What are the requirements regarding reporting and accounts?
Gibraltar companies are required to file accounts annually. Depending on the size of your business, the reporting requirements change. A small company i.e. a Company which meets any two of the following: net turnover less than £ 4.8 million; balance sheet totals less than £ 2.4 million; and an average number of employees of less than 50 persons, must file an abridged balance sheet. A medium sized company i.e. a Company which meets any two of the following: net turnover less than £ 19.2 million but more than £ 4.8 million; balance sheet total less then £ 9.6 million but more than £ 2.4 million and an average number of employees of 250 or less but more than 50 persons. They must file a balance sheet and an abridged profit and loss statement along with an auditor’s report. A large company i.e. a Company which meets any two of the following: a net turnover in excess of £ 19.2 million; a balance sheet total in excess of £ 9.6 million and an average number of employees of 250 or more per ann
