Companies House Xbrl Download UPD

I have a bunch of companies whose financials I need to monitor. I need some way of getting iXBRL files from Companies House and extracting the data from there to put into a spreadsheet / database. I'm aware of the CH API and there are one or two parsing projects in development (examples: _company_accounts and -XBRL-with-Python). Most use the python BeautifulSoup library. But by the coders' honest admission, their XBRL parsers are a bit flaky.

There needs to be a way of monitoring CH for changes to the companies I'm tracking. When there's a new iXBRL, I would need it downloaded, parsed and the data added to my spreadsheet / database so I can make graphs showing, for example, how the company's net asset figure has changed over the years. (I have multiple VPS accounts and can setup a cron job if that would make the monitoring bit easier).

Companies House Xbrl Download

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does collate and publish some data, but it doesn't seem to do that great a job. For several companies I checked in their database there were gaps in the tables where numbers needed to be. And, besides, bizbd don't offer a licence to get what I want, so I'd have to scrape their data, page by page. This is not something that's worth doing given the poor quality of data there.

There is a facility @ Cos House to follow companies. It involves you calling up each company you're interested in and giving your e-mail & password.

You will then be notified of any future changes and can then input them into your system/spread sheets as required

I am not an accountant so while my solution has the ability to query these millions of files for data points in seconds ( query examples include 'look up all companies with 100K+ revenue in 2019, look up companies with 200K+ cash in hand). I don't know what information is actually useful for accountants like yourself and I'm looking for someone to tell me how an accountant would USE this data.

If alternatively you want financials for ALL companies (or you want the numbers specifically and are prepared to filter some large datasets) you could try the bulk accounts data - see monthly data or the historic archive data.

This document provides an introduction for UK businesses, including non-resident companies which are required to file a Company Tax Return to HMRC, to the eXtensible Business Reporting Language (XBRL) data format and Inline XBRL (iXBRL), the standard form of presentation of business reports tagged in XBRL.

Legislation, which came into force on 1 January 2010, means that it is compulsory for companies to send their Company Tax Returns online using iXBRL for accounts and computations. It is no longer acceptable for most companies to send either the accounts or computations on paper or as a Portable Document Format (PDF) attachment to an online return. Unincorporated charities, clubs and societies may use either iXBRL or PDF for their accounts, but any computations must be in iXBRL format. The new requirements are effective for returns delivered on or after 1 April 2011, for any accounting periods ending after 31 March 2010.

HMRC and Companies House provide a free Corporation Tax online service for small unrepresented companies with relatively straightforward financial affairs. It includes specially formatted accounts and computations templates which if used will make sure data is submitted in iXBRL format.

Most companies will not have to take special steps to convert accounts or computations into iXBRL themselves. This will be done automatically by commercially available final accounts production (FAP) or tax preparation software. However, FAP and conversation software users may have to do some manual tagging initially to expand on the automatic tagging provided by the software.

The use of XBRL for filing accounts in the UK is not new. Companies House has been accepting abbreviated and dormant accounts from audit exempt companies in XBRL for a number of years using a simple, template-driven system. Many hundreds of thousands of accounts have already been filed in this way.

XBRL is different. It is a world-wide standard, developed by an international, non-profitmaking consortium, XBRL International Inc. (XII). XII is made up of many hundred members, including government agencies, accounting firms, software companies, large and small corporations, academics and business reporting experts. XII has agreed the basic specifications which define how XBRL works.

As iXBRL becomes established, many companies may find that they can benefit from using XBRL to improve internal processes. XBRL has many potential benefits for businesses. By upgrading systems to utilise XBRL they can streamline and automate their methods for collecting, assembling, monitoring and reporting business data across their whole operation. They should be able to integrate disparate data systems. They can also turn internal management reporting and external reporting into processes which are fast, efficient and cost-effective.

iXBRL is purely concerned with the introduction of computer-readable XBRL tags into business reports to enable automated handling of financial data. It should not otherwise change the nature and content of company business reports. That continues to be determined by individual companies in the light of accounting principles, company law etc.

HMRC provides a free Corporation Tax online service that can be used by most small unrepresented companies with relatively straightforward financial affairs to file their Company Tax Returns online. It includes specially formatted accounts and computations templates which if used will make sure data is submitted in the right format.

Companies will need to register to use the HMRC Corporation Tax Online Service to submit their returns online whatever service or software they choose to use. An activation code will be posted out that can take up to seven days to arrive so companies are advised to register early.

HMRC publishes a list of software companies who have successfully tested their products with them and provided evidence that they have either developed software or manage a service (or both) that can produce one or more elements of a Company Tax Return. Inclusion in the list does not imply any judgement by HMRC on the general quality of the software; it simply indicates that the software meets certain basic criteria including producing technically valid iXBRL output.

Companies and accountants should consider what processes to follow if accounts and tax computations are produced at different times, possibly by different individuals or firms. Since both accounts and computations must eventually be filed in iXBRL, it may be sensible to make sure accounts and computations are produced in iXBRL when first completed, rather than trying to convert them at a later date. However, it is up to companies and accountants to determine what processes to follow in the light of their circumstances. As discussed below, it is the responsibility of companies to make sure they comply with statutory filing requirements.

Large companies, among others, may create their accounts and other reports using Excel, Word or similar text-based software. These companies may elect to integrate final accounts preparation software into their systems and processes. Alternatively they have two options for converting their data into iXBRL format:

Companies using external managed tagging services to produce iXBRL formatted accounts and/or computations are responsible for making sure that it can be incorporated with the online CT600 return form for submission. Companies using conversion software to turn their accounts and computations data into iXBRL in-house are responsible for making sure these comply with HMRC online filing requirements. They may wish to consult their accountants or auditors on their processes.

In addition - overseas companies resident in the UK must deliver the accounts required by a notice to deliver a return in iXBRL. Also a company not resident in the UK, but carrying on a trade in the UK through a permanent establishment, branch or agency in the UK, must deliver any trading and profit and loss account and any balance sheet of the UK establishment, branch or agency required as part of its return in iXBRL format.

Non-resident companies that need to file a Company Tax return but which are not carrying on a trade in the UK through a permanent establishment, branch or agency in the UK, must deliver accounts and computations in iXBRL format if they are prepared using an accounting standard that is supported by an XBRL taxonomy that is accepted by HMRC. If the accounts are prepared to an accounting standard not supported by HMRC, they do not have to be filed in iXBRL but must be submitted as a PDF attachment to the online return.

The EU recently chose iXBRL as the mechanism that companies listed on the Stock Exchange must use to file their consolidated accounts. And there's a new European single electronic format (ESEF) taxonomy that will be at the heart of the system.

There was also a positive message of the change for companies. The increased transparency and increased quality of data would allow companies to have complete control of the information available. This raises the potential for them to increase their reputation in the marketplace.

The government has however, consulted on reforms to improve the accuracy and usability of data on the companies register, including asking if Companies House should explore the introduction of tagging standards of accounts in an iXBRL format. The government response to the consultation will be issued in due course.

At 28% of all purchased company information, accounts are the most accessed set of information on the register of companies (after basic company details, which are also available free of charge). As a core piece of information, accounts underpin significant economic activity; from the credit reference industry to individual companies assessing the financial health of a potential client or customer.

XBRL standards for eXtensible Business Reporting Language. iXBRL is the same but "inline". They describe a data standard for financial reporting, based on XML. In the UK it's used by Companies House and HMRC for reporting - instead of submitting a PDF or paper copy of their accounts (which contains no machine readable version of the data within) companies can (and in some cases must) submit in XBRL format. 2351a5e196