Final accounts for FRS102

When a company is ceasing trading and being closed, there is no requirement to enter a cessation date – although you will need to end the accounts on this date.  You can enter the fact that you are using a breakup basis within the policies.

This is accessed via the Policies tab within the accounts, click on + Add a new policy or paragraph…  

Select ‘Going concern’ policy.  

You should then choose Break-up basis from the drop-down list, under Preparation and enter an explanation in the free text field available.