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Companies that are dormant or qualify as a small company or ‘micro-entity’ can choose to send a simpler set of accounts known as abridged accounts to Companies House and do not need to be audited. These abridged accounts contain a simpler balance sheet and mean that less information about the company will be available in the public domain.
A company is usually classed as dormant by Companies House if it’s had no ‘significant’ transactions in the financial year to be reported.
A small company is defined as a business with two of the following:
A micro-entity is defined as a business with two of the following:
If your company is a micro-entity, you can:
Abridged accounts can only be sent with the agreement of all the company members.