UK FRS 102

Updated content releases will not work on previous versions of the Platform.

Ensure you have read the Important Information for the current release before continuing.

UK FRS 102

Version 28 - platform build 6.30 onwards

The updates within version 28 include:

• New disclosure added within the Income Tax disclosure for ‘International tax reform – Pillar Two model rules'.
• Improvements to the final report view after filing with Companies House and corrected the issue when filing with HMRC as a result of the report containing empty cells.
• Updated the 'Average number of employees' disclosure within Employee Information to allow zero as the number of employees.
• Correct display conditions linked to the wording for presenting “revised financial statements”.
• Update the tagging in the ‘iXBRL Detailed P&L’ within the FRS 102 Consolidated Financial Statements report to include the “consolidated” tag dimension. In previous taxonomies this wasn’t available for all profit and loss tags.
• Further improvements to the template when used on the web.

Version 27 - platform build 6.30 onwards

The updates within version 27 include:

• The reports have been updated to meet the new Companies House tagging requirements following the removal of “original data” tag dimension.

• Correction to the “accounts type” tag within the FRS 102 Section 1A - Abridged Financial Statements report.

• Update the 'Group Deferred Tax' disclosure within Income Tax to ensure the XBRL option selected correctly links to the XBRL tag within the report.

Version 26 - platform build 6.30 onwards

The updates within version 26 include:

• This template release includes a fix required to push and use the template on the web version of the application.

Version 25 - platform build 6.30 onwards

The updates within version 25 include:

• The reports have been updated to use the 2023 taxonomy. The same taxonomy can now be used for filings with HMRC and Companies House.
• As a result of using the 2023 taxonomy there have been numerous changes to the tagging in the reports which include the ‘Energy and Carbon Report’ being fully tagged and all tables now updated to use the “currently stated amount default” tag dimension as the “restated amount” tag dimension has been removed. In addition, there are now separate ‘Statement of Changes in Equity’ tables, one to be used when there are adjustments/restatements and one without these movements.
• All column headings within the ‘Statement of Changes in Equity’ now link to the description of the category used for that column in the table.
• The disclosure “not filing an income statement” is now included in the FRS 105 - Micro Entities report.
• Further improvements to the template when used on the web.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 24- platform build 6.30 onwards

The updates within version 24 include:

• Visible link added to the reports to Edit Data on the Disclosure tab.
• Correct the links to the presentation settings on the Summary tab for all Income Statements.
• Amend the ‘Description’ column within the Company Investments disclosure to prevent this column incorrectly rolling forward.
• Correct issue with the disclosure of Average Number of Employees failing to export to iXBRL.
• Correct the display condition of the 'Going Concern' accounting policy note and Provisions for Liabilities note (FRS 102 Consolidated Financial Statements report only).
• Update the tagging within notes ‘Debtors', 'Creditors’ and the ‘Cash Flow Statement’.
• Further improvements to the template when used on the web.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 22 & 23- platform build 6.30 onwards

The updates within version 22 & 23 include:

• Improve the presentation of the Category Summary report, including edits to the page header to correct the incorrect prior period date being used, and page footer so these link to the settings on the Summary tab.
• Add new reports, based on the Category Summary report, named Category Summary - Format 1 (Function) and Category Summary – Format 2 (Nature).
• New report added named Category Summary – Rounding Variances to allow users to see how the rounding has been applied to each category value.
• Edited the 'Balance Sheet' so the wording for “audit exemptions” and “director responsibilities” are separated and the latter is not repeated when more than one audit exemption is taken
• Updated the Disclosure tab and within the reports to use the title “Energy and carbon report” rather than “Streamlined energy and carbon report”. The “Energy and carbon report’ has been moved to the ‘Strategic Report’ within subsection ‘Non-financial and sustainability information.New tab added to this section on the Disclosure tab to provide options between Voluntary and Mandatory disclosure and the status panel text has been updated to highlight this fact. A total row has also been added to the disclosure ‘Summary of emissions’.
• Update the options on the Disclosure tab within the Management Accounts Table Settings disclosure dialog, primarily to correct the incorrect period dates appearing in the report.
• Correct the tagging within note ‘Trade and other receivables - current’.
• Correct issues/further improvements to disclosures which were preventing the template from pushing to the web.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 21- platform build 6.30 onwards

