Search Legislation

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

SECTION BTHE REQUIRED FORMATS FOR ACCOUNTS(1)

Balance sheet formats
Format 1
A.Called up share capital not paid (1)
B.Fixed assets
I.Intangible assets
1.Development costs
2.Concessions, patents, licences, trade marks and similar rights and assets (2)
3.Goodwill (3)
4.Payments on account
II.Tangible assets
1.Land and buildings
2.Plant and machinery
3.Fixtures, fittings, tools and equipment
4.Payments on account and assets in course of construction
III.Investments
1.Shares in group undertakings
2.Loans to group undertakings
3.Participating interests
4.Loans to undertakings in which the company has a participating interest
5.Other investments other than loans
6.Other loans
7.Own shares (4)
C.Current assets
I.Stocks
1.Raw materials and consumables
2.Work in progress
3.Finished goods and goods for resale
4.Payments on account
II.Debtors (5)
1.Trade debtors
2.Amounts owed by group undertakings
3.Amounts owed by undertakings in which the company has a participating interest
4.Other debtors
5.Called up share capital not paid (1)
6.Prepayments and accrued income (6)
III.Investments
1.Shares in group undertakings
2.Own shares (4)
3.Other investments
IV.Cash at bank and in hand
D.Prepayments and accrued income (6)
E.Creditors: amounts falling due within one year
1.Debenture loans (7)
2.Bank loans and overdrafts
3.Payments received on account (8)
4.Trade creditors
5.Bills of exchange payable
6.Amounts owed to group undertakings
7.Amounts owed to undertakings in which the company has a participating interest
8.Other creditors including taxation and social security (9)
9.Accruals and deferred income (10)
F.Net current assets (liabilities) (11)
G.Total assets less current liabilities
H.Creditors: amounts falling due after more than one year
1.Debenture loans (7)
2.Bank loans and overdrafts
3.Payments received on account (8)
4.Trade creditors
5.Bills of exchange payable
6.Amounts owed to group undertakings
7.Amounts owed to undertakings in which the company has a participating interest
8.Other creditors including taxation and social security (9)
9.Accruals and deferred income (10)
I.Provisions for liabilities
1.Pensions and similar obligations
2.Taxation, including deferred taxation
3.Other provisions
J.Accruals and deferred income (10)
K.Capital and reserves
I.Called up share capital (12)
II.Share premium account
III.Revaluation reserve
IV.Other reserves
1.Capital redemption reserve
2.Reserve for own shares
3.Reserves provided for by the articles of association
4.Other reserves
V.Profit and loss account
Balance sheet formats
Format 2
ASSETS
A.Called up share capital not paid (1)
B.Fixed assets
I.Intangible assets
1.Development costs
2.Concessions, patents, licences, trade marks and similar rights and assets (2)
3.Goodwill (3)
4.Payments on account
II.Tangible assets
1.Land and buildings
2.Plant and machinery
3.Fixtures, fittings, tools and equipment
4.Payments on account and assets in course of construction
III.Investments
1.Shares in group undertakings
2.Loans to group undertakings
3.Participating interests
4.Loans to undertakings in which the company has a participating interest
5.Other investments other than loans
6.Other loans
7.Own shares (4)
C.Current assets
I.Stocks
1.Raw materials and consumables
2.Work in progress
3.Finished goods and goods for resale
4.Payments on account
II.Debtors (5)
1.Trade debtors
2.Amounts owed by group undertakings
3.Amounts owed by undertakings in which the company has a participating interest
4.Other debtors
5.Called up share capital not paid (1)
6.Prepayments and accrued income (6)
III.Investments
1.Shares in group undertakings
2.Own shares (4)
3.Other investments
IV.Cash at bank and in hand
D.Prepayments and accrued income (6)
LIABILITIES
A.Capital and reserves
I.Called up share capital (12)
II.Share premium account
III.Revaluation reserve
IV.Other reserves
1.Capital redemption reserve
2.Reserve for own shares
3.Reserves provided for by the articles of association
4.Other reserves
V.Profit and loss account
B.Provisions for liabilities
1.Pensions and similar obligations
2.Taxation, including deferred taxation
3.Other provisions
C.Creditors (13)
1.Debenture loans (7)
2.Bank loans and overdrafts
3.Payments received on account (8)
4.Trade creditors
5.Bills of exchange payable
6.Amounts owed to group undertakings
7.Amounts owed to undertakings in which the company has a participating interest
8.Other creditors including taxation and social security (9)
9.Accruals and deferred income (10)
D.Accruals and deferred income (10)
Notes on the balance sheet formats
(1)Called up share capital not paid

(Formats 1 and 2, items A and C.II.5.)

This item may be shown in either of the two positions given in formats 1 and 2.

(2)Concessions, patents, licences, trade marks and similar rights and assets

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

Amounts in respect of assets are only to 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.

(3)Goodwill

(Formats 1 and 2, item B.I.3.)

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

(4)Own shares

(Formats 1 and 2, items B.III.7 and C.III.2.)

The nominal value of the shares held must be shown separately.

(5)Debtors

(Formats 1 and 2, items C.II.1 to 6.)

The amount falling due after more than one year must be shown separately for each item included under debtors.

(6)Prepayments and accrued income

(Formats 1 and 2, items C.II.6 and D.)

This item may be shown in either of the two positions given in formats 1 and 2.

