Annual Accounts "Notes" section

[rangi500]

Hello,

Outside of my main job, I've set up a limited company for doing freelance work during my evenings and weekends.

I'm now submitting my first annual accounts, which is so far quite easy as very little happened during the period the accounts are being made up to (just two payments received, totaling £96, no other transactions)

However, I'm not sure what to put in the Accounting Policies section at the top of the "Notes" page. I need to choose if the accounts are being submitted in accordance with Financial Reporting Standard for Smaller Entities effective June 2002, Financial Reporting Standard for Smaller Entities effective Jan 2005, or neither - can anyone offer me any advise?

Any help much appreciated.

Best regards,
Rangi Robinson

[NickFitz]

HMRC have this to say, which suggests looking at "The Revenue Accountants’ web-site". Sadly, HMRC doesn't yet seem to have learned the correct use of the hyperlink for making cross-referenced information meaningful, but hopefully this might indicate some places to look, or things to search on.

[NotAllThere]

http://www.companieshouse.gov.uk/abo.../ca_gba3.shtml

Read 5.1.1 to decide if you're a small company. ( Yes ).
Read 5.3.2 to decide if you can take advantage of audit exemption ( Yes ).
Read 5.3.5 to see what you have to return if you are a small company with audit exemption.
5.3.5 also contains the text you need to include on the balance sheet - these are the notes.