FRS 102 Section 1A

We’ve created a new compliance pack for small limited companies reporting under FRS 102 Section 1A which is relevant for periods beginning on or after 1 January 2016, early adoption permitted.

The Financial Reporting Standard for Smaller Entities (FRSSE 2015) has been withdrawn for accounting periods beginning on or after 1 January 2016.

Small companies applying this compliance pack can take advantage of the reduced presentation and disclosure requirements of FRS 102 Section 1A and apply the recognition and measurement requirements of FRS 102.

The FRS 102 Section 1A compliance pack contains the mandatory primary statements and disclosures, and the encouraged primary statements and disclosures.

Triennial Review 2017

There is now an option to early adopt the amendments to FRS 102 Section 1A contained in the Triennial Review 2017. The amendments are mandatory for accounting periods beginning on or after 1st January 2019 but early adoption is permitted.

If your accounting period dates fall within the mandatory adoption period or you have indicated that you wish to early adopt the amendments then you will see the following changes to the FRS 102 Section 1A compliance pack:

  • If early adopting. the statement of compliance will be amended to reflect early adoption of the Triennial Review 2017
  • The Investment property accounting policy wording will be amended to reflect the fact that those adopting the Triennial Review 2017 can no longer measure investment property under the cost model
  • The Fair Value Reserve note will be amended to reflect the fact that those adopting the Triennial Review 2017 no longer need to disclose details of the treatment for taxation purposes

True and fair notes

There is now an option located in the Notes section on the Preview tab to show additional True and fair notes. The notes to the financial statements are required to present sufficient information to give a true and fair view in accordance with FRS 102 paragraph 1A.16.

The additional notes available are as follows:

  • Turnover
  • Taxation
  • Obligations under finance leases
  • Deferred taxation
  • Provisions for liabilities
  • Employee benefits
  • Government grants
  • Share capital
  • Financial instruments
  • Business combinations

The Profit before tax note now includes the option to add additional rows for True and fair purposes.

What are the report options?

The FRS 102 Section 1A compliance pack has two reports available:

  1. Members Set of Accounts – the full members’ accounts that can be filed at HMRC with your corporation tax return.
  2. Companies House Set of Accounts – you can choose to take advantage of the filleted option in accordance with Section 444 of the Companies Act 2006, which automatically excludes the Income statement and Directors report for filing purposes. You can also e-file this set of accounts to Companies House.


Companies House filing options

The Income statement and Directors report are optional when filing to Companies House when you choose to prepare a filleted set of accounts in accordance with Section 444 of the Companies Act 2006. When you choose to fillet the Companies House set of accounts the following changes are automatically applied:

  • Cover page will reference “Filleted”
  • Officers and professional advisers page will be excluded
  • Income statement is excluded
  • Directors report is excluded
  • The appropriate Statement of financial position disclosures will be included
  • Encourage primary statements are excluded
  • Encouraged notes relating to the Income statement are excluded, namely, Profit before tax note and Exceptional items note

You can make this selection when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.

Abridged financial statements options

In accordance with the regulations, there is now an option to prepare Abridged financial statements where an Abridged Income statement and/or Statement of financial position can be presented within your members’ accounts.

You can make this selection when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.

iXBRL Tagging

We’ve used the new FRS 102 taxonomy to tag the FRS 102 Section 1A set of accounts including the Detailed Income statement.

Chart of account mappings

We’ve mapped the nominal data from the old UK GAAP compliance packs when creating a new period based on the previous or when transitioning to the FRS 102 Section 1A compliance pack.

The mapping combinations are as follows with the detailed mappings shown further down:

  • Small limited company (FRSSE 2015) chart of accounts to the FRS 102 Section 1A chart of accounts
  • Micro-entity (FRSSE 2015) chart of accounts to the FRS 102 Section 1A chart of accounts
  • Micro-entity (FRS 105) chart of account to the FRS 102 Section 1A chart of accounts

