Company limited by guarantee sets of accounts

You can now create a set of Non-charitable Company limited by guarantee accounts in Sage Final Accounts.

The Company limited by guarantee option is available in the following packs:

You can make this selection when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.

The Company limited by guarantee option will:

Update the Cover page to include reference to Company limited by guarantee

Include an optional Limited by guarantee note

Allow you to change the Profit/Loss description to surplus/deficit throughout the set of accounts

Automatically include the relevant iXBRL tag for Company limited by guarantee to ensure a valid submission file is created for HMRC and Companies House.

To edit the Limited by guarantee note

  1. From the Accounts Preview menu scroll down to review the amended Limited by guarantee note.
  2. Select Edit.
  3. Enter text as required.
  4. Select Save.

Option to change the Profit/Loss description

This option will become available when the Company is limited by guarantee and will automatically change all instances of profit/loss to surplus/deficit, and ‘profit and loss account’ to ‘income and expenditure account’ throughout the set of accounts.

This option is located in the Data tab > Income statement > Profit/Loss description.