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Companies Act 1985

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Changes over time for: Paragraph 25

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Version Superseded: 06/04/2008

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Point in time view as at 01/12/2003. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Paragraph 25. Help about Changes to Legislation

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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