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grincher
25th August 2010, 16:16
I have a small company, which files abbreviated unaudited accounts.

I am aware that the 2006 Companies Act has affected the wording on the Balance Sheet. My question relates to the Notes to the financial Statements.

I have previously written, "The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective March 2000) and include the results of the company's operations which are described in the Director's Report."

Does anyone know if this needs changing also or can refer me to a helpful source? I am getting a little confused by the Companies House website.

Thanks
KidsBeeHappy
25th August 2010, 16:33
If you use the companies house website, there is an online version of the accounts to file, that include all relevant statements etc.
jim_price
25th August 2010, 16:34
It needed changing, I would have thought, for the 2002, 2005 & 2007 version of the FRSSEs but you may as well go directly to the (effective April 2008) version.
jim_price
25th August 2010, 16:42
One more point, if you're filing abbreviated accounts they won't contain a director's report so there's not a great deal of sense in referring readers to it.
grincher
25th August 2010, 16:52
If you use the companies house website, there is an online version of the accounts to file, that include all relevant statements etc.


thanks. Im still working with paper. I hope to switch over to online filing for my next set
grincher
25th August 2010, 16:56
It needed changing, I would have thought, for the 2002, 2005 & 2007 version of the FRSSEs but you may as well go directly to the (effective April 2008) version.

thanks for the quick reply. Its very helpful.

So could I write:

"The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008) and include the results of the company's operations which are described in the Director's Report."

ps apologies freudian slip with abbreviated. I meant unaudited.