Small Company Accounts
I prepare my own company accounts & in previous years have included the statement below in my accounts. A friend has told me I need to now refer to the 2006 Companies Act. What should the new equivalent wording be?
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The directors have taken advantage of S249A(1) of the Companies Act 1985 in not having these accounts audited and confirm that no notice has been deposited under S249B(2) of the Act. The directors acknowledge their responsibility of ensuring that the Company keeps accounting records which comply with S221 of the Act. The directors also acknowledge their responsibility for preparing accounts which give a true and fair view of the Company as at 30th June 1998 and of its profit for the year then ended, in accordance with the requirements of this Act relating to accounts, so far as applicable to the Company.
In preparing these accounts advantage has been taken of the exemptions conferred by Section A of part III of Schedule 8 to the Companies Act 1985 on the grounds that in the directors’ opinion the company is entitled to the benefit of those exemptions as a small company under the provisions of sections 246 and 247 of the Act.
In preparing the accounts advantage has been taken of special exemptions applicable to small companies under part I of Schedule 8 to the Companies Act 1985 on the grounds that, in the director’s opinion, the company qualifies as a small company and is entitled to make use of the special exemptions.
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The directors are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The directors have taken advantage of S249A(1) of the Companies Act 1985 in not having these accounts audited and confirm that no notice has been deposited under S249B(2) of the Act. The directors acknowledge their responsibility of ensuring that the Company keeps accounting records which comply with S221 of the Act. The directors also acknowledge their responsibility for preparing accounts which give a true and fair view of the Company as at 30th June 1998 and of its profit for the year then ended, in accordance with the requirements of this Act relating to accounts, so far as applicable to the Company.
In preparing these accounts advantage has been taken of the exemptions conferred by Section A of part III of Schedule 8 to the Companies Act 1985 on the grounds that in the directors’ opinion the company is entitled to the benefit of those exemptions as a small company under the provisions of sections 246 and 247 of the Act.
In preparing the accounts advantage has been taken of special exemptions applicable to small companies under part I of Schedule 8 to the Companies Act 1985 on the grounds that, in the director’s opinion, the company qualifies as a small company and is entitled to make use of the special exemptions.
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The directors are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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- oh well, I had half done them anyway..
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