Companies House will start streamlining the accounts filing options for small and micro-entity companies with the abolition of abridged accounts from 1 April 2027 and new more demanding reporting requirements. 

Micro-entities will be required to file a copy of their balance sheet and profit and loss account at Companies House.

Small companies will be required to file a copy of balance sheet, directors’ report, auditor’s report (unless exempt) and profit and loss account.

The higher level of disclosure will improve transparency as companies will no longer be able to prepare and file abridged accounts, which must contain a simpler balance sheet, along with any notes. Currently, filing using this method has the benefit of not requiring a simpler profit and loss account or a copy of the director’s report.