Letter of Representation – Limited Company Accounts and Corporation Tax

The directors’ letter to their accountant approving the accounts and CT600 and confirming every key judgement, from audit exemption and directors’ loans to dividends and going concern.

Editable Word document
12
10pages
Guidance notes included
aml consultancy solutions

Accountancy practice – client documents

Letter of Representation – Limited Company Accounts and Corporation Tax

About this document

What it’s for

A fully written letter from a company’s directors to your firm, on the company’s letterhead, for micro-entity (FRS 105) and small company (FRS 102 Section 1A) accounts and the corporation tax return. It comes with guidance for your firm, a tailoring table, a board minute and a checklist to complete before you accept the letter.

When to use it

  • At the end of every limited company accounts and corporation tax engagement
  • Where the accounts rest on directors’ judgements you cannot verify – loans, dividends, estimates, going concern
  • Instead of the shorter letter in the Accounts Approval Letter (in this pack) for clients with more judgement areas

What’s inside

The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.

  1. Approval of the accounts and the return
  2. Our responsibilities as directors
  3. Company size and audit exemption
  4. Completeness of records, income and liabilities
  5. Assets, estimates and judgements
  6. Directors’ loan accounts
  7. Dividends and other distributions
  8. Related parties
  9. Going concern
  10. Events after the year end
  11. Corporation tax
  12. Laws, regulations, fraud and claims
  13. Specific representations

Also included

  • Part 1 – Guidance for your firm
  • Appendix B – Board minute
  • Appendix C – Firm checklist

How to complete it

  • Choose Option A, B or C wherever shown and delete what does not apply (Appendix A)
  • Make sure every figure agrees to the final approved accounts
  • Have the directors sign on the approval date, before you file anything

Key points to check

  • Company size limits, the section 455 rate and the Companies House reform dates – placeholders flag each one

Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.

Included in the pack

Accountancy practice – client documents

£20

for every document in this category

Editable Microsoft Word files

Guidance notes in every document

Written for UK businesses

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