We offer a full audit service.
Under current UK legislation, a company qualifies as a small company, and therefore is exempt from the requirement to have its financial statements audited if they meet 2 of the following 3 criteria:
- Annual turnover – under £10.2m
- Gross Asset – under £5.1m
- Average number of employees – under 50
If the company exceeds two of the above three criteria for two consecutive years, it will require that its financial statements are audited.