Detailed Mappings

FRSSE 2015 Chart Mappings FRS 012 Section 1 A Chart
Name Old Code New Code Name
Goodwill
Goodwill – Cost brought forward 10 70 Goodwill – Cost brought forward
Goodwill – Additions 11 71 Goodwill – Additions acquired externally
Goodwill – Disposals 12 73 Goodwill – Disposals
Goodwill – Transfers cost 13 78 Goodwill – Transfers
Goodwill – Other movements cost 14 79 Goodwill – Other movements in cost
Goodwill – Amortisation brought forward 20 80 Goodwill – Amortisation brought forward
Goodwill – Amortisation charge 21 81 Goodwill – Amortisation charge
Goodwill – Amortisation on disposals 22 82 Goodwill – Amortisation on disposals
Goodwill – Impairment 23 87 Goodwill – Impairment losses
Goodwill – Reversal of past impairment losses 24 88 Goodwill – Reversal of past impairment losses
Goodwill – Transfers amortisation 25 89 Goodwill – Amortisation on transfers
Goodwill – Other movements amortisations 26 90 Goodwill – Other movements in amortisation
Other intangible assets
Other intangible assets – Cost brought forward 30 100 Other intangible assets – Cost brought forward
Other intangible assets – Additions 31 101 Other intangible assets – Additions acquired externally
Other intangible assets – Disposals 32 103 Other intangible assets – Disposals
Other intangible assets – Transfers cost 33 108 Other intangible assets – Transfers
Other intangible assets – Other movements cost 34 109 Other intangible assets – Other movements in cost
Other intangible assets – Amortisation brought forward 40 110 Other intangible assets – Amortisation brought forward
Other intangible assets – Amortisation charge 41 111 Other intangible assets – Amortisation charge
Other intangible assets – Amortisation on disposals 42 112 Other intangible assets – Amortisation on disposals
Other intangible assets – Impairment 43 117 Other intangible assets – Impairment losses
Other intangible assets – Reversal of past impairment losses 44 118 Other intangible assets – Reversal of past impairment losses
Other intangible assets – Transfers amortisation 45 119 Other intangible assets – Amortisation on transfers
Other intangible assets – Other movements amortisation 46 120 Other intangible assets – Other movements in amortisation
Freehold property
Freehold property – Cost brought forward 310 310 Freehold property – Cost brought forward
Freehold property – Additions 311 311 Freehold property – Additions
Freehold property – Disposals 312 312 Freehold property – Disposals
Freehold property – Revaluations 313 315 Freehold property – Revaluations
Freehold property – Transfers (cost) 314 316 Freehold property – Transfers
Freehold property – Other movements (cost) 315 317 Freehold property – Other movements in cost
Freehold property – Depreciation brought forward 320 320 Freehold property – Depreciation brought forward
Freehold property – Depreciation charge 321 321 Freehold property – Depreciation charge
Freehold property – Depreciation on disposals 322 322 Freehold property – Depreciation on disposals
Freehold property – Depreciation on revaluations 323 324 Freehold property – Depreciation on revaluations
Freehold property – Impairment losses 324 325 Freehold property – Impairment losses
Freehold property – Reversal of impairment losses 325 326 Freehold property – Reversal of past impairment losses
Freehold property – Transfers (depreciation) 326 327 Freehold property – Depreciation on transfers
Freehold property – Other movements (depreciation) 327 328 Freehold property – Other movements in depreciation
Leasehold property – Cost brought forward 330 330 Leasehold property – Cost brought forward
Leasehold property
Leasehold property – Additions 331 331 Leasehold property – Additions
Leasehold property – Disposals 332 332 Leasehold property – Disposals
Leasehold property – Revaluations 333 335 Leasehold property – Revaluations
Leasehold property – Transfers (cost) 334 336 Leasehold property – Transfers
Leasehold property – Other movements (cost) 335 337 Leasehold property – Other movements in cost
Leasehold property – Depreciation brought forward 340 340 Leasehold property – Depreciation brought forward
Leasehold property – Depreciation charge 341 341 Leasehold property – Depreciation charge
Leasehold property – Depreciation on disposals 342 342 Leasehold property – Depreciation on disposals
Leasehold property – Depreciation on revaluations 343 344 Leasehold property – Depreciation on revaluations
Leasehold property – Impairment losses 344 345 Leasehold property – Impairment losses
Leasehold property – Reversal of impairment losses 345 346 Leasehold property – Reversal of past impairment losses
Leasehold property – Transfers (depreciation) 346 347 Leasehold property – Depreciation on transfers
Leasehold property – Other movements (depreciation) 347 348 Leasehold property – Other movements in depreciation
Plant and machinery
Plant and machinery – Cost brought forward 350 350 Plant and machinery – Cost brought forward
