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Annual accounts - info on Companies House!

5 replies

howmanyusernames · 11/01/2018 16:23

I've just gone through my annual accounts with my Accountant and gave him to 'okay' to submit to Companies House, which he did.
I've just looked on there and the info includes my corporation tax and also the dividends I've taken out the business!
Last time this info wasn't included, but my Accountant said a new legislation has come in and it now has to be?
I've looked at a friends accounts on Companies House, and hers doesn't show this info?!
It's not that I've had a bad year, it just seems very person information to be 'out there' that my competitors and clients can see?

OP posts:
TalkinPeace · 11/01/2018 18:18

Depends on the year end date and whether they were prepared under FRS102

howmanyusernames · 11/01/2018 18:33

It would be for 2016/17, April to March.

OP posts:
TalkinPeace · 11/01/2018 18:53

Yup, so yours are, your friends may not be.

But there is still no P&L so your turnover and profit margin are hidden.
If you want the protection of Ltd, the flip side is that your information is public.

Chasingsquirrels · 11/01/2018 21:32

Depending on how small you are you could file Micro-entity accounts which show almost nothing, or FRS 102 s1A (reduced disclosures for small companies) filleted accounts (P&L removed) under which dividends aren't required to be disclosed (although are encouraged) and corporation tax wouldn't have to be separately disclosed (although our software analyses corporation tax as a separate component of creditors).

Kazzyhoward · 12/01/2018 10:30

Sounds like your accountant hasn't adopted the latest exemptions for micro companies. There's NO reason why that information wasn't included in the prior year but is included last year. The rules for published accounts mean that they get less and less over time, not more. Probably more of a mistake on their part rather than deliberate. Sadly, nothing you can do now. Even if you/they sent in the micro accounts, the others will still be publicly viewable.

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