The updates within version 21 include:

• Reports updated to use HMRC 2021 taxonomy.
• Amended the options for “filing financial statements with ....”, found on the Summary tab within the General dialog to include a new option named ‘Companies House – filing filleted accounts’. This removes the possibility of leaving the filleted option selected when submitting to HMRC.
• Updated the Revised Financial Statements disclosure dialog and the XBRL tags for this in all reports. Tested filings using the new HMRC taxonomy are accepted (previously on accepted by Companies House).
• New manual data entry tables to enter values for the following sections rather than post journals and use categories to analyse the movements:
  •  Statement of Comprehensive Income
  •  Statement of Changes in Equity
  •  Statement of Cash Flows
  •  Tangible Assets
  •  Intangible Assets
  • Company Investments.
• New categories added for “trade and other receivables” as a non-current asset.
• Updated the default wording within the accounting policy 'Basis of preparation' found on the Basis of Preparation disclosure dialog.
• Reviewed all reports and amended where necessary to provide consistency throughout with the use of the wording variables found on the Summary tab within the Report Wording Variables dialog.

• Added notes ‘Obligations under leases and hire purchase contracts’ to the FRS 102 Section 1A - Small Entities report, and note ‘Staff numbers’ to the FRS 102 Dormant Financial Statements report to allow customers to easily disclose this information should they wish.

• Correct issues/further improvements to disclosures which were preventing the template from pushing to the web.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 20- platform build 6.28 onwards

The updates within version 20 include:

• Updated the 'Independent Auditors Report' per the latest bulletin (August 2021), applicable to periods commencing on/after 1st February 2020.
• Updated XBRL tag dimensions listing all countries to correspond with the latest taxonomies.
• Update tagging used when Revised Financial Statements presented to ensure the reports contain all tags Companies House require in this scenario.
• Correct issues with the primary statements table column headings which link to the settings found within the Report Table Settings dialog on the Summary tab.
• Correct issues with some of the Tax disclosures which were preventing the template from pushing to the web.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 19- platform build 6.28 onwards

The updates within version 19 include:

• Template updated to allow this to be pushed to the web version of Accounts Production.
• Reports updated to use Companies House 2021 taxonomy.
• Added option to control the currency used in the iXBRL report.
• The Environmental Report within the Directors Report has been tagged for filings with Companies House.
• Auditors Report wording updated where a qualified opinion is provided and new ‘Key audit matters’ disclosure added, found in the Audit Opinion disclosure dialog, and ‘Going concern’ disclosure added, found in the Other (Audit) Disclosures disclosure dialog.
• Disclosures added or wording amended to consider the impact of Covid-19 and/or Brexit in the following locations:
  • Accounting Policies - Basis of Preparation Disclosure.
  • Strategic Report - Fair Review of the Business.
  • Directors Report - Business Review Disclosure.
  • Directors Report - Likely Future Developments Disclosure.
  • Directors Report - Going Concern Disclosure.
• New option for the presentation of signatories added to the Report Settings dialog on the Summary tab.
• Added a Lead Schedule References dialog on the Summary tab to include references in the printed lead schedule reports.
• New category added for ‘Capital contribution reserve’.
• Updated disclosure for ‘Disposal of a subsidiary’ which has been renamed to Disposalsand now allows for details of more than one disposal to be entered.
• The 'change to landscape' and 'change to portrait' templates in the following locations have been made conditional to be used when a subsequent table can't be presented in portrait:
  • Income Tax note
  • Analysis of Net Debt note
• All reports reviewed and updated to use wording variables for 'Corporate description' and 'Director description' where appropriate.
• Various fixes to issues with existing disclosures in order to improve the customer experience.

