(1) Where the directors of a company prepare Companies Act individual accounts and subject to the following provisions of this Part:
(a) every balance sheet of a company shall show the items listed in the balance sheet format set out below in section B of this Chapter of this Schedule; and
(b) every profit and loss account of a company shall show the items listed in either of the profit and loss account formats so set out;
in either case in the order and under the headings and sub-headings given in the format adopted.
(2) Subparagraph (1) above is not to be read as requiring the heading or sub-heading for any item to be distinguished by any number or letter assigned to that item in the format adopted.
(1) Where in accordance with paragraph 1 a company's profit and loss account for any financial year has been prepared by reference to one of the formats set out in section B below, the directors of the company shall adopt the same format in preparing the profit and