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submitting abbreviated accounts

 
 
AD
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      12-16-2006, 05:40 PM
hi,

anyone have any advice on submitting abbreviated accounts? what do I need to
send to Companies House?

I have produced a balance sheet and profit and loss sheet for the year in
question, do I just send that to them?

An accountant wants to charge me over 1000 for submitting the accounts, but
also wants to audit them.
I don't have money for this as the company makes no money and I am a
student.


thanks






 
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eyup
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      12-16-2006, 06:33 PM
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?



 
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Eric Jones
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      12-16-2006, 06:37 PM

"AD" <NOEMAILTHANKS@ADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDD.COM> wrote in
message news:45842faa$(E-Mail Removed)...
> hi,
>
> anyone have any advice on submitting abbreviated accounts? what do I need
> to
> send to Companies House?
>
> I have produced a balance sheet and profit and loss sheet for the year in
> question, do I just send that to them?
>
> An accountant wants to charge me over 1000 for submitting the accounts,
> but
> also wants to audit them.
> I don't have money for this as the company makes no money and I am a
> student.
>
>
> thanks
>
>
>
> I would have thought that any accounts submitted must be audited - you
> could come up with any figures if this was not the case.

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



 
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AD
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      12-16-2006, 06:46 PM

"eyup" <(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
> 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?
>


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,



 
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eyup
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      12-16-2006, 07:02 PM
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.


 
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John Boyle
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      12-16-2006, 07:11 PM
In message <(E-Mail Removed)>, Eric Jones
<(E-Mail Removed)> writes
>> I would have thought that any accounts submitted must be audited - you
>> could come up with any figures if this was not the case.

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


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.
--
John Boyle
 
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John Boyle
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      12-16-2006, 07:13 PM
In message <45842faa$(E-Mail Removed)>, AD
<NOEMAILTHANKS@ADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDD.COM> writes
>I have produced a balance sheet and profit and loss sheet for the year in
>question, do I just send that to them?
>
>An accountant wants to charge me over 1000 for submitting the accounts, but
>also wants to audit them.


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.
--
John Boyle
 
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Peter Saxton
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      12-16-2006, 09:05 PM
On Sat, 16 Dec 2006 19:02:41 -0000, "eyup" <(E-Mail Removed)> wrote:

>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.
>

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.

--
Peter Saxton from London
(E-Mail Removed)
 
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Peter Saxton
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      12-16-2006, 09:07 PM
On Sat, 16 Dec 2006 19:13:24 +0000, John Boyle
<(E-Mail Removed)> wrote:

>In message <45842faa$(E-Mail Removed)>, AD
><NOEMAILTHANKS@ADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDD.COM> writes
>>I have produced a balance sheet and profit and loss sheet for the year in
>>question, do I just send that to them?
>>
>>An accountant wants to charge me over 1000 for submitting the accounts, but
>>also wants to audit them.

>
>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.


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.

--
Peter Saxton from London
(E-Mail Removed)
 
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Jonathan Bryce
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      12-17-2006, 08:17 AM
AD wrote:

> I have produced a balance sheet and profit and loss sheet for the year in
> question, do I just send that to them?


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.
 
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