companies house
DESCRIPTION
Companies House. Using XBRL in Government. Companies House, UK. Companies House in 2008. Providing information 500m website hits 5m document download orders. Filing information . > 2.5m companies . 350,000 incorporations . - PowerPoint PPT PresentationTRANSCRIPT
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Companies House
Using XBRL in Government
Companies House, UK
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Companies House in 2008
Filing information .
> 2.5m companies . 350,000 incorporations .
>8m new documents .
Providing information
500m website hits
5m document download orders
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By PostBy Post
Delivery in PersonDelivery in Person
WebFiling WebFiling www.companieshouse.gov.ukwww.companieshouse.gov.uk
Software FilingSoftware Filing
4 ways to file information
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How are documents filed?
SOFTWAREFILING
POST
WEBFILING
IN PERSON
Over 7.5 million documents filed in 2007-8:
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52003-4
0.4m
2005-6
1.6m
2004-5
0.6m
2002-3
0.2m
2006-7
2.4m
2007-8
3m
e-Filing progress
2008-9
3.8m forecast
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The old way – we wish !
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Barriers to e-filing
Contentment with paper
Entrenched “need” for client signature
Stylesheet / Rendering
No tangible incentive to change
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Top reasons:– Ease of Use
(top for DIY filers)– Cost
(top for accountants) Others:
– Speed– Security– Certainty of Delivery
Reasons for e-filing
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E-filing of Accounts…………
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Audited 13%
Dormant 19%
Audit Exempt Full 20%
Audit Exempt Abbreviated 48%
Accounts Types ReceivedNearly 2m accounts will be filed this year:
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Audited 13%
Dormant 19%
Currently enabled
Under development
Audit Exempt Full 20%
Audit Exempt Abbreviated 48%
Accounts Types Enabled
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Software FilingSoftware Filing
WebFiling WebFiling www.companieshouse.gov.ukwww.companieshouse.gov.uk
A compelling e-accounts product
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Journey of an XBRL transaction….
XBRL Instance
Documents
Presenters submit
data to CH XBRL Validation Stack
CH Electronic Filing
XML Schema
XBRL Taxonomy checks
XML
CH Business Rule Validation
Transaction result
notified to the
Presenter
Successful/Unsuccessful
Record Accounts Transaction on corporatedatabase
CH Database
Convert XBRL to TIFF image
Render XBRL in Stylesheet
CH Image System
Successful
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172005-6
11,000
2007-8
177,000
XBRL-Accounts volumes Software
WebFiling
2006-7
79,000
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Who’s filing accounts?
ACCOUNTANTS
COMPANIES
FORMATIONAGENTS
OTHERS
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Customer Insight
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Software Providers
SecretarialFormation Accounts
Clients
Media
ProfessionalAssociations
GovernmentBodies
ACCOUNTANCY PRACTICES
FormationAgents
Influencing Accountants
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Satisfaction surveys Complaints tracking Focus groups 1-2-1 relationships Feedback forms Usability studies Quantitative surveys Data analysis Cross-government insight
Research methods
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Accounts Production Software
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Statutory Accounts Production Software
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E-Accounts Working Group
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E-Accounts Working Group……..
Professional Associations Accounts software providers Accounting firms XBRL industry Companies House (Note absence of 2.6m companies…!)
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Small is also beautiful……….
Agility Influencers and working level Open solutions for e-filing of accounts from AP
software
Wider contact group to provide input
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Issues………..
Content
Presentation
“One touch” solution – ease of use
Demonstrate benefits
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292005-6
11,000
2007-8
177,000
XBRL-Accounts volumes Software
WebFiling
2006-7
79,000
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