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Welcome to Bird Luckin

Leading independent chartered accountants and tax specialists in the City of Chelmsford, Essex only 30 minutes from London with convenient road and rail links to all London airports, particularly Stansted and Southend.

Signing of accounts: directors and auditors

Who is required to sign company accounts?

Subject to certain exemptions, a company that meets the small company criteria in respect of a financial year is exempt from the requirement to have an audit of accounts for that year. The conditions are:

  • that the company qualifies as a small company in relation to that year,
  • that its turnover in that year is not more than £5.6 million, and
  • that its balance sheet total for that year is not more than £2.8 million.

It is important to note that there are many benefits and reasons for a company to have an audit. We will be pleased to discus these with you.

Companies that are not exempt include:

  • A public company
  • A company that is an authorised insurance company, banking company, an ISD investment firms or a UCITS management company, or a company that carries on insurance market activity.
  • Dormant companies, subject to conditions

A company's accounts must be signed on the balance sheet by a director as approved by the board of directors.