FRS105 Sale of Trade

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My client has sold their trade with a loss on sale of intangible assets.  Do I need to mention in the accounting notes that my client has sold before the year end date in the accounts.  Do I have to prepare statutory accounts to the sale date or wait until the year end?  

 

 

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By johngroganjga
12th Nov 2019 12:42

The sale of the trade has no effect on the company's accounting reference date. if your client wants to change the accounting reference date they of course can.

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Replying to johngroganjga:
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By gedmond72
12th Nov 2019 14:10

Thanks John.

Do you know if under FRS105 I would need to disclose that there has being a sale of trade in the notes?

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