Version Superseded: 06/04/2008
Point in time view as at 12/01/2006.
There are currently no known outstanding effects for the Companies Act 1985, Cross Heading: Assets included at a fixed amount.
F125(1)Subject to the following sub-paragraph, assets which fall to be included—
(a)amongst the fixed assets of a small company under the item “tangible assets”; or
(b)amongst the current assets of a small 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.
Textual Amendments
F1Sch. 8 substituted (1.3.1997) by S.I. 1997/220, reg. 2(2), Sch. 1
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