Abridged accounts no longer an option for small companies from April 2027

25 June 2025 | posted in Accounting services Accounts preparation

From 1 April 2027, small companies and micro-entities will need to file profit and loss account statements with Companies House. Companies will no longer be able to prepare and file ‘abridged’ accounts.

The changes are being introduced under the Economic Crime and Corporate Transparency Act 2023 to combat money laundering and other fraudulent activity.

What’s changing?

Small companies

Currently, small companies can choose whether or not to send a copy of the director’s report and profit and loss account statement to Companies House.

From 1 April 2027 small companies will have to file a copy of the balance sheet, director’s report, auditor’s report (unless exempt) and profit and loss account statement.  Small companies will no longer be able to prepare and file ‘abridged’ accounts.

A company is ‘small’ if it has any two of the following:

• a turnover of £15 million or less
• £7.5 million or less on its balance sheet total
• 50 employees or less

Micro-entities

Currently, micro-entities only need to send a balance sheet to Companies House.
From 1 April 2027, micro-entities will need to file a copy of their balance sheet and profit and loss account statement.
A company is a micro-entity if it has any two of the following:

• a turnover of £1 million or less
• £500,000 or less on its balance sheet
• 10 employees or less

Implications of the changes

These changes will mean a loss of privacy for many small companies.  Filing abridged or ‘filleted’ accounts has been a way for businesses to keep some of their financial details private, but this won’t be an option in future.

From April 2027, detailed accounts for all companies will be publicly accessible via Companies House, and you’ll no longer be able to limit the amount of financial information that’s openly available (including to your competitors).
How Moore can help

• We can prepare and file the accounts on your behalf making sure you’re fully compliant with all regulations.

For further advice or support, please contact us.