Regulation 9 Chapter 1 of Part 15 (accounts and reports: introduction)

(1)

In section 382(3) (companies qualifying as small: general)^f1, in the second column of the table—

(a)

for “Not more than £10.2 million” substitute “Not more than £15 million”;

(b)

for “Not more than £5.1 million” substitute “Not more than £7.5 million”.

(2)

In section 383(4) (companies qualifying as small: parent companies)^f2, in the second column of the table—

(a)

for “Not more than £10.2 million net (or £12.2 million gross)” substitute “Not more than £15 million net (or £18 million gross)”;

(b)

for “Not more than £5.1 million net (or £6.1 million gross)” substitute “Not more than £7.5 million net (or £9 million gross)”.

(3)

In section 384A(4) (companies qualifying as micro-entities)^f3, in the second column of the table—

(a)

for “Not more than £632,000” substitute “Not more than £1 million”;

(b)

for “Not more than £316,000” substitute “Not more than £500,000”.

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