单词 | small group |
释义 | small group small group A group that meets two out of three of the following criteria for the current and preceding year, or the two preceding financial years: • its net worth should not exceed £3.26 million net or £3.9 million gross; • its turnover should not exceed £6.5 million net or £7.8 million gross; • the average number of employees should not exceed 50. If a group is in its first financial year, it may still qualify if it falls within these limits. Under the Companies Act, a parent company is not required to prepare group accounts for a financial year in which the group headed by that parent qualifies as a small group. A small group may file abbreviated accounts instead of full accounts with the Registrar of Companies. A group containing a public company, a banking or insurance company, or an authorized person under the Financial Services Act 1986 is ineligible for the exemptions for small groups. Comparemedium-sized group. |
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