| Guvnor

Enforced by: Companies House, FRC
Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader40 Director or Officer8

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

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 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.

Part 1

INTRODUCTION

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.001 Citation and interpretation

s.002 Commencement and application

Part 2

FORM AND CONTENT OF INDIVIDUAL ACCOUNTS

2 of 5 sections shown

s.003 Companies Act individual accounts Regulated

Prepare Companies Act individual accounts in compliance with Schedule 1Trader

s.005 Companies Act individual accounts: micro-entities – notes to the accounts Regulated

You must include one specific note in micro-entity accountsTrader

3 other sections in this Part — procedural and definitional

s.004 Information about related undertakings (Companies Act or IAS individual accounts)

s.005 Information about directors' benefits: remuneration (Companies Act or IAS individual accounts)

s.006 Accounts for delivery to registrar of companies (Companies Act individual accounts)

Part 3

DIRECTORS' REPORT

1 of 1 section shown

s.007 Directors' report Regulated

Disclose Schedule 5 matters in the directors' reportDirector or Officer

Part 4

FORM AND CONTENT OF GROUP ACCOUNTS

1 of 4 sections shown

s.010 Information about related undertakings (Companies Act or IAS group accounts) Regulated

Disclose information about related undertakings in group accounts notesTrader

3 other sections in this Part — procedural and definitional

s.008 Companies Act group accounts

s.009 Information about directors' benefits: remuneration (Companies Act or IAS group accounts)

s.011 Accounts for delivery to registrar of companies (Companies Act group accounts)

Part 5

INTERPRETATION

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.012 Definition of “provisions”

s.013 General interpretation

Schedules

44 of 205 shown

s.sch001 Preliminary Regulated

Follow accounting principles in accounts and disclose any departuresDirector or Officer

s.sch001 Accounting policies and measurement bases must be applied consistently within... Regulated

Apply consistent accounting policies across financial yearsTrader

s.sch001 The amount of any item must be determined on a... Regulated

Prepare accounts on a prudent basis with realised profits onlyTrader

s.sch001 (1) Where a fixed asset investment of a description falling... Regulated

Make provisions for permanent diminution in fixed asset values and discloseTrader

s.sch001 (1) Where the reasons for which any provision was made... Regulated

Write back provisions when reasons cease to applyTrader

s.sch001 (1) Intangible assets must be written off over the useful... Regulated

Write off intangible assets over their useful life and disclose long lifeDirector or Officer

s.sch001 Excess of money owed over value received as an asset item Regulated

Write off and disclose excess debt amounts treated as assetsTrader

s.sch001 Where in accordance with paragraph 1(1A) a company's balance sheet... Regulated

Keep using the same accounts format in later yearsDirector or Officer

s.sch001 Additional information to be provided in case of departure from historical cost accounting rules Regulated

Disclose alternative valuation bases and historical cost comparatives in accounts notesTrader

s.sch001 Revaluation reserve Regulated

Maintain a revaluation reserve when revaluing assetsTrader

s.sch001 Determination of fair value Regulated

Determine fair value of financial instruments using the correct hierarchyTrader

s.sch001 Preliminary Regulated

Present required notes to the accounts in the correct orderTrader

s.sch001 Disclosure of accounting policies Regulated

Disclose accounting policies in your small company accountsTrader

s.sch001 Fixed assets Regulated

Disclose fixed asset movements, depreciation and adjustments in annual accountsDirector or Officer

s.sch001 Where any fixed assets of the company (other than listed... Regulated

Disclose valuation history for fixed assets in your balance sheetTrader

s.sch001 (1) Subject to sub-paragraph (2), the directors must not include... Regulated

Do not include empty headings in your accountsDirector or Officer

s.sch001 Information about fair value of assets and liabilities Regulated

Disclose fair value assumptions, changes, and reserve movements in accountsTrader

s.sch001 Information about revalued fixed assets Regulated

Disclose revaluation reserve movements and original cost in your accountsTrader

s.sch001 Details of indebtedness Regulated

Disclose debts payable after five years and secured debts in accountsTrader

s.sch001 Guarantees and other financial commitments Regulated

Disclose off-balance-sheet financial commitments and guaranteesTrader

s.sch001 Post balance sheet events Regulated

Disclose material post-balance sheet events in your annual accountsTrader

s.sch001 Parent undertaking information Regulated

Disclose details of your parent undertaking in the accountsTrader

s.sch001 Related party transactions Regulated

Disclose material related party transactions in accountsTrader

s.sch001 Where an asset or liability relates to more than one... Regulated

Disclose asset-liability relationships in accountsTrader

s.sch005 Political donations and expenditure Regulated

Disclose political donations and expenditure in directors' reportTrader

s.sch005 (1) If the company (not being the wholly-owned subsidiary of... Regulated

