Sch 7 para 24
In paragraph 23(3)— (a) for a period that is a company’s financial year but is not in fact a year, the figure for turnover must be proportionately adjusted, (b) the balance sheet total means the aggregate of the amounts shown as assets in the company’s balance sheet, and (c) the number of employees means the average number of persons employed by the company in the year, determined as follows— (i) find for each month in the financial year the number of persons employed under contracts of service by the company in that month (whether throughout the month or not), (ii) add together the monthly totals, and (iii) divide by the number of months in the financial year.