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The Companies Act 1985 (Accounts of Small and Medium-Sized Enterprises and Audit Exemption) (Amendment) Regulations 2004

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Audit Exemption

4.—(1) Section 249A of the 1985 Act (exemptions from audit for certain categories of small company)(1) is amended as follows.

(2) In subsections (3)(b) and (3A)(b), for “£1 million” substitute “£5.6 million”.

(3) In subsection (3)(c), for “£1.4 million” substitute “£2.8 million”.

(1)

Section 249A was inserted by regulation 2 of S.I. 1994/1935, and amended by regulation 2 of S.I. 1997/936 and by regulation 2 of S.I. 2000/1430.

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