Yes. When you use Inform Direct to produce micro-entity accounts for your limited by guarantee company you have the option to include an additional balance sheet note disclosing details about the guarantee provided by members.

To make this quick and easy to do, we offer draft wording to get you started (see below), or you can enter your own text to fully tailor the note to the circumstances of your company.

Members’ guarantee note (sample wording):

‘The company is limited by guarantee of members and does not have a share capital. The liability of each member is limited to £X.’