{
  "url": "https://openlegislation.uk/companies-act-1985/schedule-8/part-I/chapter-Section/B/crossheading-notes-on-the-balance-sheet-formats",
  "json_url": "https://openlegislation.uk/companies-act-1985/schedule-8/part-I/chapter-Section/B/crossheading-notes-on-the-balance-sheet-formats.json",
  "legislation": "ukpga/1985/6",
  "legislation_title": "Companies Act 1985",
  "legislation_url": "https://openlegislation.uk/companies-act-1985",
  "path": "schedule/8/part/I/chapter/Section/B/crossheading/notes-on-the-balance-sheet-formats",
  "kind": "crossheading",
  "number": null,
  "heading": "Notes on the balance sheet formats",
  "text": "(1)Called up share capital not paid\n(Formats 1 and 2, items A and C.II.3.)\nThis item may either be shown at item A or included under item C.II.3 in Format 1 or 2.\n(2)Goodwill\n(Formats 1 and 2, item B.I.1.)\nAmounts representing goodwill shall only be included to the extent that the goodwill was acquired for valuable consideration.\n(3)Other intangible assets\n(Formats 1 and 2, item B.I.2.)\nAmounts in respect of concessions, patents, licences, trade marks and similar rights and 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(4)Others: Other investments\n(Formats 1 and 2, items B.III.4 and C.III.2.)\nWhere amounts in respect of own shares held are included under either of these items, the nominal value of such shares shall be shown separately.\n(5)Debtors\n(Formats 1 and 2, items C.II.1 to 3.)\nThe amount falling due after more than one year shall be shown separately for each item included under debtors unless the aggregate amount of debtors falling due after more than one year is disclosed in the notes to the accounts.\n(6)Prepayments and accrued income\n(Formats 1 and 2, item D.)\nThis item may alternatively be included under item C.II.3 in Format 1 or 2.\n(7)Other creditors\n(Format 1, items E.4, H.4 and J and Format 2, items C.4 and D.)\nThere shall be shown separately—\n(a)the amount of any convertible loans, and\n(b)the amount for creditors in respect of taxation and social security.\nPayments received on account of orders shall be included in so far as they are not shown as deductions from stocks.\nIn Format 1, accruals and deferred income may be shown under item J or included under item E.4 or H.4, or both (as the case may require). In Format 2, accruals and deferred income may be shown under item D or within item C.4 under Liabilities.\n(8)Net current assets (liabilities)\n(Format 1, item F.)\nIn determining the amount to be shown under this item any prepayments and accrued income shall be taken into account wherever shown.\n(9)Called up share capital\n(Format 1, item K.I 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(10)Creditors\n(Format 2, items C.1 to 4.)\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 unless the aggregate amount of creditors falling due within one year and the aggregate amount of creditors falling due after more than one year is disclosed in the notes to the accounts.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/6/schedule/8/part/I/chapter/Section/B/crossheading/notes-on-the-balance-sheet-formats",
    "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."
}