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A small company in the UK is defined as a company with turnover of less than £6.5m or gross assets of less than £3.26m.

A small company is unlikely to be required by law to have an audit, unless more than 10% of the shareholders request one, or unless your activities fall within specific definitions. A small company may, of course, voluntarily appoint auditors.

Charities have special rules in relation to audit obligations, depending on whether they are a limited company or have been established by trust deed. Broadly speaking, charities with turnover of £500,000 or more must have an audit.

We are registered auditors, qualified to carry out audit work under the Companies Act 2006. We have experience in auditing a wide range of commercial and specialist entities.

All audit work is conducted in accordance with applicable auditing standards, and the ethical standards set out by the ACCA. During the audit process, we endeavour to provide feedback to management in respect of observations or recommendations for change or improvement.

If you would like to discuss how we might assist you, please contact us for a no obligation initial meeting.