SCHEDULES
F2SCHEDULE 8FORM AND CONTENT OF ACCOUNTS PREPARED BY SMALL COMPANIES
Annotations:
Amendments (Textual)
PART IIACCOUNTING PRINCIPLES AND RULES
SECTION BHISTORICAL COST ACCOUNTING RULES
Miscellaneous and supplementary provisions
Assets included at a fixed amount25
1
Subject to the following sub-paragraph, assets which fall to be included—
a
amongst the fixed assets of a small company under the item “tangible assets”; or
b
amongst the current assets of a small company under the item “raw materials and consumables”;
may be included at a fixed quantity and value.
2
Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where—
a
their overall value is not material to assessing the company's state of affairs; and
b
their quantity, value and composition are not subject to material variation.
SR 1997/436