# Companies Act 1985, Paragraph 38: Assets included at a fixed amount

Extent: E+W+S+N.I.

(1) Subject to the following sub-paragraph, assets which fall to be included under Assets item F.I.(tangible assets) in the balance sheet format may be included at a fixed quantity and value.
(2) Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where—
(a) their overall value is not material to assessing the company’s state of affairs; and
(b) their quantity, value and composition are not subject to material variation.

---
Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9A/paragraph/38 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9A/paragraph-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.