total must be not more than 316,000, the average number of employees must be not more than 10, a qualifying partnership (as defined under the Partnership (Accounts) Regulations 2008), a company authorised to register under section 1040 of the Companies Act 2006, a company excluded under section 384 or 384B of the Companies Act 2006, a balance sheet that complies with one of the specified formats given in the relevant regulations, along with any footnotes, a profit and loss account that complies with the specified format given in the relevant regulations, an auditors report (unless the company is claiming, annual turnover must be not more than 10.2 million, the balance sheet total must be not more than 5.1 million, the average number of employees must be not more than 50, annual turnover must be not more than 6.5 million, the balance sheet total must be not more than 3.26 million, an authorised insurance company, a banking company, an e-money issuer, a MiFID (Markets in Financial Instruments Directive) investment firm or a UCITS (Undertakings for Collective Investment in Transferable Securities) management company or carried on insurance market activity, a company whose transferable securities are admitted to trading on a UK regulated market, a body corporate (other than a company) whose shares are admitted to trading on a UK regulated market, a person (other than a small company) who has permission under Part 4a of the Financial Services and Markets Act 2000 to carry on a regulated activity, a small company that is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, a person who carries on insurance market activity, the aggregate turnover must be not more than 10.2 million, the aggregate balance sheet total must be not more than 5.1 million, the aggregate average number of employees must be not more than 50, the aggregate turnover must be not more than 6.5 million, the aggregate balance sheet total must be not more than 3.26 million, a balance sheet, signed by a director on behalf of the board and the printed name of that director, group accounts (if a small parent company chooses to prepare them), a directors report that shows the signature of a secretary or director and their printed name, an auditors report that includes the printed name of the registered auditor (unless the company qualifies for, the auditors name (if the auditor was a firm, the name of the senior statutory auditor), whether the auditors report was qualified or unqualified, if the report was qualified, what the qualification was, a member or members holding at least 10% of the nominal value of issued share capital, a member holding 10% of any class of shares, 10% of its members in number - for companies limited by guarantee, For the year ending (dd/mm/yyyy) the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies, The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts, These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime, gross income must not be more than 90,000, its balance sheet total for that year must not be more than 2.8 million, gross income must be more than 90,000 and not more than 250,000, its balance sheet total for that year must not be more than 1.4 million.

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