Member Since: 9th Jan 2017
21st Dec 2017
Many thanks Richard for a very useful article.
I've just prepared some micro-entity accounts and have presented the Balance Sheet (statement of financial position) in accordance with Format 1 set out in Section C of Part 1 of schedule 1 to the small companies regulations.
However, any micro entity accounts I've pulled from Companies House shows just 3 lines of information (current assets, creditors falling due within one year and capital & reserves). For example, there is just one line for current assets whereas format 1 shows current assets on one line and prepayments and accrued income on another.
The level of detail per Formats 1 and 2 in FRS 105 is not showing on those accounts filed with Co.s House. I'm assuming it must be okay to prepare accounts without the detail set out in FRS 105?
Wishing you Christmas cheer!