{
  "url": "https://openlegislation.uk/companies-act-1985/schedule-4/part-I/chapter-Section/B/crossheading-balance-sheet-formatsn2",
  "json_url": "https://openlegislation.uk/companies-act-1985/schedule-4/part-I/chapter-Section/B/crossheading-balance-sheet-formatsn2.json",
  "legislation": "ukpga/1985/6",
  "legislation_title": "Companies Act 1985",
  "legislation_url": "https://openlegislation.uk/companies-act-1985",
  "path": "schedule/4/part/I/chapter/Section/B/crossheading/balance-sheet-formatsn2",
  "kind": "crossheading",
  "number": null,
  "heading": "Balance Sheet Formats",
  "text": "Format 2\nASSETS\nA. Called up share capital not paid (1)\nB. Fixed assets\nI Intangible assets\n1. Development costs\n2. Concessions, patents, licences, trade marks and similar rights and assets (2)\n3. Goodwill (3)\n4. Payments on account\nII Tangible assets\n1. Land and buildings\n2. Plant and machinery\n3. Fixtures, fittings, tools and equipment\n4. Payments on account and assets in course of construction\nIII Investments\n1. Shares in group undertakings\n2. Loans to group undertakings\n3. Shares in participating interests\n4. Loans to undertakings in which the company has a participating interest\n5. Other investments other than loans\n6. Other loans\n7. Own shares (4)\nC. Current assets\nI Stocks\n1. Raw materials and consumables\n2. Work in progress\n3. Finished goods and goods for resale\n4. Payments on account\nII Debtors (5)\n1. Trade debtors\n2. Amounts owed by group undertakings\n3. Amounts owed by undertakings in which the company has a participating interest\n4. Other debtors\n5. Called up share capital not paid (1)\n6. Prepayments and accrued income (6)\nIII Investments\n1. Shares in group undertakings\n2. Own shares (4)\n3. Other investments\nIV Cash at bank and in hand\nD. Prepayments and accrued income (6)\nLIABILITIES\nA. Capital and reserves\nI Called up share capital (12)\nII Share premium account\nIII Revaluation reserve\nIV Other reserves\n1. Capital redemption reserve\n2. Reserve for own shares\n3. Reserves provided for by the articles of association\n4. Other reserves\nV Profit and loss account\nprovisions for liabilities\n1. Pensions and similar obligations\n2. Taxation including deferred taxation\n3. Other provisions\nC. Creditors (13)\n1. Debenture loans (7)\n2. Bank loans and overdrafts\n3. Payments received on account (8)\n4. Trade creditors\n5. Bills of exchange payable\n6. Amounts owed to group undertakings\n7. Amounts owed to undertakings in which the company has a participating interest\n8. Other creditors including taxation and social security (9)\n9. Accruals and deferred income (10)\nD. Accruals and deferred income (10)\nNotes on the balance sheet formats\n(1) Called up share capital not paid\n(Formats 1 and 2, items A and C.II.5.)\nThis item may be shown in either of the two positions given in Formats 1 and 2.\n(2) Concessions, patents, licences, trade marks and similar rights and assets\n(Formats 1 and 2, item B.I.2.)\nAmounts in respect of assets shall only be included in a company’s balance sheet under this item if either—\n(a) the assets were acquired for valuable consideration and are not required to be shown under goodwill; or\n(b) the assets in question were created by the company itself.\n(3) Goodwill\n(Formats 1 and 2, item B.I.3.)\nAmounts representing goodwill shall only be included to the extent that the goodwill was acquired for valuable consideration.\n(4) Own shares\n(Formats 1 and 2, items B.III.7 and C.III.2.)\nThe nominal value of the shares held shall be shown separately.\n(5) Debtors\n(Formats 1 and 2, items C.II.1 to 6.)\nThe amount falling due after more than one year shall be shown separately for each item included under debtors.\n(6) Prepayments and accrued income\n(Formats 1 and 2, items C.II.6 and D.)\nThis item may be shown in either of the two positions given in Formats 1 and 2.\n(7) Debenture loans\n(Format 1, items E.1 and H.1 and Format 2, item C.1.)\nThe amount of any convertible loans shall be shown separately.\n(8) Payments received on account\n(Format 1, items E.3 and H.3 and Format 2, item C.3.)\nPayments received on account of orders shall be shown for each of these items in so far as they are not shown as deductions from stocks.\n(9) Other creditors including taxation and social security\n(Format 1, items E.8 and H.8 and Format 2, item C.8.)\nThe amount for creditors in respect of taxation and social security shall be shown separately from the amount for other creditors.\n(10) Accruals and deferred income\n(Format 1, items E.9, H.9 and J and Format 2, items C.9 and D.)\nThe two positions given for this item in Format 1 at E.9 and H.9 are an alternative to the position at J, but if the item is not shown in a position corresponding to that at J it may be shown in either or both of the other two positions (as the case may require).\nThe two positions given for this item in Format 2 are alternatives.\n(11) Net current assets (liabilities)\n(Format 1, item F.)\nIn determining the amount to be shown for this item any amounts shown under “prepayments and accrued income” shall be taken into account wherever shown.\n(12) Called up share capital\n(Format 1, item K.1 and Format 2, item A.I.)\nThe amount of allotted share capital and the amount of called up share capital which has been paid up shall be shown separately.\n(13) Creditors\n(Format 2, items C.1 to 9.)\nAmounts falling due within one year and after one year shall be shown separately for each of these items and for the aggregate of all of these items.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 2(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 3(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 4(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 4 Balance Sheet Format 2 Item B: words substituted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 14(1), Sch. 2 para. 4(2)(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 4 Pt. I Section B Note (13) on the Balance sheet formats substituted (2.2.1996) by S.I. 1996/189, reg. 14(1), Sch. 1 para. 3 (with reg. 16)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 4 Pt. I Balance Sheet Formats 1 and 2 and Note (2) amended (31.10.1994) by 1994 c. 26, s. 106(1), Sch. 4 para. 1(2); S.I. 1994/2550, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/6/schedule/4/part/I/chapter/Section/B/crossheading/balance-sheet-formatsn2",
    "retrieved_at": "2026-10-29T10:00:40.159612+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}