The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024

Chapter 1 of Part 15 (accounts and reports: introduction)

9.—(1) In section 382(3) (companies qualifying as small: general)(1), in the second column of the table—

(a) for “Not more than £10.2 million” substitute “Not more than £15 million”;

(b) for “Not more than £5.1 million” substitute “Not more than £7.5 million”.

(2) In section 383(4) (companies qualifying as small: parent companies)(2), in the second column of the table—

(a) for “Not more than £10.2 million net (or £12.2 million gross)” substitute “Not more than £15 million net (or £18 million gross)”;

(b) for “Not more than £5.1 million net (or £6.1 million gross)” substitute “Not more than £7.5 million net (or £9 million gross)”.

(3) In section 384A(4) (companies qualifying as micro-entities)(3), in the second column of the table—

(a) for “Not more than £632,000” substitute “Not more than £1 million”;

(b) for “Not more than £316,000” substitute “Not more than £500,000”.

(1)

Section 382(3) was amended by S.I. 2015/980.

(2)

Section 383(4) was amended by S.I. 2015/980.

(3)

Section 384A was inserted by S.I. 2013/3008.