Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Small company definition

What does Small company mean? In practice, a small company is one that qualifies for the small companies regime for accounts, reporting and audit. The term is statutory in the UK: Companies Act 2006, s 382 sets financial size thresholds and s 384 lists exclusions. A company qualifies in a financial year if it meets at least two of the following (as amended, including the 2024 threshold uplifts): turnover not more than £15 million; balance sheet total (the aggregate of assets per the balance sheet) not more than £7.5 million; no more than 50 employees. Movement into or out of the regime generally follows a...

Companies Act 2006: Auditor information rights, false statements, failure or delay to provide information, resignation notification offences, and sentencing

Published by a LexisNexis Corporate Crime expert

Practice notes

Providing false statement to an auditor

A company’s directors must produce a report for each financial year, unless the small company exception in section 415A of the Companies Act 2006 (CA 2006) applies. The report has to set out the information required by CA 2006, sections 415 to 418 inclusive. In relation to providing information to auditors, section 418 CA 2006 obliges the directors’ report to include a statement confirming two points:

so far as every director knows, there is no relevant audit information of which the company’s auditor is not aware; and
the directors have taken all steps they ought to have taken, in their capacity as directors, to make themselves aware of any relevant audit information and to ensure the company’s auditor is aware of it.

All directors in office when the report is approved must make the identical statement. For these purposes, “relevant audit information” means the information the company’s auditor needs in connection with the preparation of their report...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...