Statutory Audits In Canary Wharf

Millet Accountants are a leading accountancy company, specialising in financial and statutory audits.

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Expert Services from Millet Accountants

At Millet Accountants, we provide thorough and compliant statutory audits for businesses in Canary Wharf and the surrounding London areas. Our team understands the specific financial pressures and regulatory standards that companies operating in this part of the capital face. Whether you’re a growing business preparing for your first audit or a well-established firm looking to maintain compliance, we offer a tailored approach that meets the legal requirements while adding real value to your organisation. With years of experience and a strong reputation for clarity, trust and professionalism, we’re proud to serve a wide range of clients across various industries right here in Canary Wharf.

We believe statutory audits are more than just a legal requirement. They’re an opportunity to examine your business with a fresh pair of eyes, gain insights into your financial health, and identify areas where improvements could be made. With our office located close to the heart of Canary Wharf, we’re ideally positioned to support businesses across East London and Docklands. Our team of qualified auditors works closely with you to ensure the audit process is smooth, stress-free and completed on time. At Millet Accountants, we don’t just check the numbers – we make sure they tell the right story.

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Understanding Statutory Audit Requirements in the UK

A statutory audit is a legally required review of the accuracy of a company’s financial statements. In the UK, companies that meet certain size thresholds must undertake a statutory audit each financial year, in accordance with the Companies Act 2006. These thresholds are based on factors like annual turnover, the value of assets, and the number of employees. For many medium-sized and larger businesses in Canary Wharf, audits are not optional – they are essential to remaining compliant and maintaining transparency with shareholders, lenders, and regulators.

At Millet Accountants, we guide you through your obligations and ensure your business meets its statutory responsibilities in full. We understand that financial legislation can be complex, especially if you are managing rapid growth or entering new markets. Our auditors are experts in interpreting financial reporting standards and applying them correctly in your accounts. We also help you prepare the right documentation, meet key deadlines, and avoid any late filing penalties. When you work with us, you can be confident that your business is meeting all legal requirements while also putting its best foot forward to investors and partners.

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REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Accounting has helped with our client account audit recently and the service has been exceptional, good value for money and I have found them to be professional …

Charles Lyndon Solicitors

Grant Assurance – Andrew was very responsive, as the accountant report requested needed to be completed on a relatively tight timeline. He was quick to come back with any relevant queries and very pleasant to work with. I highly recommend working with Andrew for independent accountant reports!

Renuka Ramanujam

Charity Audit – I do recommend Millet Accountants, it was especially good experience working with Andrew, who was very professional and responsive. A trustworthy auditor to rely on.

C Yang

Independent Examination – Millet Accountant helped us enormously at short notice and we are extremally grateful to have been introduced to them. We are looking forward to continuing to build a long lasting professional relationship.

S Kalik

Compliance – I highly recommend the accounting services from Millet Accountants. The team was thorough, organised, and helped streamline my financial records. Their expertise ensured compliance and provided valuable insights for better financial management. A fantastic, reliable and efficient service.

J Stere

Recently moved to Millet Accountants and the service has been great. They made our recent accounts a very smooth and easy process. Would definitely recommend.

Dorothea A

Financial Audits – Delivering Clarity and Confidence

Financial audits form the core of any statutory audit service, and at Millet Accountants, we deliver these with the utmost care and professionalism. Our financial audits assess your income, expenses, assets, liabilities, and equity to ensure that your financial statements reflect a true and fair view of the company’s position. This provides peace of mind to directors and stakeholders and reinforces your organisation’s credibility with banks, investors, and regulatory bodies. In a financial hub like Canary Wharf, where transparency and trust are key, a well-executed financial audit can be a major asset.

We take a collaborative approach to financial auditing. From the start, we work with you to understand how your business operates, where your records are kept, and what internal controls you have in place. By getting to know your company in detail, we are able to carry out our work efficiently and with minimal disruption to your day-to-day operations. Our findings are clearly explained in a comprehensive audit report that highlights strengths, pinpoints any areas of concern, and suggests improvements where necessary. Whether you run a financial services firm, a property business, or a retail operation, our financial audits give you confidence in your financial reporting and provide assurance to those relying on your accounts.

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Personal, Local Service

At Millet Accountants, we offer a genuinely personal audit service in Canary Wharf, combining local knowledge with responsive support to ensure your business meets its obligations with confidence, clarity, and minimal disruption.

Expert Audit Insight

Our statutory audits do more than tick boxes. We provide clear, professional insight that highlights risks, identifies opportunities, and helps your business grow. Trust Millet Accountants to deliver audits that add real value to your company.

Tailored for Growth

Whether you’re a growing SME or a large private firm, we tailor our audit approach to suit your business. With us, you’ll receive practical guidance, detailed reporting, and consistent support every step of the way. Get in touch with our team today.

