UK GAAP is currently undergoing significant changes with FRS 102 taking effect on 1 January 2015 and the changes to the Companies Act 2006.
The Financial Reporting Council published a draft standard on 19 February that will do away with the Financial Reporting Standard for Smaller Entities (FRSSE) for accounting periods beginning on or
Clients' company is owned 50:50 by husband & wife. Husband is a director, wife is co secretary (not a director) & accounts are prepared in accordance with FRSSE.
The recently amended Financial Reporting Standard for Smaller Entities (FRSSE 2015) is likely to enjoy a very limited lifespan as small company accounting he
Steve Collings presents an overview of the new reporting requirements that apply to micro-entity accounts for years ending on/after 30 September 2013.
UK GAAP is currently undergoing the most significant overhaul in a generation with the introduction of FRS 102 becoming mandatory for accounting periods commencing
There is a company, reporting under FRSSE.
Directors loan account was in credit at the start of year and at the end.
Never went overdrawn in year.
Financial reporting is soon to undergo the largest overhaul of its kind in the last 40 years with the disbanding of FRSs/SSAPs and UITF Abstracts and the replaceme
The Financial Reporting Council last week issued an exposure draft of the Financial Reporting Standard for Smaller Entities (FRSSE) to bring UK GAAP into line wi