Companies Act 1985

Section B The Required Formats for Accounts Preliminary

6 References in this Part of this Schedule to the items listed in any of the formats set out below are to those items read together with any of the notes following the formats which apply to any of those items, and the requirement imposed by paragraph 1 to show the items listed in any such format in the order adopted in the format is subject to any provision in those notes for alternative positions for any particular items.

7 A number in brackets following any item in any of the formats set out below is a reference to the note of that number in the notes following the formats.

8 In the notes following the formats—

(a) the heading of each note gives the required heading or subheading for the item to which it applies and a reference to any letters and numbers assigned to that item in the formats set out below (taking a reference in the case of Format 2 of the balance sheet formats to the item listed under " Assets " or under " Liabilities " as the case may require) ; and

(b) references to a numbered format are to the balance sheet format or (as the case may require) to the profit and loss account format of that number set out below.

Balance Sheet Formats Format 1

A.

Called up share capital not paid (1)

B.

Fixed assets

I

Intangible assets

1.

Development costs

2.

Concessions, patents, licences, trade marks and similar rights and assets (2)

3.

Goodwill (3)

4.

Payments on account

II

Tangible assets

1.

Land and buildings

2.

Plant and machinery

3.

Fixtures, fittings, tools and equipment

4.

Payments on account and assets in course of construction

III

Investments

1.

Shares in group companies

2.

Loans to group companies

3.

Shares in related companies

4.

Loans to related companies

5.

Other investments other than loans

6.

Other loans

7.

Own shares (4)

C.

Current assets

I

Stocks

1.

Raw materials and consumables

2.

Work in progress

3.

Finished goods and goods for resale

4.

Payments on account

II

Debtors (5)

1.

Trade debtors

2.

Amounts owed by group companies

3.

Amounts owed by related companies

4.

Other debtors

5.

Called up share capital not paid (1)

6.

Prepayments and accrued income (6)

III

Investments

1.

Shares in group companies

2.

Own shares (4)

3.

Other investments

IV

Cash at bank and in hand

D.

Prepayments and accrued income (6).

E.

Creditors: amounts falling due within one year

1.

Debenture loans (7)

2.

Bank loans and overdrafts

3.

Payments received on account (8)

4.

Trade creditors

5.

Bills of exchange payable

6.

Amounts owed to group companies

7.

Amounts owed to related companies

8.

Other creditors including taxation and social security (9)

9.

Accruals and deferred income (10)

F.

Net current assets (liabilities) (11)

G.

Total assets less current liabilities

H.

Creditors: amounts falling due after more than one year

1.

Debenture loans (7)

2.

Bank loans and overdrafts

3.

Payments received on account (8)

4.

Trade creditors

5.

Bills of exchange payable

6.

Amounts owed to group companies

7.

Amounts owed to related companies

8.

Other creditors including taxation and social security (9)

9.

Accruals and deferred income (10)

I.

Provisions for liabilities and charges

1.

Pensions and similar obligations

2.

Taxation, including deferred taxation

3.

Other provisions

J.

Accruals and deferred income (10)

K.

Capital and reserves

I

Called up share capital (12)

II

Share premium account

III

Revaluation reserve

IV

Other reserves

1.

Capital redemption reserve

2.

Reserve for own shares

3.

Reserves provided for by the articles of association

4.

Other reserves

V

Profit and loss account

Balance Sheet Formats Format 2

• ASSETS

  A.

  Called up share capital not paid (1)

  B.

  Fixed assets

  I

  Intangible assets

  1.

  Development costs

  2.

  Concessions, patents, licences, trade marks and similar rights and assets (2)

  3.

  Goodwill (3)

  4.

  Payments on account

  II

  Tangible assets

  1.

  Land and buildings

  2.

  Plant and machinery

  3.

  Fixtures, fittings, tools and equipment

  4.

  Payments on account and assets in course of construction

  III

  Investments

  1.

  Shares in group companies

  2.

  Loans to group companies

  3.

  Shares in related companies

  4.

  Loans to related companies

  5.

  Other investments other than loans

  6.

  Other loans

  7.

  Own shares (4)

  C.

  Current assets

  I

  Stocks

  1.

  Raw materials and consumables

  2.

  Work in progress

  3.

  Finished goods and goods for resale

  4.

  Payments on account

  II

  Debtors (5)

  1.

  Trade debtors

  2.

  Amounts owed by group companies

  3.

  Amounts owed by related companies

  4.

