FRS102

FRS102

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Hi,

For a very small ltd company (turnover ad balance sheet less than £250K) with a March 2015 year end, what (if any) are the essential changes required vs the previous year?

Thanks

Ben

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By TerryD
09th Apr 2015 14:39

For the year ended 31 March 2015, none at all. For the next year, quite probably also nothing. For the year after that, probably very little beyond a few name changes and some reduced disclosures - but, of course, that all depends what you have in your accounts!

You could, of course, provided you have no revaluations, use the micro-entity regime instead.

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