Upcoming Changes to Small Company Accounts

Companies House has announced significant changes coming into effect on 1st April 2027, under which small companies will no longer be able to file filleted (formerly called abbreviated) accounts.

Instead, all companies will have to file accounts that include a Directors’ Report, Statutory Profit and Loss Account, and associated notes.

The only pages that may be omitted will be the Accountants’ Report and the Detailed Profit and Loss Account.

As a result, from that date, the company’s Profit (or Loss) for the financial year will be publicly disclosed within the filed accounts.

Additionally, from 1^st April 2027, all companies will be required to submit their accounts digitally, as paper copies will no longer be accepted. Another key change is that companies will only be permitted to shorten their year-end once every 5 years. This differs from the current rules, which only restrict extending the year-end once every 5 years.

If you have any questions about the changes that have been announced, Contact Us and we will be happy to provide advice and assistance.