New Companies House Filing Rules - What You need To Know
If you’re a small or micro-entity company, you may have heard that Companies House is making some big changes to how accounts are filed - starting from 1 April 2027. These changes are part of the Economic Crime and Corporate Transparency Act.
Here’s our simple breakdown of what’s changing and how to stay compliant.
Software-only filing is coming
From 1 April 2027, all accounts must be filed using commercial filing software.
Web and paper filing will no longer be allowed for accounts submissions. At Beaver & Bee, we already submit accounts using software so there will be no change for our clients.
Filing your company’s P&L will be mandatory
Micro Entities
From 1 April 2027, micro-entities will need to file profit and loss account report with Companies House. Currently, micro companies only need to send a balance sheet to Companies House.
A company is a micro-entity if it has any two of the following:
a turnover of £1 million or less
£500,000 or less on its balance sheet
10 employees or less, more detailed accounts going forward.
Small companies
Currently, small companies can choose whether or not to send a copy of the director’s report and profit and loss account statement to Companies House.
From 1 April 2027, small companies will need to file a balance sheet, profit & loss account, directors’ report, and an auditor’s report (if required).
‘Abridged accounts’ will no longer be an option.
A company is ‘small’ if it has any two of the following:
a turnover of £15 million or less
£7.5 million or less on its balance sheet total
50 employees or less
What does this mean for my small business?
All small businesses will be filing fuller, more detailed accounts going forward.
These changes would mean a loss of privacy for many small companies. Filing abridged or ‘filleted’ accounts has been a way for businesses to keep some of their financial details private, but this won’t be an option in future.
From April 2027, the profit and loss statement for all companies will be publicly accessible via Companies House, and you’ll no longer be able to limit the amount of financial information that’s openly available. This will mean that the information is available to competitors, customers, suppliers or employees.
How we can help
We’ll of course be ensuring that your accounts will meet the new requirements when the rules kick in. We can also confirm whether you are reporting as a small company and whether your company is eligible to switch to micro-entity which may have more limited disclosures.
If you’d like to discuss these changes or you have any concerns, please feel free to get in touch.
You can get the official word from Companies House about all the changes here.