Audit and Technical Partner at Leavitt Walmsley Associates Limited
Steve Collings, FMAAT FCCA is the audit and technical partner at Leavitt Walmsley Associates Ltd where Steve trained and qualified. Steve became a member of the Association of Accounting Technicians in 2001 and qualified as a Chartered Certified Accountant in 2005. In 2010 Steve became a Fellow of the Association of Chartered Certified Accountants.
Recent Articles
The Financial Reporting Council (FRC) issued its amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in March 2024. The amendments become mandatory for accounting periods commencing on or after 1 January 2026. The two headline changes, of course, relate to lease accounting and revenue recognition. This article […]
On 9 June, Companies House confirmed that small and micro-entities will be required to file profit and loss accounts from April 2028. This issue has caused much debate and opinions are divided. The requirement for small and micro-entities to file profit and loss accounts is part of a wider package of accounts reforms. These reforms […]
The periodic review amendments finalised by the Financial Reporting Council (FRC) in March 2024 have begun to take effect. Of course, the two ‘headline’ changes relate to the new lease accounting requirements for lessees under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (which do not apply under FRS […]
The move to on-balance sheet lease accounting for most leases for lessees will begin this year. Since the Financial Reporting Council (FRC) finalised its amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, Section 20 Leases, there have been several questions concerning the issue. This article seeks to […]
The Financial Reporting Council (FRC) has issued a couple of updates which will affect some preparers and auditors. While the periodic review amendments, which were finalised in March 2024, are only coming into effect this year, any emerging issues beyond the periodic review cycle (currently around every five years) may be dealt with as an […]
The periodic review of UK and Ireland accounting standards which was finalised by the Financial Reporting Council (FRC) in 2024 was given significant prominence throughout 2025 due to the impact the changes will have on entities’ financial statements. The two ‘headline’ areas that dominate the periodic review are in respect of lease accounting and revenue […]
As 2025 draws to a close, 2026 looks to be another busy year in the world of accountancy and tax with various changes being implemented and updates to regulation and legislation beginning to take effect. Periodic review amendments As has been widely publicised, the Financial Reporting Council (FRC) issued its periodic review amendments to UK […]
In March 2024, the Financial Reporting Council (FRC) finalised its periodic review of UK and Ireland accounting standards. The amendments arising from this review apply to accounting periods commencing on or after 1 January 2026. Early adoption is permissible provided all the periodic review amendments are applied at the same time. Consequently, the SORP-making bodies […]
Many businesses take out loans for a variety of reasons. Some will take them out to provide working capital; others may take them out to acquire fixed assets and others may take them out to acquire another business. Whatever the reason, the loan must be accounted for correctly in accordance with accounting standards. This article […]
At a Regional Investment Summit in Birmingham on 21 October 2025, the Chancellor, Rachel Reeves, announced plans to scrap paperwork and cut red tape for thousands of UK businesses. These plans are part of a raft of changes which aim to save businesses almost £6 billion per year. Simpler corporate reporting rules are planned in […]
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New book published: Group Accounts under UK GAAP
My latest book, Group Accounts under UK GAAP was published on 8 June 2022 by Bloomsbury Professional. I wrote this book to help aid practitioners and preparers of consolidated financial statements under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in preparing technically compliant group accounts. The requirement for […]
Accounts and Audit of Limited Liability Partnerships
Purchase this book. Accounts and Audit of Limited Liability Partnerships, Fourth Edition offers comprehensive guidance on how to apply UK GAAP to limited liability partnerships, clearly explaining the new requirements resulting from the implementation of FRS 102. The principles and practice of accounting for members’ interests, retirement benefits and groups are also addressed in detail. […]
Steve publishes his seventh book!
Leavitt Walmsley Associates’ Technical Director and acclaimed author, Steve Collings, published his seventh title on 11 February 2014. Co-authored, and published by Bloomsbury Professional, the book entitled Financial Reporting for Unlisted Companies in the UK and Republic of Ireland deals with the biggest overhaul of accounting rules in the last 40 years. Recently awarded the accolade […]
