Small companies regime and FRS 101

Small companies regime and FRS 101

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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)

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RLI
By lionofludesch
20th Jul 2016 18:32

Yes

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Replying to lionofludesch:
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By _confused
20th Jul 2016 19:38

Thanks. So I assume it is okay.

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RLI
By lionofludesch
21st Jul 2016 08:53

No. I mean yes, you're right, they're mutually exclusive.

That was your question, was it not ?

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Mike Cooper HJS
By mike_uk_1983
22nd Jul 2016 12:55

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.

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