Plant and machinery – Additions 351 351 Plant and machinery – Additions
Plant and machinery – Disposals 352 352 Plant and machinery – Disposals
Plant and machinery – Revaluations 353 355 Plant and machinery – Revaluations
Plant and machinery – Transfers (cost) 354 356 Plant and machinery – Transfers
Plant and machinery – Other movements (cost) 355 357 Plant and machinery – Other movements in cost
Plant and machinery – Depreciation brought forward 360 360 Plant and machinery – Depreciation brought forward
Plant and machinery – Depreciation charge 361 361 Plant and machinery – Depreciation charge
Plant and machinery – Depreciation on disposals 362 362 Plant and machinery – Depreciation on disposals
Plant and machinery – Depreciation on revaluations 363 364 Plant and machinery – Depreciation on revaluations
Plant and machinery – Impairment losses 364 365 Plant and machinery – Impairment losses
Plant and machinery – Reversal of impairment losses 365 366 Plant and machinery – Reversal of past impairment losses
Plant and machinery – Transfers (depreciation) 366 367 Plant and machinery – Depreciation on transfers
Plant and machinery – Other movements (depreciation) 367 368 Plant and machinery – Other movements in depreciation
Office equipment
Office equipment – Cost brought forward 370 370 Office equipment – Cost brought forward
Office equipment – Additions 371 371 Office equipment – Additions
Office equipment – Disposals 372 372 Office equipment – Disposals
Office equipment – Revaluations 373 375 Office equipment – Revaluations
Office equipment – Transfers (cost) 374 376 Office equipment – Transfers
Office equipment – Other movements (cost) 375 377 Office equipment – Other movements in cost
Office equipment – Depreciation brought forward 380 380 Office equipment – Depreciation brought forward
Office equipment – Depreciation charge 381 381 Office equipment – Depreciation charge
Office equipment – Depreciation on disposals 382 382 Office equipment – Depreciation on disposals
Office equipment – Depreciation on revaluations 383 384 Office equipment – Depreciation on revaluations
Office equipment – Impairment losses 384 385 Office equipment – Impairment losses
Office equipment – Reversal of impairment losses 385 386 Office equipment – Reversal of past impairment losses
Office equipment – Transfers (depreciation) 386 387 Office equipment – Depreciation on transfers
Office equipment – Other movements (depreciation) 387 388 Office equipment – Other movements in depreciation
Fixtures and fittings
Fixtures and fittings – Cost brought forward 390 390 Fixtures and fittings – Cost brought forward
Fixtures and fittings – Additions 391 391 Fixtures and fittings – Additions
Fixtures and fittings – Disposals 392 392 Fixtures and fittings – Disposals
Fixtures and fittings – Revaluations 393 395 Fixtures and fittings – Revaluations
Fixtures and fittings – Transfers (cost) 394 396 Fixtures and fittings – Transfers
Fixtures and fittings – Other movements (cost) 395 397 Fixtures and fittings – Other movements in cost
Fixtures and fittings – Depreciation brought forward 400 400 Fixtures and fittings – Depreciation brought forward
Fixtures and fittings – Depreciation charge 401 401 Fixtures and fittings – Depreciation charge
Fixtures and fittings – Depreciation on disposals 402 402 Fixtures and fittings – Depreciation on disposals
Fixtures and fittings – Depreciation on revaluations 403 404 Fixtures and fittings – Depreciation on revaluations
Fixtures and fittings – Impairment losses 404 405 Fixtures and fittings – Impairment losses
Fixtures and fittings – Reversal of impairment losses 405 406 Fixtures and fittings – Reversal of past impairment losses
Fixtures and fittings – Transfers (depreciation) 406 407 Fixtures and fittings – Depreciation on transfers
Fixtures and fittings – Other movements (depreciation) 407 408 Fixtures and fittings – Other movements in depreciation
Motor vehicles
Motor vehicles – Cost brought forward 410 410 Motor vehicles – Cost brought forward
Motor vehicles – Additions 411 411 Motor vehicles – Additions
Motor vehicles – Disposals 412 412 Motor vehicles – Disposals
Motor vehicles – Revaluations 413 415 Motor vehicles – Revaluations
Motor vehicles – Transfers (cost) 414 416 Motor vehicles – Transfers
Motor vehicles – Other movements (cost) 415 417 Motor vehicles – Other movements in cost
Motor vehicles – Depreciation brought forward 420 420 Motor vehicles – Depreciation brought forward
Motor vehicles – Depreciation charge 421 421 Motor vehicles – Depreciation charge
Motor vehicles – Depreciation on disposals 422 422 Motor vehicles – Depreciation on disposals
Motor vehicles – Depreciation on revaluations 423 424 Motor vehicles – Depreciation on revaluations
Motor vehicles – Impairment losses 424 425 Motor vehicles – Impairment losses
Motor vehicles – Reversal of impairment losses 425 426 Motor vehicles – Reversal of past impairment losses
Motor vehicles – Transfers (depreciation) 426 427 Motor vehicles – Depreciation on transfers