Disclose non-UK political party contributions in directors' reportTrader

s.sch006 (1) The following information with respect to acquisitions taking place... Regulated

Disclose acquisition details in accounts notesTrader

s.sch006 Where during the financial year there has been a disposal... Regulated

Disclose details of significant disposals in group accounts notesTrader

s.sch006 Where an acquisition has taken place in the financial year... Regulated

Disclose acquisition details in notes to accounts when using merger accountingTrader

s.sch006 Deferred tax balances Regulated

Recognise deferred tax balances in consolidated accounts when tax charge is probableTrader

s.sch006 Subsidiary undertakings Regulated

Disclose details of subsidiary undertakings in your accountsTrader

s.sch006 Holdings in subsidiary undertakings Regulated

Disclose shareholdings in subsidiary undertakings in accountsTrader

s.sch006 Financial information about subsidiary undertakings not included in the consolidation Regulated

Disclose financial details of subsidiaries not in group accountsTrader

s.sch006 Joint ventures Regulated

Disclose joint venture details in consolidated accountsTrader

s.sch006 Other significant holdings of parent company or group Regulated

Disclose significant holdings in non-subsidiary undertakingsTrader

s.sch006 (1) The name of the undertaking must be stated. Regulated

State the name and address of each subsidiary undertakingTrader

s.sch006 (1) The information required by paragraphs 32 and 33 must... Regulated

Disclose significant holdings in group accountsDirector or Officer

s.sch006 (1) The name of the undertaking must be stated. Regulated

Disclose details of undertakings in group accountsTrader

s.sch006 Parent undertaking drawing up accounts for larger group Regulated

Disclose your ultimate parent company that prepares group accountsTrader

s.sch006 Identification of ultimate parent company Regulated

Identify and disclose ultimate parent company in accountsDirector or Officer

s.sch006 Any differences of accounting rules as between a parent company's... Regulated

Disclose accounting rule differences between parent and group accountsTrader

s.sch007 Provisions must not be used to adjust the values of... Regulated

Do not use provisions to adjust asset valuesTrader

s.sch008 Staff costs Regulated

Report staff costs in accounts based on all employees under contracts of serviceTrader

s.schedule/1/part/1/crossheading/the/required/format The amount of allotted share capital and the amount of... Regulated

Disclose share capital and called-up capital separately in accountsTrader

161 other schedules

s.sch001 (1) Subject to the following provisions of this Schedule—

s.sch001 Accounting principles

s.sch001 All income and charges relating to the financial year to...

s.sch001 In determining the aggregate amount of any item, the amount...

s.sch001 The opening balance sheet for each financial year shall correspond...

s.sch001 Preliminary

s.sch001 General rules

s.sch001 Rules for depreciation and diminution in value

s.sch001 (1) Where appropriate to the circumstances of a company's business,...

s.sch001 (1) The company's directors may adapt one of the balance...

s.sch001 So far as is practicable, the following provisions of Section...

s.sch001 (1) Where in accordance with paragraph 1(1) a company's balance...

s.sch001 Intangible Assets

s.sch001 Current assets

s.sch001 (1) If the net realisable value of any current asset...

s.sch001 Assets included at a fixed amount

s.sch001 Determination of purchase price or production cost

s.sch001 (1) The purchase price or production cost of—

s.sch001 Substitution of original stated amount where price or cost unknown

s.sch001 Equity method in respect of participating interests

s.sch001 (1) Subject to paragraph 1A any item required to be...

s.sch001 Preliminary

s.sch001 Subject to paragraphs 33 to 35, the amounts to be...

s.sch001 Alternative accounting rules

s.sch001 Application of the depreciation rules

s.sch001 Inclusion of financial instruments at fair value

s.sch001 Hedged items

s.sch001 Other assets that may be included at fair value

s.sch001 (1) Where the special nature of the company's business requires...

s.sch001 Accounting for changes in value

s.sch001 The fair value reserve

s.sch001 Reserves and dividends

s.sch001 Paragraphs 48 to 57 require information which either supplements the...

s.sch001 Share capital

s.sch001 If the company has allotted any shares during the financial...

s.sch001 Investments

s.sch001 (1) This paragraph applies if— (a) the company has financial...

s.sch001 Information where investment property and living animals and plants included at fair value

s.sch001 If any fixed cumulative dividends on the company's shares are...

s.sch001 Miscellaneous matters

s.sch001 Information supplementing the profit and loss account

s.sch001 Every profit and loss account other than one prepared by...

