# Companies Act 1948, Paragraph 4


(1) The reserves, provisions, liabilities and fixed and current assets shall be classified under headings appropriate to the company's business:
Provided that—
(a) where the amount of any class is not material, it may be included under the same heading as some other class ; and
(b) where any assets of one class are not separable from assets of another class, those assets may be included under the same heading.
(2) Fixed assets shall also be distinguished from current assets.
(3) The method or methods used to arrive at the amount of the fixed assets under each heading shall be stated.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/EIGHTH/paragraph/4 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-EIGHTH/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.