Version 17 & 18 - platform build 6.24 onwards

The updates within version 17 & 18 include:

• Removed the tick box for “early adoption of triennial review”. The disclosures that apply following the review are now shown and those no longer applicable have been hidden.

• New disclosures added for Streamlined Energy and Carbon Reporting for periods beginning after 1 April 2019. These are required for large companies but it is recommended that smaller entities disclose this information.
• New additional disclosures added named Non-Import Custom Disclosures.
• Independent Auditors Report updated per March 2020 Illustrative Auditor’s Reports Bulletin from the FRC.
• New disclosures added to financial instruments for amendments relating to Interest Rate Benchmark Reform.
• New categories added:
  • New category added for "other investments" (NCA 4 6) to be used in the Investments note.
  • New category added for "difference between net defined benefit liability and the carrying value of a multi-employer defined benefit pension scheme" (SOCIE 9 13) to be used in the Statement of Comprehensive Income.
• New detailed Trade and Other Receivables and Trade and Other Payables tables added to the FRS 102 Section 1A - Small Entities report but are not used by default and will need to be ticked to be included.
• New Other Notes field added on the Summary tab, to disclose notes on the entity that roll forward (are not period specific unlike the existing Period Notes which don't roll forward).
• New field added on the Summary tab, General section to enter Unique Taxpayer Reference. To be used when filing with HMRC is a companies registration number is not provided.
• New iXBRL tag validation added for "Average Number of Employees During Period". To be used when filing with Companies House ahead of 13th October when this validation is mandatory.
• Various bug fixes.

Version 16 - platform build 6.24 onwards

The updates within version 16 include:

• Various bug fixes including correcting the display issue with the Tax Reconciliation note.

• Edited the tags found in the Statement of Changes in Equity and Balance Sheet to avoid tagging errors when a restatement is posted.

Version 15 - platform build 6.24 onwards

Version 15 of the template includes the following changes:

• Updated all reports to use the 2019 taxonomies accepted by HMRC and Companies House.

• The changes resulting from the triennial review as well as a checkbox on the General dialog to choose whether or not to adopt them.
• New disclosures added to comply with Corporate Governance disclosures (including Wates Principles) for large companies.
• New disclosures for Companies Miscellaneous Reporting Regulations.
• Option to disclose within the Audit Report the fact that comparative values have not been audited and were covered by exemption.
• New disclosures added within the Audit Report:
  • The impact of uncertainties resulting from Brexit.
  • Other significant developments.
• Option added to import data from Excel on the Company Investments disclosure dialog for Investments in Subsidiaries, Joint Ventures and Associates; new tables have been created to list all investments as an alternative method of adding this information.
• New categories added:
  • New categories added for Investment Properties Depreciation (NCA 2 2 and sub-categories) only for the FRS 105 - Micro Entities report.
  • New categories added for share capital (within E 1 categories) to enable opening balances to roll forward.
  • New categories added for HP and finance lease liabilities (within NCL 1 3 and CL 2 3) to separately disclose Hire Purchase Contracts and Finance Lease Liabilities.
• New disclosure for entity's former name on the General dialog.
• Disclosure added to the Directors' Report to disclose the fact that information has been included in the Strategic Report that would normally be in the Directors' Report.

• Warning added to tables on the Disclosure tab where a blank row may have been created in error.

• The 'change to landscape' and 'change to portrait' templates in the following locations have been made conditional to be used when a subsequent table can't be presented in portrait:
  • Income Statement
  • Statement of Changes in Equity
  • Intangible Fixed Assets note
  • Tangible Fixed Assets note
• Analytical Review Report added to Reports list.
• New option for small companies to enter aggregate transactions with directors.
• New option to enter related party transactions separately for more than one subsidiary, associate or joint venture.
• New option to disclose a second class of shares within the Company Investments|Subsidiaries disclosure.

