Abbreviated accounts: Difference between revisions
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imported>Doug Williamson (Broaden definition to include non-UK and non-Companies Act context.) |
imported>Doug Williamson m (Expand definition 2 for clarity.) |
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Similarly shortened accounts produced in other jurisdictions or for other purposes. | Similarly shortened versions of accounts produced in other jurisdictions, or for other limited purposes. | ||
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* [[Companies House]] | * [[Companies House]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 15:20, 20 July 2014
1.
UK Company law.
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.
2.
Similarly shortened versions of accounts produced in other jurisdictions, or for other limited purposes.
