Intangible fixed assets and amortisation

Intangible assets — such as goodwill, software, licences, patents, and trademarks — require specific disclosures in your statutory accounts and detailed amortisation tracking.

Entering Intangible Assets

You can enter your intangible assets on the main Balance Sheet step. If you are filing Full (FRS 102) accounts, intangible assets will automatically appear as their own line on the face of the balance sheet, with indented rows for Intangible assets, Tangible assets, and Investments beneath the Fixed assets total. For micro-entity (FRS 105) accounts, these are kept as a single collapsed Fixed assets line.

Amortisation Movements Note

When you declare intangible assets under FRS 102, a mandatory 'Intangible Fixed Assets' amortisation movements note becomes available on the Account Type step. You must provide the cost brought forward, additions, disposals, and cost carried forward, alongside the amortisation brought forward, charge for the year, on disposals, amortisation carried forward, and the final net book value by category.

Validation and Policies

Before you can submit, WeFile strictly reconciles your movements note against the intangible assets figure on your balance sheet to ensure the two never disagree. WeFile also automatically adds an amortisation policy to your accounting policies note and seamlessly renumbers your notes so Intangible Fixed Assets appears first.

Filing and API Support

Your intangible assets and movement notes are properly iXBRL-tagged in the accounts filed at Companies House and are fully included in your Accounts PDF. For developers, this feature is fully supported via the API using the `intangibleAssets` and `intangibleAssetMovements` fields.