Version 14 - platform build 6.24 onwards

We have version 14 available which includes changes as a result of the Triennial Review and must only be used by firms wishing to 'early adopt' the changes. If you'd like a copy of the new content please contact Support.

The updates within version 14 include:

• Amendments for Triennial Review 2017.
• FRC 2018-01-01 taxonomy support.
• Analytical Review Report added to Reports list.
• New categories added within NCL 1 3 and CL 2 3 to separately disclose Hire purchase contracts and Finance lease liabilities.
• New option to enter related party transactions separately for more than one subsidiary, associate or joint venture.
• New option to disclose a second class of shares within the Company Investments|Subsidiaries disclosure.
• New option for small companies to enter aggregate transactions with directors.
• Various bug fixes.

Version 13:

• Platform build 6.17 onwards
• Various bug fixes and behind the scenes enhancements.

Version 12:

• Platform build 6.17.8163 onwards
• Various bug fixes
• New text box on the General dialog for completion if submitting an amended set of accounts and if those accounts have previously been filed.

Version 11:

• Platform build 6.17.8163 onwards
• Various bug fixes

Version 10:

• Platform build 6.17.8163 onwards
• Various bug fixes

Version 9:

• Platform build 6.17.8163 onwards
• A blank dotted signatory line can now be added in all signatory sections of the main reports/accounts. This line can be added via a new Add blank signatory tab on the Officers dialog.
• A Carried at revalued amounts tab has been added to the Intangible Assets Disclosure dialog.
• A Small entity disclosures tab has been added to the Loans and Borrowings Disclosure dialog.
• A Non-Financial Information Disclosure dialog has been added.
• A Commentary to Support Related Party Disclosure dialog has been added.

Version 8:

• Platform build 6.17.8163 onwards
• A format for generating Management Accounts is provided with this release. The Management Accounts report can be configured via a new Management Accounts Table Settings dialog on the Summary tab.
• The following reports have been added: Company Five Year Summary and Group Five Year Summary.
• A Primary email address field has been added to the Contact Details dialog.

Previous Versions

Version 7:

Version 7:

• Platform build 6.17.8163 onwards
• A Report Table Settings link to a Report Table Settings dialog has been added to the Report Options section of the Summary tab providing options to amend alignment of headers in tables, wording, and format of the date and currency.
• Options have been added to the General dialog enabling you to switch between the taxonomies accepted by HMRC and Companies House, making it easier to include an iXBRL tagged Detailed Profit and Loss in the report for HMRC.
• Presentation and Number and Date formatting have been moved to the Report Options section of the Summary tab.
• Improvements have been made to the report pagination and spacing issues within notes.
• Detailed P & L: Various sections of this have been broken down into a separate template to improve presentation and allow for page breaks to be added.
• Options to enter dividends for more than one class of share capital have been added to the Dividends disclosure dialog.
• New reports have been added for Dormant/Abridged Financial Statements and Small/Micro Entites.
• An option for Filing filleted accounts has been added to the General dialog. Ticking this box will hide the disclosures not required within the FRS102 Section 1A report, FRS102 Section 1A Abridged report and FRS105 – Micro Entities report. This will fully fillet the accounts removing the Directors’ Report, Auditor’s Report, Profit and Loss Account and related notes.
• Horizontal signature templates have been added to all reports.
• The Audit Report has been updated per amendments to S496 of CA2006 applying to periods commencing on or after 1 January 2016.
• A new Audit Report has been added per the requirements of ISA (UK) 700 (revised June 2016) - which applies for accounting periods commencing on or after 17 June 2016.
• An update to the Investments note to refer to the Registered Office of the undertaking.
• A Not fully paid share capital tab has been added to the Share Capital Disclosure dialog.
• An option to provide details of receivables pledged as security has been added to the Trade and Other Receivables Disclosure dialog.
• Directors responsibilities - amended to provide a separate template for each bullet point so you can easily add or exclude a section.
• Details for Directors remuneration has been added to Related Party Transactions note in the FRS102 Section 1A and Abridged reports.
• The tax reconciliation note has been amended so the wording refers to increase/decrease or profit/loss as appropriate.
• Conditions within the Related Party Transactions and Operating Leases notes have been updated and are now looking at the correct sections and will display as expected.
• A warning folder will now be hidden if it contains no warnings.

