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Book A Free FRS 102
Discovery Call

FRS 102 lease accounting has changed. Understanding what these changes mean for your business before they impact your accounts is key.

The impact could extend to:

• Balance sheets
• Cash flow
• Budgets and forecasts
• Profit measures, including EBITDA
• Financial ratios, including liquidity, gearing and covenant calculations
• Company size and audit status
• Earn-out calculations in acquisitions

If you haven’t assessed the impact yet, now is the time to understand what the changes mean for your business.

Our FRS 102 Lease Accounting Health Check can help

Following an initial discovery call, our FRS 102 specialists will assess how the new lease accounting requirements affect your business and accounts.

We’ll help you understand:

• Which leases and accounting areas are affected
• The potential impact on your financial statements and key measures
• What needs to be addressed in your current accounting and reporting
• Any implications for your next audit or reporting period

And if the changes aren’t likely to have a significant impact on your business, we’ll tell you that too.

Get clarity on your FRS 102 position and make sure there are no surprises at your next year-end.

Book your free FRS 102 discovery call today.

Diccon Thornely

London

Diccon Thornely

I have worked in Audit for nearly 20 years with extensive experience and specialisms in providing audit services for all sizes of Private, Public and Not-For-Profit organisations. I trained and qualified (ACA) with Grant Thornton and have worked with clients in a number of sectors – reporting under UK GAAP, IFRS and SORPs.

Across my career, I have obtained a wealth of experience working with international organisations spending time with clients and teams across the globe. I am familiar with working on both Full list and AIM listed entities, while also having years of experience with PE backed organisations. I have now worked in the Not for Profit sector for over 15 years across Higher Education, Charities and membership organisations. Following 12 months in Grant Thornton’s National Assurance Services team, working with both the Financial Reporting and Ethical Functions, I was an RI working in both Not for Profit and Technology, Media and Telecoms before moving to Sedulo in January 2023 to lead the audit function and build on the established client base. I joined HW Fisher in 2025 as an Audit Partner having successfully doubled the size of the Audit Team at Sedulo and implemented significant quality focused change.

I have presented at the British University Finance Directors’ Group conference and regularly give training in Financial Reporting across both UK GAAP and SORPS (HE and Charity).

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