small company or not?

Posted by blok PM | on Tue, 20/03/2012 - 11:25 705 3 comments | report

company was formed 1 August 2010.

business incorporated 1 December 2010.

accounts prepared to 30 September 2011.

POA is 16 months to 30 Sept 2011. Trade is 10 months long.

Turnover for 10 months trade is £6m.

Company needs an audit (assets £4m) but is it small ??

i.e. do I gross up the £6m by 12/10 and fail the medium test or does the long POA protect it from the medium sized threshold?

Comments

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George Attazder | Tue, 20/03/2012 - 13:08

Euan MacLennan | Tue, 20/03/2012 - 13:43

blok | Tue, 20/03/2012 - 13:57