Version 6:

Version 6:

• Platform build 6.10.7454 onwards.
• The Detailed Profit and Loss and Non-statutory page elements are no longer included in the Contents section of the report by default. They can be added back to the Contents section by right-clicking them in the Report Structure tab, selecting Properties and ticking the Include in contents box on the Options tab of the Element Properties dialog.
• The spacing issues in the Investments and Basis of Preparation sections have been fixed.
• References to 'Strategic report' have been removed from both Micro and Small entity audit reports.
• In Micro entity reports the Directors Report has been switched off by default. The report can be re-introduced by ticking the Directors Report box on the Report Structure tab if required by the client.

• Small Entity Reports: Section 1A Report:
  • A new bullet point has been added in the Audit report: 'The directors were not entitled to prepare the financial statements and the directors’ report in accordance with the small companies regime'.
  • The option to analyse by category has been removed from the Employee Information disclosure dialog when FRS 102 Section 1A Small Entities has been ticked in the General tab.
  • An Auditor's remuneration note has been added to the report.
  • Loans and borrowings disclosures have been updated to remove information no longer required such as the repayment schedule, restrictions on borrowings etc.
  • Debtors and Creditors notes have been restricted to the main categories.
  • A Revaluations tab has been added to the Company Investments disclosure dialog and only appears when FRS 102 Section 1A Small Entities has been ticked in the General tab.

Version 5:

Version 5:

• Platform build 6.10.7454 onwards
• Categories added and pulled into report:
• P 11 1 6: Double taxation relief
• CA2 13: Called up share capital not paid
• NCA 6 6: Amortisation of negative goodwill
• F 3 1: Employment costs
• F 3 2: Establishment costs
• F 3 3: General admin expenses
• F 3 4: Finance charges
• F 3 5: Depreciation cost

• General Points:
  • FRS 102 Section 1A Small Entities and FRS 105 check boxes have been added to the General tab of the General dialog for Small and Micro entity reports. Ticking these boxes determines the disclosures required under legislation and greys out those that are not required. The boxes also control new reports added for Small entity under FRS 102 section 1A and Micro entity under section FRS 105.
  • The General tab of the General dialog also includes a new Report is an amended/revised version of a previously filed report check box.

Version 4:

Version 4:

• Platform build 6.10.7454 onwards
• Categories added and pulled into report:
• P 8 3: Gain/loss on financial assets at fair value through profit and loss account
• P 8 4: Net gain/loss on financial liabilities at fair value through profit and loss account
• P 8 2 10: Interest payable on loans from group undertakings
• P11 1 5: UK income tax
• CA 4: Investments
• CA 4 1: Shares in group undertakings
• CA 4 2: Own shares
• CA 4 3: Other investments
• N3 1 3: Directors amount under long term incentive schemes in respect of qualifying services
• N3 8: Excess retirement benefits of directors and past directors

• General Points:
  • Accounting for changes in estimate policy created
  • Deferred tax information added to provisions note
  • Minor presentational amendments

Version 3:

Version 3:

• Platform build 6.10.7454 onwards

It is recommended that you only perform this template upgrade at the beginning of your work on a set of accounts after you have rolled into a new period. You should always back up your database before upgrading.

