This is a brief note to advise in advance of the changes being required for all UK companies under a new Accounting Standard FRS102. It replaces all existing UK standards and will require certain changes to be made to prior year figures and extra statements to explain the changes in the first Accounts which adopt the new standards.
A Reminder of a Director’s Duties
When you open a limited company and become a director, you are taking on a lot of responsibility and legal duties, outlined in the Companies Act 2006.
Compulsory Details on Company Letterheads and Emails
The Companies Act requires specific details to be shown on both letterheads and emails that come from a company.