Abbreviated Accounts

Small and medium sized companies (SMEs) and limited liability partnerships (LLPs) can choose to submit abbreviated accounts to Companies House.

A Small Company is a business that meets at least two of the following three conditions:

• annual turnover must be £5.6 million or less
• balance sheet total must be £2.8 million or less
• average number of employees must be no more than 50

A Medium Company or LLP is a business that meets at least two of the following three conditions:

• annual turnover must be £22.8 million or less
• balance sheet total must be £11.4 million or less
• average number of employees must be no more than 250