Who counts as a small company, what you file, and how the 2028 changes affect you.
Small companies can file simpler accounts than larger ones, with less detail on the public record. Most UK limited companies qualify as small.
Do you qualify as small
A company is usually small if it meets at least two of these: turnover not more than £15 million, balance sheet total not more than £7.5 million, and no more than 50 employees on average. These thresholds rose in April 2025.
- Turnover not more than £15 million
- Balance sheet total not more than £7.5 million
- No more than 50 employees on average
What you file
Small companies file a balance sheet and notes. From April 2028, you must also file a profit and loss account, though you can opt out of publishing the detail, and abridged accounts are abolished.
Filing from 2028
From April 2028 small company accounts must be filed with commercial software in iXBRL. The free WebFiling form closes for accounts. Our free tool is being built for exactly this.