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enquiries@advaloremgroup.uk
01908 219100
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Ad Valorem

Ad Valorem

Treating your business like ours

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Audit

We provide a range of audit and assurance services to our clients, including voluntary and statutory audit, assurance reports and client money audits.

Statutory Audit

It is a requirement for private limited companies to have their annual accounts audited unless they meet exemption criteria. Smaller companies are often exempt from audit, if they meet two out of the three following criteria,

  • an annual turnover of no more than £10.2 million
  • total assets of no more than £5.1 million
  • 50 or fewer employees on average

Once a company size is established, these criteria must be met in both the current and previous financial year, in order to qualify for exemption. These limits apply for periods starting on or after 1st January 2016.

It is also worth noting that even if a small company meets the above criteria, they may still be required to undertake an audit. This may be if they are part of a group or a charity and are required to follow the charity audit thresholds, or is a requirement of the company’s articles of association.

Voluntary Audit 

Some companies who fall outside of compulsory audit criteria may decide to undertake a voluntary audit. There are a number of reasons why a company may decide to do this, including receiving the benefits of the audit process as outlined below. Not only will the company gain a full review of their systems and processes with suggested improvements, but as the company grows into the compulsory threshold, their accounts processes will be in great shape and the company will be used to the audit process. Receiving and going through a quality audit process will increase the trust of your stakeholders: customers, suppliers, shareholders, and potential investors. 

Audit Process 

If you require an audit, our experienced team will guide you through the audit process. We will undertake a review of your systems to enable us to fully understand how you operate. We not only assess how your business has performed but also identify any potential risks or weaknesses that could be impacting your growth and success. From this information we outline how these potential weaknesses can be improved upon. We are proud to be regulated by the ACCA and follow their high technical and ethical standards. 

If you would like to discuss our audit service, or have questions regarding the compulsory threshold, please do not hesitate to get in touch. 

Client Success

Helps me make the right decisions.

“I know I can count on Ad Valorem for sound and reasoned financial advice – the kind that helps me make the right decisions.” Neil […]

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Client Stories

SERVICES

Cloud
Accountancy

Bring your finances into real time with our Cloud Accountancy packages.

Tax
Services

Our specialist expertise ensures you pay the correct amount of tax with our tax planning and advice.

R&D
Tax Credits

Eligible for R&D Tax Credits? We can help identify your eligible projects and ensure all qualifying expenditure is captured within your claim, to save you the tax you deserve.

Wealth
Management

We can help maximise and protect your hard-earned wealth so that you can have financial freedom in your retirement.

Finance &
Banking

We can help with all aspects of corporate and personal finance.

Audit

We provide a range of audit and assurance services to our clients, including voluntary and statutory audit, assurance reports and client money audits. 

Innovative Financial Collaboration

Ad Valorem are a family run accountancy practice who are perfectly placed to help you with every financial aspect of your business. We focus on providing businesses and individuals with the best technology available, to ensure clients are operating as efficiently as possible, whilst fully understanding their financial position.

Based in Milton Keynes, Ad Valorem are one of the regions leading firms of accountants, auditors, tax and business advisors. We pride ourselves on having a proactive approach to compliance and advisory services, focusing on people and human experience ensuring we continuously communicate and have conversations with our clients to fully understand their motivations and ambitions.

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Keep in touch with us

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2 Manor Farm Court, Old Wolverton Road,
Wolverton, Milton Keynes MK12 5NN
01908 219100
enquiries@advaloremgroup.uk
  • About
    • About Ad Valorem
    • Meet the team
    • Work for us
    • Testimonials
    • Specialisms
    • Taylor Roberts
  • Services
    • Cloud Accountancy
    • Tax Services
    • R&D Tax Credits
    • Finance & Banking
    • Wealth Management
  • News & Insights
    • News & Insights
    • Contact Us
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