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COMMUNITY

ACCOUNTANCY

SERVICE LIMITED

IS AN AUDIT REQUIRED?

 
E & OE

Question 3

 

Does the company fail to qualify as a small company for the purposes of section 246 Companies Act 1985 in respect of the year under review?

Note:
A company qualifies as a small company in a financial year if, for that year, two or more of the following conditions are satisfied.

a) Turnover less than or equal to £2.8m
b) Balance Sheet Total less than or equal to £1.4m
c) Average number of employees less than or equal to 50.

 

YES NO
Last Updated: 30 September 2008