Accounts - Standard wording, has it changed ?
Posted: December 22nd, 2016, 2:16 pm
Just checking.
I've been using the same standard wording for years on my dormant company accounts - hope it's still valid.
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Audit Exemption Statement
For the year ending 31st March 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors’ responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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.
The financial statements were approved by the director on [date] and were signed by:
[name] - Director
The notes form part of these abbreviated accounts
Page 2
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
.
.
.
I've been using the same standard wording for years on my dormant company accounts - hope it's still valid.
.
.
.
Audit Exemption Statement
For the year ending 31st March 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors’ responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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.
The financial statements were approved by the director on [date] and were signed by:
[name] - Director
The notes form part of these abbreviated accounts
Page 2
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
.
.
.