SCHEDULES

F1F1SCHEDULE 4

Annotations:
Amendments (Textual)

Part II Accounting Principles and Rules

Section A Accounting Principles

Accounting principles

10

The company shall be presumed to be carrying on business as a going concern.

F211

Accounting policies shall be applied consistently within the same accounts and from one financial year to the next.

12

The amount of any item shall be determined on a prudent basis, and in particular—

a

only profits realised at the balance sheet date shall be included in the profit and loss account; and

C1b

all liabilities F4. . . which have arisenF4. . . in respect of the financial year to which the accounts relate or a previous financial year shall be taken into account, including those which only become apparent between the balance sheet date and the date on which it is signed on behalf of the board of directors in pursuance of F3section 233 of this Act.

13

All income and charges relating to the financial year to which the accounts relate shall be taken into account, without regard to the date of receipt or payment.

14

In determining the aggregate amount of any item the amount of each individual asset or liability that falls to be taken into account shall be determined separately.