The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008 No. 409

SCHEDULE 1U.K.COMPANIES ACT INDIVIDUAL ACCOUNTS

Modifications etc. (not altering text)

C1Sch. 1 applied (with modifications) (E.W.S.) (with application in accordance with reg. 2(2) of the amending S.I.) by The Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912), regs. 2(1), 3(2), Sch. 1 (with reg. 2(3)) (as amended (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 34-41)

PART 1U.K.GENERAL RULES AND FORMATS

SECTION BU.K.[F1The required formats for the accounts of companies other than micro-entities]

Textual Amendments

F1Sch. 1 Pt. 1 Section B heading substituted (with effect in accordance with reg. 2(2) of the amending S.I.) by The Small Companies (Micro-Entities Accounts) Regulations 2013 (S.I. 2013/3008), regs. 2(1), 10(3) (with reg. 3)

M1Balance sheet formats

Format 1

A.	Called up share capital not paid (1)

B.	Fixed assets
		I.	Intangible assets
				1.	Goodwill (2)
				2.	Other intangible assets (3)
		II.	Tangible assets
				1.	Land and buildings
				2.	Plant and machinery etc.
		III.	Investments
				1.	Shares in group undertakings and participating interests
				2.	Loans to group undertakings and undertakings in which the company has a participating interest
				3.	Other investments other than loans
				4.	Other investments (4)

C.	Current assets
		I.	Stocks
				1.	Stocks
				2.	Payments on account
		II.	Debtors (5)
				1.	Trade debtors
				2.	Amounts owed by group undertakings and undertakings in which the company has a participating interest
				3.	Other debtors (1)
		III.	Investments
				1.	Shares in group undertakings
				2.	Other investments (4)
		IV.	Cash at bank and in hand

D.	Prepayments and accrued income (6)

E.	Creditors: amounts falling due within one year
				1.	Bank loans and overdrafts
				2.	Trade creditors
				3.	Amounts owed to group undertakings and undertakings in which the company has a participating interest
				4.	Other creditors (7)

F.	Net current assets (liabilities) (8)

G.	Total assets less current liabilities

H.	Creditors: amounts falling due after more than one year
				1.	Bank loans and overdrafts
				2.	Trade creditors
				3.	Amounts owed to group undertakings and undertakings in which the company has a participating interest
				4.	Other creditors (7)

I.	Provisions for liabilities

J.	Accruals and deferred income (7)

K.	Capital and reserves
		I.	Called up share capital (9)
		II.	Share premium account
		III.	Revaluation reserve
		IV.	Other reserves
		V.	Profit and loss account

Marginal Citations

M1A number in brackets following any item is a reference to the note of that number in the notes following the formats.

Balance sheet formats

Format 2

ASSETS

A.	Called up share capital not paid (1)

B.	Fixed assets
		I.	Intangible assets
				1.	Goodwill (2)
				2.	Other intangible assets (3)
		II.	Tangible assets
				1.	Land and buildings
				2.	Plant and machinery etc.
		III.	Investments
				1.	Shares in group undertakings and participating interests
				2.	Loans to group undertakings and undertakings in which the company has a participating interest
				3.	Other investments other than loans
				4.	Other investments (4)

C.	Current assets
		I.	Stocks
				1.	Stocks
				2.	Payments on account
		II.	Debtors (5)
				1.	Trade debtors
				2.	Amounts owed by group undertakings and undertakings in which the company has a participating interest
				3.	Other debtors (1)
		III.	Investments
				1.	Shares in group undertakings
				2.	Other investments (4)
		IV.	Cash at bank and in hand

D.	Prepayments and accrued income (6)

[F2CAPITAL, RESERVES AND LIABILITIES]

A.	Capital and reserves
		I.	Called up share capital (9)
		II.	Share premium account
		III.	Revaluation reserve
		IV.	Other reserves
		V.	Profit and loss account

B.	Provisions for liabilities

C.	Creditors (10)
				1.	Bank loans and overdrafts
				2.	Trade creditors
				3.	Amounts owed to group undertakings and undertakings in which the company has a participating interest
				4.	Other creditors (7)

D.	Accruals and deferred income (7)

Textual Amendments

F2Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(a) (with reg. 3)

Notes on the balance sheet formats

(1)

Called up share capital not paid

(Formats 1 and 2, items A and C.II.3.)

This item may either be shown at item A or included under item C.II.3 in Format 1 or 2.

(2)

Goodwill

(Formats 1 and 2, item B.I.1.)

Amounts representing goodwill must only be included to the extent that the goodwill was acquired for valuable consideration.

(3)

Other intangible assets

(Formats 1 and 2, item B.I.2.)

Amounts in respect of concessions, patents, licences, trade marks and similar rights and assets must only be included in a company's balance sheet under this item if either—

(a)the assets were acquired for valuable consideration and are not required to be shown under goodwill, or

(b)the assets in question were created by the company itself.

(4)

Others: Other investments

(Formats 1 and 2, items B.III.4 and C.III.2.)

Where amounts in respect of own shares held are included under either of these items, the nominal value of such shares must be shown separately.

