UK Financial Statements: Presentation and Disclosure Requirements

This publication contains model financial statements to illustrate how the disclosure requirements under new UK GAAP (and EU-endorsed IFRS) should be prepared. The overall aim of the publication is to offer preparers of financial statements detailed guidance on getting the accounts and associated disclosure requirements correct under a new reporting framework.

Many books offering illustrative financial statements merely focus on the disclosure requirements only. This publication aims to be a ‘one-stop-shop’ which focuses on the wider issues around financial statement preparation. Various areas of the Companies Act 2006 require differing levels of disclosure depending on whether the entity is a micro-entity, small company, medium sized or large business and this publication will be structured in such a way that each type of business is covered in its own chapter, hence making each chapter a standalone chapter depending on the size of the entity concerned.

Steve Collings is the audit and technical partner at Walmsley Associates Ltd.