The Small Companies and Groups (Accounts and Directors'' Report) Regulations 2008
| Jurisdiction | UK Non-devolved |
| Citation | SI 2008/409 |
| Year | 2008 |
(1) These Regulations may be cited as the Small Companies and Groups (Accounts and Directors' Report) Regulations 2008.(2) In these Regulations “the 2006 Act” means the Companies Act 2006.(1) These Regulations come into force on 6th April 2008.(2) They apply in relation to financial years beginning on or after 6th April 2008.(3) They apply to companies which are subject to the small companies regime under Part 15 of the 2006 Act (see section 381 of that Act (1) F30Subject 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.regulation 5A, orparagraph 1(1A) of Section A in Part 1 of Schedule 1 to these Regulations.(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The report which the directors of a company are required to prepare under section 415 of the 2006 Act (duty to prepare directors' report) must disclose the matters specified in Schedule 5 to these Regulations. is subject to the small companies regime, andhas prepared Companies Act individual accounts in accordance with regulation 3,(2) Accounts are treated as having complied with any provision of Part 1 of Schedule 6 if they comply instead with the corresponding provision of Schedule 6 to the Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008.
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