Adding custom notes to your accounts

Statutory accounts often require more than just numbers. 'Notes to the Accounts' provide essential context and narrative explanation for the figures presented on your balance sheet.

Available Note Types

WeFile provides structured inputs for several standard note types. These include 'Going Concern' statements, details of 'Related Party Transactions' (such as money loaned to or from directors), explanations of 'Post Balance Sheet Events', and disclosures of 'Contingent Liabilities'.

When Notes are Required

If your company has entered into transactions with its directors, you are legally required to disclose these in the notes, even for micro-entities. Other notes, like 'Going Concern', are strongly recommended if there are significant doubts about the company's ability to survive the next 12 months.

Adding Notes in WeFile

During the filing wizard, navigate to the 'Notes' step. You can toggle on the specific note types relevant to your business year and enter your narrative text. WeFile automatically formats these notes into compliant iXBRL tags.

Visibility on the Public Register

Be aware that any custom notes you append to your accounts will be published on the public Companies House register alongside your balance sheet. Keep descriptions professional and strictly factual.