Motor vehicles – Other movements (depreciation) 427 428 Motor vehicles – Other movements in depreciation
Shares in group undertakings
Shares in group undertakings and participating interests – Cost brought forward 700 700 Shares in group undertakings – Cost brought forward
Shares in group undertakings and participating interests – Additions 701 701 Shares in group undertakings – Additions
Shares in group undertakings and participating interests – Disposals 702 702 Shares in group undertakings – Disposals
Shares in group undertakings and participating interests – Revaluations 703 703 Shares in group undertakings – Revaluations
Shares in group undertakings and participating interests – Transfers 704 704 Shares in group undertakings – Transfers
Shares in group undertakings and participating interests – Other movements 705 705 Shares in group undertakings – Other movements in cost
Shares in group undertakings and participating interests – Impairment brought forward 710 710 Shares in group undertakings – Impairment brought forward
Shares in group undertakings and participating interests – Impairment charge 711 711 Shares in group undertakings – Impairment losses
Shares in group undertakings and participating interests – Impairment on disposals 712 713 Shares in group undertakings – Impairment on disposals
Shares in group undertakings and participating interests – Impairment on revaluations 713 714 Shares in group undertakings – Impairment on revaluations
Shares in group undertakings and participating interests – Transfers 714 715 Shares in group undertakings – Impairment on transfers
Shares in group undertakings and participating interests – Other movements 715 716 Shares in group undertakings – Other movements in impairment
Loans to group undertakings
Loans to group undertakings and participating interests – Cost brought forward 720 720 Loans to group undertakings – Cost brought forward
Loans to group undertakings and participating interests – Additions 721 721 Loans to group undertakings – Advances made
Loans to group undertakings and participating interests – Disposals 722 722 Loans to group undertakings – Repayments
Loans to group undertakings and participating interests – Revaluations 723 723 Loans to group undertakings – Revaluations
Loans to group undertakings and participating interests – Transfers 724 724 Loans to group undertakings – Transfers
Loans to group undertakings and participating interests – Other movements 725 725 Loans to group undertakings – Other movements in cost
Loans to group undertakings and participating interests – Impairment brought forward 730 730 Loans to group undertakings – Impairment brought forward
Loans to group undertakings and participating interests – Impairment charge 731 731 Loans to group undertakings – Impairment losses
Loans to group undertakings and participating interests – Impairment on disposals 732 733 Loans to group undertakings – Impairment on disposals
Loans to group undertakings and participating interests – Impairment on revaluations 733 734 Loans to group undertakings – Impairment on revaluations
Loans to group undertakings and participating interests – Transfers 734 735 Loans to group undertakings – Impairment on transfers
Loans to group undertakings and participating interests – Other movements 735 736 Loans to group undertakings – Other movements in impairment
Other investments other than loans
Other investments other than loans – Cost brought forward 740 780 Other investments other than loans – Cost brought forward
Other investments other than loans – Additions 741 781 Other investments other than loans – Additions
Other investments other than loans – Disposals 742 782 Other investments other than loans – Disposals
Other investments other than loans – Revaluations 743 783 Other investments other than loans – Revaluations
Other investments other than loans – Transfers 744 784 Other investments other than loans – Transfers
Other investments other than loans – Other movements 745 785 Other investments other than loans – Other movements in cost
Other investments other than loans – Impairment brought forward 750 790 Other investments other than loans – Impairment brought forward
Other investments other than loans – Impairment charge 751 791 Other investments other than loans – Impairment losses
Other investments other than loans – Impairment on disposals 752 793 Other investments other than loans – Impairment on disposals
Other investments other than loans – Impairment on revaluations 753 794 Other investments other than loans – Impairment on revaluations
Other investments other than loans – Transfers 754 795 Other investments other than loans – Impairment on transfers
Other investments other than loans – Other movements 755 796 Other investments other than loans – Other movements in impairment
Other loans
Other investments – Cost brought forward 760 800 Other loans – Cost brought forward
