{"id":70154,"date":"2016-05-03T13:07:45","date_gmt":"2016-05-03T13:07:45","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=3fb43ef1304775c22e1bb84708e206c9"},"modified":"2016-05-03T13:07:45","modified_gmt":"2016-05-03T13:07:45","slug":"news-story-changes-to-accounting-regulations","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=70154","title":{"rendered":"News story: Changes to accounting regulations"},"content":{"rendered":"<div class=\"govspeak\">\n<p><a rel=\"external\" href=\"http:\/\/www.legislation.gov.uk\/ukdsi\/2015\/9780111127896\">The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015<\/a> came into force on 6 April 2015. These set out a number of changes to what companies have to do when preparing and filing their accounts. <\/p>\n<p>Small or medium-sized company can\u2019t file abbreviated accounts with us any more. The very smallest companies can prepare micro entity accounts, while other small companies can prepare a set of abridged accounts for their members, which can also be filed with us. Abridged accounts and the relevant balance sheet formats can be found in the <a rel=\"external\" href=\"http:\/\/www.legislation.gov.uk\/ukdsi\/2015\/9780111127896\">regulations<\/a>.<\/p>\n<p>Some of the main changes: <\/p>\n<ol>\n<li>A new statement is required to be delivered in a set of small company abridged accounts to indicate the members have agreed to the abridgement.<\/li>\n<li>The thresholds for a company size have changed. For a small company the:\n<ul>\n<li>turnover limit rises from \u00a36.5m to \u00a310.2m<\/li>\n<li>balance sheet total limit rises from \u00a33.26m to \u00a35.1m<\/li>\n<li>total number of employees remains at a maximum of 50<\/li>\n<\/ul>\n<\/li>\n<li>For a medium-sized company the turnover limit rises from \u00a325.9m to \u00a336m and the balance sheet total limit rises from \u00a312.9m to \u00a318m. The total number of employees remains at a maximum of 250<\/li>\n<\/ol>\n<p>We\u2019ve recently uploaded a <a rel=\"external\" href=\"https:\/\/companieshouse.blog.gov.uk\/2016\/02\/29\/changes-to-accounting-standards-and-regulations\/\">blog<\/a> which has an overview of the changes.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New regulations bring changes for company accounts<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70154"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70154"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/70154\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}