MicroEntityAccounting

Micro-entity accounting rules allow the smallest companies, based on turnover, balance sheet and employee thresholds, to prepare and file a simplified set of accounts, reducing the disclosure and formatting requirements compared with the standard small company regime. This can significantly cut the time and cost involved in year-end reporting.

While the simplified format reduces the burden of public disclosure, the underlying bookkeeping still needs to be accurate and complete, and the accounts still need to give a true and fair view of the company's position. We can advise whether your company qualifies and prepare accounts in whichever format suits your circumstances best.