Other investments – Additions 761 801 Other loans – Advances made
Other investments – Disposals 762 802 Other loans – Repayments
Other investments – Revaluations 763 803 Other loans – Revaluations
Other investments – Transfers 764 804 Other loans – Transfers
Other investments – Other movements 765 805 Other loans – Other movements in cost
Other investments – Impairment brought forward 770 810 Other loans – Impairment brought forward
Other investments – Impairment charge 771 811 Other loans – Impairment losses
Other investments – Impairment on disposals 772 813 Other loans – Impairment on disposals
Other investments – Impairment on revaluations 773 814 Other loans – Impairment on revaluations
Other investments – Transfers 774 815 Other loans – Impairment on transfers
Other investments – Other movements 775 816 Other loans – Other movements in impairment
Stocks
Raw materials and consumables 1010 1010 Raw materials and consumables
Work in progress 1020 1020 Work in progress
Finished goods and goods for resale 1030 1030 Finished goods and goods for resale
Long term contracts – net costs 1040 1030 Finished goods and goods for resale
Long term contracts – payments on account 1045 1030 Finished goods and goods for resale
Debtors
Trade debtors 1100 1100 Trade debtors
Prepayments 1110 1110 Prepayments
Accrued income 1111 1111 Accrued income
Prepayments – Defined contribution pension scheme 1112 1112 Defined contribution pension plan prepayment
Deferred tax asset 1130 1130 Deferred tax asset
Amounts owed by group undertakings 1140 1140 Amounts owed by group undertakings
Amounts owed by participating interests 1141 1141 Amounts owed by undertakings in which the company has a participating interest
Other debtors 1150 1150 Other debtors
Directors loan account 1151 1151 Directors loan accounts
Corporation tax repayable 1152 1152 Corporation tax recoverable
VAT recoverable 1153 1153 VAT recoverable
Unpaid share capital 1154 1154 Called up share capital not paid
Cash at bank and in hand
Bank current account 1200 1200 Bank current account
Bank deposit account 1210 1210 Bank deposit account
Cash in hand 1230 1230 Cash in hand
Current assets investments
Shares in group undertakings 1500 1500 Shares in group undertakings
Other investments 1510 1510 Other investments
Creditors due within one year
Bank overdraft 2000 2000 Bank overdrafts
Bank loan 2020 2020 Bank loans
Payments received on account 2050 2050 Payments received on account
Trade creditors 2100 2100 Trade creditors
Amounts due to group undertakings 2130 2130 Amounts owed to group undertakings
Amounts due to undertakings in which the company has a participating interest 2131 2131 Amounts owed to undertakings in which the company has a participating interest
Corporation tax 2150 2150 Corporation tax payable
VAT liability 2202 2202 VAT payable
PAYE and social security 2210 2210 PAYE and social security payable
Obligations under finance leases and hire purchase contracts 2240 2240 Obligations under finance leases and hire purchase contracts
Other creditors 2250 2250 Other creditors
Directors loan account 2251 2251 Directors loan account
Accruals and deferred income 2260 2260 Accruals
Government grants – Brought forward 2261 2261 Deferred government grant income
Government grants – Received 2262 2261 Deferred government grant income
Government grants – Repaid 2263 2261 Deferred government grant income
Government grants – Released to the profit and loss account 2264 2261 Deferred government grant income
Accrual – Defined contribution pension scheme 2265 2265 Defined contribution pension plan accrual
Shares classified as financial liabilities 2270 2270 Shares classified as financial liabilities
Dividends payable – equity 2280 2280 Dividends payable – Equity
Dividends payable – non equity 2281 2281 Dividends payable – Non equity
Creditors due after more than one year
Bank loans due in more than one year 2500 2500 Bank loans due in more than one year
Payments received on account due in more than one year 2550 2550 Payments received on account due in more than one year
Trade creditors due in more than one year 2600 2600 Trade creditors due in more than one year
Amounts owed to group undertakings in more than one year 2620 2620 Amounts owed to group undertakings due in more than one year
Amounts owed to participating interests in more than one year 2621 2621 Amounts owed to undertakings in which the company has a participating interest due in more than one year
Taxation and social security due in more than one year 2630 2630 Taxation and social security payable in more than one year
Obligations under finance leases and hire purchase contracts due in more than one year 2640 2640 Obligations under finance leases and hire purchase contracts due in more than one year
Other creditors due in more than one year 2650 2650 Other creditors due in more than one year
Directors loan account due in more than one year 2651 2651 Directors loan accounts due in more than one year
