1

Companies House

Using XBRL in Government

Companies House, UK

2

Companies House in 2008

Filing information .

> 2.5m companies . 350,000 incorporations .

>8m new documents .

Providing information

500m website hits

5m document download orders

3

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

4

How are documents filed?

SOFTWAREFILING

POST

WEBFILING

IN PERSON

Over 7.5 million documents filed in 2007-8:

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

6

The old way – we wish !

7

                                     

Barriers to e-filing

Contentment with paper

Entrenched “need” for client signature

Stylesheet / Rendering

No tangible incentive to change

8

Top reasons:– Ease of Use

(top for DIY filers)– Cost

(top for accountants) Others:

– Speed– Security– Certainty of Delivery

Reasons for e-filing

9

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:

11

Audited 13%

Dormant 19%

Currently enabled

Under development

Audit Exempt Full 20%

Audit Exempt Abbreviated 48%

Accounts Types Enabled

12

Software FilingSoftware Filing

WebFiling WebFiling www.companieshouse.gov.ukwww.companieshouse.gov.uk

A compelling e-accounts product

13

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

14

15

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172005-6

11,000

2007-8

177,000

XBRL-Accounts volumes Software

WebFiling

2006-7

79,000

18

Who’s filing accounts?

ACCOUNTANTS

COMPANIES

FORMATIONAGENTS

OTHERS

19

20

Customer Insight

21

Software Providers

SecretarialFormation Accounts

Clients

Media

ProfessionalAssociations

GovernmentBodies

ACCOUNTANCY PRACTICES

FormationAgents

Influencing Accountants

22

Satisfaction surveys Complaints tracking Focus groups 1-2-1 relationships Feedback forms Usability studies Quantitative surveys Data analysis Cross-government insight

Research methods

23

Accounts Production Software

24

Statutory Accounts Production Software

25

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

292005-6

11,000

2007-8

177,000

XBRL-Accounts volumes Software

WebFiling

2006-7

79,000

30