SCHEDULES
SCHEDULE 8FORM AND CONTENT OF ACCOUNTS PREPARED BY SMALL COMPANIES
PART IIACCOUNTING PRINCIPLES AND RULES
SECTION CALTERNATIVE ACCOUNTING RULES
Alternative accounting rules
31
1
Intangible fixed assets, other than goodwill, may be included at their current cost.
2
Tangible fixed assets may be included at a market value determined as at the date of their last valuation or at their current cost.
3
Investments of any description falling to be included under item B.III of either of the balance sheet formats set out in Part 1 may be included either—
a
at a market value determined as at the date of their last valuation; or
b
at a value determined on any basis which appears to the directors to be appropriate in the circumstances of the company;
but in the latter case particulars of the method of valuation adopted and of the reasons for adopting it shall be disclosed in a note to the accounts.
4
Investments of any description falling to be included under item C.III of either of the balance sheet formats set out in Part 1 may be included at their current cost.
5
Stocks may be included at their current cost.