Lease accounting is about to change in a big way.
From 1 January 2026, the new FRS 102 rules kick in.
By the time 2027 year‑end accounts are filed, almost every UK company will feel it.
The old system — operating vs finance leases — is gone.
The new system puts most leases on the balance sheet.
What this means in practice:
• Bigger assets
• Bigger liabilities
• Rent replaced by depreciation + interest
• More data and admin than most people expect
This is one of the biggest accounting shifts in years!
Call us on 01209 217299 if you don’t feel ready for this change and we will assist and talk you through it.
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