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Companies Act 1985
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Changes over time for: Paragraph 25
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 01/12/2003
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 01/12/2003. This version of this provision has been superseded.
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25(1)Subject to the following sub-paragraph, assets which fall to be included—
(a)amongst the fixed assets of a company under the item “tangible assets”; or
(b)amongst the current assets of a company under the item “raw materials and consumables”;may be included at a fixed quantity and value.
(2)Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where—
(a)their overall value is not material to assessing the company’s state of affairs; and
(b)their quantity, value and composition are not subject to material variation.
Determination of purchase price or production cost
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