Where
1) the decision maker has all the accounts appropriate to the
business
and
2) the accounts reflect the nature and trading of the
business at the date of application
the decision maker must then decide if they are acceptable
within the meaning of the regs. This does not mean that they must
have been prepared to the standards used by accountants, or even
have been typed. But it does mean that they must, at the very
least, conform to the guidance in DMG37003. If they do not conform
it is not possible to use the period of the profit and loss account
as the assessment period. Instead, the decision maker should use
the period in DMG32051
2 or
3. and that will usually mean asking for further
information.
