Fixed-asset register
Sterling derives the register from reconciled ledger evidence and keeps non-ledger judgements explicit.
Sterling derives the register from reconciled ledger evidence and keeps non-ledger judgements explicit.
Sterling derives the fixed-asset register
Reviewed · Current · Sterling explanation · Current reviewed treatment; earlier start date not yet established
Sterling derives acquisitions from reconciled ledger evidence and stores only judgements the ledger cannot establish.
The source transaction, accounting decision, date, amount and account code form the asset evidence. The opening pools, asset treatment, disposal links and allowance elections remain explicit append-only assertions, so an earlier correction recomputes later pool balances instead of leaving a stale stored total.
Exceptions and branches
- A ledger entry does not prove car status, emissions, new-and-unused condition, disposal linkage, opening pool balance or election.
Assumptions
- The Statement of Accounts is the current reconciled projection and its evidence identities remain available.
How Sterling builds the register
Trace already holds each reconciled purchase, date, amount, account code and source identity. Sterling derives the register from that evidence and does not store a second asset ledger that can drift away from the books.
Only facts the ledger cannot establish—opening pool balances, whether a vehicle is a car, emissions, new-and-unused status, disposals and claim elections—are kept as explicit, reviewable assertions.
Related concepts
Linked from
Sources
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Capital Allowances Act 2001, section 3 — Section 3(1) and (2). Primary authority.
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Capital Allowances Act 2001, section 51A — Section 51A(2), (5), (6) and (7). Primary authority.
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Capital Allowances Act 2001, section 56 — Section 56(1), (3) and (5). Primary authority.
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Capital Allowances Act 2001, section 62 — Section 62(1). Primary authority.
Knowledge version: sterling-knowledge@2026-09-11.7. Last checked 11 September 2026.