Ready for 2028: build once, file every company

Statutory Reporting

From 1 April 2028 every UK company files its accounts at Companies House through software, in iXBRL. Inside ONESOURCE Statutory Reporting: one template on ONESOURCE content, the chart of accounts mapped once, each company's accounts drawn from its trial balance, group statements under IFRS, a roll forward to next year, and filing to Companies House built in.

Transcript: the words on screen

1. 0:00From April 2028, web and paper filing of accounts ends.
2. 0:03ONESOURCE Statutory Reporting / Every UK subsidiary. Software-filed from April 2028. / Content / Template / Deploy / File
3. 0:06How it works / ONESOURCE content. Your template. Every company and group. / Content / ONESOURCE content / IFRS, FRS 101, 102 and 105 / Template / Your standard / Adopt, adapt, add / Deploy / Every company / Every entity, every year / File / Companies House / iXBRL, filed by software
4. 0:1301 · The content / ONESOURCE content for IFRS, FRS 101, FRS 102 and FRS 105.
5. 0:15Every standard, kept current
6. 0:2101 · The content / Statements, notes and policies, ready built.
7. 0:3002 · Your standard / Build your standard on the ONESOURCE content.
8. 0:35Parent: UK FRS 102 · Version 33
9. 0:3702 · Your standard / Map your chart of accounts. Once.
10. 0:3975 accounts to assign
11. 0:43All mapped, totals filled
12. 0:4502 · Your standard / Adopt it where it works. Make the wording yours.
13. 0:55Going concern
14. 0:5902 · Your standard / Where it doesn't fit, add your own tables and notes.
15. 1:04Revenue by service line
16. 1:0702 · Your standard / Your own analysis, checked against the accounts.
17. 1:09Test error: caught and reported
18. 1:13Agrees to turnover
19. 1:1503 · Deploy / Publish it as your standard.
20. 1:21Publish
21. 1:2303 · Deploy / Deploy it to each company: code, name, year end.
22. 1:25Reporting Entities
23. 1:33Data Analytics Services Ltd
24. 1:3503 · Deploy / Load each company's trial balance.
25. 1:36Upload · Map · Clean · Complete
26. 1:4304 · It flexes / The template flexes to what is in each trial balance.
27. 1:45Included only when it applies
28. 1:50Shown only when the data exists
29. 1:5404 · It flexes / Draw the accounts. None of it was typed.
30. 1:55Profit before tax 900
31. 2:0205 · Each company / Group-wide content sits in the template. Add company-specific detail in the entity.
32. 2:1005 · Each company / Different here? Overwrite it for this company.
33. 2:19Template: the group director
34. 2:22This company's own director
35. 2:2406 · A group / Groups too: group statements and complex notes, under IFRS.
36. 2:25Osprey IFRS Group Template
37. 2:30Segment analysis, drawn for the group
38. 2:3507 · Next year / ONESOURCE updates as the rules change. Accept, and every company moves.
39. 2:36[Update Available]
40. 2:41Template update in progress
41. 2:4407 · Next year / Roll forward and start next year.
42. 2:45New period: 2026
43. 2:492025 closed and locked
44. 2:5108 · File / The iXBRL tags came with the template.
45. 2:57XBRL on
46. 2:5808 · File / Anything wrong is listed, with a link to it.
47. 3:00Test error: approval date missing
48. 3:04Fixed: no warnings
49. 3:0708 · File / Companies House filing is built in.
50. 3:15Companies House 2028 / From 1 April 2028, every UK company files by software. / Web and paper filing of accounts ends / Accounts filed in iXBRL, through software / Tagged, validated and filed from OSR / No more paying for external iXBRL tagging
51. 3:22In summary / Ready for 2028: build once, file every company. / One group standard across every company / Save time at year end: build once, roll forward / Fewer errors, with built-in checks and validation / Trusted ONESOURCE content, kept up to date / Review, sign-off and audit trail in one place / Further automation through APIs
52. 3:30ONESOURCE Statutory Reporting / Implemented by / Osprey Consulting / Book a 30-minute call on our website / ospreyconsulting.co.uk

Recorded by Osprey Consulting: Thomson Reuters ONESOURCE Certified Implementers, Alphatax partner, Registered Alteryx Solution Provider Partner.