June 12th, 2026.
From April 2028, small businesses and micro-businesses/micro-entities will need to file profit and loss with Companies House.If you’re registered with Companies House, look out for an email to your registered address which will provide more information. In the meantime, smallbusiness.co.uk outlines the profit and loss basics along with the other new accountancy
rules that are coming in.
What is a profit and loss statement? A profit and loss (P&L) statement is usually prepared annually and shows revenues and costs and how much profit has been made over the period.....
For the full story at smallbusiness.co.uk CLICK HERE.