13+ Beautiful Abridged Balance Sheet Format

You can choose to omit a copy of your detailed profit and loss account and the directors report.

Abridged balance sheet format. Alternatively after the balance sheet abridged accounts must state that all the members have consented to the preparation of an abridged Companies Act 2006 And finally the crucial factor in abridged accounts is that there wont be a detailed breakdown of fixed assets. Micro and small companies are required to file an abridged balance sheet only. And a directors report.

Abridged Balance Sheet AT 31 DECEMBER 2015 Note 2015 2014 Fixed Assets Tangible assets 318956 254253 Financial assets 69560 55960 388516 310213 Current Assets Stocks 300869 246799 Debtors 517902 484327 Cash at bank and in hand 15906 42107. It is not required to include items prefixed by an Arabic numeral. As an economy device the Companies Amendment Act 1988 introduced the concept of Abridged Balance Sheet vide Section 219 1 b iv.

Auditors report unless claiming exemption. Prepare simpler accounts that meet statutory minimum requirements. Also the items preceded by Arabic numbers such as trade debtors do not need to be included.

Edit with Office GoogleDocs iWork etc. Abridged Profit and Loss Account Format 1 YearPeriod Ended Insert Date. Download Template Fill in the Blanks Job Done.

Under current guidelines for abridged accounts you only have to include a balance sheet - an example is shown below together with notes to the accounts. An abridged profit and loss account andor an abridged balance sheet. YearPeriod Ended Insert Date.

The directors printed name and signature on the balance sheet. Abridged accounts must include the following elements. Accordingly Form AOC-3A has been inserted into the Rules providing for the information to be furnished in the said Statement in the form of Abridged Financial Statements in following four parts.