Version 33 - February 2025 (template release)
Template release pack
This release focuses on the legislative content changes, features and correction updates for the period ending December 2024. The template is available on platform 6.30.9574, 6.31.9627, and 6.32.9713.
Release notes
- Period ended: December 2024
- Update type: Legislative update, minor fixes, and improvements.
Overview
This template release includes a taxonomy update and various fixes and improvements based on customer feedback. The template is on platform 6.30.
Corrections
Item ID | Title | Details and Limitations |
|---|---|---|
1928457 | Correct missing description within the ‘Independent Auditor's Report’. | Inside the FRS 101 report, we corrected the expression in template ‘Responsibilities of directors’ so the wording for "Statement of Directors Responsilbities" correctly appears. |
1932969 | Rename categories to remove "non-current" or "current" wording. | Edited the external name of the following categories as the headings within the reports state whether the item is current or non-current.
|
1939335 | Remove xbrl-assertions for all Pension tags. | Removed from the reports root folders the code for the xbrl-assert-exists” on the 2 tags relating to pension schemes. These were presenting false validation errors. |
1936848 | Correct condition within the ‘Independent Auditor's Report’. | Correct the condition within the ‘Audit report signature’ . |
Features
Item ID | Title | Details and Limitations |
|---|---|---|
1927124 | Request to display KPI's to different decimal places. | Added a new style to the reports named value column decimal which is used in the ‘Financial KPI’s’ table (within the ‘Strategic Report’) to present values entered to this disclosure with up to 5 decimal places. |
1927851 | Request for the ability to change the Note Numbering - Margin Spaces. | Added a new style to the reports named note number which is used in all note headings. If the note headings are customised, the spacing between the note number and the heading can now easily be amended by editing this style. |
1930606 | Disclosure of “impairment of financial assets” to be disclosed on the face of ‘Income statement’. | Created a new category, ‘P 6 - Impairment loss or reversal on financial and contract assets’ and included on the ‘Income Statement’. Category ‘N 5 - Impairment loss or reversal on non-financial assets‘ renamed from “impairment loss or reversal". |
1930607 | Disclosure of Pensions when an asset. | Created a new category ‘NCA 10’ and sub-categories for disclosure of “retirement benefit obligations” as a non-current asset. |
1930608 | Categories for depreciation of “property, plant, and equipment held for sale or in a disposal group”. | Added new categories to the existing depreciation categories for the 5 classes of “property, plant, and equipment”. |
1930609 | Disclosure of Trade Payables as “non-current liability”. | New category ‘NCL 10’ and sub-categories for disclosure of “trade and other payables” as a non-current liability. Option added to disclosure “trade and other payables” values combined or separate tables for “current” and “non-current”. |
1936416 | Add a reconciliation or warnings to the ‘Statement of changes in equity’. | Added a reconciliation has to each table comparing prior period closing balances with current period opening balances. Added a separate warning to highlight differences between the Equity values here and the ‘Statement of Financial Position’/’Balance Sheet’. |
1936459 | Improvements to Deferred Tax disclosure. | Added new tables to allow for disclosure of “movements in total deferred tax” utilising all available XBRL tags and to disclose year-end totals per each asset or liability. Existing disclosure has just a few columns to analysis movements and customers often had to customise this disclosure. |
1936923 & 1937024 | New note required for Supplier Finance Arrangements. | Per the amendments to IAS 7 and IFRS 7, a new disclosure has been added within the ‘Trade and Other Payables’ section on the Disclosure tab to enter relevant details regarding Supplier Finance Arrangements. |
1937023 | New disclosure for details of Loan Covenants. | Per the amendments to IAS 1, new fields have been added to the ‘Bank Borrowings’ disclosure to enter details related to Loan Covenants. |
1937899 | Policy change to accounting for Leases. | Accounting policy wording has been updated to reflect the changes to IFRS 16 in respect of “sale and lease backs with variable payments”. |
Impact on existing clients
With the change of use to category ‘N 5’ – ‘Impairment loss or reversal on non-financial assets’, consider if any postings to this category are still appropriate or should be reassigned to category ‘P 6’ – ‘Impairment loss or reversal on financial and contract assets’.
Content update
There is no content update in this release.
Deviations from standard configuration
There are no deviations from the standard configuration.
Additional information
There is no additional information for this template release.
Known issues
- When exporting the report to Word, unless the report includes 3 or more signatories, use the vertical presentation otherwise the export will stop at the signatories.
- Unable to correct issues exporting the report to Excel but this can be resolved by removing the Contents Page so this isn’t included in the export.
Related Content
-
UK IFRS/FRS 101
Format:
Article