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Company accounting convention wording FRSSE
Posted: December 22nd, 2018, 7:36 pm
by Daytona
Is this accounting convention still valid for a dormant company ? -
"The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005)."
Re: Company accounting convention wording FRSSE
Posted: December 22nd, 2018, 8:52 pm
by Charlottesquare
FRSSE is no more, it is an ex approach, expired, bereft of life.........
Take a look at FRS105 or (but likely not wanted) FRS102.
https://www.frc.org.uk/getattachment/fb ... Y-2015.pdfhttps://www.frc.org.uk/getattachment/69 ... March-2018).pdf
Re: Company accounting convention wording FRSSE
Posted: December 23rd, 2018, 6:29 am
by Daytona
Thanks Charlottesquare, my company was active then dormant for about 8 years and has zero transactions and balances so do you know of an example that shows me what wording to use under FRS105? I usually send in paper accounts after CH broke the link with HMCR dunno if it's easier online or if I have access.
Re: Company accounting convention wording FRSSE
Posted: December 28th, 2018, 3:49 pm
by M0n1ter
Daytona wrote:Thanks Charlottesquare, my company was active then dormant for about 8 years and has zero transactions and balances so do you know of an example that shows me what wording to use under FRS105? I usually send in paper accounts after CH broke the link with HMCR dunno if it's easier online or if I have access.
Hi Daytona
If you have the companies house authorisation code you can easily file using the companies house new online site - which will handle the wording for you. You just need the numbers - and if nothing has happened that should be very straightforward.