Accounts disclosures - Limited companies
Accounts disclosures - Limited companies
The contents of each folder will vary. For an overview of icons, guidance notes, data entry and the formula inspector available in all entities, click on this link: Accounts disclosures - overview
Click on the > symbol or folder name to expand the folder to reveal its contents.
General folder - Limited (FRS105)
Employees
Click into the data entry box to enter the number of employees. The number of employees feeds through to the size and audit (UK) screen.
Size and audit (UK)
This area is for information only.
Client preferences
Expand this area to choose the relevant option.
- Defective financial statements
Select Yes if re-filing the financial statements - Signature lines
Select Yes if you wish to show the lines after the signing dates have been entered. - Submitting these accounts via iXBRL
If you are not including the principal activities, then select Yes, this will open a section for Extra items, enter the principal activities in plain text.
- Compliance terminology
If changing the terminology for the client, select the option required. - Single shareholder
Click to change the selection. - Filing options
In the Financial statements screen if you have selected Filing copy, certain pages will be excluded, if you wish to include them in the filing copy, make the relevant selections in filing options area within Client preferences. Click to open the relevant option and click the radio button to change from the default "No" to "Yes" to include.
General folder - Limited (FRS102)
The General folder in the FRS102 entity are as follows:
Select the appropriate option to change from the default of "No" to "Yes", if applicable. Size and audit (UK) is for information only.
The Client preferences folder is similar to that in the Limited FRS105 entity, defective financial statements are included in the General folder and not Client preferences. Additional options are as below, teh defaults for all are "No", change to "Yes" if required.
There are two subfolders "small company exemptions - options" and "small company filing copy" to enable you to make the options relevant to the particular set of accounts being prepared.
Strategic report (FRS102 only)
If there is a red dot beside this folder, it is being excluded, to include go to the override within the Client preferences folder.
Click to select options, expand sub-folders. Select, edit, remove or reset the paragraphs as required. The date of signing may be entered here or within the Signing dates folder.
Directors' report (FRS105 and FRS102)
Click to select / expand the relevant sub-folder. Select, edit, remove or reset the paragraphs as required. There are two data entry options for Other paragraphs if needed.
The date of signing may be entered here or within the Signing dates folder.
Accountants (FRS105 and FS102) or Auditors Report (FRS102)
This will depend on the setting in Client preferences, Expand this folder to select, edit or remove paragraphs and enter /view the date of signing the report.
Balance sheet options
The options will depend upon whether preparing accounts under FRS105 or FRS102.
Click on the relevant area. Answer the question posed or select, edit, remove or reset the paragraph / enter the date.
Example below of Limited (FRS105)
Notes to the financial statements
The notes in this area feed through to the balance sheet.
In addition to the notes provided there are spare notes. To activate a spare note enter a heading and text as indicated on screen.
Signing Dates
To enter dates, either type into the date field or select from the calendar. If you enter dates in this section, they will also appear in the individual folders.
The options are:
Management collection
The option to include schedules to the accounts are included within this section.
Lead Schedules
Click on this link for further information: Accounts disclosures - Folders