Accruals and deferred income due in more than one year 2660 2660 Accruals due in more than one year
Government grants due in more than one year – Brought forward 2661 2661 Deferred government grant income due in more than one year
Government grants due in more than one year – Received 2662 2661 Deferred government grant income due in more than one year
Government grants due in more than one year – Repaid 2663 2661 Deferred government grant income due in more than one year
Government grants due in more than one year – Released to the profit and loss account 2664 2661 Deferred government grant income due in more than one year
Shares classified as financial liabilities due in more than one year 2670 2670 Shares classified as financial liabilities due in more than one year
Dividends payable in more than one year – equity 2680 2680 Dividends payable in more than one year – Equity
Dividends payable in more than one year – non equity 2681 2681 Dividends payable in more than one year – Non equity
Provisions for liabilities
Deferred tax liability – Brought forward 2700 2700 Provision for deferred tax – Brought forward
Deferred tax liability – Additions 2701 2701 Provision for deferred tax – Additions
Deferred tax liability – Profit and loss movement in the period 2702 2702 Provision for deferred tax – Amounts used
Deferred tax liability – Unused amounts reversed 2703 2703 Provision for deferred tax – Unused amounts reversed
Deferred tax liability – Transfers 2704 2704 Provision for deferred tax – Transfers
Warranties – Brought forward 2720 2720 Provision for warranties – Brought forward
Warranties – Additions 2721 2721 Provision for warranties – Additions
Warranties – Profit and loss movement in the period 2722 2722 Provision for warranties – Amounts used
Warranties – Unused amounts reversed 2723 2723 Provision for warranties – Unused amounts reversed
Warranties – Transfers 2724 2724 Provision for warranties – Transfers
Other provisions – Brought forward 2730 2730 Other provisions – Brought forward
Other provisions – Additions 2731 2731 Other provisions – Additions
Other provisions – Profit and loss movement in the period 2732 2732 Other provisions – Amounts used
Other provisions – Unused amounts reversed 2733 2733 Other provisions – Unused amounts reversed
Other provisions – Transfers 2734 2734 Other provisions – Transfers
Defined benefit pension plan
Defined benefit pension scheme asset 2800 2800 Defined benefit pension plan asset
Defined benefit pension scheme liability 2810 2810 Defined benefit pension plan liability
Called up share capital
Ordinary share capital 3000 3050 Share capital – Brought forward
Preference share capital 3010 3050 Share capital – Brought forward
Prior period adjustments
Profit and loss account – Prior period adjustment 3050 3102 Profit and loss account – Prior period adjustments
Share premium account – Prior period adjustment 3051 3152 Share premium account – Prior period adjustments
Revaluation reserve – Prior period adjustment 3052 3202 Revaluation reserve – Prior period adjustments
Other reserves – Prior year adjustment 3053 3452 Other reserves – Prior period adjustments
Profit and loss account
Profit and loss account – Brought forward 3100 3100 Profit and loss account – Brought forward
Profit and loss account – Purchase of own shares 3101 3135 Profit and loss account – Other investments by and distributions to owners
Profit and loss account – Actuarial gain/ loss on pension scheme 3102 3103 Profit and loss account – Remeasurement of the net defined benefit plan
Profit and loss account – Deferred tax on actuarial gains and losses 3103 3110 Profit and loss account – Tax relating to components of other comprehensive income
Profit and loss account – Dividends paid 3104 3116 Profit and loss account – Dividends paid
Profit and loss account – Dividends payable 3105 3116 Profit and loss account – Dividends paid
Profit and loss account – Transfer of depreciation 3106 3105 Profit and loss account – Reclassification from revaluation reserve
Profit and loss account – Transfer of realised profits 3107 3130 Profit and loss account – Other comprehensive income movements
Profit and loss account – Other movements 3108 3130 Profit and loss account – Other comprehensive income movements
Profit and loss account – Transfer to/ (from) other reserves (1) 3109 3107 Profit and loss account – Reclassification from other reserves
Profit and loss account – Transfer to/ (from) other reserves (2) 3110 3107 Profit and loss account – Reclassification from other reserves
Share premium account
Share premium account – Brought forward 3150 3150 Share premium account – Brought forward
Share premium account – Premium on shares issued 3151 3153 Share premium account – Issue of shares
Share premium account – Transaction costs 3152 3160 Share premium account – Transaction costs
Share premium account – Purchase of own shares 3153 3170 Share premium account – Other investments by and distributions to owners
