iXBRL/XBRL Filing and Use

Tim MossCompanies House

UK

3m 10485,000

175,000,000181 MILLION

151

298,000,000130,000,000169

114 million

About us

About us

Functions

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

Accounts type

Electronic Accounts filing in the UK

• XBRL / iXBRL• Efficiency / Automation• Quality• Free format with standard tagging• Static data to dynamic • Open data principles

Accounts filing

Accounts filing

Accounts production

iXBRL filing

Accs Prep File iXBRL Public Record

Transform Transmit &

Transform

XBRL Data

Customers benefits

• Faster delivery• Instant acknowledgements• Right first time• Higher compliance• Fewer penalties

Opening up accounts data- bulk and online

Use of accounts

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

Accounts data customers benefits

• Cost efficiencies• Improved speed of data• Image, structured data or both• Daily bulk data• Individual download

Transparency and access

• Dynamic data• Efficiency• Enhanced corporate transparency• Automation

Open Data – The Power of information

providing companyinformation thatcustomers value

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