I am now at the point where I have to start filing accounts with Companies House under the new regime. All my company clients are small companies and I will be preparing them under FRS 102 Section 1A. I must admit to being a bit confused about what I should be preparing and filing. I have done a lot of reading on this so I am not being lazy or anything. I just need some clarification. I am ok with the disclosure side of things; it's just the filing requirements.
- I need to prepare a full set of accounts with a detailed P&L so that I can present this to both the director/shareholder and to HMRC.
- I read somewhere that I need to file with Companies House the same set of accounts that I present to the shareholder. Surely this cannot be so, otherwise the detailed P&L would be on the public record.
- Am I correct in saying that I can file filleted accounts to Companies House in place of the full set that I have prepared for the shareholder?
- Where do abridged accounts fit into all this?
To my mind, I can prepare a full set including the detailed P&L and give this to the director/shareholder and attach it to the Company Tax Return. I can then file a filleted set to Companies House. Am I right or am I wrong?