What accounts do companies need to complete?
The threshold for compulsory filing of audited financial statements rose on 6 April 2015 to those businesses with a turnover of £10.2 million or more for periods commencing from 1 January 2016.
This means that most small and medium-sized private limited companies are no longer required to have their accounts audited. There are still exceptions however and the attached article looks at the accounts that companies need to keep.
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