It is best to have a copy of the company's profile in hand!

Information required for the preparation of unaudited accounts in Singapore.

General Information

• Name of the company
• Registration No of the company
• Financial Statement From DATE to DATE

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 (emloyed 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 accounts 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 $5 millions

An EPC must still file its Income Tax Return (Form C or Form C-S) , on or before 30 November the following year. (e.g. accounts ended in 2017 must file on or before 30 November 2018 ).

Form CS can be filed online and off line. The off line paper based filing will cease from YA 2020. So you need to learn to file Form CS YA on line ASAP..

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