Its annual turnover must not exceed £5.6 million
	Its balance sheet total must not exceed £2.8 million
	It has less than 50 employees

	The independent audit of accounts provides tax inspectors with some comfort when reviewing the tax returns based on those accounts and as a result audited businesses are less likely to be subject to Inland Revenue enquiry.
	As a growing business you may need financial assistance to expand. When a bank or other financial institution is looking to provide finance, audited companies may be offered preferential terms compared to unaudited companies.
	Customers will have greater confidence in your ability to deliver if they can see that your company’s accounts show a solid track record. Audited accounts will add to that. If they are relying on your goods to make their products, they need to be confident in your ability to maintain supplies.

Accountancy

Although annual accounts must be prepared in order to comply with tax and company legislation, if they are prepared in a timely and efficient fashion they can be an important source of management information.

	Upon receipt of your records we will let you know when we expect the accounts to be completed.
	By doing this we will ensure that your statutory responsibilities are always met.