SCHEDULES
F1X1 SCHEDULE 8FORM AND CONTENT OF ACCOUNTS PREPARED BY SMALL COMPANIES
Annotations:
Editorial Information
Amendments (Textual)
F1
Sch. 8 substituted (1.3.1997) by S.I. 1997/220, reg. 2(2), Sch. 1
PART II ACCOUNTING PRINCIPLES AND RULES
Section B Historical Cost Accounting Rules
Rules for determining particular fixed asset items
F220
1
Notwithstanding that an item in respect of “development costs” is included under “fixed assets” in the balance sheet formats set out in Part I of this Schedule, an amount may only be included in a small company’s balance sheet in respect of development costs in special circumstances.
2
If any amount is included in a small company’s balance sheet in respect of development costs the following information shall be given in a note to the accounts—
a
the period over which the amount of those costs originally capitalised is being or is to be written off; and
b
the reasons for capitalising the development costs in question.
Sch. 8: the earliest available versions of Sch. 8 and its contents are those having effect on 16.11.1992