Share premium account – Other movements 3154 3165 Share premium account – Other comprehensive income movements
Share premium account – Transfer to/ (from) other reserves (1) 3155 3165 Share premium account – Other comprehensive income movements
Share premium account – Transfer to/ (from) other reserves (2) 3156 3165 Share premium account – Other comprehensive income movements
Revaluation reserve
Revaluation reserve – Brought forward 3200 3200 Revaluation reserve – Brought forward
Revaluation reserve – Revaluation movement 3201 3203 Revaluation reserve – Revaluation of tangible assets
Revaluation reserve – Transfer of depreciation 3202 3206 Revaluation reserve – Reclassification to profit and loss account
Revaluation reserve – Transfer of realised profits 3203 3206 Revaluation reserve – Reclassification to profit and loss account
Revaluation reserve – Other movements 3204 3220 Revaluation reserve – Other comprehensive income movements
Revaluation reserve – Transfer to/ (from) other reserves (1) 3205 3220 Revaluation reserve – Other comprehensive income movements
Revaluation reserve – Transfer to/ (from) other reserves (2) 3206 3220 Revaluation reserve – Other comprehensive income movements
Other reserves
Other reserves – Brought forward 3250 3450 Other reserves – Brought forward
Other reserves – Other movements 3251 3470 Other reserves – Other comprehensive income movements
Other reserves – Transfer to/ (from) other reserves (1) 3252 3470 Other reserves – Other comprehensive income movements
Other reserves – Transfer to/ (from) other reserves (2) 3253 3470 Other reserves – Other comprehensive income movements
Suspense account (Statement of financial position)
Suspense account (Balance sheet) 3999 3999 Suspense account (Statement of financial position)
Turnover
Sales 4000 4000 Sales
Discounts allowed 4009 4009 Discounts allowed
Other income 4900 4900 Other income
Cost of sales
Purchases 5000 5000 Purchases (Cost of sales)
Discounts received 5009 5009 Discounts received (Cost of sales)
Materials 5010 5010 Materials (Cost of sales)
Wages and salaries – Cost of sales 5020 5020 Wages and salaries (Cost of sales)
Subcontracted staff – Cost of sales 5030 5030 Subcontracted staff (Cost of sales)
Employers NI – Cost of sales 5040 5040 Employers NI (Cost of sales)
Pension costs – Cost of sales 5050 5050 Defined contribution pension costs (Cost of sales)
Other direct costs 5100 5100 Other direct costs (Cost of sales)
Opening stock 5200 5015 Opening stock (Cost of sales)
Closing stock 5201 5016 Closing stock (Cost of sales)
Distribution costs
Wages and salaries – Distribution costs 6000 6000 Wages and salaries (Distribution costs)
Subcontracted staff – Distribution costs 6010 6010 Subcontracted staff (Distribution costs)
Employers NI – Distribution costs 6016 6016 Employers NI (Distribution costs)
Pension costs – Distribution costs 6017 6017 Defined contribution pension costs (Distribution costs)
Transport 6020 6020 Transport (Distribution costs)
Freight and carriage 6025 6025 Freight and carriage (Distribution costs)
Packaging and materials 6030 6030 Packaging and materials (Distribution costs)
Insurance – Distribution costs 6035 6035 Insurance (Distribution costs)
Equipment hire – Distribution costs 6040 6040 Equipment hire (Distribution costs)
Other distribution costs 6045 6045 Other distribution costs
Depreciation – Distribution costs 6050 6050 Depreciation of tangible assets (Distribution costs)
Administrative expenses
Wages and salaries 7000 7000 Wages and salaries (Administrative expenses)
Temporary staff 7005 7005 Temporary staff
Employers NI 7006 7006 Employers NI (Administrative expenses)
Pension costs 7007 7007 Defined contribution pension costs (Administrative expenses)
Other staff costs 7009 7009 Other staff costs
Subcontracted staff 7010 7010 Subcontracted staff (Administrative expenses)
Cash settled share-based payments 7015 7015 Cash-settled share-based payments
Directors remuneration 7020 7020 Directors remuneration
Directors pension costs 7025 7025 Directors defined contribution pension costs
Training costs 7035 7035 Training costs
Defined benefit pension costs 7040 7040 Defined benefit pension costs
Rent 7100 7100 Rent
Rates 7110 7110 Rates
Service charges 7150 7150 Service charges
Light, heating and power 7200 7200 Light, heating and power
Motor expenses 7300 7300 Motor expenses
Travelling 7400 7400 Travelling
Subsistence 7406 7406 Subsistence
Staff entertainment 7410 7410 Staff entertainment
Client entertainment 7415 7415 Client entertainment
Marketing 7420 7420 Marketing
Advertising 7425 7425 Advertising
Discounts allowed 7430 7430 Discounts allowed
Printing, postage and stationery 7500 7500 Printing, postage and stationery
Telephone 7550 7550 Telephone
Computer costs 7552 7552 Computer costs
Legal fees 7600 7600 Legal fees
Accountancy fees 7602 7602 Accountancy fees
Professional fees 7604 7604 Professional fees
Management charges payable 7605 7605 Management charges payable
