Abbreviated accounts: Difference between revisions

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.

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+Abbreviated accounts are accounts which contain less information than full accounts.
-''UK Company law''.
+Also known as 'abridged' 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.
-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.
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-Similarly shortened versions of accounts produced in other jurisdictions, or for other limited purposes.
 == See also ==
+* [[Abridged accounts]]
 * [[Accounts]]
-* [[Companies House]]
 [[Category:Accounting,_tax_and_regulation]]
 [[Category:Compliance_and_audit]]