# Companies Act 1985, Paragraph 20

Extent: E+W+S

(1) Notwithstanding that an item in respect of “development costs” is included under “fixed assets” in the balance sheet formats set out in Part I of this Schedule, an amount may only be included in a small company’s balance sheet in respect of development costs in special circumstances.
(2) If any amount is included in a small company’s balance sheet in respect of development costs the following information shall be given in a note to the accounts—
(a) the period over which the amount of those costs originally capitalised is being or is to be written off; and
(b) the reasons for capitalising the development costs in question.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/8/paragraph/20 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-8/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.