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Micro Entity Detailed Balance Sheet

General Q: To attach to CT600 or not?

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When submitting CT600 for micro entities preparing accounts under FRS 105, although not required, what are Members thoughts in regard to attaching to the CT600 the Detailed Balance Sheet and where appropriate to also insert additional explanatory notes for such items as say Investments, Other Debtors, Other Creditors etc.  

Members thoughts on this would be much appreciated.

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By Paul Crowley
25th Mar 2021 14:05

Micro accounts are intended to be note free simple accounts.

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By Wanderer
25th Mar 2021 14:14

cura wrote:

Members thoughts on this would be much appreciated.

Pointless.
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RLI
By lionofludesch
25th Mar 2021 14:17

No.

Definitely not.

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Melchett
By thestudyman
26th Mar 2021 09:07

Welcome to your first post since your registration 10 years ago!

Micro entity accounts are indeed intended for the most simple disclosure circumstances, and often more than enough as businesses do not wish to disclose more than the minimum.

If the other requirements are indeed necessary or demanded for, then consider preparing FRS102 accounts.

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By BigBadWolf
26th Mar 2021 16:26

No! Why give HMRC more information than necessary.

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By cura
26th Mar 2021 17:17

Many thanks good people.
Much appreciated.

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