Abbreviated Accounts Preparation London
Expert abbreviated accounts preparation. Abbreviated accounts for small companies under UK GAAP, providing simplified reporting while maintaining compliance with Companies Act requirements. Contact our abbreviated accounts team today.
Abbreviated Accounts Preparation
Expert abbreviated accounts preparation. Abbreviated accounts for small companies under UK GAAP, providing simplified reporting while maintaining compliance with Companies Act requirements. Abbreviated accounts reduce the disclosure requirements for small companies, making them simpler and quicker to prepare while still meeting regulatory standards.
What are Abbreviated Accounts?
Abbreviated accounts are simplified accounts for small companies:
- Small Company Eligibility: Available for companies meeting small company criteria
- Reduced Disclosure: Reduced disclosure requirements compared to full accounts
- Companies House Filing: Filed with Companies House instead of full accounts
- Regulatory Compliance: Still compliant with Companies Act requirements
Small Company Criteria
A company qualifies as small if it meets at least two of the following criteria:
- Turnover: £10.2 million or less
- Balance sheet total: £5.1 million or less
- Average number of employees: 50 or fewer
Abbreviated Accounts Preparation Services
- Abbreviated Accounts Preparation: Complete preparation of abbreviated accounts
- Simplified Balance Sheet: Simplified balance sheet with reduced disclosure
- Simplified Profit & Loss Account: Simplified profit & loss account (optional for small companies)
- Companies House Filing: Filing of abbreviated accounts with Companies House
- HMRC Corporation Tax Return: Corporation tax return preparation aligned with abbreviated accounts
- Small Company Compliance Reviews: Reviews to ensure ongoing small company eligibility
Abbreviated Accounts vs Full Accounts
Understanding the differences helps determine which is appropriate:
- Abbreviated Accounts: Reduced disclosure, simpler preparation, suitable for small companies
- Full Accounts: Full disclosure, more detailed, required for medium and large companies
- Companies House: Abbreviated accounts can be filed with Companies House
- Shareholders: Shareholders may still require full accounts
Why Choose Acumon for Abbreviated Accounts?
- Extensive experience in abbreviated accounts preparation
- Deep understanding of small company criteria and eligibility
- Efficient, cost-effective preparation that meets regulatory deadlines
- Clear, simplified reporting tailored to small company needs
- Ongoing support and advice on small company matters and eligibility changes
- Seamless transition to full accounts if your company grows beyond small company thresholds
Integration with Other Services
Our abbreviated accounts preparation services integrate seamlessly with our other services:
- FRS 102 Accounts Preparation - FRS 102 accounts if you grow beyond small company thresholds
- Accounts and Bookkeeping Services - Supporting bookkeeping for abbreviated accounts
- Tax Advisory Services - Tax planning aligned with abbreviated accounts
Next steps
Get in touch with our abbreviated accounts team to discuss your abbreviated accounts requirements. Our experienced team will provide expert abbreviated accounts preparation services tailored to your small company needs.