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Changes over time for: Alternative accounting rules
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Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 06/04/2008
Status:
Point in time view as at 01/12/2003.
Changes to legislation:
There are currently no known outstanding effects for the Companies Act 1985, Alternative accounting rules.
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Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Alternative accounting rulesE+W+S
41(1)Intangible fixed assets, other than goodwill, may be included at their current cost.
(2)Tangible fixed assets may be included at a market value determined as at the date of their last valuation or at their current cost.
(3)Investments of any description falling to be included under Assets items 7 (Participating interests) or 8 (Shares in group undertakings) of the balance sheet format and any other securities held as financial fixed assets may be included either:
(a)at a market value determined as at the date of their last valuation; or
(b)at a value determined on any basis which appears to the directors to be appropriate in the circumstances of the company;
but in the latter case particulars of the method of valuation adopted and of the reasons for adopting it shall be disclosed in a note to the accounts.
(4)Securities of any description not held as financial fixed assets (if not valued in accordance with paragraph 34 above) may be included at their current cost.
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