Companies Act 2006

Part 1 The Companies Act 1985 (c. 6)

1 In section 240 (requirements in connection with publication of accounts)—

(a) in subsection (1) omit from “or, as the case may be,” to “section 249A(2)”;

(b) in subsection (3)(c) omit from “and, if no such report” to “any financial year”;

(c) after subsection (3)(c) insert “, and”;

(d) omit subsection (3)(e) and the “, and” preceding it;

(e) in the closing words of subsection (3) omit from “or any report” to “section 249A(2)”.

2 In section 245 (voluntary revision of annual accounts or directors' report), in subsection (4)(b) omit “or reporting accountant”.

3 In section 249A (exemptions from audit)—

(a) omit subsections (2), (3A) and (4);

(b) in subsection (6) for “figures for turnover or gross income” substitute “figure for turnover”;

(c) in subsection (6A) omit “or (2)”;

(d) in subsection (7) omit the definition of “gross income” and the “, and” preceding it.

4 In section 249B (cases where exemptions not available)—

(a) in the opening words of subsection (1) omit “or (2)”;

(b) in subsection (1C)(b) omit from “where the company referred to” to “is not a charity”;

(c) in subsection (3) omit “or (2)”;

(d) in subsection (4), in the opening words and in paragraph (a), omit “or (2)”.

5 Omit section 249C (report required for purposes of section 249A(2)).

6 Omit section 249D (the reporting accountant).

7 In section 249E (effect of exemptions) omit subsection (2).

8 In section 262A (index of defined expressions) omit the entry for “reporting accountant”.