Prospective
PART 3E+W+SAdjustment of non-comparable amounts
Adjustment of prior year items in balance sheet and profit and loss accountE+W+S
3. In paragraph 4(2) of Schedule 4 to the 1985 Act (requirement to adjust non-comparable corresponding amounts in balance sheet and profit and loss account)—
(a)for “shall be adjusted” substitute “may be adjusted”, and
(b)for “particulars of the adjustment and the reasons for it” substitute “particulars of the non-comparability and of any adjustment”.
Commencement Information
I1Reg. 3 in force at 1.10.2005, see reg. 1(3)
Prior year disclosures in notes to accountsE+W+S
4. Omit paragraph 58(2) and (3) of Schedule 4 to the 1985 Act (disclosure of corresponding amounts in notes to accounts)(1).
Commencement Information
I2Reg. 4 in force at 1.10.2005, see reg. 1(3)
Adjustment of prior year items in small company balance sheet and profit and loss accountE+W+S
5. In paragraph 4(2) of Schedule 8 to the 1985 Act (requirement to adjust non-comparable corresponding amounts in balance sheet and profit and loss account of small company)(2)—
(a)for “shall be adjusted” substitute “may be adjusted”, and
(b)for “particulars of the adjustment and the reasons for it” substitute “particulars of the non-comparability and of any adjustment”.
Commencement Information
I3Reg. 5 in force at 1.10.2005, see reg. 1(3)
Prior year disclosures in notes to small company accounts prepared for membersE+W+S
6. Omit paragraph 51(2) and (3) of Schedule 8 to the 1985 Act (disclosure of corresponding amounts in notes to small company accounts prepared for members).
Commencement Information
I4Reg. 6 in force at 1.10.2005, see reg. 1(3)
Prior year disclosures in notes to small company abbreviated accountsE+W+S
7. Omit paragraph 9(2) and (3) of Schedule 8A to the 1985 Act (disclosure of corresponding amounts in notes to small company abbreviated accounts delivered to registrar of companies)(3).
Commencement Information
I5Reg. 7 in force at 1.10.2005, see reg. 1(3)
Adjustment of prior year items in balance sheet and profit and loss account of banking companiesE+W+S
8. In paragraph 4(2) of Schedule 9 to the 1985 Act (requirement to adjust non-comparable corresponding amounts in balance sheet and profit and loss account of banking companies)(4)—
(a)for “shall be adjusted” substitute “may be adjusted”, and
(b)for “particulars of the adjustment and the reasons for it” substitute “particulars of the non-comparability and of any adjustment”.
Commencement Information
I6Reg. 8 in force at 1.10.2005, see reg. 1(3)
Prior year disclosures in notes to accounts of banking companiesE+W+S
9. Omit paragraph 47(2) and (3) of Schedule 9 to the 1985 Act (disclosure of corresponding amounts in notes to banking company accounts).
Commencement Information
I7Reg. 9 in force at 1.10.2005, see reg. 1(3)
Adjustment of prior year items in balance sheet and profit and loss account of insurance companiesE+W+S
10. In paragraph 3(2) of Schedule 9A to the 1985 Act (requirement to adjust non-comparable corresponding amounts in balance sheet and profit and loss account of insurance companies)(5)—
(a)for “shall be adjusted” substitute “may be adjusted”, and
(b)for “particulars of the adjustment and the reasons for it” substitute “particulars of the non-comparability and of any adjustment”.
Commencement Information
I8Reg. 10 in force at 1.10.2005, see reg. 1(3)
Prior year disclosures in notes to accounts of insurance companiesE+W+S
11. Omit paragraph 54(2) and (3) of Schedule 9A to the 1985 Act (disclosure of corresponding amounts in notes to insurance company accounts)(6).
Commencement Information
I9Reg. 11 in force at 1.10.2005, see reg. 1(3)
Paragraph 58 was amended by section 4(2) of, and paragraph 10 of Schedule 1 to, the Companies Act 1989.
Schedule 8 was substituted by regulation 2(2) of, and Schedule 1 to, S.I. 1997/220.
Schedule 8A was inserted by regulation 2(3) of, and Schedule 2 to, S.I. 1997/220.
Parts 1 to 3 of Schedule 9 were inserted before a re-numbered Schedule 9A by regulation 5(1) of, and Schedule 1 to, S.I. 1991/2705. Part 4 of Schedule 9 was substituted by section 18(3) and (4) of, and Part 4 of Schedule 7 to, the Companies Act 1989.
Parts 1 and 2 of Schedule 9 to the Companies Act 1985 were formed into a new Schedule 9A by regulation 5(1) of S.I. 1991/2705. A new Schedule 9A was substituted by regulation 4 of, and Schedule 1 to, S.I. 1993/3246.
Paragraph 54 was substituted by regulation 14(7) of, and paragraphs 1 and 6 of Schedule 5 to, S.I. 1996/189.