How many pages to a full set of accounts

[harry munker]

Hi all

Just wondering for a sole trader set of accounts how many pages should you expect to see for each year.The P&L sheet,then the balance sheet,would it be just one more sheet then?....And do you get comments from the accountant with a sole trader or do you only get that with LTD company accounts.

Thank you

 

[Blackberry]

depends on the accountant

some accountants will only give a P & L - no balance sheet

others like us give the full works, P & L, balance sheet and notes where applicable

to an extent it also depends on you as the client, if your records are poor or you have no assets most firms wont bother with a balance sheet

 

[MyAccountantOnline]

Hi all

Just wondering for a sole trader set of accounts how many pages should you expect to see for each year.The P&L sheet,then the balance sheet,would it be just one more sheet then?....And do you get comments from the accountant with a sole trader or do you only get that with LTD company accounts.

Thank you

As above it will vary - generally most accountants will send a set of accounts comprising an accountants report, P&L, balance sheet and one maybe two pages of notes detailing items such as fixed assets etc.

Limited company accounts will typically comprise many more pages especially notes, the accountants report will be longer and a directors report will also be included.

 

[Figurate]

The set of sole-trader accounts I finished today was 6 pages:
title page
name & address page
accountants report
P&L account
balance sheet
fixed asset register

Not part of the accounts, but accompanying them, were the tax calculations, capital allowance comp & a reconciliation of accounting profit to taxable profit.

Although, I have to say, not every sole trader has a balance sheet or fixed asset register.

 

[Truemanbrown]

A lot depends on what your actual trade is!

If you are a subcontractor then normally an Income & Expenditure Account will suffice.

If you are running a shop then a profit & loss account, a balance sheet with some notes like analysis of fixed assets, debtors, creditors and the capital account will suffice.