The Annual Accounts & Audit subfolder details the legal requirements governing accounting and audit requirements for private companies
under the Companies Act 2006. It provides a summary guidance note and a range of template documents, including board minutes and shareholder resolutions
for use by finance directors and company secretaries in preparing the accounts and dealing with auditors.
Companies are expressly required by law to keep “adequate accounting records” which are “sufficient to show and explain the company’s transactions”. This
in practice means that private companies must prepare and file annual accounts with non-compliance being a criminal offence. This subfolder includes a
Guidance Note which is a practical “how to” guide for company secretaries and finance directors in relation to the preparation and distribution of the
annual accounts. The guidance note also considers audit requirements and the process of appointing, removing or replacing an auditor.
The other documents listed below are the board minutes, shareholder resolutions, letters and Companies House forms required in the process of appointing,
removing or replacing the auditors in order to comply with the Companies Act 2006 and as set out in the covering guidance note.
This subfolder has been updated to remove reference to the annual return which has been replaced with a
confirmation statement. Information on the confirmation statement can be found in our Confirmation Statement Guidance subfolder and on the Companies House website.
Each document in the Annual Accounts and Audit subfolder is compliant with the Companies Act 2006.
The documents in the Annual Accounts & Audit subfolder are part of the Corporate folder. Access all Corporate documents for £35 + VAT.