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Companies Act 1985

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Companies Act 1985

Act of Parliament which governs modern company law in the UK. The act outlines the way companies are set up, run, and wound up. In particular, it defines the difference between a private limited company and a public limited company. The Companies Act is a complex piece of legislation, the bulk of which was introduced in 1985. It was subsequently amended in 1989 to bring the legislation in line with European Union (EU) legislation.


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The consolidated financial statements of ARC International plc have been prepared in accordance with the EU Endorsed International Financial Reporting Standards (IFRS), IFRIC interpretations and the Companies Act 1985 applicable to companies reporting under IFRS.
The 2005 Annual Report, which was filed with the Registrar of Companies on May 31, 2006, includes an unqualified audit report in accordance with Section 235 of the Companies Act 1985.
United Kingdom Companies Act: The financial information contained in this announcement for the quarter ended September, 2006 is unaudited and does not constitute full statutory accounts within the meaning of Section 240 of the United Kingdom Companies Act 1985.
 
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