2. iXBRL/XBRL
Filing and Use
Tim Moss
Companies House
UK

3. 3m 169
130,000,00010
298,000,000
485,000 114 million
151
181 MILLION
175,000,000

4. About us

5. About us

6. Functions

12. Accounts filing in the UK
• Legal requirement from the Companies Act 1967
• ‘True and Fair View’ – copy of accounts
• UK GAAP / FRSSE / IFRS
• Range of uses for Accounts
• Joint approach – HMRC and Companies House

13. Accounts type

15. Electronic Accounts filing in the UK
• XBRL / iXBRL
• Efficiency / Automation
• Quality
• Free format with standard tagging
• Static data to dynamic
• Open data principles

19. Accounts filing

20. Accounts filing

21. Accounts production

22. iXBRL filing
Accs Prep iXBRL Public Record
File
Transform Transmit &
Transform
XBRL
Data

24. Customers benefits
• Faster delivery
• Instant acknowledgements
• Right first time
• Higher compliance
• Fewer penalties

26. Opening up accounts data
- bulk and online

27. Use of accounts
• Financial health – new suppliers, lending
• Financial ratios / gearing
• Credit evaluation / solvency
• Market Analysis: Competitor, Customer, Supplier
• Tax assessment

28. Accounts data customers benefits
• Cost efficiencies
• Improved speed of data
• Image, structured data or both
• Daily bulk data
• Individual download

31. Transparency and access
• Dynamic data
• Efficiency
• Enhanced corporate transparency
• Automation
Open Data – The Power of information

33. “
providing company
information that
”
customers value