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Changes over time for: Section 246A
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Version Superseded: 12/11/2004
Status:
Point in time view as at 01/12/2003. This version of this provision has been superseded.
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Changes to legislation:
There are currently no known outstanding effects for the Companies Act 1985, Section 246A.
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[246A Special provisions for medium-sized companiesE+W+S
(1)Subject to section 247A, this section applies where a company qualifies as a medium-sized company in relation to a financial year.
(2)The company’s individual accounts for the year need not comply with the requirements of paragraph 36A of Schedule 4 (disclosure with respect to compliance with accounting standards).
(3)The company may deliver to the registrar a copy of the company’s accounts for the year—
(a)which includes a profit and loss account in which the following items listed in the profit and loss account formats set out in Part I of Schedule 4 are combined as one item under the heading “gross profit or loss”—
Items 1, 2, 3 and 6 in Format 1;
Items 1 to 5 in Format 2;
Items A.1, B.1 and B.2 in Format 3;
Items A.1, A.2 and B.1 to B.4 in Format 4;
(b)which does not contain the information required by paragraph 55 of Schedule 4 (particulars of turnover).
(4)A copy of accounts delivered to the registrar in accordance with subsection (3) shall contain a statement in a prominent position on the copy of the balance sheet, above the signature required by section 233, that the accounts are prepared in accordance with the special provisions of this Part relating to medium-sized companies.]
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