Accounts and Audit

Limited companies

If you are a limited liability company or limited liability partnership with a turnover in excess of £6.5million or total assets in excess of £3.26million, you have a statutory obligation to conduct an annual audit. Of course, some companies below these limits may wish to continue with an audit if, for example, they are looking to sell the business in the next few years or have substantial bank borrowings.

At Wise & Co we serve a broad range of audit clients including charities, clubs, associations and pension schemes and we are on hand to advise and guide you through all aspects of the auditing process. If you are unsure whether to continue with your company audit we are always happy to discuss your individual situation – simply get in touch with one of our Partners.

As auditors we have a clear responsibility to audit accounts thoroughly and to meet specific professional standards. However, at Wise & Co we go one step further; we will advise on the best ways to present and interpret information, so that you can achieve your business objectives and meet your legal obligations. Regardless of whether an audit is required, we will ensure that your financial statements are prepared in compliance with the latest accounting standards.

To find out more and to discuss your specific needs with one of our specialist Partners, please contact us

Sole traders and partnerships

We understand the specific business requirements of sole traders and non-limited partnerships and we offer these businesses an annual accounting review. Whilst not a statutory obligation, this review still plays an essential part in the financial review and forward-planning processes of many of our non-limited clients and enables us to review their VAT, PAYE and other statutory obligations and ultimately save them time and money.

To find out more and to discuss your specific needs with one of our specialist Partners, please contact us