submitting abbreviated accounts

sounds over the top quote and no reason for audit assuming you meet exemption criteria. Your best of having an accountant for many reasons. I know we bill small companies less than that, especially if reliable records are in place. Suggest another quote! Where you based?

"AD" wrote in message news:45842faa$1 snipped-for-privacy@mk-nntp-2.news.uk.tiscali.com...

I am no expert but would think that this is a condition of any limited company.

brighton and gloucester

turnover less than 50k for first year, i am the only employee, company is now not trading and I will probably wind it up in the new year,

Sounds like on size limits you dont need audit so unless your into financial services I think you'd be safe from an audit. I'm sure if you ring around local firms and explain situation you'll find one that will get accounts sorted and desolve the company for well under 1000. I'm not sure whether you can submit accounts yourself without a qualified accountant but sure someone will be along to let you know that one.

In message , Eric Jones writes

Not any more. The threshold is t/o of about £5m. There are exceptions such as FSA regulated companies but even that is changing form next year.

In message , AD writes

You dont need an audit.

The info needed is quite limited but there are some other thngs like directors details etc., An Acct wold do just that few a few hundred quid.

You don't need a qualified accountant but you should use someone who does it all the time otherwise they would not be able to do it properly.

I would charge around 400 pounds for taking fully reconciled draft accounts and putting them into full and abbreviated statutory accounts and a tax return.

You don't need to submit a profit and loss account, but you do need some notes to the accounts, and a director's report.

I pay £350 for accounts and corporate tax returns - small 1 person company. Accountant is in Farnborough, Hampshire.

Daytona

"AD" wrote in message news:45842faa$1 snipped-for-privacy@mk-nntp-2.news.uk.tiscali.com...

I think you'd be unwise to try this without an accountant, but agree with others that the accountant seems to be quoting way over the odds. That's about what my accountant charges me for submitting my accounts, which includes calculating my corporation tax, and my business has a turnover of about a quarter of a million.

Mind you, I send my accounts to my accountant in a very organised form already. If you are just submitting an unsorted pile of receipts and invoices in a shoe box, then it's going to cost a lot more. Make sure your accounts are as tidy as you can reasonably make them and that the accountant who quotes understands that you've already done a lot of the basic book-keeping work.

Good luck!

Adam

You don't need a director's report.

In message , Peter Saxton writes

Thats sounds fair enough.

(I shant regard you post as an advert! :-) )

In article , AD writes

If you will wind it up in the New Year then you might get away without filing any accounts at Companies House at all. Once you submit the 652a the outstanding accounts just die with the company. You will still need to submit full accounts to HMRC and a CT600.

It wasn't!