{
  "url": "https://openlegislation.uk/draft-small-companies-micro-entities-accounts-regulations-2013/regulation-11",
  "json_url": "https://openlegislation.uk/draft-small-companies-micro-entities-accounts-regulations-2013/regulation-11.json",
  "legislation": "ukdsi/2013/9780111105207",
  "legislation_title": "The Small Companies (Micro-Entities’ Accounts) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-small-companies-micro-entities-accounts-regulations-2013",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Amendment of Part 2 of Schedule 1 (accounting principles and rules)",
  "text": "In Section B of Part 2 of Schedule 1 to the 2008 Regulations (historical cost accounting rules)—\n(a) in paragraph 19 (provisions for diminution in the value of assets), in sub-paragraph (1), after “set out in” insert “Section B of”;\n(b) in paragraph 21 (development costs), for sub-paragraph (1) substitute—\n“(1) Development costs may only in special circumstances be included in “other intangible assets” under “fixed assets” in the balance sheet formats set out in Section B of Part 1 of this Schedule.”;\n(c) in paragraph 26 (assets included at a fixed amount), for sub-paragraph (1) substitute—\n“(1) Subject to sub-paragraph (2), the following may be included at a fixed quantity and value in the balance sheet formats set out in Section B of Part 1 of this Schedule—\n(a) assets which fall to be included amongst the fixed assets of a company under the item “intangible assets”, and\n(b) raw materials and consumables within the item “stocks”.”; and\n(d) in paragraph 28 (purchase price or production cost of stocks and fungible assets), in sub-paragraph (1)(a), after “assets which” insert “, by virtue of regulation 3(1) and Section B of Part 1 of this Schedule,”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111105207/regulation/11",
    "retrieved_at": "2026-10-30T15:14:44.423279+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."
}