To give companies more time to prepare, changes to accounts filings originally planned for 1 April 2027 will now be implemented from 1 April 2028. The changes include:
• requiring small companies and micro entities to file profit and loss accounts with Companies House, but with the option to opt out of publishing this information on the public register
• requiring all companies to file their annual accounts via commercial software (in iXBRL format)
• removing the option for companies to file abridged accounts
• a strengthened eligibility statement for all companies claiming an audit exemption
• requiring component parts of the filed accounts and reports to all be filed together
• reducing the number of times a company can shorten its accounting reference period
We await details of how small and micro entities can opt out of publication of their profit and loss information. Â
If you have any queries please get in touch with Eimear Brown, Audit Partner T: 028 9032 3466 E: eimearbrown@bakertillymm.co.uk
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