General insurance 7610 7610 General insurance (Administrative expenses)
Equipment hire 7700 7700 Equipment hire (Administrative expenses)
Operating lease rentals 7703 7703 Operating lease rentals
Motor vehicle leasing 7710 7703 Operating lease rentals
Repairs and maintenance 7800 7800 Repairs and maintenance
Cleaning 7801 7801 Cleaning
Premises insurance 7802 7802 Premises insurance (Administrative expenses)
Use of home as office 7805 7805 Use of home as office
Research and development expenditure 7950 7950 Research and development expenditure
Depreciation 8000 8000 Depreciation of tangible assets (Administrative expenses)
Amortisation 8010 8010 Amortisation of intangible assets (Administrative expenses)
Profit or loss on sale of tangible fixed assets 8020 8020 Gain/loss on disposal of tangible assets (Administrative expenses)
Profit or loss on sale of intangible fixed assets 8025 8025 Gain/loss on disposal of intangible assets (Administrative expenses)
Profit or loss on sale of fixed asset investments 8030 8030 Gain/loss on disposal of investment property
Bad debts 8100 8100 Bad debts
Bad debt provision 8102 8102 Bad debt provision
Political expenditure 8170 8170 Political expenditure
EU political donations 8180 8180 Political donations
Non EU political donations 8190 8180 Political donations
Charitable donations 8200 8200 Charitable donations
Subscriptions 8201 8201 Subscriptions
Foreign exchange differences 8211 8211 Foreign exchange differences
Sundry expenses 8250 8250 Sundry expenses
Interest payable and similar expenses
Bank interest payable 7900 7900 Bank interest payable
Bank charges 7901 7940 Bank charges
Bank loan interest payable 7903 7903 Interest on bank loans
Hire purchase finance charges 7904 7904 Hire purchase interest
Credit card charges 7905 7945 Credit card charges
Finance lease finance charges 7906 7906 Finance lease charges
Other finance charges 7907 7927 Other interest payable and similar expenses
Dividends paid on shares classed as debt 7910 7910 Dividends paid on shares classed as debt
Dividends payable on shares classed as debt 7915 7915 Dividends payable on shares classed as debt
Interest payable on loans from group undertakings 7920 7920 Interest payable to group undertakings
Fines and penalties 7930 7930 Fines and penalties
Interest on late paid tax (PAYE, NI and VAT) 7935 7921 Interest on late paid tax (PAYE, NI and VAT)
Other operating income
Rent receivable 8500 8500 Rent receivable
Commission receivable 8505 8505 Commission receivable
Management charges receivable 8510 8510 Management charges receivable
Other operating income 8515 8515 Other operating income
Government grant income 8520 8520 Government grants released to the income statement
Income from shares in group undertakings
Dividends receivable from subsidiaries 8600 8600 Dividends from shares in group undertakings
Dividends receivable from associates 8650 8650 Dividends from participating interests
Interest receivable from associates 8655 8665 Other income from participating interests
Income from participating interests
Dividends receivable from joint ventures 8660 8650 Dividends from participating interests
Interest receivable from joint ventures 8665 8665 Other income from participating interests
Income from other fixed asset investments
Dividends receivable from other fixed asset investments 8700 8700 Dividends from other fixed asset investments
Interest receivable from other fixed asset investments 8705 8715 Other income from other fixed asset investments
Interest receivable from group undertakings 8710 8615 Other income from shares in group undertakings
Other investment income 8715 8715 Other income from other fixed asset investments
Other interest receivable and similar income
Bank interest receivable 8750 8750 Interest on cash and cash equivalents
Bank deposit interest 8755 8755 Interest on bank deposits
Interest from group undertakings 8760 8760 Interest receivable from group undertakings
Other loan interest receivable 8765 8765 Other loan interest receivable
Other interest receivable 8770 8770 Other interest receivable
Other finance income 8775 8775 Other finance income
Amounts written off investments
Amounts written off fixed asset investments 8800 8800 Impairment of investments in associates
Amounts written off current asset investments 8805 8806 Amounts written off current asset investments
Expected return on pensions scheme assets – Defined benefit pension scheme 8850 8776 Net finance income in respect of defined benefit pension plans
Interest on pension scheme liabilities – Defined benefit pension scheme 8855 7922 Net finance costs in respect of defined benefit pension plans
Tax on profit or loss
Corporation tax – charge/ credit 9000 9000 Corporation tax – charge/credit
Deferred tax – charge/ credit 9020 9020 Deferred tax – charge/credit
Suspense account (Income statement)
Suspense account (Profit and loss account) 9999 9999 Suspense account (Income statement)