Abbreviated accounts: Difference between revisions

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imported>Doug Williamson
m (Wiki/Gloss Law/Fin reg check:Reworded - medium sized companies have to fulfill certain requirements that don't apply to small business. See companies house: http://www.companieshouse.gov.uk/companiesAct/implementations/apr2008AccStatement.shtml)
imported>Doug Williamson
(Reduce detail, now transferred to Abridged accounts page.)
 
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''UK Company law''.  
Abbreviated accounts are accounts which contain less information than full accounts.


In order to reduce administrative burdens on small companies in the UK, they are not required under UK company law to produce full accounts for public filing at Companies House. 
Also known as 'abridged' accounts.
Instead they are allowed to prepare and file shorter-form 'abbreviated accounts'.


Medium sized companies can also file abbreviated accounts if they fulfill certain requirements.
However, fuller-form and more detailed company accounts are still required for other purposes.  For example for tax purposes and for reporting to the shareholders.


== See also ==
== See also ==
* [[Abridged accounts]]
* [[Accounts]]
* [[Accounts]]
* [[Companies House]]


[[Category:Accounting_and_Reporting]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Regulation_and_Law]]
[[Category:Compliance_and_audit]]

Latest revision as of 18:04, 16 March 2016

Abbreviated accounts are accounts which contain less information than full accounts.

Also known as 'abridged' accounts.


See also

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