Talk:Arctic Shores
74,756 shares have been transferred, from R Needham Consultancy Ltd., on 7th September 2018.[1] In addition, 8,473 shares have been transferred, from Needham Consultancy Ltd.. on 6th May 2018.[2] To where have both batches of the shares been transferred? 161.12.100.241 15:01, 23 October 2023 (BST)
Clarification on Misapplication of Small Companies' Regime Provisions and Mandatory Comprehensive Income Statement Filing
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.[1]
To be considered a small company, the company must satisfy any 2 of the following things:
- a turnover of £10.2 million or less;
- £5.1 million or less on its balance sheet;
- 50 employees or less.[2]
Note, the balance sheet total means the aggregate of the amounts shown as assets in the company's balance sheet.[3]
The company has 77 employees, and £6,197,636 in total assets[1], and, therefore, Arctic Shores does not satisfy the small companies' regime provision.
Accordingly, the company:
- has used the provision incorrectly.
- must file its comprehensive income statement.
161.12.100.241 16:18, 26 October 2023 (BST)
References
- ↑ 1.0 1.1 https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM4MDUxODU2MGFkaXF6a2N4/document?format=pdf&download=0
- ↑ https://www.gov.uk/annual-accounts/microentities-small-and-dormant-companies#:~:text=Small%20companies,50%20employees%20or%20less
- ↑ https://www.legislation.gov.uk/ukpga/2006/46/section/382