News story

Accounts filing options for small companies

Changes to UK company law removed the option for small companies to file abbreviated accounts for accounting periods starting on or after 1 January 2016.

person holding wires

Small companies

If you’re a small company you have 4 options for filing your accounts:

Micro-entity accounts

You must meet at least 2 of the following:

  • turnover is no more than £632,000
  • balance sheet total is no more than £316,000
  • average number of employees is no more than 10

Abridged accounts

You must meet at least 2 of the following:

  • turnover is no more than £10.2 million
  • balance sheet total is no more than £5.1 million
  • average number of employees is no more than 50

Full accounts with us and HMRC

These joint accounts are suitable for small companies who are audit exempt and need to file full accounts to us and HMRC. You can also file your tax return with HMRC at the same time.

Dormant company accounts

These accounts are suitable for companies limited by shares or by guarantee that have never traded and can be filed using our WebFiling Service.

How to file your accounts

Micro-entity accounts:

To file micro-entity accounts you need to sign-in to our WebFiling service and choose the micro-entity accounts type.

Abridged accounts:

To file abridged accounts you have 3 options:

  1. Sign-in to our WebFiling service and choose the abridged accounts type.
  2. Use the Companies House-HMRC joint filing service. You’ll need a Government Gateway account and you can file your tax return to HMRC at the same time.
  3. Use third party software. This service benefits those who file regularly.

See our accounts guidance for more information.

Published 10 April 2017
Last updated 5 December 2017 + full page history
  1. WebFiling service added for abridged accounts.
  2. Added translation
  3. Updated the link to third party software.
  4. Added translation
  5. Image changed
  6. First published.