Audit Services

All limited companies and limited liability partnerships must prepare annual accounts to submit to HMRC and Companies House. Depending on your size you may also be required to be audited. Currently this is when the turnover is greater than £6.5m or gross assets on the balance sheet (i.e. without taking any account of creditors) is greater than £3.26m.

There may be circumstances, however, outside of these statutory limitations where you would benefit from audited accounts.

• Improve bank relations

  A full audit can provide a comfort zone for risk adverse banks regarding the financial security of your business which could be beneficial in your lending negotiations for interest rates or levels of personal guarantees

• Selling your business

  If you are planning on selling your business in the next few years, a regular audit will give potential buyers the confidence that your financial track record is as reported.

• Rapid growth businesses

  If you are currently just under the statutory audit levels but are planning high levels of growth it can be advisable to audit the period prior to the qualifying one. An audit must report on opening balances which may require a two-year audit prior to the period under review, because an audit also reports on comparative figures.

Call us today on one of the numbers below or simply complete our online enquiry form.