wording for small company accounts

dboswell

I have a small company, which files unaudited accounts.

I am aware that the 2006 Companies Act has affected the wording on the Balance Sheet. My question relates to the Notes to the financial Statements.

Have previously written, "The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective March 2000) and include the results of the company's operations which are described in the Director's Report."

Does anyone know if this needs changing or can refer me to a helpful source? I am getting a little confused by the Company House website.

Thanks

Savvy_Sue

Does this page help? It's the first result on a google for '2006 companies act balance sheet' and I haven't looked for anything to contradict it!

dboswell

Savvy_Sue wrote: »

Does this page help? It's the first result on a google for '2006 companies act balance sheet' and I haven't looked for anything to contradict it!

thanks for that. the wording is slightly different to the letter/memo sent by companies house. just trying to get my head around the odd word here and there. :j