Audit & Accounts


The derivation of Audit is from the Latin “audire” to hear, when in ancient times, auditors listened to oral reports of responsible officials. Carrying out an audit has evolved many times over since those days.

The Audit which we can offer is a valuable and useful tool to Directors and Owner-Managed businesses and there will be tangible benefits arising from the Audit.

Who would we Audit?

  • Limited Companies which require an Audit under the Companies Act 2006
  • Companies which do not require a Statutory Audit but want a Voluntary Audit or are required to undergo an Audit by their Bank
  • Other Entities which require an Audit for regulatory reasons, including Charities and Solicitors
  • Reports under the Co-operative and Community Benefit Societies Act 2014

What are the benefits of an Audit?

  • Where applicable, being able to acknowledge compliance with all statutory requirements
  • The provision of a financial report on the overall health of the Entity
  • Providing an extra layer of comfort to various Stakeholders, including customers and suppliers
  • Enhanced status as an Entity which has been audited
  • For a Limited Company, receiving a (3 page) Report which confirms that the Financial Statements give a true and fair view of the state of the Company’s affairs, that they have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and have been prepared in accordance with the requirements of the Companies Act 2006.
  • Receiving an insight from us into any business risks identified during the Audit or Internal Controls identified which related to the Audit, with recommendations as to how to rectify or improve

At Elliot, Woolfe and Rose we believe that benefits will arise from an annual audit. Part of our ultimate aim is not only to guarantee that you meet all statutory requirements, but help to ensure that your business can achieve its best performance in an ever competitive environment.


Every UK business is required to complete Accounts which then form the basis for calculating  the amount of tax payable.

These Accounts are also important from an individuals perspective. Not only do they provide you with information about the profitability and stability of your business, they can also help when requesting finance, both personally and for the business.

Whatever the size of your business, we look to help you improve your profitability.

For more information about how we can help in the preparation of your Accounts please contact us.