Companies Act 2006

471 Meaning of “annual accounts” and related expressions U.K.

(1) In this Part a company's “annual accounts”, in relation to a financial year, means—

[F1 (a) any individual accounts prepared by the company for that year (see section 394), and]

(b) any group accounts prepared by the company for that year (see sections 398 and 399).

This is subject to section 408 (option to omit individual profit and loss account from annual accounts where information given in [F2 notes to the individual balance sheet]).

(2) In the case of an unquoted company, its “annual accounts and reports” for a financial year are—

(a) its annual accounts,

[F3 (aa) the strategic report (if any),]

(b) the directors' report, and

(c) the auditor's report on those accounts[F4 , the strategic report (where this is covered by the auditor’s report)] and the directors' report (unless the company is exempt from audit).

(3) In the case of a quoted company, its “annual accounts and reports” for a financial year are—

(a) its annual accounts,

(b) the directors' remuneration report,

[F5 (ba) the strategic report (if any),]

(c) the directors' report, and

(d) the auditor's report on those accounts, on the auditable part of the directors' remuneration report[F6 , on the strategic report (where this is covered by the auditor’s report)] and on the directors' report.

Textual Amendments

F1 S. 471(1)(a) substituted (1.10.2012 with application in accordance with reg. 2 of the amending S.I.) by The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 (S.I. 2012/2301), regs. 1, 18

F2 Words in s. 471(1) substituted (with effect in accordance with reg. 2(2) of the amending S.I.) by The Small Companies (Micro-Entities' Accounts) Regulations 2013 (S.I. 2013/3008), regs. 2(1), 7(3) (with reg. 3)

F3 S. 471(2)(aa) inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (S.I. 2013/1970), reg. 1(2)(3), Sch. para. 18(a)(i)

F4 Words in s. 471(2)(c) inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (S.I. 2013/1970), reg. 1(2)(3), Sch. para. 18(a)(ii)

F5 S. 471(3)(ba) inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (S.I. 2013/1970), reg. 1(2)(3), Sch. para. 18(b)(i)

F6 Words in s. 471(3)(d) inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 (S.I. 2013/1970), reg. 1(2)(3), Sch. para. 18(b)(ii)

Modifications etc. (not altering text)

C1 S. 471 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911), reg. 29 (as amended (1.10.2012 with application in accordance with reg. 2 of the amending S.I.) by S.I. 2012/2301, regs. 1, 20(10))

C2 S. 471 applied (with modifications) (1.10.2009) by The Overseas Companies Regulations 2009 (S.I. 2009/1801), reg. 42 (with Sch. 8)

C3 S. 471 applied (with modifications) (1.10.2009) by The Overseas Companies Regulations 2009 (S.I. 2009/1801), reg. 57 (with Sch. 8)

C4 Ss. 471-474 applied (with modifications) (1.10.2009) by S.I. 2009/2436, regs. 3-5, Sch 1 para. 10 (with reg. 7, Sch. 2) (and the said Sch. 1 para. 10 is amended (with application in accordance with reg. 1(3) of the amending S.I.) by The Unregistered Companies (Amendment) Regulations 2013 (S.I. 2013/1972), regs. 1(2), 2(2)(a))