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Accounts Disclosure Checklist
1
Step 1
2
Step 2
Tailoring questions
Is the company a wholly owned subsidiary of an incorporated company?
N/A
YES
NO
Has the company made or incurred any political donations or expenditure?
N/A
YES
NO
Does the average number of employees exceed 250?
N/A
YES
NO
Will accounts be filed with companies house?
N/A
YES
NO
Will a company profit and loss account be delivered to Companies House?
N/A
YES
NO
Will the company be preparing a Statement of comprehensive income (in addition to the P&L account)?
N/A
YES
NO
Will the company be preparing a Statement of changes in equity?
N/A
YES
NO
Has the length of the reporting period changed?
N/A
YES
NO
Is this the first year of adoption of FRS 102 1A?
N/A
YES
NO
Are the financial statements prepared on a going concern basis?
N/A
YES
NO
Does the company have any intangible assets?
N/A
YES
NO
Does the company have any stocks?
N/A
YES
NO
Does the company have any debtors?
N/A
YES
NO
Does the company have any current asset investments?
N/A
YES
NO
Does the company have any creditors?
N/A
YES
NO
Have any fixed assets been measured at revalued amounts?
N/A
YES
NO
Have any financial instruments or other assets been accounted for at fair value?
N/A
YES
NO
Are there any changes in presentation (e.g. format,reclassification)?
N/A
YES
NO
Are there any secure liabilities?
N/A
YES
NO
Are there any directors' benefits (advances, credits and guarantees)?
N/A
YES
NO
Are there any related party transactions?
N/A
YES
NO
Are there any financial commitments not included in the balance sheet?
N/A
YES
NO
Confirm all tailoring questions have been answered
N/A
YES
NO
General
Financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss for the reporting period.
N/A
YES
NO
Additional information necessary to give a true and fair view.
N/A
YES
NO
Financial statements comprise:a statement of financial position (balance sheet) as at the reporting date; and
N/A
YES
NO
an income statement (profit and loss account) for the reporting period; and
N/A
YES
NO
a statement of total comprehensive income for the reporting period, where other gains or losses recognised in other comprehensive income;
N/A
YES
NO
notes.
N/A
YES
NO
Each financial statement presented with equal prominence.
N/A
YES
NO
May use titles for the financial statements other than in 1A.8-9 as long as not misleading
N/A
YES
NO
Clearly identify each of the financial statements and the notes and distinguish them from other information in the same document.
N/A
YES
NO
Corresponding amounts in respect of previous period shown for all items except where standard or legislation permits or requires otherwise.
N/A
YES
NO
Each material class of similar items presented separately in the financial statements.
N/A
YES
NO
Items of a dissimilar nature or function presented separately unless immaterial
N/A
YES
NO
comparative period whether the financial statements cover the individual entity or a group of entities;
N/A
YES
NO
date of the end of the reporting period and period covered by the financial statements;
N/A
YES
NO
presentation currency;
N/A
YES
NO
level of rounding
N/A
YES
NO
Statement of early adoption of the ‘March 2018’ version of FRS 102.
N/A
YES
NO
Where any qualifying third party indemnity provision is in force at the time of approval of the report or during the period, for the benefit of one or more directors, this fact.
N/A
YES
NO
Directors’ names including persons who were directors at any time during the year
N/A
YES
NO
A statement above the director’s/secretary’s signature to the effect that the report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
N/A
YES
NO
Name of director/secretary who signs the report on behalf of the board of directors.
N/A
YES
NO
Appropriate report attached to accounts
N/A
YES
NO
An explanatory paragraph may be required where there are departures from accounting standards
N/A
YES
NO
An explanatory paragraph may be required where the accountants wish to highlight the associated disclosures.
N/A
YES
NO
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