# Companies Act 1985, Paragraph 18A

Extent: E+W+S

(1) Accounting policies shall be applied consistently within the same accounts and from one financial year to the next.
(2) If it appears to the directors of a company that there are special reasons for departing from the principle stated in sub-paragraph (1) in preparing the company’s accounts in respect of any financial year, they may do so; but particulars of the departure, the reasons for it and its effect shall be given in a note to the accounts.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9/paragraph/18A (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9/paragraph-18A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.