PART 2FORM AND CONTENT OF INDIVIDUAL ACCOUNTS
Companies Act individual accountsC13
1
F3Subject to the following provisions of this regulation and regulation 5A, Companies Act individual accounts under section 396 of the 2006 Act (Companies Act: individual accounts) must comply with the provisions of Schedule 1 to these Regulations as to the form and content of the balance sheet and profit and loss account, and additional information to be provided by way of notes to the accounts.
F21A
Sections C (alternative accounting rules) and D (fair value accounting) in Part 2 of Schedule 1 to these Regulations do not apply to a company which qualifies as a micro-entity in relation to a financial year (see sections 384A and 384B of the 2006 Act) and whose accounts for that year are prepared in accordance with the exemption permitted by—
a
regulation 5A, or
b
paragraph 1(1A) of Section A in Part 1 of Schedule 1 to these Regulations.
F42
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3
Accounts are treated as having complied with any provision of Schedule 1 to these Regulations if they comply instead with the corresponding provision of Schedule 1 to the Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008 M1.
Information about related undertakings (Companies Act or IAS individual accounts)F54
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Information about directors' benefits: remuneration (Companies Act or IAS individual accounts)F65
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F1Companies Act individual accounts: micro-entities – notes to the accounts5A
Nothing in Schedule 1, 2 or 3 to these Regulations requires the Companies Act individual accounts of a company for a financial year in which the company qualifies as a micro-entity (see sections 384A and 384B of the 2006 Act) to contain any information by way of notes to the accounts, except that the company is required to disclose by way of notes to the accounts the information required by paragraph 57 in Part 3 of Schedule 1.
Accounts for delivery to registrar of companies (Companies Act individual accounts)F76
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