Financial Audits in Sheffield

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

Get in Touch

Need a statutory or charity audit in Sheffield?

Whether your business needs a statutory audit under the Companies Act 2006, or your charity needs an audit or independent examination under the Charities Act 2011, our on-site audit service is built to support Sheffield organisations without delays or disruption. Companies that exceed two of three thresholds usually require a statutory audit: a turnover of more than £10.2 million, assets over £5.1 million, or more than 50 employees. Charities meeting the income threshold, or whose governing documents specify it, will also need an audit or independent examination.

Speak to our team and we’ll review your position and guide you through the process. Working alongside your team at your premises, we deliver every stage of the audit in person, in line with UK auditing standards, SORP, and Charity Commission guidelines.

Request A Callback

Statutory Audit Services for Sheffield Businesses

If your company exceeds certain thresholds related to turnover, balance sheet size or number of employees, a statutory audit becomes a legal requirement. For Sheffield businesses that need to meet these obligations, Millet Accountants provides full statutory audit services on site, combining professional standards with a thorough, hands-on approach.

We use secure, cloud-based systems to carry out all aspects of the audit. That includes gathering financial data, testing systems and controls, and conducting interviews or walkthroughs via scheduled video calls. This approach reduces the time and disruption often associated with audits while ensuring that every step complies with UK auditing standards.

Our team works with companies across a range of industries, and we tailor our audit procedures to reflect your business’s structure and internal processes. At the end of the audit, we provide detailed, practical feedback—not just a formal report—so you gain insights that support future improvements.

Get in Touch

Charity Audits and Independent Examinations in Sheffield

Charities in Sheffield, whether large or small, must adhere to strict reporting requirements under the Charities Act 2011. If your organisation meets the income threshold for a full audit or if your governing documents specify the need for an independent examination, Millet Accountants can help.
We specialise in delivering charity audits and examinations on site, ensuring compliance with SORP and Charity Commission guidelines. Working at your premises alongside your finance team, we assess your records, transactions and governance processes first hand, with any queries resolved there and then.
We understand that transparency is essential in the charity sector. Trustees, donors and regulators expect clear, accurate financial statements. Our team works collaboratively with your finance officers and trustees to ensure that your accounts reflect the values and responsibilities of your organisation.
Whether your charity is preparing annual reports, applying for grants or simply seeking assurance, we provide a thorough, respectful and accessible audit service from start to finish.

Contact Us Today

REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Audit 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 Audit, 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 Audit 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 Audit. 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 Audit and the service has been great. They made our recent accounts a very smooth and easy process. Would definitely recommend.

Dorothea A

OUR SERVICES

Our Expertise

London

Audit

Learn More

Independent Examination

Learn More

Assurance

Learn More

REVIEWS

Commendations from just some of our clients

CASS Assurance – Millet Audit 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 Audit, 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 Audit 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 Audit. 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

Meet the Team

Regulated by

ICAEW

Find us on

Auditors Register

REGISTER OF STATUTORY AUDITORS

We’re committed

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

Training

We are committed to developing our team

Career

We want our team to progress and reach their maximum potential

Recent Articles

Late Filing of Audited Financial Statements
Late Filing of Audited Financial Statements: Why Filing Unaudited Accounts May Create Bigger Problems

Late Filing of Audited Financial Statements Missing a Companies House filing deadline is never ideal. Directors are understandably keen to avoid late filing penalties, particularly where the accounts are only days...

Valuing Share Options in Private Companies
Valuing Share Options in Private Companies

Valuing Share Options in Private Companies: Methods and Audit Considerations Introduction Many private companies use share option schemes to attract, motivate and retain key employees. Whether the scheme involves EMI options,...

The New Era of Charity Accounting
Charity Audit Management Letters: How Trustees Should Respond to Findings

The signed audit report is the public outcome of a charity audit, but it is not always the document that drives the most operational improvement. Auditors often issue a separate management...

Charity Cash Flow
What Documents Are Needed for a Charity Audit?

One of the first questions asked by a charity preparing for an audit is what documents the auditor will need. The simple answer is that the evidence must support the figures,...

Money jar full of coins for charity and a couple of heart shapes
How to Prepare for a Charity Audit: A 12-Week Timeline

Preparing for a charity audit is easier when it is treated as a project with owners, milestones and review time. The work should not begin when the auditor sends the first...

Charity Audit
Charity Audit Guide & Checklist for UK Charities

Charity audits sit at the meeting point between financial reporting, governance and public trust. For trustees, chief executives and finance teams, the process is not simply an annual inspection of the...

Revenue Recognition for Small Charities
Revenue Recognition for Small Charities: What the New Charity SORP Means in Practice

Revenue Recognition for Small Charities:   For many small charities, income recognition has traditionally been one of the most challenging areas of financial reporting. Trustees often need to determine whether grants, donations,...

FRS 102 Revenue Recognition Changes:
FRS 102 Revenue Recognition Changes: What Businesses Need to Know

FRS 102 Revenue Recognition Changes: Executive Summary The amendments to FRS 102 effective for accounting periods beginning on or after 1 January 2026 represent one of the most significant changes to...

The New Era of Charity Accounting
White Paper: The New Era of Charity Accounting and Reporting

Understanding SORP 2026 and the New Charity Accounting Thresholds – The New Era of Charity Accounting and Reporting  Executive Summary The UK charity sector is experiencing the most significant change to...

Why Sheffield Clients Choose Millet Accountants

Businesses and charities in Sheffield choose Millet Accountants because we provide clear, practical and compliant audits without unnecessary complexity. Our clients appreciate the thoroughness of our on-site service, and the depth of expertise we bring from years of working with regulated organisations across the UK.

We take time to understand your organisation’s unique structure and goals, so that we can offer an audit process that feels smooth, structured and supportive. Whether you’re going through your first statutory audit, responding to Charity Commission requirements, or simply seeking independent financial assurance, we adapt our approach to match your needs.

With fixed-fee pricing, simple communication and transparent timelines, we make sure there are no surprises. Our aim is not only to help you comply with regulations, but to build your confidence in your financial reporting and internal controls.

Book Your Financial Audit in Sheffield Today

If your company or charity is based in Sheffield and needs a statutory audit, charity audit or independent examination, Millet Accountants is ready to support you. Our thorough on-site audit process means you can access high-quality, UK-based audit expertise delivered in person at your premises, without delays or disruption.

From limited companies to registered charities, we serve a wide range of clients in Sheffield and the surrounding area. Whether you’re new to audit or looking to switch providers, we offer a straightforward, supportive experience from start to finish.

Get in touch today to book a free consultation and discover how Millet Accountants can help you meet your audit obligations with clarity, professionalism and ease.

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 Audit, we help businesses in Islington 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 Audit, we pride ourselves on delivering audits efficiently without sacrificing quality. Our team works closely with you on site, planning each visit around your operations 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, as our team will provide a clear list of what’s needed and guide you through the process. At Millet Audit, 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 Islington use the findings from our audits to make informed strategic decisions. At Millet Audit, 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.