No hiding info at Companies House

[Simon Bags]

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

[PaulHogan]

If that were true then nobody would ever get done for tax evasion, right?

[Stablelad]

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

[Simon Bags]

Stablelad said:

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

So, when someone at my Company hands me a copy of the Company accounts for the year ending ddmmyy, and it outlines running costs, salary costs, expenditure etc etc (I'm no expert on any of this believe me) that's what should be at Companies House yes? or no?

[CaptainSlow]

Simon Bags said:

Stablelad said:

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

So, when someone at my Company hands me a copy of the Company accounts for the year ending ddmmyy, and it outlines running costs, salary costs, expenditure etc etc (I'm no expert on any of this believe me) that's what should be at Companies House yes? or no?

No, companies under a certain size (and subject to their shares listing etc) can submit summarised accounts which may not go to the level of detail you have.

[Simon Bags]

CaptainSlow said:

Simon Bags said:

Stablelad said:

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

So, when someone at my Company hands me a copy of the Company accounts for the year ending ddmmyy, and it outlines running costs, salary costs, expenditure etc etc (I'm no expert on any of this believe me) that's what should be at Companies House yes? or no?

No, companies under a certain size (and subject to their shares listing etc) can submit summarised accounts which may not go to the level of detail you have.

So you just have to assume that the accounts that are given to me with the breakdown of what's gone on over the past 12 months is correct? Right, got it, thanks for that.

Simon.

[CaptainSlow]

Simon Bags said:

CaptainSlow said:

Simon Bags said:

Stablelad said:

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

So, when someone at my Company hands me a copy of the Company accounts for the year ending ddmmyy, and it outlines running costs, salary costs, expenditure etc etc (I'm no expert on any of this believe me) that's what should be at Companies House yes? or no?

No, companies under a certain size (and subject to their shares listing etc) can submit summarised accounts which may not go to the level of detail you have.

So you just have to assume that the accounts that are given to me with the breakdown of what's gone on over the past 12 months is correct? Right, got it, thanks for that.

Simon.

You may be able to reconcile some of the figures back.

[monthefish]

Simon Bags said:

CaptainSlow said:

Simon Bags said:

Stablelad said:

Simon Bags said:

Hi. I'm right in thinking that when my Boss submits the Company Accounts for the year, what gets submitted is the final version, there's no hiding anything, no hidden figures, Companies House holds the true figures right?

Simon.

Most will be a Summation without an exhaustively detailed breakdown.

Edited by Stablelad on Wednesday 6th October 15:11

So, when someone at my Company hands me a copy of the Company accounts for the year ending ddmmyy, and it outlines running costs, salary costs, expenditure etc etc (I'm no expert on any of this believe me) that's what should be at Companies House yes? or no?

No, companies under a certain size (and subject to their shares listing etc) can submit summarised accounts which may not go to the level of detail you have.

So you just have to assume that the accounts that are given to me with the breakdown of what's gone on over the past 12 months is correct? Right, got it, thanks for that.

Simon.

Roughly.

They will (should?) be factually correct, but really needs proper interpretation to give a real picture of how the compnay is performing.

[Firefoot]

What do you have in your hand, a set of accounts or an audited set of accounts?

The audited set will have been independently checked and will contain comments if there are any discrepancies between the companydeclaration, and what they have actually found.

[Simon Bags]

Firefoot said:

What do you have in your hand, a set of accounts or an audited set of accounts?

The audited set will have been independently checked and will contain comments if there are any discrepancies between the companydeclaration, and what they have actually found.

I'm still waiting on this years (2009/2010) but last years was a nice bound folder, signed off by an independant accountant.

[Stablelad]

Simon Bags said:

Firefoot said:

What do you have in your hand, a set of accounts or an audited set of accounts?

The audited set will have been independently checked and will contain comments if there are any discrepancies between the companydeclaration, and what they have actually found.

I'm still waiting on this years (2009/2010) but last years was a nice bound folder, signed off by an independant accountant.

That's your bible

[Eric Mc]

As had been mentioned, small companies usually submit Abbreviated Accounts which only show a Balance Sheet and some disclosure notes. Thdey do not show a profit and loss account of any kind.

A small company for this purpose is a company with a sales/turnover figure less than £6.5 million and/or less than 50 employees and/or total assets less than £3.26 million.

[Stablelad]

Eric Mc said:

As had been mentioned, small companies usually submit Abbreviated Accounts which only show a Balance Sheet and some disclosure notes. Thdey do not show a profit and loss account of any kind.

A small company for this purpose is a company with a sales/turnover figure less than £6.5 million and/or less than 50 employees and/or total assets less than £3.26 million.

and if our Eric Mc says, it must be so.

[Eric Mc]

Stablelad said:

Eric Mc said:

As had been mentioned, small companies usually submit Abbreviated Accounts which only show a Balance Sheet and some disclosure notes. Thdey do not show a profit and loss account of any kind.

A small company for this purpose is a company with a sales/turnover figure less than £6.5 million and/or less than 50 employees and/or total assets less than £3.26 million.

and if our Eric Mc says, it must be so.

All I had to do was have a quick shufty over one of my Limited Company Working Papers Completion Checklists (the joys of being an accountant).

[Somewhatfoolish]

I vaguely recall this year I could sign something to hide my name and address as a director and partner, which is a new thing, so there's that wee power...

[Eric Mc]

The Companies Act 2006 allows directors NOT to disclose their home addresses on Companies House public records (although Companies House will still keep your home address on file).

[Mojooo]

irrelevant, but companies give their directors too much protextion - especially in the case of rogue companies - sometimes it would be good to know where the director lives!

[Eric Mc]

Mojooo said:

irrelevant, but companies give their directors too much protextion - especially in the case of rogue companies - sometimes it would be good to know where the director lives!

Ask the directors of Hunting Life Sciences if they agree with that.

[Mojooo]

Eric Mc said:

Mojooo said:

irrelevant, but companies give their directors too much protextion - especially in the case of rogue companies - sometimes it would be good to know where the director lives!

Ask the directors of Hunting Life Sciences if they agree with that.

Weighing up the pros and cons I havent chanegd my mind

There are far more cases of companies screwing over consumers

[Eric Mc]

Mojooo said:

Eric Mc said:

Mojooo said:

irrelevant, but companies give their directors too much protextion - especially in the case of rogue companies - sometimes it would be good to know where the director lives!

Ask the directors of Hunting Life Sciences if they agree with that.

Weighing up the pros and cons I havent chanegd my mind

There are far more cases of companies screwing over consumers

I think death threats and genuine murder attempts carry a bit more weight than lost money.

The threat isn't completely removed. A couple of years ago a secretary in a firm of accountants received severe injuries when she opened the office mail and triggered a bomb - in Wokingham.

Edited by Eric Mc on Thursday 7th October 13:22