Part 15Accounts and reports
Chapter 10Filing of accounts and reports
Filing obligations of different descriptions of company
445Filing obligations of medium-sized companies
(1
The directors of a company that qualifies as a medium-sized company in relation to a financial year (see sections 465 to 467) must deliver to the registrar a copy of—
(a)
the company's annual accounts, and
(b)
the directors' report.
(2)
They must also deliver to the registrar a copy of the auditor's report on those accounts (and on the directors' report).
This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.
(3)
Where the company prepares Companies Act accounts, the directors may deliver to the registrar a copy of the company's annual accounts for the financial year—
(a)
that includes a profit and loss account in which items are combined in accordance with regulations made by the Secretary of State, and
(b)
that does not contain items whose omission is authorised by the regulations.
These are referred to in this Part as “abbreviated accounts”.
(4)
If abbreviated accounts are delivered to the registrar the obligation to deliver a copy of the auditor's report on the accounts is to deliver a copy of the special auditor's report required by section 449.
(5)
The copies of the balance sheet and directors' report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.
(6)
The copy of the auditor's report delivered to the registrar under this section must—
(a)
state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or
(b)
if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.
F1(7)
This section does not apply to companies within—
(a)
section 444 (filing obligations of companies subject to the small companies regime), or
(b)
section 444A (filing obligations of companies entitled to small companies exemption in relation to directors' report).