Client Name: Accounting Period - Bennett Brooks

1 Client name : Accounting Period : 09/16 2a-1 Audit Exemption, Section E COMPANIES ACCOUNTS checklist FRS 102 1A SMALL ENTITIES A32-1 FRS 102 1A (SMALL) This checklist is suitable for use where a company chooses to apply the small companies regime including Section 1A of FRS 102 (FRS 102 1A) and qualifies as audit exempt under section 477 or 479A of the Companies Act 2006. The checklist is designed as an aide-memoire rather than an exhaustive document. Detailed requirements or points of interpretation should be confirmed by reference to the legislation or Accounting Standard. FRS 102 1A is mandatorily applicable for companies applying the small companies regime for Accounting periods beginning on or after 1 January 2016, however early application is permitted for Accounting periods beginning on or after 1 January 2015. Notes on completing the checklist : i) Tick Section N/A box when the section concerns an area in which the company has no disclosure to make.

2 If this box is ticked none of the items in that section require consideration; the section is indicated by the blacked out areas in the Section N/A column. ii) Tick the N/A box if the company does not have any disclosure to make on that specific point. iii) Tick the Y box to indicate disclosure conforms with Companies Act or Accounting Standard requirements. iv) Tick the N box if the disclosure is incorrect. Explain all no s and show effect on the accountant s report. vi) Items marked with a hash (#) are encouraged disclosures. See FRS 102 1A for further guidance on applicability. Example references i) Section 1A, paragraph 5 of FRS 102. ii) Section 393(1) of the Companies Act 2006 ii) Section 2 of Schedule 1 to the Small Companies and Groups (Accounts and Directors Reports Regulations) 2008 S393(1) 1 COMPLIANCE REF Section N/A N/A Y N GENERAL TRUE AND FAIR VIEW S393(1) Financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss for the reporting Period .

3 S396(4) Additional information (in financial statements or notes) necessary to give a true and fair view. FINANCIAL STATEMENTS Financial statements comprise: S396(1) i) a statement of financial position (balance sheet) as at the reporting date; ii) an income statement (profit and loss account) for the reporting Period ; iii) a statement of total comprehensive income for the reporting Period , where other gains or losses recognised in other comprehensive income; # iv) a statement of changes in equity or a statement of income and retained earnings for the reporting Period , where transactions with equity holders; # v) notes. Each financial statement presented with equal prominence. May use titles for the financial statements other than in as long as not misleading. Clearly identify each of the financial statements and the notes and distinguish them from other information in the same document.

4 1 , Corresponding amounts in respect of previous Period shown for all items except where standard or legislation permits or requires otherwise. Each material class of similar items presented separately in the financial statements. Items of a dissimilar nature or function presented separately unless immaterial. Prominently display the following: i) name of reporting entity and any change in name since comparative Period ; ii) whether the financial statements cover the individual entity or a group of entities; iii) date of the end of the reporting Period and Period covered by the financial statements; iv) presentation currency; v) level of rounding. DIRECTORS REPORT DIRECTORS S236 Where any qualifying third party indemnity provision is in force at the time of approval of the report or during the Period , for the benefit of one or more directors, this fact.

5 S416(1)(a) Directors names including persons who were directors at any time during the year. Client name : Accounting Period : 09/16 2a-2 Audit Exemption, Section E COMPANIES ACCOUNTS checklist FRS 102 1A SMALL ENTITIES A32-2 FRS 102 1A (SMALL) COMPLIANCE REF Section N/A N/A Y N 5 POLITICAL DONATIONS AND EXPENDITURE (not applicable to wholly owned subsidiaries of UK incorporated companies) Where total political donations/expenditure exceeds 2,000: i) donations total amount given to each named party/organisation/independent election candidate; ii) expenditure total amount incurred. 5 Total contributions (including cash gifts, expenses paid or subscription or other fees paid) paid to non-EU political parties whether directly or indirectly. DISABLED EMPLOYEES 5 Where the average number of employees exceeds 250 state the company policy regarding: i) full and fair consideration of applicants for employment of disabled persons, having regard to their aptitudes and abilities; ii) continuing employment and training of persons who become disabled; iii) training, career development and promotion of disabled persons employed by the company.

