Hi,
I could do with some help, im filling in for someone who has become unwell.
In one part of the accounts it refers to the "small companies regime", and in another FRS 101.
Are these not mutually exclusive?
Thank you in advance.
Replies (4)
Please login or register to join the discussion.
No. I mean yes, you're right, they're mutually exclusive.
That was your question, was it not ?
Sounds like someone has confused FRS 101 (which is reduced disclosure for subsidiaries of full IFRS companies) with FRS 102 Schedule 1A (which is reduced disclosure for small companies).
They are separate and I would doubt if you are a small company there is any benefit using FRS 101.