Companies House

Companies Act 2006

Accounts changes (Part 15) for companies with accounting periods starting on or after 6th April 2008

Statements to be included on accounts prepared in accordance with the Companies Act 2006 and related regulation.

The special auditor's report should state that in the auditor's opinion the company is entitled to deliver abbreviated accounts in accordance with section 444(1) or (3) of the Companies Act 2006 and that they have been properly prepared in accordance with the regulations made by the Secretary of State; as the case may be.

Audit exempt small companies with accounting periods starting on or after 06/04/2008 must include the following statements on the balance sheet;

For the year ending ………………(dd/mm/yyyy) the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Director's responsibilities;

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Note: Small companies that do not deliver abbreviated accounts may also choose not to include a copy of the Directors report and/or a copy of the profit and loss.  In this case the balance sheet must also contain the following statement:

‘The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.’

Dormant audit exempt companies with accounting periods starting on or after 06/04/2008 must include the following statements on the balance sheet;

For the year ending …………(dd/mm/yyyy) the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. 

Director's responsibilities;

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

A private company that qualifies as small should also include the following statement on the balance sheet:

‘These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.’

Medium-sized companies with accounting periods starting on or after 06/04/2008;

• The balance sheet (and if appropriate, the directors' report) must contain a statement that the accounts are prepared in accordance with the special provisions in section 445(3) of the Companies Act in regards to medium-sized companies.
• The special auditor's report should state that in the auditor's opinion the company is entitled to deliver abbreviated accounts in accordance with section 445(3) of the Companies Act 2006 and that they have been properly prepared in accordance with the regulations made by the Secretary of State; as the case may be.

If a company feels that the auditor or any other person is at risk of serious violence or intimidation as a result of the auditors’ name being stated they may pass a resolution to omit the name.  A copy of this resolution must not be submitted to Companies House but the auditor’s report would need to contain the following statement ‘In accordance with section 506 Companies Act 2006 a resolution has been passed and notified to the Secretary of State.’