(7)Debenture loans

(Format 1, items E.1 and H.1 and format 2, item C.1.)

The amount of any convertible loans must be shown separately.

(8)Payments received on account

(Format 1, items E.3 and H.3 and format 2, item C.3.)

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

(9)Other creditors including taxation and social security

(Format 1, items E.8 and H.8 and format 2, item C.8.)

The amount for creditors in respect of taxation and social security must be shown separately from the amount for other creditors.

(10)Accruals and deferred income

(Format 1, items E.9, H.9 and J and format 2, items C.9 and D.)

The two positions given for this item in format 1 at E.9 and H.9 are an alternative to the position at J, but if the item is not shown in a position corresponding to that at J it may be shown in either or both of the other two positions (as the case may require).

The two positions given for this item in format 2 are alternatives.

(11)Net current assets (liabilities)

(Format 1, item F.)

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

(12)Called up share capital

(Format 1, item K.I and format 2, 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.

(13)Creditors

(Format 2, items C.1 to 9.)

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.

Profit and loss account formats(2)
Format 1
(see note (17) below)
1.Turnover
2.Cost of sales (14)
3.Gross profit or loss
4.Distribution costs (14)
5.Administrative expenses (14)
6.Other operating income
7.Income from shares in group undertakings
8.Income from participating interests
9.Income from other fixed asset investments (15)
10.Other interest receivable and similar income (15)
11.Amounts written off investments
12.Interest payable and similar charges (16)
13.Tax on profit or loss on ordinary activities
14.Profit or loss on ordinary activities after taxation
15.Extraordinary income
16.Extraordinary charges
17.Extraordinary profit or loss
18.Tax on extraordinary profit or loss
19.Other taxes not shown under the above items
20.Profit or loss for the financial year
Profit and loss account formats(3)
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)Exceptional amounts written off current assets
8.Other operating charges
9.Income from shares in group undertakings
10.Income from participating interests
11.Income from other fixed asset investments (15)
12.Other interest receivable and similar income (15)
13.Amounts written off investments
14.Interest payable and similar charges (16)
15.Tax on profit or loss on ordinary activities
16.Profit or loss on ordinary activities after taxation
17.Extraordinary income
18.Extraordinary charges
19.Extraordinary profit or loss
20.Tax on extraordinary profit or loss
21.Other taxes not shown under the above items
22.Profit or loss for the financial year
Profit and loss account formats(4)
Format 3
(see note (17) below)
A.Charges
1.Cost of sales (14)
2.Distribution costs (14)
3.Administrative expenses (14)
4.Amounts written off investments
5.Interest payable and similar charges (16)
6.Tax on profit or loss on ordinary activities
7.Profit or loss on ordinary activities after taxation
8.Extraordinary charges
9.Tax on extraordinary profit or loss
10.Other taxes not shown under the above items
11.Profit or loss for the financial year
B.Income
1.Turnover
2.Other operating income
3.Income from shares in group undertakings
4.Income from participating interests
5.Income from other fixed asset investments (15)
6.Other interest receivable and similar income (15)
7.Profit or loss on ordinary activities after taxation
8.Extraordinary income
9.Profit or loss for the financial year
Profit and loss account formats(5)
Format 4
A.Charges
1.Reduction in stocks of finished goods and in work in progress
2.(a)Raw materials and consumables
(b)Other external charges
3.Staff costs
(a)wages and salaries
(b)social security costs
(c)other pension costs
4.(a)Depreciation and other amounts written off tangible and intangible fixed assets
(b)Exceptional amounts written off current assets
5.Other operating charges
6.Amounts written off investments
7.Interest payable and similar charges (16)
8.Tax on profit or loss on ordinary activities
9.Profit or loss on ordinary activities after taxation
10.Extraordinary charges
11.Tax on extraordinary profit or loss
12.Other taxes not shown under the above items
13.Profit or loss for the financial year
B.Income
1.Turnover
2.Increase in stocks of finished goods and in work in progress
3.Own work capitalised
4.Other operating income
5.Income from shares in group undertakings
6.Income from participating interests
7.Income from other fixed asset investments (15)
8.Other interest receivable and similar income (15)
9.Profit or loss on ordinary activities after taxation
10.Extraordinary income
11.Profit or loss for the financial year
Notes on the profit and loss account formats
(14)Cost of sales: distribution costs: administrative expenses

(Format 1, items 2, 4 and 5 and format 3, items A.1, 2 and 3.)

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

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

(Format 1, items 9 and 10; format 2, items 11 and 12; format 3, items B.5 and 6 and format 4, items B.7 and 8.)

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

(16)Interest payable and similar charges

(Format 1, item 12; format 2, item 14; format 3, item A.5 and format 4, item A.7.)

The amount payable to group undertakings must be shown separately.

(17)Formats 1 and 3

The amount of any provisions for depreciation and diminution in value of tangible and intangible fixed assets falling to be shown under items 7(a) and A.4(a) respectively in formats 2 and 4 must be disclosed in a note to the accounts in any case where the profit and loss account is prepared using format 1 or format 3.

(1)

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

(2)

See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

(3)

See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

(4)

See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

(5)

See regulation 4(3)(a) for exemption for medium-sized companies in accounts delivered to registrar of companies.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Instrument

The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Instrument as a PDF

The Whole Instrument you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Instrument

The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources