“Unaudited Financial Statement in Singapore …”

Do You Know how to compile UFS (unaudited financial statement in Singapore?

It is best that the client provides a copy of the latest business profile of the company!

Information required for the preparation of unaudited financial statement in Singapore are as follows:

General Information

Name of the company
Registration No (UEN) of the company
Financial Year End (FYE)
Statement by Directors
Full name of directors in office
Principal Activity of the company
Directors’ Shareholdings
Name of Directors to sign the annual accounts Financial Statements
Currency used if it is not S$
Authorized & Issued Capital of the company (e.g. 10,000 shares of $1 each)
Bank statements
Any director fee to be paid
Dividend to be paid from retained earnings
Notes to the Financial Statements
The address of the company’s registered office.
The date when the board of directors authorized the financial statements to be issued.
Any purchase of fixed assets

All exempt private companies limited by shares (EPC) and small companies with a yearly turnover of less than $10 millions (employed less than $10 millions in assets and less than 50 employees) are not required to have their accounts audited by qualified auditors. Instead they will prepare unaudited financial statement (UFS) for the AGM and for filling with ACRA.

An exempt private company is defined under section 4(1) of the Company Act as a company which has not more than 20 shareholders and its shares are not held by another company and have a revenue of not more than $10 millions

An EPC must still file its Income Tax Return (Form C or Form C-S) online, on or before 15 December the following year. (e.g. accounts ended in 2020 must file on or before 15 December 2021).

Just give us a call at 9489-9429 now if you need help to prepare unaudited Financial statement and tax returns for your company.