OUR SERVICES

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REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Accounting has helped with our client account audit recently and the service has been exceptional, good value for money and I have found them to be professional …

Charles Lyndon Solicitors

Grant Assurance – Andrew was very responsive, as the accountant report requested needed to be completed on a relatively tight timeline. He was quick to come back with any relevant queries and very pleasant to work with. I highly recommend working with Andrew for independent accountant reports!

Renuka Ramanujam

Charity Audit – I do recommend Millet Accountants, it was especially good experience working with Andrew, who was very professional and responsive. A trustworthy auditor to rely on.

C Yang

Independent Examination – Millet Accountant helped us enormously at short notice and we are extremally grateful to have been introduced to them. We are looking forward to continuing to build a long lasting professional relationship.

S Kalik

Compliance – I highly recommend the accounting services from Millet Accountants. The team was thorough, organised, and helped streamline my financial records. Their expertise ensured compliance and provided valuable insights for better financial management. A fantastic, reliable and efficient service.

J Stere

PEOPLE

Our Team

Highly trained
and skilled UK based team

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REGISTER OF STATUTORY AUDITORS

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Our Commitments

Integrity

Everything we do we do with the upmost integrity

Understanding

We will ensure we understand your business

Commitment

We will work with you to deliver an efficient audit

Life

We organise ourselves so that we can best balance life and work

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We are committed to developing our team

Career

We want our team to progress and reach their maximum potential

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The Benefits of Working with Local Audit Experts

Canary Wharf is home to some of the UK’s most dynamic businesses, many of which operate in fast-paced and highly regulated industries. Choosing a local audit partner like Millet Accountants gives you direct access to professionals who understand the business environment in this unique area. We’re not just another faceless firm – we’re part of the East London business community and we’re committed to helping our fellow businesses thrive. Our proximity allows us to respond quickly to client needs, attend on-site meetings when necessary, and build stronger, long-lasting relationships with our clients.

Our experience in statutory audits covers a broad range of sectors including finance, construction, professional services, and technology. We know that no two businesses are the same, and that’s why our audits are never off-the-shelf. We tailor our services to your size, structure and industry, ensuring every audit is relevant, insightful and constructive. Because we are based near Canary Wharf, we’re able to keep our finger on the pulse of local regulatory changes, market conditions, and best practices.

A Reliable and Efficient Audit Process

At Millet Accountants, we aim to make the audit process as straightforward as possible. We begin by holding a planning meeting where we outline the scope of the audit, agree on timelines, and request the necessary information. Our team works closely with your in-house finance staff to gather and review your financial records, test your internal controls, and perform a series of detailed checks. We use up-to-date auditing software and follow the latest UK auditing standards, so you can be sure your audit is being conducted thoroughly and professionally.

Once our fieldwork is complete, we produce a clear audit report that outlines our findings and confirms whether your accounts provide a true and fair view. We also offer a feedback session where we walk through our results and answer any questions you might have. If any weaknesses are identified, we provide practical recommendations on how to strengthen your financial controls or improve your reporting. Our audits are designed to be efficient without cutting corners. We understand the importance of meeting deadlines and ensuring you have everything you need to file your annual accounts on time. Contact us today.

Frequently Asked Questions

What is a statutory audit and who needs one?

A statutory audit is a legally required review of a company’s financial statements to ensure accuracy and compliance with UK accounting standards. Not every business needs one, but companies that exceed two of the following three thresholds usually do: a turnover of more than £10.2 million, assets over £5.1 million, or more than 50 employees. Even if you’re unsure whether your company meets these requirements, it’s always best to get professional advice. At Millet Accountants, we help businesses in Canary Wharf understand their audit obligations and stay compliant with confidence.

The duration of a statutory audit can vary depending on the size and complexity of your business, the quality of your financial records, and how prepared you are. Typically, a standard audit can take anywhere from two to six weeks, from initial planning through to the final report. At Millet Accountants, we pride ourselves on delivering audits efficiently without sacrificing quality. Our team works closely with you to minimise disruption and keep everything on track. We’ll agree on a realistic timeline at the outset so you always know what to expect at each stage.

To complete your statutory audit, we’ll need access to a range of documents, including your balance sheet, profit and loss account, general ledger, bank statements, payroll records, invoices, contracts, and any supporting notes or calculations. We may also request information on internal processes and financial controls. Don’t worry if that sounds overwhelming – our team will provide a clear list of what’s needed and guide you through the process. At Millet Accountants, we believe audits should be as straightforward as possible, and we’re always available to answer questions or help you gather the required information.

Yes, a statutory audit can be a valuable opportunity to gain deeper insight into how your business is performing. Beyond ensuring compliance, audits can highlight areas where financial processes could be tightened, reveal hidden risks, or suggest ways to improve efficiency. Many of our clients in Canary Wharf use the findings from our audits to make informed strategic decisions. At Millet Accountants, we don’t just deliver a report – we provide practical feedback and tailored recommendations that can help your business grow stronger and more financially secure in the long term.