Regulation 3 Amendment to Schedule 1 to the Small Companies Accounts Regulations

Schedule 1 (Companies Act individual accounts) to the Small Companies Accounts Regulations is amended as follows.

In Section B of Part 2 (accounting principles and rules: historical cost accounting rules), in paragraph 20^f1 (fixed assets: rules for depreciation and diminution in value), after sub-paragraph (1) insert—

“(1A)

But provision made in accordance with paragraph 19(2) in respect of goodwill must not be written back to any extent.”.