# The Companies (Northern Ireland) Order 1986 (revoked), Paragraph 25: Assets included at a fixed amount

Extent: N.I.

(1) Subject to sub-paragraph (2), assets which fall to be included—
(a) amongst the fixed assets of a company under the item “tangible assets”; or
(b) amongst the current assets of a company under the item “raw materials and consumables”,
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.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/schedule/4/paragraph/25 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/schedule-4/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.