Under the Economic Crime and Corporate Transparency Act (ECCTA), changes are coming to the way small and micro companies file accounts.

From 1 April 2027, Companies House will require all accounts to be filed using commercial software. Paper forms and the current web-based filing system for accounts will no longer be accepted (though these may still be used for other types of filings).

The aim is to improve accuracy, security, and transparency in company filings. Many businesses already use software, but those not yet transitioned should begin preparing.

Major filing Requirement changes from April 2027:

• Micro-entities: Must now submit a balance sheet and profit & loss account on Companies House
• Small companies: Must submit a balance sheet, directors’ report, auditor’s report (if not exempt), and profit & loss account
• Abridged accounts will no longer be allowed

Audit Exemption Changes:
For accounting periods beginning 6 April 2025, small companies may find it easier to claim audit exemption.

However, the following must still be included:

• A statement on the balance sheet confirming no audit was required
• A declaration of the exemption being claimed and confirmation the company qualifies