http://www.legislation.gov.uk/ukpga/2006/46/section/475/enactedCompanies Act 2006LegislationLocal GovernmentReference LibrariesKing's Printer of Acts of Parliament2021-08-04 Part 16AuditChapter 1Requirement for audited accountsRequirement for audited accountsRequirement for audited accounts 475 1 A company’s annual accounts for a financial year must be audited in accordance with this Part unless the company— a is exempt from audit under— section 477 (small companies), or section 480 (dormant companies); or b is exempt from the requirements of this Part under section 482 (non-profit-making companies subject to public sector audit). 2 A company is not entitled to any such exemption unless its balance sheet contains a statement by the directors to that effect. 3 A company is not entitled to exemption under any of the provisions mentioned in subsection (1)(a) unless its balance sheet contains a statement by the directors to the effect that— a the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, and b the directors acknowledge their responsibilities for complying with the requirements of this Act with respect to accounting records and the preparation of accounts. 4 The statement required by subsection (2) or (3) must appear on the balance sheet above the signature required by section 414.