Hello Hassan, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Audit requirement is [source: Gov UK Web Site]:
'Your company may qualify for an audit exemption if it has at least 2 of the following:
- an annual turnover of no more than £6.5 million
- assets worth no more than £3.26 million
- 50 or fewer employees on average'
There is no statutory requirement regarding books of account save that they must be capable of showing a true and fair view of the company's affairs.
You will presumably set up a private limited company in the UK to operate in that country.
You can find a general guide as to how accounts should me maintained and presented:
The only statutory registration is with Companies House. Any company formation boutique does this for you anyway. You have to make an Annual Return and also a Corporation Tax Return. The latter provides an ability for the abbreviated accounts to be extracted for Companies House and filed together with the tax return.
Companies are not subject to Income Tax, but Corporation Tax. I presume that you will employ local professionals to run the accounts.
I do hope that I have shed some light on your question.