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Contents to include in the accounts

The contents of the statutory accounts can be chosen using the Contents tab of the accounts preparation page, which includes the following sections:

  • Status of the accounts
  • Contents to include
  • Signature
  • Options

Status of accounts

  • ‘Type’ Select the type of accounts from the drop down list.
    • ‘Small company (FRS 102 Section 1A)’. FRS 102 formats are compulsory for accounting periods starting on or after 1 January 2016 for those companies which are not eligible to use the Micro-entity regime or where further detail is regarded as useful.
    • ‘Micro-entity company (FRS 105)’ FRS 105 formats are compulsory for accounting periods starting on or after 1 January 2016 which are using the Micro-entity regime.
    • A company can be a micro-entity if it has any two of the following: a turnover of £632,000 or less, £316,000 or less on its balance sheet or fewer than eleven employees.
  • ‘Full or Abridged Accounts’ select from the drop down list if you want full accounts or abridged accounts
  • ‘Status’ Select from the drop down list Draft, Final or Approved ‘
    • Draft‘ indicates that the accounts are not yet complete. If the option Mark draft accounts with watermark is ticked then draft accounts will be stamped with a DRAFT watermark (which can be removed in the Options section).
    • ‘Final’ the accounts are complete and ready for client approval.
    • ‘Approved’ the accounts have been approved by the client and are ready for filing.

Contents to include

  • ‘Cover sheet‘ tick to include a front page/title sheet. Click ‘Edit‘ button on the right to change the title on the cover sheet.
  • ‘Table of contents‘ tick to include a table of contents in the output. This lists the items included and their relevant page numbers
  • ‘Company / business / LLP information’ tick to include a Company, Business or LLP Information page in the output.
  • ‘Accountants report’ select the Edit button and select from the drop down list the format of the accountants report to be included i.e. ACCA, ICAEW etc.. Enter the date of the accountants report and also the date of the engagement letter if you want to include the optional paragraphs. Tick the box if you want the accountant report included when submitting filleted accounts.

‘Contents to include’ relevant to companies only

  • Directors’ report (required)’ this option is always ticked. Click Edit button to enter text for the report, for Principal Activity, Political donations, Qualifying third party indemnity provisions and Employment of disabled persons.
  • ‘Statement of income and retained earnings’ select the edit button to add additional information to be disclosed. Ensure that the restated amount is entered into the trial balance, then complete the values for ‘Adjustment for changes in accounting policy‘ and ‘Correction of material errors’ and add any additional notes for the explanation of material error(s).
  • ‘Statement of other comprehensive income‘
  • ‘Statement of changes in equity’ select the edit button to add additional information to be disclosed. Ensure that the restated amount is entered into the trial balance, then complete the values for ‘Adjustment for changes in accounting policy‘ and ‘Correction of material errors’ and add any additional notes. This section will be used to disclose prior year changes on FRS 102 accounts
  • ‘Detailed profit and loss‘ this will be included at the end of the accounts and does not form part of the statutory accounts.

‘Contents to include’ relevant to sole traders and partnerships

  • ‘Signature page‘ include a signature page for the sole trader to approve the accounts, select the edit button to amend the details of the signatory name and to enter the date of signature.
  • ‘Include balance sheet‘ tick this option to include a balance sheet with the accounts.

‘Contents to include’ relevant to LLP’s

  • ‘Members’ report’ tick to include a members report, when ticked a new tab opens where selections relating to the content required can be selected, this is also accessed by clicking on the edit button. Refer to Members report for additional support.
  • ‘Reconciliation of members’ interests’
  • ‘Detailed profit and loss‘ this will be included at the end of the accounts and does not form part of the statutory accounts.

Signature

This section applies to companies & LLP’s.

  • ‘Name of director signing balance sheet‘ or ‘Designated member signing the balance sheet‘ select the director/ member who will be signing the balance sheet.
  • ‘Date approved by the board‘/ ‘Date approved by the members’ enter the date of approval by the board/ members

Only a current director can sign the balance sheet.

Options

  • ‘Show comparative column‘ remove the tick from this box to hide the comparative figures in the report. Note that if no comparative period dates have been input then the comparative column will automatically be excluded.
  • ‘Mark draft accounts with watermark‘ when this box is ticked and the accounts status is set to Draft then the accounts will be stamped with a watermark to indicate they are draft accounts. When the accounts status is changed to Final or Approved then the watermark will not be included.