Accountant types for Ltd company

"Jon" wrote

Allowed for what?

I mean to do the end of year accounts.

Do you mean audit?

Companies can usually dispense with an audit if their turnover is under 5.6m pounds. It's a little more complicated than that.

Anyone can prepare a set of accounts. Whether they are correct or not is a different matter.

Bent ones are quite popular.

Percy

There you are!

You're hiding again. Did you see my reference that showed you were wrong about having to prepare full accounts before submitting abbreviated accounts?

"Peter Saxton" wrote

How can I be "hiding"?!

"Peter Saxton" wrote

No, I still haven't seen you provide a reference to a statute (Act or Regulation).

Did I miss it?

Did you see my reference to "Preparing Company Accounts 2006/2007" by CCH?

Did you see my reference to s 238 (1), (2) CA 1985 ?

In article , Jon writes

Once upon a time all limited companies required a statutory audit, which could only be done by a Chartered/Certified accountant.

These days if the company has turnover under 5.6M then it can usually take exemption from an audit, in which case there is no requirement to use a qualified accountant at all.

Where you come unstuck is if you want to use the accounts to apply for a mortgage. Most lenders will require a reference from the accountant and some will only accept references from Chartered/Certified accountants.

"Peter Saxton" wrote

That's not a statute, is it?

"Peter Saxton" wrote

What do you think that says?

No, If you think it's wrong then please show your reference.

If you want to know then look it up.