With the introduction of the Companies Act 2014 and the Companies (Accounting) Act 2017, company directors need to ensure that both they and their companies are fully compliant. There are significant late filing fees for any issues of non-compliance with statutory obligations which in turn can result in court prosecutions. At DJM Accounting, we offer the following services:
- Preparation and filing of statutory returns with the Companies Registration Office
- Advice concerning entitlement to claim audit exemption
- General advice on company law
- Appointment and/or resignation of directors and/or secretary
- Change in registered office address
- Increase of authorised share capital
- Changes to a company’s memorandum and articles of association
- Change of company name or change of objects
For limited companies, the entitlement to claim audit exemption when filing statutory returns with the Companies Office, is both an important business objective and cost saving measure. Any company entitled to this exemption needs to be aware of the criteria that must be met in order to claim exemption.
Furthermore, with changes to company law the relevant thresholds allowing companies to claim this entitlement have increased thereby opening the exemption up to a greater number of companies who may not have previously qualified. However many companies consistently fail to meet the necessary criteria through insufficient planning and a lack of understanding surrounding filing dates and requirements.
At DJM Accounting, we can advise you on any issue you may have concerning your company’s entitlement to claim audit exemption. We have extensive experience in advising companies how to claim this exemption, ensuring all relevant filing dates are met on time to keep the exemption.