Statutory Audits
Efficient statutory audit work for SMEs, charities and regulated entities.
Audits & Assurance
Statutory audit delivered efficiently and on time
Efficient statutory audit work for SMEs, charities and regulated entities.
We plan early, communicate clearly throughout fieldwork, and produce the audit opinion and accounts together so Companies House and HMRC deadlines are met without pressure. Senior involvement from scoping to sign off means quality is consistent and there are no gaps from handoffs to junior staff.
- Audit planning early in the cycle to avoid last minute pressure.
- Clear milestones and direct senior contact from start to sign off.
- Accounts and audit opinion delivered together to meet all deadlines.
Our approach
How we deliver statutory audits
Audit planning and risk assessment
We plan the audit early in the accounting cycle, assess the key risks in the business, agree the audit scope with management and produce a clear audit plan before fieldwork begins.
Fieldwork and testing
We conduct fieldwork with senior staff present throughout, testing the key areas of financial statement risk, maintaining communication with management and resolving questions before they become issues.
Audit opinion and accounts finalisation
We produce the audit opinion and statutory accounts together, ensuring Companies House and HMRC deadlines are met and that the accounts give a true and fair view of the business.
Who this is for
Businesses and individuals that need
01
SMEs meeting the audit threshold
Private limited companies in the south of England and London that exceed the small company exemption thresholds and require a statutory audit delivered efficiently each year.
02
Subsidiaries of larger groups
UK subsidiary companies that require a standalone statutory audit as part of group requirements, even where the parent may be audited separately by another firm.
03
Regulated entities
Entities in regulated industries financial services, legal practices, charities where a statutory audit is required regardless of the company's size.
Client feedback
“Changing auditors felt like a risk, but the planning meeting alone showed they understood the business better than our previous firm had in three years.”
Client review Distribution business, Hampshire
Common questions
Frequently asked questions
What are the audit size thresholds?
A company is small, and generally exempt from the statutory audit requirement, if it meets at least two of: turnover not more than £10.2m, balance sheet total not more than £5.1m, not more than 50 employees. The thresholds are increasing from April 2025 to £15m turnover and £7.5m balance sheet for medium companies which may affect some businesses. We confirm the current position for each client.
Can we change our auditors?
Yes. A company can change auditors by ordinary resolution of the shareholders, normally at the AGM, or at any point during the year with proper notice. We handle the professional clearance process and engage with the outgoing auditors in the appropriate way.
What does a group audit involve?
For group audits, we audit the UK entities within the group, provide component audit work to a group auditor if required, consolidate the subsidiary results, eliminate intercompany balances and transactions, and produce group accounts alongside the subsidiary accounts.
How disruptive is the audit process?
A well planned audit should not be significantly disruptive to the finance team. The key to minimising disruption is planning early, agreeing the information schedule in advance and responding promptly to queries. We plan fieldwork around the finance team's availability and work to a clear schedule.
Ready to take the next step?
Book an introductory meeting to discuss your audits & assurance needs with a specialist.