UK Statutory Instrument SI 1997/220 United Kingdom

The Companies Act 1985 (Accounts of Small and Medium-sized Companies and Minor Accounting Amendments) Regulations 1997

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader16 Director or Officer2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. 1 para. 1 (1) Subject to the following provisions of this Schedule— Regulated
  • Use correct format and headings for your small company accountsTrader
sch. 1 para. 20 sch. 1 para. 20 Regulated
  • Disclose development costs write-off period and reasons in accountsTrader
sch. 1 para. 21 sch. 1 para. 21 Regulated
  • Write off goodwill systematically and disclose the chosen periodDirector or Officer
36 other provisions — procedural and definitional
sch. 1 ASSETS
sch. 1 para. 11 sch. 1 para. 11
sch. 1 para. 15 sch. 1 para. 15
sch. 1 para. 19 sch. 1 para. 19
sch. 1 para. 2 (1) Where in accordance with paragraph 1 a small company’s...
sch. 1 para. 3 (1) Any item required in accordance with paragraph 1 to...
sch. 1 para. 4 (1) In respect of every item shown in a small...
sch. 1 para. 5 Amounts in respect of items representing assets or income may...
s.001 Citation, interpretation and commencement
s.002 Special provisions for small companies
s.003 Special provisions for medium-sized companies
s.004 Cases in which special provisions do not apply
s.005 Special auditors' report
s.006 Group accounts prepared by small company
s.006 References in this Part of this Schedule to the items... (opens in a new tab)
s.007 Minor and consequential amendments
s.007 A number in brackets following any item in any of... (opens in a new tab)
s.008 In the notes following the formats— (a) the heading of... (opens in a new tab)
s.009 Called up share capital (opens in a new tab)
s.010 Creditors (opens in a new tab)
s.011 Amounts written off investments (opens in a new tab)
s.012 Interest payable and similar charges (13) (opens in a new tab)
s.013 Tax on profit or loss on ordinary activities (opens in a new tab)
s.014 Profit or loss on ordinary activities after taxation (opens in a new tab)
s.015 Extraordinary income (opens in a new tab)
s.016 Extraordinary charges (opens in a new tab)
s.017 Extraordinary profit or loss (opens in a new tab)
s.018 Tax on extraordinary profit or loss (opens in a new tab)
s.019 Other taxes not shown under the above items (opens in a new tab)
s.020 Profit or loss for the financial year (opens in a new tab)
s.021 Other taxes not shown under the above items (opens in a new tab)
s.022 Profit or loss for the financial year (opens in a new tab)
s.s.a Called up share capital not paid (1)
s.s.b Fixed assets (I) Intangible assets (1) Goodwill (2)
s.s.c Current assets (I) Stocks (1) Stocks (2) Payments on account...
s.s.d Prepayments and accrued income (6)
Schedules

Schedules

15 of 58 shown
s.sch001 Schedule 1 para.24 Regulated
  • Write off excess debt amounts over time before repaymentTrader
s.sch001 Any information required in the case of any small company... Regulated
  • Include required information as a note to accounts if not already in accountsTrader
s.sch001 The accounting policies adopted by the company in determining the... Regulated
  • State your accounting policies in company accountsTrader
s.sch001 If the company has allotted any shares during the financial... Regulated
  • Report share allotment details to Companies HouseTrader
s.sch001 Schedule 1 para.40 Regulated
  • Disclose fixed asset movements and depreciation in annual accountsTrader
s.sch001 Where any fixed assets of the company (other than listed... Regulated
  • Disclose valuation details for fixed assets in your accountsTrader
s.sch001 Schedule 1 para.42 Regulated
  • Disclose listed investments and market values in balance sheetTrader
s.sch001 Schedule 1 para.44 Regulated
  • Disclose long-term and secured debts in company balance sheetTrader
s.sch001 If any fixed cumulative dividends on the company’s shares are... Regulated
  • State details of unpaid fixed cumulative dividends in accountsTrader
s.sch001 Schedule 1 para.49 Regulated
  • Disclose percentage of turnover from non-UK markets in annual accountsDirector or Officer
s.sch002 Any information required in the case of any small company... Regulated
  • Include required information as a note to the accountsTrader
s.sch002 The accounting policies adopted by the company in determining the... Regulated
  • State your accounting policies in the accountsTrader
s.sch002 If the company has allotted any shares during the financial... Regulated
  • Disclose share allotments in your annual accountsTrader
s.sch002 Schedule 2 para.7 Regulated
  • Disclose fixed asset movements and depreciation in your balance sheetTrader
s.sch002 Schedule 2 para.8 Regulated
  • Disclose long-term creditors and secured debts in notes to accountsTrader
43 other schedules
s.sch001 (1) If the net realisable value of any current asset...
s.sch001 Schedule 1 para.25
s.sch001 Schedule 1 para.26
s.sch001 (1) Subject to the qualification mentioned below, the purchase price...
s.sch001 Schedule 1 para.28
s.sch001 (1) The rules set out in section B are referred...
s.sch001 Subject to paragraphs 32 to 34, the amounts to be...
s.sch001 (1) Intangible fixed assets, other than goodwill, may be included...
s.sch001 (1) Where the value of any asset of a small...
s.sch001 (1) This paragraph applies where the amounts to be included...
s.sch001 (1) With respect to any determination of the value of...
s.sch001 Paragraphs 38 to 47 require information which either supplements the...
s.sch001 Schedule 1 para.38
s.sch001 Schedule 1 para.43
s.sch001 Schedule 1 para.46
s.sch001 Schedule 1 para.47
s.sch001 Paragraphs 49 and 50 require information which either supplements the...
s.sch001 Schedule 1 para.50
s.sch001 (1) Where sums originally denominated in foreign currencies have been...
s.sch001 The following paragraphs apply for the purposes of this Schedule...
s.sch001 Schedule 1 para.53
s.sch001 Schedule 1 para.54
s.sch001 Schedule 1 para.55
s.sch001 Schedule 1 para.56
s.sch001 Schedule 1 para.57
s.sch001 References to provisions for liabilities or charges are to any...
s.sch001 Schedule 1 para.59
s.sch001 Creditors: amounts falling due within one year
s.sch001 Net current assets (liabilities) (8)
s.sch001 Total assets less current liabilities
s.sch001 Creditors: amounts falling due after more than one year
s.sch001 Provisions for liabilities and charges
s.sch001 Accruals and deferred income (7)
s.sch001 Capital and reserves (I) Called up share capital (9)
s.sch002 Schedule 2 para.5
s.sch002 Schedule 2 para.9
s.sch002 Creditors: amounts falling due within one year
s.sch002 Net current assets (liabilities)
s.sch002 Total assets less current liabilities
s.sch002 Creditors: amounts falling due after more than one year
s.sch002 Provisions for liabilities and charges
s.sch002 Accruals and deferred income
s.sch002 Capital and reserves (I) Called up share capital

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.