Business, tax and funding
balance sheet total
In short and in plain language
The balance sheet total is the sum of all that a business owns.
It is shown in the balance sheet at the end of the business year.
It helps decide if a business counts as very small. Staff numbers and yearly turnover count too.
This matters, for example, for rules on access for disabled people.
Definition
The sum of all assets shown in a business's balance sheet at the end of the financial year. Together with staff numbers and annual turnover it helps decide whether a business counts as a micro-enterprise, for example under accessibility rules.