C10C7C1C2C4C6Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C10

Pt. 15 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C7

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C2

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C4

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C3C11C9C8C7 Chapter 4Annual accounts

Annotations:
Modifications etc. (not altering text)
C11

Pt. 15 Ch. 4 applied (with modifications) (31.7.2015) by The European Grouping of Territorial Cooperation Regulations 2015 (S.I. 2015/1493), regs. 1(2), 7(1) (with reg. 11)

C9

Pt. 15 Ch. 4 applied (with modifications) by S.I. 2008/565, reg. 3 (as substituted (with effect in accordance with reg. 2(4) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 2 para. 3 (with reg. 2(6)(7)))

C8

Pt. 16 Ch. 1 applied (with modifications) (E.W.S.) (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations 2018 (S.I. 2018/1030), regs. 1(2), 9(4)-(8)

Information to be given in notes to the accounts

C13C5C12411Information about employee numbers and costs

F21

The notes to a company’s annual accounts must disclose the average number of persons employed by the company in the financial year.

1A

In the case of a company not subject to the small companies regime, the notes to the company’s accounts must also disclose the average number of persons within each category of persons so employed.

2

The categories by reference to which the number required to be disclosed by F5subsection (1A) is to be determined must be such as the directors may select having regard to the manner in which the company's activities are organised.

3

The average number required by F4subsection (1) or (1A) is determined by dividing the relevant annual number by the number of months in the financial year.

4

The relevant annual number is determined by ascertaining for each month in the financial year—

a

for the purposes of F3subsection (1), the number of persons employed under contracts of service by the company in that month (whether throughout the month or not);

b

for the purposes of F6subsection (1A), the number of persons in the category in question of persons so employed;

and adding together all the monthly numbers.

F75

Except in the case of a company subject to the small companies regime, the notes to the company’s annual accounts or the profit and loss account must disclose, with reference to all persons employed by the company during the financial year, the total staff costs of the company relating to the financial year broken down between—

a

wages and salaries paid or payable in respect of that year to those persons,

b

social security costs incurred by the company on their behalf, and

c

other pension costs so incurred.

6

In subsection (5)—

  • “pension costs” includes any costs incurred by the company in respect of—

    1. a

      any pension scheme established for the purpose of providing pensions for persons currently or formerly employed by the company,

    2. b

      any sums set aside for the future payment of pensions directly by the company to current or former employees, and

    3. c

      any pensions paid directly to such persons without having first been set aside;

  • “social security costs” means any contributions by the company to any state social security or pension scheme, fund or arrangement.

F17

This section applies in relation to group accounts as if the undertakings included in the consolidation were a single company.