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To access this screen select Edit, Business Size.
For limited companies this screen is linked with the Size of the Company data screen in Accounts Production.
To change the Business Size select one of the three options.
Changing the Business Size may have an affect on the capital allowances with different allowances now being applied.
On selection of the new business size, an information box advises the user to review the capital allowance calculation as a result of this change. To review the capital allowances details go to,
Details
Capital Allowances
Maintain Individual Assets/Maintain Asset Pools.
and amend as required.
For a break down of the rates go to, First Year Allowance Rates.
Where a company is "small" but does not want to take full advantage of the small company disclosure exemptions the data screens in Accounts Production can be amended to meet the company's disclosure requirements.
To do this open Accounts Production for the client and select Edit | Data Screens and amend the following data screens as required:
Financial Statements
FRSSE
Report of the Directors
Cash Flow Statement