Cardiff Services

XBRL Filing of Companies

XBRL Filing of Companies

At Cardiff Services, we specialize in simplifying regulatory compliance for businesses through our expert XBRL filing solutions. XBRL (eXtensible Business Reporting Language) is a standardized, electronic format mandated by the Ministry of Corporate Affairs (MCA) for filing financial statements. XBRL filing is compulsory for companies listed on stock exchanges, those with a paid-up capital of ₹5 crore or more, or with an annual turnover exceeding ₹100 crore. Companies following Indian Accounting Standards (Ind AS) are also required to file their financials in XBRL format.

 

Cardiff Services ensures that your company meets all statutory XBRL requirements with accuracy and efficiency. From identifying the correct taxonomy (AS or Ind AS) to preparing and validating instance documents, our end-to-end support guarantees compliant, timely, and hassle-free submissions. Our team of experts stays updated with MCA guidelines and works closely with clients to minimize errors and ensure smooth communication with regulators. With Cardiff Services, you get a trusted partner committed to handling your XBRL compliance with precision and professionalism.

Features of XBRL Filing of Companies

  1. Standardizes Financial Reporting: Ensures consistent reporting formats.

  2. Regulatory Compliance: Validates and ensures filings are MCA-compliant.

  3. Efficient Data Consumption: Helps MCA and other stakeholders to consume data efficiently.

  4. Use of Taxonomy & Instance Documents:

    • Taxonomy: Classification system mapping financial reports to regulatory formats.

    • Instance Document: Business report generated in .xml format for submission.

  5. Electronic Filing: Reduces paperwork and streamlines reporting.

  6. Accurate, Timely Filings: Includes validation checks to ensure accuracy.

  7. Support Services: Includes consultation, applicability guidance, due date tracking, and regulatory updates.

Documents for XBRL Filing of Companies

The content under this tab isn’t visible in the screenshot. However, typically required documents for XBRL filing may include:

  • Audited Financial Statements.

  • Balance Sheet and Profit & Loss Statement in .xml format.

  • Board Resolution for adoption of financials.

  • Auditor’s Report and Notes to Accounts.

(For the exact list, you might want to expand that tab or share a more complete screenshot.)

Procedure on XBRL Filing of Companies

Not shown in the image either, but a general XBRL filing procedure usually includes:

  1. Determine Applicability – Check if the company is required to file in XBRL.

  2. Select Correct Taxonomy – Based on whether the company follows Ind AS or AS.

  3. Prepare Instance Document – Using appropriate XBRL software.

  4. Validate the Document – Using MCA validation tool.

  5. Pre-Scrutiny and Upload – On MCA portal.

  6. Acknowledge Filing – Download acknowledgment as proof of filing.

Frequently Asked Questions

A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.

If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.

It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.

For a company name search in Cardiff, you may need:

  • Proposed company name

  • Business entity type (Ltd, LLP, Partnership, etc.)

  • Jurisdiction (Cardiff / UK)

  • Owner or shareholder details (if applicable)

  • Business description

A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.

Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms