# The Energy Savings Opportunity Scheme Regulations 2014, Paragraph 5


In relation to an undertaking the directors of which are required to prepare accounts under section 394 of the Companies Act 2006 (duty to prepare individual accounts)—
(a) the annual turnover and the annual balance sheet total for that undertaking are the annual turnover and annual balance sheet total recorded in those accounts for the financial year ending on, or in the 12 months immediately preceding, the qualification date, or
(b) where those accounts are not based on an accounting period of 12 months in accordance with sub-paragraph (a), a calculation of the annual turnover for a 12 month period, on a pro-rata basis.

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Source: https://www.legislation.gov.uk/uksi/2014/1643/schedule/1/paragraph/5 (the official version)
Page: https://openlegislation.uk/energy-savings-opportunity-scheme-regulations-2014/schedule-1/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.