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Statutory Audit

AGK LIMITED trading as KAGDADIA & CO
Statutory Auditor

Registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors under reference number C008976636.

 

Statutory Audits for Private Limited Companies and Public Limited Companies

Small Companies do not require a statutory audit for accounting periods ending on or after 1st October 2012.

Small Company Qualification

For all accounting periods ending on or after 1st October 2012 a standalone company has to meet 2 out of the following 3 criteria in the current and previous year to qualify as a small company:

Company

Turnover                            Less than £6.50 million

Balance Sheet total        Less than £3.26 million

Average Employees      Less than 50

Companies that do not qualify as a small company do have to have a statutory audit.

The limits noted above do not apply to public limited companies. All public limited companies must have a statutory audit irrespective of size.

The procedures for conducting an audit are the same whether a large firm of accountants undertakes the work or a small firm. We at Kagdadia & Co pride ourselves in providing a professional service at a competitive price. Kagdadia & Co are Registered Auditors, authorized by the ICAEW* to undertake audit work.

For small companies we provide an alternative report confirming the review of the accounts. This often helps when bank managers need a copy of the certified accounts.

For your free initial consultation and quotation send your details by E-mail, or contact Ashwin Kagdadia at 01926 451933 or 0116 276 2761

*Institute of Chartered Accountants in England & Wales