s.sch001 Particulars of turnover

s.sch001 Miscellaneous matters

s.sch001 Sums denominated in foreign currencies

s.sch001 Dormant companies acting as agents

s.sch001 (1) For every item shown in the balance sheet or...

s.sch001 Amounts in respect of items representing assets or income may...

s.sch001 The company's directors must, in determining how amounts are presented...

s.sch002 . . . . . . . . . ....

s.sch003 . . . . . . . . . ....

s.sch004 . . . . . . . . . ....

s.sch005 Introduction

s.sch005 Charitable donations

s.sch005 Disclosure concerning employment etc. of disabled persons

s.sch005 Disclosure required by company acquiring its own shares etc.

s.sch006 General rules

s.sch006 The conditions for accounting for an acquisition as a merger...

s.sch006 (1) The merger method of accounting is as follows.

s.sch006 (1) Where a group is acquired, paragraphs 9 to 11...

s.sch006 (1) There must also be stated in a note to...

s.sch006 The information required by paragraph 13, 14 or 15 need...

s.sch006 Non-controlling interests

s.sch006 Joint ventures

s.sch006 Associated undertakings

s.sch006 (1) The consolidated balance sheet and profit and loss account...

s.sch006 (1) The interest of an undertaking in an associated undertaking,...

s.sch006 Related Party Transactions

s.sch006 Introduction and interpretation

s.sch006 Shares of company held by subsidiary undertakings

s.sch006 Associated undertakings

s.sch006 (1) Where assets and liabilities to be included in the...

s.sch006 (1) There must also be stated— (a) the aggregate amount...

s.sch006 Parent company's or group's membership of certain undertakings

s.sch006 Construction of references to shares held by parent company or group

s.sch006 Amounts that in the particular context of any provision of...

s.sch006 Elimination of group transactions

s.sch006 Acquisition and merger accounting

s.sch006 An acquisition must be accounted for by the acquisition method...

s.sch006 (1) The acquisition method of accounting is as follows.

s.sch007 Definition of “Provisions”

s.sch007 References in these Regulations to provisions for liabilities are to...

s.sch007 At the balance sheet date, a provision must represent the...

s.sch007 Financial assistance for purchase of own shares

s.sch007 Redemption or purchase by private company out of capital

s.sch007 Justification of distribution by references to accounts

s.sch007 Realised losses

s.sch008 Financial instruments

s.sch008 Realised profits and losses

s.sch008 (1) The expressions listed in sub-paragraph (2) have the same...

s.sch008 Fixed and current assets

s.sch008 Historical cost accounting rules

s.sch008 Listed investments

s.sch008 Loans

s.sch008 Materiality

s.sch008 Participating interests

s.sch008 Purchase price

s.schedule/1/part/1/crossheading/the/required/format The amount falling due after more than one year must...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, item D.)

s.schedule/1/part/1/crossheading/the/required/format This item may alternatively be included under item C.II.3 in...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, items E.4, H.4 and J and Format 2,...

s.schedule/1/part/1/crossheading/the/required/format There must be shown separately— (a) the amount of any...

s.schedule/1/part/1/crossheading/the/required/format Payments received on account of orders must be included in...

s.schedule/1/part/1/crossheading/the/required/format In Format 1, accruals and deferred income may be shown...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, item F.)

s.schedule/1/part/1/crossheading/the/required/format In determining the amount to be shown under this item...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, item K.I and Format 2, Liabilities item A.I.)...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, items A and C.II.3.)

s.schedule/1/part/1/crossheading/the/required/format (Format 2, Liabilities items C.1 to 4.)

s.schedule/1/part/1/crossheading/the/required/format Amounts falling due within one year and after one year...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, items 2, 4 and 5 ....)

s.schedule/1/part/1/crossheading/the/required/format These items must be stated after taking into account any...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, items 9 and 10; Format 2, items 11...

s.schedule/1/part/1/crossheading/the/required/format Income and interest derived from group undertakings must be shown...

s.schedule/1/part/1/crossheading/the/required/format (Format 1, item 12; Format 2, item 14; ....)

s.schedule/1/part/1/crossheading/the/required/format The amount payable to group undertakings must be shown separately....

s.schedule/1/part/1/crossheading/the/required/format This item may either be shown at item A or...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, item B.I.1.)

s.schedule/1/part/1/crossheading/the/required/format Amounts representing goodwill must only be included to the extent...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, item B.I.2.)

s.schedule/1/part/1/crossheading/the/required/format Amounts in respect of concessions, patents, licences, trade marks and...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, items B.III.4 and C.III.2.)

s.schedule/1/part/1/crossheading/the/required/format Where amounts in respect of own shares held are included...

s.schedule/1/part/1/crossheading/the/required/format (Formats 1 and 2, items C.II.1 to 3.)

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