Whilst FRS105 (Micro Accounts) does not require it, we are of the opinion that a note/policy disclosing the effects of covid 19 (and Brexit) would be “useful” in all company accounts. We can insert it in FRS102 and FRS 102a accounts but not in FRS105.
Is it possible to permit this to be done for FRS105 accounts – even if it is on the directors report or better still as an “add on” under the directors responsibilities (which we can add under FRS105 accounts) especially as those responsibilities refer to the “policies selected and used” and the “going concern basis”.
Alec Burgess
