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FRS105 and Going Concern

Do we need to disclose if not ?

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Micro Company - net liabilities and, possibly not a going concern under old Uk Gaap, Does this no longer require a GC note in Frs 105 Accounts ?

- My question arises after reading :

https://www.frc.org.uk/getattachment/62ae3969-fe26-4def-8d25-e2acd821e7b...

micro-companies applying FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime are not required to provide any disclosures on the going concern basis of accounting, as their financial statements are presumed, in law, to give a true and fair view if the (minimal) legal disclosure requirements are met;

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By mabzden
28th Sep 2017 16:52

No, not required.

Two notes are required for FRS 105 accounts, and a going concern note isn't one of them.

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