• General Points:

Important information: This release is due to the FRS 102 reports being tagged with the FRC FRS 102 taxonomy. Previously these reports were tagged with the old IFRS taxonomy. We have had to make a number of minor changes to disclosures to enable use of the new taxonomy. Where we have had to make amendments to predefined iXBRL lists in disclosures, as noted below, you will need to revisit the disclosures and either amend the tag using the drop-down or, in disclosures where a drop-down list is not available, you may need to delete and re-enter information if it was previously tagged with a tag that does not exist in the new taxonomy.
If you have made any customisations to report elements within your reports then they will be shown in bold in the Report Structure pane when you are previewing your FRS 102 report. In these cases the report elements will not take on the tags from the new taxonomy. You will need to revert to master on these report element templates to take on the new taxonomy, or add tags from the new taxonomy yourself.

• Category Structures: Two new category structures have been added for those who want to file an iXBRL tagged detailed P&L using the tagging within the Accounts Production software, rather than your Corporation Tax software. Although accounts can be mapped to these categories in version 6.10 of the platform the report element template that will need to be added to your report for filing will not be available until 6.11 of the platform. Please see separate section below on Taxonomy References for further information. There is also a new category structure for Tax which is for Digita Accounts Production Advanced users who also have Digita Corporation Tax.
• Summary Tab: New Legal form and Relationship between entity and parents' tabs have been added.
• Officers:

You will need to review the Officer type for Company secretary and any officers marked as Company secretary and director as the types have changed in the new taxonomy and this will need amending.

• Disclosure Tab:
Financial Statements:
- Income tax reconciliation and deferred tax type lists has been expanded.
- Added new classes for Intangible and Tangible assets.
- More Contingent Liabilities have been added to the list
Financial Instruments:
- Added a new list for Financial asset classes.
- Added further details related to cash flow hedges, fair value hedges and hedges of net investment.
• Mandatory Tags:
The five new mandated tags are hidden in the XML of the Cover Page of the report:
- Accounting standards applied.
- Accounts status, audited or unaudited.
- Accounts type, full or abbreviated.
- Legal form of entity.
- Description of principal activities.
• Taxonomy References:
iXBRL Detailed Format 1 and Format 2 Profit and Loss Account report elements are available for use in UK FRS 102 from version 6.11 of the platform onwards. This will be included in the Report Elements Templates, UK_EU Style Elements, Specific Elements.
If you want to include the iXBRL Detailed Format 1 and Format 2 Profit and Loss Accounts elements in your report you must amend the taxonomy reference as follows:
1. Run the FRS 102 Individual Financial Statements report.
2. Select the Report Structure tab.
3. Right-click the top folder and select Properties. The Element Properties dialog opens.
4. Select the XML Source tab.
5. Amend line 5 as follows:

Change:

<xbrl-taxonomy xbrl-taxonomy-namespace="http://xbrl.frc.org.uk/FRS-102/2014-09-01" xbrl-taxonomy-href="https://xbrl.frc.org.uk/FRS-102/2014-09-01/FRS-102-2014-09-01.xsd" xbrl-entity-identifier-scheme="http://www.companieshouse.gov.uk/" xbrl-dimensions="core:RestatementsFirstTimeAdoptionDimension=core:RestatedAmount">

To:

<xbrl-taxonomy xbrl-taxonomy-namespace="http://www.govtalk.gov.uk/uk/fr/tax/frs-102-dpl/2015-02-14" xbrl-taxonomy-href="http://www.hmrc.gov.uk/schemas/ct/combined/2015-02-14/frs-102-dpl-2015-02-14.xsd" xbrl-entity-identifier-scheme="http://www.companieshouse.gov.uk/" xbrl-restatement-dimension="core:RestatementsFirstTimeAdoptionDimension=core:RestatedAmount">

6. Click OK to close the dialog.
7. Re-run the report.
• Detailed Profit and Loss:
Please note that following the HMRC requirement to provide a tagged detailed profit and loss account you should ensure that your exported iXBRL file either contains tagged values (by inserting from report element templates), or no detailed profit and loss account values (by un-ticking the detailed profit and loss account).

Version 1:

• Platform build 6.8.7163 onwards
• UK FRS 102 Reports