(1) A company treated as a small company pursuant to section 8(1) of this Act may, in lieu of complying with the requirements in that behalf in section 7 of this Act, annex to the annual return in relation to the company referred to in the said section 7 a copy of the abridged balance sheet of the company drawn up in accordance with subsection (2) of this section in respect of the period to which the return refers and, notwithstanding section 7 of this Act, the company shall not be required to annex to the return a copy of the profit and loss account of the company or the report of the directors accompanying the balance sheet of the company
(a) Where the directors of a company prepare IFRS individual accounts and the company is to be treated as a small company pursuant to section (8)(1) of this Act, the abridged balance sheet referred to in subsection (1) of this section shall comprise the full balance sheet included in the IFRS individual accounts
(b) Where the directors of a