(5)

Debtors

(Formats 1 and 2, items C.II.1 to 3.)

The amount falling due after more than one year must be shown separately for each item included under debtors [F3and, in the case of format 2, the aggregate amount falling due after more than one year must also be shown].

(6)

Prepayments and accrued income

Textual Amendments

F3Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(b) (with reg. 3)

(Formats 1 and 2, item D.)

This item may alternatively be included under item C.II.3 in Format 1 or 2.

(7)

Other creditors

(Format 1, items E.4, H.4 and J and Format 2, items C.4 and D.)

There must be shown separately—

(a)the amount of any convertible loans, and

(b)the amount for creditors in respect of taxation and social security.

Payments received on account of orders must be included in so far as they are not shown as deductions from stocks.

In Format 1, accruals and deferred income may be shown under item J or included under item E.4 or H.4, or both (as the case may require). In Format 2, accruals and deferred income may be shown under item D or within item C.4 under Liabilities.

(8)

Net current assets (liabilities)

(Format 1, item F.)

In determining the amount to be shown under this item any prepayments and accrued income must be taken into account wherever shown.

(9)

Called up share capital

(Format 1, item K.I and Format 2, Liabilities item A.I.)

The amount of allotted share capital and the amount of called up share capital which has been paid up must be shown separately.

(10)

Creditors

(Format 2, Liabilities items C.1 to 4.)

Amounts falling due within one year and after one year must be shown separately for each of these items and for the aggregate of all of these items F4....

Profit and loss account formats

Format 1
(see note (14) below)

	1.	Turnover

	2.	Cost of sales (11)

	3.	Gross profit or loss

	4.	Distribution costs (11)

	5.	Administrative expenses (11)

	6.	Other operating income

	7.	Income from shares in group undertakings

	8.	Income from participating interests

	9.	Income from other fixed asset investments (12)

	10.	Other interest receivable and similar income (12)

	11.	Amounts written off investments

	12.	Interest payable and similar [F5expenses ] (13)

	13.	Tax on profit or loss F6...

	14.	Profit or loss F7... after taxation

	15.	F8. . .

	16.	F8. . .

	17.	F8. . .

	18.	F8. . .

	19.	Other taxes not shown under the above items

	20.	Profit or loss for the financial year

Profit and loss account formats

Format 2

	1.	Turnover

	2.	Change in stocks of finished goods and in work in progress

	3.	Own work capitalised

	4.	Other operating income

	5.	(a)	Raw materials and consumables
		(b)	Other external charges

	6.	Staff costs
		(a)	wages and salaries
		(b)	social security costs
		(c)	other pension costs

	7.	(a)	Depreciation and other amounts written off tangible and intangible fixed assets
		(b)	[F9Amounts written off current assets, to the extent that they exceed write-offs which are normal in the undertaking concerned]

	8.	Other operating [F10expenses ]

	9.	Income from shares in group undertakings

	10.	Income from participating interests

	11.	Income from other fixed asset investments (12)

	12.	Other interest receivable and similar income (12)

	13.	Amounts written off investments

	14.	Interest payable and similar [F11expenses] (13)

	15.	Tax on profit or loss F12...

	16.	Profit or loss F13... after taxation

	17.	F14. . .

	18.	F14. . .

	19.	F14. . .

	20.	F14. . .

	21.	Other taxes not shown under the above items

	22.	Profit or loss for the financial year

Profit and loss account formats

Format 3
F15...

Profit and loss account formats

Format 4
F16...

Notes on the profit and loss account formats

(11)

Cost of sales: distribution costs: administrative expenses

Textual Amendments

F4Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(c) (with reg. 3)

F5Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(d)(i) (with reg. 3)

F6Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(d)(ii) (with reg. 3)

F7Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(d)(iii) (with reg. 3)

F8Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(d)(iv) (with reg. 3)

F9Words in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(i) (with reg. 3)

F10Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(ii) (with reg. 3)

F11Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(iii) (with reg. 3)

F12Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(iv) (with reg. 3)

F13Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(v) (with reg. 3)

F14Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(e)(vi) (with reg. 3)

F15Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(f) (with reg. 3)

F16Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(g) (with reg. 3)

(Format 1, items 2, 4 and 5 F17....)

Textual Amendments

F17Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(h) (with reg. 3)

These items must be stated after taking into account any necessary provisions for depreciation or diminution in value of assets.

(12)

Income from other fixed asset investments: other interest receivable and similar income

(Format 1, items 9 and 10; Format 2, items 11 and 12; F18....)

Textual Amendments

F18Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(i) (with reg. 3)

Income and interest derived from group undertakings must be shown separately from income and interest derived from other sources.

(13)

Interest payable and similar [F19expenses]

Textual Amendments

F19Word in Sch. 1 Pt. 1 Section B substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(j) (with reg. 3)

(Format 1, item 12; Format 2, item 14; F20....)

Textual Amendments

F20Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(j) (with reg. 3)

The amount payable to group undertakings must be shown separately.

(14)

F21. . .

Textual Amendments

F21Words in Sch. 1 Pt. 1 Section B omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 16(3)(k) (with reg. 3)

F21...

Textual Amendments