6 OTHER MATTERS S419(2) A statement above the director s/secretary s signature to the effect that the report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. S419(1), S446(3) name of director/secretary who signs the report on behalf of the board of directors. ACCOUNTANTS REPORT CCAB Accounts compilation guidance Appropriate report attached to accounts (see section C of this manual). An explanatory paragraph may be required where: i) there are departures from Accounting standards; or ii) incomplete information is available; and iii) the accountants wish to highlight the associated disclosures. PROFIT AND LOSS ACCOUNT Present items in accordance with Part 1, either: 1 1C i) a full profit and loss account; or ii) an abridged profit and loss account; or iii) an adapted profit and loss account.

7 ABRIDGED PROFIT AND LOSS ACCOUNT Necessary additional disclosures provided in the notes that present sufficient information to give a true and fair view ( disaggregating gross profit or loss and disclosing turnover). ADAPTED PROFIT AND LOSS ACCOUNT 1 (2) Where formats adapted, information given is at least equivalent to that required by format, including: i) turnover; ii) finance costs; iii) profit or loss before taxation; iv) tax expense (excluding tax allocated to other comprehensive income or equity); v) profit or loss; Additional line items, amended descriptions and ordering where necessary to explain elements of financial performance. STATEMENT OF COMPREHENSIVE INCOME #(Encouraged where other gains or losses recognised in other comprehensive income) , Line items that present the following amounts for the Period : # i) profit or loss for the Period ; # ii) components of other comprehensive income, classified by nature, recognised as part of total comprehensive income outside profit or loss either: # a) net of related tax effects; or # b) before related tax effects with one amount shown for the aggregate amount of income tax relating to those components; # iii) total comprehensive income.

8 # Client name : Accounting Period : 09/16 2a-3 Audit Exemption, Section E COMPANIES ACCOUNTS checklist FRS 102 1A SMALL ENTITIES A32-3 FRS 102 1A (SMALL) COMPLIANCE REF Section N/A N/A Y N BALANCE SHEET FORMAT Present items in accordance with Part 1, either: 1 1C i) a full balance sheet; or ii) an abridged balance sheet; or iii) an adapted balance sheet. 1 Where an asset or liability relates to more than one item in the balance sheet, the relationship under those items or in the notes. ABRIDGED BALANCE SHEET Necessary additional disclosures provided in the notes that present sufficient information to give a true and fair view ( disaggregating the information in the balance sheet). ADAPTED BALANCE SHEET FORMAT 1 (1) Where formats adapted, information given is at least equivalent to that required by format, including: i) tangible fixed assets; ii) investment property held at fair value through profit or loss; iii) intangible assets; iv) financial assets (excluding v, vi, x and xi); v) investments in associates; vi) investments in jointly controlled entities; vii) biological assets carried at cost less accumulated depreciation and impairment; viii) biological assets carried at fair value through profit or loss; ix) stocks; x) trade and other debtors; xi) cash and cash equivalents; xii) trade and other creditors; xiii) provisions; xiv) financial liabilities (excluding xii and xiii); xv) liabilities and assets for current tax.

9 Xvi) deferred tax liabilities and assets (non-current). Separately distinguish between current and non-current assets and liabilities classifications. Amended descriptions, aggregation and ordering to provide information that is relevant to an understanding of the entity s financial position. Either on the face of the balance sheet or in the notes, sub classifications of equity ( share capital, share premium, retained earnings, revaluation reserve, fair value reserve and other reserves. APPROVAL S475 (2) & (3) For all companies exempt from audit the balance sheet shall contain directors statements to the effect that: i) the company was entitled to exemption from audit under section 477 [or, if a small qualifying subsidiary: section 479A; or if dormant: section 480] of the Companies Act 2006 relating to small [subsidiary] [dormant] companies; ii) the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; iii) the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to Accounting records and the preparation of accounts.

10 S414 Statement above the director s signature to the effect that the financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. S446(3) The name and signature of the director who approved the financial statements on behalf of the board. FILED ACCOUNTS Registrar s Rules Where these accounts are to be filed, company name and number on one of the composite documents of the accounts ( balance sheet). Client name : Accounting Period : 09/16 2a-4 Audit Exemption, Section E COMPANIES ACCOUNTS checklist FRS 102 1A SMALL ENTITIES A32-4 FRS 102 1A (SMALL) COMPLIANCE REF Section N/A N/A Y N S444(1) Where the company opts not to file the directors report and/or profit and loss account, on the balance sheet that is delivered to Companies House: S444(5)-(5A) i) a statement that the company s annual accounts and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime; ii) where the company opts not to file the profit and loss account, this fact.