  Other debtors

  5.

  Called up share capital not paid (1)

  6.

  Prepayments and accrued income (6)

  III

  Investments

  1.

  Shares in group companies

  2.

  Own shares (4)

  3.

  Other investments

  IV

  Cash at bank and in hand

  D.

  Prepayments and accrued income (6)

• LIABILITIES

  A.

  Capital and reserves

  I

  Called up share capital (12)

  II

  Share premium account

  III

  Revaluation reserve

  IV

  Other reserves

  1.

  Capital redemption reserve

  2.

  Reserve for own shares

  3.

  Reserves provided for by the articles of association

  4.

  Other reserves

  V

  Profit and loss account

  B.

  Provisions for liabilities and charges

  1.

  Pensions and similar obligations

  2.

  Taxation including deferred taxation

  3.

  Other provisions

  C.

  Creditors (13)

  1.

  Debenture loans (7)

  2.

  Bank loans and overdrafts

  3.

  Payments received on account (8)

  4.

  Trade creditors

  5.

  Bills of exchange payable

  6.

  Amounts owed to group companies

  7.

  Amounts owed to related companies

  8.

  Other creditors including taxation and social security (9)

  9.

  Accruals and deferred income (10)

  D.

  Accruals and deferred income (10)

Notes on the balance sheet formats

(1)

Called up share capital not paid

(Formats 1 and 2, items A and C.II.5.)

• This item may be shown in either of the two positions given in Formats 1 and 2.

(2)

Concessions, patents, licences, trade marks and similar rights and assets

(Formats 1 and 2, item B.I.2.)

• Amounts in respect of assets shall only be included in a company's balance sheet under this item if either—

  (a)

  the assets were acquired for valuable consideration and are not required to be shown under goodwill; or

  (b)

  the assets in question were created by the company itself.

(3)

Goodwill

(Formats 1 and 2, item B.I.3.)

• Amounts representing goodwill shall only be included to the extent that the goodwill was acquired for valuable consideration.

(4)

Own shares

(Formats 1 and 2, items B.III.7 and C.III.2.)

• The nominal value of the shares held shall be shown separately.

(5)

Debtors

(Formats 1 and 2, items C.II.1 to 6.)

• The amount falling due after more than one year shall be shown separately for each item included under debtors.

(6)

Prepayments and accrued income

(Formats 1 and 2, items C.II.6 and D.)

• This item may be shown in either of the two positions given in Formats 1 and 2.

(7)

(7) Debenture loans

(Format 1, items E.1 and H.1 and Format 2, item C.1.)

• The amount of any convertible loans shall be shown separately.

(8)

Payments received on account

(Format 1, items E.3 and H.3 and Format 2, item C.3.)

• Payments received on account of orders shall be shown for each of these items in so far as they are not shown as deductions from stocks.

(9)

Other creditors including taxation and social security

(Format 1, items E.8 and H.8 and Format 2, item C.8.)

• The amount for creditors in respect of taxation and social security shall be shown separately from the amount for other creditors.

(10)

Accruals and deferred income

(Format 1, items E.9, H.9 and J and Format 2, items C.9 and D.)

• The two positions given for this item in Format 1 at E.9 and H.9 are an alternative to the position at J, but if the item is not shown in a position corresponding to that at J it may be shown in either or both of the other two positions (as the case may require).

• The two positions given for this item in Format 2 are alternatives.

(11)

Net current assets (liabilities)

(Format 1, item F.)

• In determining the amount to be shown for this item any amounts shown under " prepayments and accrued income " shall be taken into account wherever shown.

(12)

Called up share capital

(Format 1, item K.I and Format 2, item A.I.)

• The amount of allotted share capital and the amount of called up share capital which has been paid up shall be shown separately.

(13)

Creditors

(Format 2, items C.1 to 9.)

• Amounts falling due within one year and after one year shall be shown separately for each of these items and their aggregate shall be shown separately for all of these items.

Profit and loss account formats Format 1

(see note (17) below)

1.

Turnover

2.

Cost of sales (14)

3.

Gross profit or loss

4.

Distribution costs (14)

5.

Administrative expenses (14)

6.

Other operating income

7.

Income from shares in group companies

8.

Income from shares in related companies

9.

Income from other fixed asset investments (15)

10.

Other interest receivable and similar income (15)

11.

Amounts written off investments

12.

Interest payable and similar charges (16)

13.

