1(1)Subject to the following provisions of this Schedule—
(a)every balance sheet of a company shall show the items listed in either of the balance sheet formats set out below in section B of this Part; and
(b)every profit and loss account of a company shall show the items listed in any one of the profit and loss account formats so set out;
in either case in the order and under the headings and sub-headings given in the format adopted.
(2)Sub-paragraph (1) above is not to be read as requiring the heading or sub-heading for any item to be distinguished by any letter or number assigned to that item in the format adopted.