Creditors falling due after more than one year are the long-term part of what the company owes – usually bank loans, but also hire purchase, finance leases and loans from directors or other companies that are not repayable within twelve months. This note breaks down that balance sheet figure.
What this note shows
- Each type of long-term creditor, with a total that agrees to the balance sheet.
- The aggregate amount falling due after more than five years.
- The total of secured creditors and the nature of the security.
The last two are disclosures small companies must give under The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008 (SI 2008/409) Schedule 1. Details of repayment terms and interest rates are commonly added too.
The note is part of FRS 102 Section 1A accounts. FRS 105 micro-entity accounts show this figure on the balance sheet only.
Where the figures come from
| Item | Source |
|---|---|
| Creditor lines and total | Every trial balance account mapped to the FRS 102 group Creditors: amounts falling due after more than one year, each under its own account name (for example "Loans"). Accounts that are nil in both years are hidden. Read-only. |
| Aggregate amounts falling due after 5 years | Typed in by you, for this year and last year. |
| Secured creditors — amount and nature of security | Typed in by you. |
If two accounts carry the same iXBRL tag they are combined into one line so the figure is tagged only once. There is no "Group other creditors" option on this note; that is only on the within-one-year note.
To work out the amount due after five years, look at the loan's repayment schedule: it is the total of instalments due more than five years after the balance sheet date. For the demo company's bank loan (£70,000, repayable monthly to March 2034), £30,000 falls due after 31 March 2031.
Completing the note in Tax Optimiser
Open the period, choose View Accounts, then Notes in the left Actions menu. Under Creditors: amounts falling due after more than one year, select Creditors.
- Set Show this note in the accounts to Yes.
- Check the lines and the green Creditors due after one year total against your trial balance.
- Enter Aggregate amounts falling due after 5 years for Current Year and Last Year.
- If any of these creditors are secured, describe the security in Secured creditors — amount and nature of security, for example "Bank loans of £70,000 are secured by a fixed and floating charge over the assets of the company." Leave it blank if none.
- Click Save changes to save the note and rebuild the accounts preview.
In the demo, the secured creditors box is empty and the five-year detail and repayment terms were added instead in Additional note for Creditors using a template. Either approach is fine; use the box for a short statement of security and the additional note for anything longer.
Wording templates
These templates are on the Additional note for Creditors section of this note:
- Amounts due after more than five years – states the amount due after five years, how the loan is repayable and its interest rate. You are asked for {{AmountAfterFiveYears}}, {{RepaymentTerms}} and {{InterestRate}}.
- Creditors secured on company assets – states the amount secured by a fixed and floating charge. You are asked for {{SecuredAmount}}.
How it appears in the accounts
The note prints each creditor line, the total with a double underline, any secured creditors text, then "Aggregate of amounts falling due after 5 years" (only when it is not zero in both years). Additional note text follows.
Frequently asked questions
How do I work out the amount falling due after five years?
Take the loan's repayment schedule and add up the capital instalments due more than five years after the balance sheet date. Enter that figure, and last year's equivalent, in "Aggregate amounts falling due after 5 years".
Does the after-five-years figure come from the trial balance?
No. The trial balance only splits creditors between within one year and after one year, so you type the five-year figure in. It prints only if it is not zero in both years.
Is a director's personal guarantee of the bank loan "security"?
Security normally means a charge over the company's own assets. A director personally guaranteeing the company's loan is not a charge on the company's assets; many accountants mention it in an additional note or under related party disclosures instead.
Why does the loan appear in both creditors notes?
Instalments due in the next twelve months are shown in creditors due within one year, and the rest here. Your trial balance should split the loan between the two groups.