What is the difference between Filleted and Abridged accounts?
- Article ID
- ias-12365
- Article Name
- What is the difference between Filleted and Abridged accounts?
- Created Date
- 22nd December 2016
- Product
- IRIS Accounts Production
- Problem
- What is the difference between Filleted and Abridged accounts?
- Resolution
- Filleted accounts is the phrase used to describe financial statements which can be submitted to Companies House under s444 of the Companies Act 2006 e.g. where a company opts not to file a profit and loss account (and related notes) and/or directors’ report. Please refer to KB IAS-12364 for further details. Abridged accounts refers to financial statements that include an abridged balance sheet and/or abridged profit and loss account (income statement) pursuant to paragraph 1A of Part 1 of Schedule 1 to the Small Companies Regime. Note: Abridgment would apply to BOTH the financial statements for the members (full) AND the registrar (under s444 e.g. filleted). Please refer to KB IAS-12366 for further details. The following links also provide useful information: accounts advice for small-companies . filing options FAQs .
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