abbreviated balance sheet and notes

[Toon]

What exactly is included in "abbreviated balance sheet and notes"? I understand a balance sheet basically tells you what you're company is worth.Does this mean all I need is Current Assets, Equity (incoming and outgoing) and then the total? What is included in the "notes" part?

 

[Joyous]

Hi Toon

Have a look here:

http://www.vtsoftware.co.uk/final_accounts/samples.htm

Click the one on the top right hand side for small company abbreviated accounts.

Regards

Joy

 

[Toon]

Champion, just what I needed. Thank you.

 

[Anonymous]

further to the e-mail earlier. For a small company that simply needs to provide abbreviated accounts to Companies House, is there a mandatory requirement for an accountant to help prepare this?

My business is small enough for me to have held all its transactions in a set of spreadsheets and I believe I have the skills to bring together a simple set of my own accounts.

Can I simply do these myself with no input from an accountant?

I was planning on using a format similar to that shown in the link included by Joy above.

thanks

 

[Alpha]

There are no mandatory requirements for an accountant to prepare any accounts for submission.

Simply put a company with a turnover above £5.6M requires an audit of the accounts that are prepared.