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Company Limited by Guarantee

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  • 02-10-2015 12:27pm
    #1
    kennyb3
    Registered Users Posts: 6,724 ✭✭✭


    Are these still required to file a cashflow under the companies Act 2014?

    On what basis?

    They meet the small company criteria to fall under the FRS1 exemption.

    Previously they had to under the 1963 Act, as section 2(1)(a) of the 1986 Act didn't apply as the company wasn't trading for gain.

    Anyone see anything in the 2014 saying they have to prepare a cashflow?


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    #2
    ants09
    Registered Users Posts: 709 ✭✭✭ants09


    kennyb3 wrote: »
    Are these still required to file a cashflow under the companies Act 2014?

    On what basis?

    They meet the small company criteria to fall under the FRS1 exemption.

    Previously they had to under the 1963 Act, as section 2(1)(a) of the 1986 Act didn't apply as the company wasn't trading for gain.

    Anyone see anything in the 2014 saying they have to prepare a cashflow?

    In September issue of AB Ireland. In the technical section it states " Designated activity companies and guarantee companies - and indeed any small company that is not a plc - can now file abridged accounts using the same rules as other limited companies. FRS1 states that a company that is small as defined by the companies act can advoid preparing a cashflow, so until they adopt FRS 102 such companies may cease preparing one "


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    #3
    kennyb3
    Registered Users Posts: 6,724 ✭✭✭kennyb3


    Much appreciated ants09.


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