Tax on profit or loss on ordinary activities

14.

Profit or loss on ordinary activities after taxation

15.

Extraordinary income

16.

Extraordinary charges

17.

Extraordinary profit or loss

18.

Tax on extraordinary profit or loss

19.

Other taxes not shown under the above items

20.

Profit or loss for the financial year

Profit and loss account formats Format 2

1.

Turnover

2.

Change in stocks of finished goods and in work in progress

3.

Own work capitalised

4.

Other operating income

5.

(a)

Raw materials and consumables

(b)

Other external charges

6.

Staff costs:

(a)

wages and salaries

(b)

social security costs

(c)

other pension costs

7.

(a)

Depreciation and other amounts written off tangible and intangible fixed assets

(b)

Exceptional amounts written off current assets

8.

Other operating charges

9.

Income from shares in group companies

10.

Income from shares in related companies

11.

Income from other fixed asset investments (15)

12.

Other interest receivable and similar income (15)

13.

Amounts written off investments

14.

Interest payable and similar charges (16)

15.

Tax on profit or loss on ordinary activities

16.

Profit or loss on ordinary activities after taxation

17.

Extraordinary income

18.

Extraordinary charges

19.

Extraordinary profit or loss

20.

Tax on extraordinary profit or loss

21.

Other taxes not shown under the above items

22.

Profit or loss for the financial year

Profit and loss account formats Format 3

(see note (17) below)

A.

Charges

1.

Cost of sales (14)

2.

Distribution costs (14)

3.

Administrative expenses (14)

4.

Amounts written off investments

5.

Interest payable and similar charges (16)

6.

Tax on profit or loss on ordinary activities

7.

Profit or loss on ordinary activities after taxation

8.

Extraordinary charges

9.

Tax on extraordinary profit or loss

10.

Other taxes not shown under the above items

11.

Profit or loss for the financial year

B.

Income

1.

Turnover

2.

Other operating income

3.

Income from shares in group companies

4.

Income from shares in related companies

5.

Income from other fixed asset investments (15)

6.

Other interest receivable and similar income (15)

7.

Profit or loss on ordinary activities after taxation

8.

Extraordinary income

9.

Profit or loss for the financial year

Profit tad toss account formats Format 4

A.

Charges

1.

Reduction in stocks of finished goods and in work in progress

2.

(a)

Raw materials and consumables

(b)

Other external charges

3.

Staff costs:

(a)

wages and salaries

(b)

social security costs

(c)

other pension costs

4.

(a)

Depreciation and other amounts written off tangible and intangible fixed assets

(b)

Exceptional amounts written off current assets

5.

Other operating charges

6.

Amounts written off investments

7.

Interest payable and similar charges (16)

8.

Tax on profit or loss on ordinary activities

9.

Profit or loss on ordinary activities after taxation

10.

Extraordinary charges

11.

Tax on extraordinary profit or loss

12.

Other taxes not shown under the above items

13.

Profit or loss for the financial year

B.

Income

1.

Turnover

2.

Increase in stocks of finished goods and in work in progress

3.

Own work capitalised

4.

Other operating income

5.

Income from shares in group companies

6.

Income from shares in related companies

7.

Income from other fixed asset investments (15)

8.

Other interest receivable and similar income (15)

9.

Profit or loss on ordinary activities after taxation

10.

Extraordinary income

11.

Profit or loss for the financial year

Notes on the profit and loss account formats

(14)

Cost of sales: distribution costs: administrative expenses

(Format 1, items 2, 4 and 5 and Format 3, items A.1, 2 and 3.)

• These items shall be stated after taking into account any necessary provisions for depreciation or diminution in value of assets.

(15)

Income from other fixed asset investments: other interest receivable and similar income

(Format 1, items 9 and 10: Format 2, items 11 and 12: Format 3, items B.5 and 6: Format 4, items B.7 and 8.)

• Income and interest derived from group companies shall be shown separately from income and interest derived from other sources.

(16)

Interest payable and similar charges

(Format 1, item 12: Format 2, item 14: Format 3, item A.5: Format 4, item A.7.)

• The amount payable to group companies shall be shown separately.

(17)

Formats 1 and 3

• The amount of any provisions for depreciation and diminution in value of tangible and intangible fixed assets falling to be shown under items 7(a) and A.4(a) respectively in Formats 2 and 4 shall be disclosed in a note to the accounts in any case where the profit and loss account is prepared by reference to Format 1 or Format 3.