company accounts
This month we’re pleased to introduce an exciting and much requested new feature. Subscribers using their own presenter code can now upload an iXBRL-tagged company accounts file to Inform Direct and authorise us to submit this…
The balance sheet explained: Liabilities
This article gives some simple examples of how to break down liabilities on the balance sheet for a UK company. It deals with micro-entity accounts because they are the simplest example. Also, micro-entities are by far the most…
The balance sheet explained: Assets
This is an introduction to classifying items in the assets section of the balance sheet for a micro-entity, the smallest type of company. It’s a good place to start because it’s one of the simplest forms of company accounts,…
The income statement (profit & loss account) explained
This guide will help you understand the income statement (profit and loss account) for small companies and micro-entities. It covers how to get your income statements filed on time with Companies House and HMRC and be compliant…
What is a balance sheet?
A balance sheet is a key financial statement that provides a snapshot of a company’s financial position at a specific point in time. An alternative name for it is a ‘statement of financial position’. In…
Is your subsidiary company exempt from audit?
Most small standalone UK companies will qualify for exemption from audit. However, there are additional requirements that you must consider if your company is a member of a group.…
2025 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2024, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website