Companies House Confirms Accounts Filing Changes from April 2028

What’s changing?

• Abridged accounts abolished
  Companies will no longer be able to file simplified abridged accounts. 
• Software-based filing
  All companies will need to file accounts using commercial software, as part of the move toward fully digital filing.
• Profit and loss accounts required
  Small companies and micro-entities will be required to file profit and loss (P&L) accounts with Companies House.
• Opt out of public disclosure.                                                                                                                                         Businesses will be able to opt out of having their P&L accounts published on the public register, although they must still be filed.

What this means for your business

These reforms will require more detailed financial information to be prepared and submitted as part of annual accounts, even if not all of it is made public.

While the opt-out provides reassurance around commercial sensitivity, Companies House, HMRC and enforcement bodies will still have access to the full financial data.

Preparing for the changes

Although implementation is not until 2028, businesses should begin reviewing their accounting processes and ensuring they are ready for more detailed reporting requirements.

At Pierce, we can help you understand how these changes affect your business and ensure you are fully prepared ahead of the transition. Contact the team today at enquiries@pierce.co.uk