Part VII Accounts and Audit

Chapter IIExemptions, Exceptions and Special Provisions

Small and medium-sized companies and groups

246 Special provisions for small companies

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

246A Special provisions for medium-sized companies

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

247 Qualification of company as small or medium-sized.

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

247A Cases in which special provisions do not apply

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

247B Special auditors’ report

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

248 Exemption for small and medium-sized groups.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

248A Group accounts prepared by small company

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

249 Qualification of group as small or medium-sized.

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F9 Exemptions from audit for certain categories of small company

249A Exemptions from audit

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

249AA Dormant companies

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

249B Cases where exemptions not available

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

249C The report required for the purposes of section 249A(2).

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

249D The reporting accountant

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

249E Effect of exemptions

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

Dormant companies

250. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Listed public companies

251F17Summary financial statement

F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Private companies

252 Election to dispense with laying of accounts and reports before general meeting.

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

253 Right of shareholder to require laying of accounts.

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Unlimited companies

254 Exemption from requirement to deliver accounts and reports.

F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Banking and insurance companies and groups

255 Special provisions for banking and insurance companies.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

255A Special provisions for banking and insurance groups.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

255B Modification of disclosure requirements in relation to banking company or group.

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

255C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

255D Power to apply provisions to banking partnerships.

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Welsh private companies

255E Delivery of accounting documents in Welsh only.

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .