# Companies Act 1985, Paragraph 20


The expression “financial year” in this Part means the year in respect of which the accounts of the company or of the business (as the case may be) are made up; and where by reason of any alteration of the date on which the financial year of the company or business terminates the accounts have been made up for a period greater or less than one year, that greater or less period is for purposes of this Part deemed to be a financial year.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/3/paragraph/20 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-3/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.