UK GAAP 2019

Chapter 5FRS 102 – Small entities

• 1 INTRODUCTION
  • 1.1 Background
  • 1.2 Scope of this chapter
  • 1.3 Changes made by the Triennial review 2017
• 2 SUMMARY OF SECTION 1A (AND RELATED CA 2006 REQUIREMENTS)
• 3 KEY DEFINITIONS AND ABBREVIATIONS
• 4 SCOPE OF SMALL ENTITIES REGIME
  • 4.1 Definition of a small entity
  • 4.2 Application of Section 1A
  • 4.3 Small companies regime
    • 4.3.1 Companies qualifying as small – company is not a parent undertaking (size criteria)
    • 4.3.2 Companies qualifying as small – company is a parent undertaking (size criteria)
    • 4.3.3 Companies excluded from the small companies regime
      • 4.3.3.A Relevant definitions for small companies regime
  • 4.4 Small LLPs regime
    • 4.4.1 Size criteria
    • 4.4.2 Excluded LLPs
  • 4.5 Companies in the Republic of Ireland
• 5 EFFECTIVE DATE
  • 5.1 Small entities in the Republic of Ireland
• 6 RECOGNITION AND MEASUREMENT REQUIREMENTS
  • 6.1 Recognition and measurement requirements of FRS 102
  • 6.2 Preparation of consolidated financial statements under Section 1A
    • 6.2.1 Voluntary preparation of consolidated financial statements
    • 6.2.2 Interaction with statutory requirements (where consolidated financial statements are prepared)
  • 6.3 Loans from a director or a close member of his / her family
    • 6.3.1 Background to the exemption
    • 6.3.2 Exemption for certain loans from a director or his/her close family members
    • 6.3.3 Small entity becomes or ceases to be eligible for the exemption in measuring directors' loans at present value
  • 6.4 Transition
• 7 PRESENTATION REQUIREMENTS ...