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SCHEDULE 1U.K.COMPANIES ACT INDIVIDUAL ACCOUNTS: COMPANIES WHICH ARE NOT BANKING OR INSURANCE COMPANIES

PART 1U.K.GENERAL RULES AND FORMATS

SECTION BU.K.THE REQUIRED FORMATS FOR ACCOUNTSM1

Marginal Citations

M1A number in brackets following any item is a reference to the note of that number in the notes following the formats.

Balance sheet formatsU.K.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 undertakings

2.

Loans to group undertakings

3.

Participating interests

4.

Loans to undertakings in which the company has a participating interest

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 undertakings

3.

Amounts owed by undertakings in which the company has a participating interest

4.

Other debtors

5.

Called up share capital not paid (1)

6.

Prepayments and accrued income (6)

III.

Investments

1.

Shares in group undertakings

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 undertakings

7.

Amounts owed to undertakings in which the company has a participating interest

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 undertakings

7.

Amounts owed to undertakings in which the company has a participating interest

8.

Other creditors including taxation and social security (9)

9.

Accruals and deferred income (10)

I.

Provisions for liabilities

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.

[F1Other reserves, including the fair value reserve]

V.

Profit and loss account

Textual Amendments

F1Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(a) (with reg. 3)

Balance sheet formatsU.K.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 undertakings

2.

Loans to group undertakings

3.

Participating interests

4.

Loans to undertakings in which the company has a participating interest

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 undertakings

3.

Amounts owed by undertakings in which the company has a participating interest

4.

Other debtors

5.

Called up share capital not paid (1)

6.

Prepayments and accrued income (6)

III.

Investments

1.

Shares in group undertakings

2.

Own shares (4)

3.

Other investments

IV.

Cash at bank and in hand

D.

Prepayments and accrued income (6)

[F2CAPITAL, RESERVES AND 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.

[F3Other reserves, including the fair value reserve]

V.

Profit and loss account

B.

Provisions for liabilities

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 undertakings

7.

Amounts owed to undertakings in which the company has a participating interest

8.

Other creditors including taxation and social security (9)

9.

Accruals and deferred income (10)

D.

Accruals and deferred income (10)

Textual Amendments

F2Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(b) (with reg. 3)

F3Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(c) (with reg. 3)

Notes on the balance sheet formatsU.K.
(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 are only to 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 are only to 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 must be shown separately.

(5)

Debtors

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

The amount falling due after more than one year must 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)

Debenture loans

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

The amount of any convertible loans must 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 must 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 must be shown separately from the amount for other creditors.

(10)

Other creditors including taxation and social security

(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” must be taken into account wherever shown.

(12)

Net current assets (liabilities)

(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 must be shown separately.

(13)

Creditors

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

Amounts falling due within one year and after one year must be shown separately for each of these items and for the aggregate of all of these items.

Profit and loss account formats M2U.K.Format 1 (see note (17) below)

Marginal Citations

M2See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

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 undertakings

8.

Income from participating interests

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 [F4expenses] (16)

13.

Tax on profit or loss F5...

14.

Profit or loss F6... after taxation

15.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19.

Other taxes not shown under the above items

20.

Profit or loss for the financial year

Textual Amendments

F4Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(d)(i) (with reg. 3)

F5Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(d)(ii) (with reg. 3)

F6Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(d)(iii) (with reg. 3)

F7Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(d)(iv) (with reg. 3)

Profit and loss account formats M3U.K.Format 2

Marginal Citations

M3See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

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 [F8expenses]

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)

[F9 Amounts written off current assets, to the extent that they exceed write-offs which are normal in the undertaking concerned]

8.

Other operating [F10expenses]

9.

Income from shares in group undertakings

10.

Income from participating interests

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 [F11expenses ] (16)

15.

Tax on profit or loss F12...

16.

Profit or loss F13... after taxation

17.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

Other taxes not shown under the above items

22.

Profit or loss for the financial year

Textual Amendments

F8Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(i) (with reg. 3)

F9Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(ii) (with reg. 3)

F10Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(iii) (with reg. 3)

F11Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(iv) (with reg. 3)

F12Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(v) (with reg. 3)

F13Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(vi) (with reg. 3)

F14Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(e)(vii) (with reg. 3)

Profit and loss account formats U.K.Format 3 (see note (17) below)

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F15Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(f) (with reg. 3)

Profit and loss account formatsU.K.Format 4

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F16Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(g) (with reg. 3)

Notes on the profit and loss account formatsU.K.
(14)

Cost of sales: distribution costs: administrative expenses

(Format 1, items 2, 4 and 5 F17...)

These items must 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; F18...)

Income and interest derived from group undertakings must be shown separately from income and interest derived from other sources.

(16)

Interest payable and similar [F19expenses]

(Format 1, item 12; format 2, item 14; F20...)

The amount payable to group undertakings must be shown separately.

(17)

[F21Format 1]

The amount of any provisions for depreciation and diminution in value of tangible and intangible fixed assets falling to be shown under [F22item 7(a) in format 2] must be disclosed in a note to the accounts in any case where the profit and loss account is prepared using format 1 F23...

Textual Amendments

F17Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(h) (with reg. 3)

F18Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(i) (with reg. 3)

F19Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(j) (with reg. 3)

F20Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(j) (with reg. 3)

F21Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(k) (with reg. 3)

F22Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(k)(i) (with reg. 3)

F23Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 27(3)(k)(ii) (with reg. 3)