The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004

12.—(1) Section 246 (special provisions for small companies)(1) is amended as follows.

(2) In subsection (2)–

(a) after “for the year” insert “are Companies Act individual accounts and”; and

(b) for “section 226” substitute “section 226A”.

(3) In subsection (5)(c), after “if” insert “they prepare Companies Act individual accounts and”.

(1)

Section 246 was substituted by section 13 of the Companies Act 1989, and amended by regulation 2(1) of S.I. 1997/220, by regulation 6(1) of S.I. 1997/570 and by regulation 8(1) of S.I. 2000/1430.