Abridged accounts
From ACT Wiki
Abridged accounts (or abbreviated accounts) are accounts which contain less information than full accounts.
Most financial reporting systems allow smaller and medium-sized organisations to report more limited financial information in this way for some purposes, in order to reduce the administrative burdens on them.
However, fuller-form and more detailed accounts are normally still required for other purposes. For example, for most tax purposes and for reporting to shareholders.
