Frequently Asked Questions

FAQ's » Basic iXBRL Accounts Template Tagging FRS 102

Basic iXBRL Accounts Template Tagging FRS 102

As described in Andica CT600 software Features, the software provides a free accounts template to record details of accounts in a pre-defined set of fields.

A single Accounts and Computation template is included within the software in line with some of the FRS 102 iXBRL accounts tagging.

The accounts template included in the software contains some of the common fields, declaration and notes used within most of the accounts submitted to HMRC using FRS 102 standards. For clarification purpose, this template contains some, not all, of the FRS 102 tags (fields, declaration and notes).

Fields, declaration and notes included are extracted from FRS102 hence can be used by a wider range of customers. Where you are using the free inbuilt iXBRL templates, we show a label 'FRS102' on the accounts screens, this is because we have included more XBRL tags than those required within FRS105.

Many of our customers (Company's, Accountants, etc.) have over the years used the CT600 software to successfully submit CT returns along with accounts and computations based on template we have provided.

Accounts template contains more fields than those required for Micro Entity accounts which are based on FRS 105. It is your choice which accounting details you provide in this accounts template. This is the only one template included. The software does not include Micro Entity accounts covered under FRS 105, customers may be able to use FRS 102 fields to provide accounts information.

The alternative to using the free accounts iXBRL template built into the software is to attach a set of accounts and computations that are already tagged in valid iXBRL format created through third party final accounts production software or using any third party iXBRL tagging facilities. This will be necessary if you are using an extensive or extended set of accounts and computations or you want to specify your own layout/structure of reporting for accounts and computation.

*** Disclaimer: We cannot advise on how you should complete your tax returns or how the taxes are calculated. Information provided in this page is given without any obligations and we will not accept any claims or liabilities for any damages as a result of you relying on the information given here, if in doubt you must consult the HMRC or a professional tax advisor.***