Pro Forma Financial Statements 2020 NI

Release date: 27 August 2020

Our Northern Ireland Pro Forma Financial Statements for accounts prepared under the Companies Act 2006 reflect amendments to FRS 102 and FRS 105 for periods beginning on or after 1 January 2019.

These example financial statements use fictitious amounts and totals (not just blank placeholders) to enable you to follow through and understand the required presentations and disclosures.

This toolkit, which reflects these changes, contains:

1. Full financial statements for an audit-exempt Micro Company preparing accounts under FRS 105 and Statutory Instrument (SI) 2008/409;
2. ‘Filleted’ financial statements for the audit-exempt Micro Company for filing with Companies House;
3. Full financial statements for an audit-exempt Small Company preparing accounts under Section 1A of FRS 102 and SI 2008/409;
4. ‘Filleted’ financial statements for the audit-exempt Small Company for filing with Companies House;
5. Full financial statements for an audited Small Company preparing accounts under Section 1A of FRS 102 and SI 2008/409;
6. ‘Filleted’ financial statements for the audited Small Company for filing with Companies House; and
7. Full financial statements for a Medium Company ('Regular Company') preparing accounts under full FRS 102 and SI 2008/410.  These include investment properties stated at fair value, financial instruments at fair value (and related disclosures), preference shares treated as debt, a statement of Changes in Equity, and a Cash Flow Statement with the new reconciliation of net debt.

All of the pro formas include extensive footnotes to provide context for the formats and disclosures presented. Audited company pro formas (numbers 5 and 7) include both the existing version of the auditor’s report and the version for periods commencing on or after 15 December 2019.

The toolkit does not deal with Group financial statements or Abridged financial statements.

The pro formas are supplied as a download in MS Word format.

Downloading your toolkit
Once you have placed your order online, first print your invoice if you require one. Following this, go into your My Account area on the website and open My courses & downloads. Your toolkit will be available to download there. You have up to 90 days from the date of purchase to download your toolkit.

For more information, contact us at Practice Consulting