Final accounts for FRS102
When a company ceases trading, there is no requirement to enter a cessation date; although you will need to end the accounts on this date. You can enter the fact that you are using a breakup basis within the policies.
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Go to the Policies tab within the accounts and select Add a new policy or paragraph…
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Select Going concern policy.
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From the Preparation drop-down list, select Break-up basis from the drop-down list and enter an explanation in the free text field available.
