small business audit

[tapmadi]

i have a business ltd compnay - when will i have to be audited? does an independent auditor come in - what are my legal obligations with regards t oaccounts etc..

we are a small business less than 3 staff - trading for 5 months - turnover so far 100k,

[dzug]

Your legal obligations are to submit a set of accounts in a prescribed form and with prescribed statements to Companies House within 10 (I think) months of the end of your financial year.

If your turnover is less than �1M you do not have to be auditted. However any shareholder can insist on an audit if they wish.

[Buenchico]

Everything you need to know about filing your accounts is on the Companies House website, here:
http://www.companieshouse.gov.uk/about/gbhtml/gba3.shtml

Chris