To generate an Abridged Profit and Loss Account (Income Statement) and/or an Abridged Balance Sheet in conjunction with the requirements of the Small companies’/LLPs regime within Accounts Production, please select:

1. Accounts Setup
2. Accounting Standards
3. Abridgement Options (Note, this only applies to FRS 102 1A).

Consent must be given by all members, each year in order to abridge.  Where either of the primary statements has been abridged a statement to that affect will be included on the Balance Sheet.