Assets of a company that are regularly turned over and can readily be converted into cash, including stocks, work in progress, marketable securities and debtors.

An accounting convention, where assets are valued and depreciated according to their current replacement cost whilst maintaining the operating or financial capital of the business entity.

Current court fees in family proceedings This Practice Note provides information on the key court fees payable for family proceedings in the Family Court and the High Court as set out in Schedule 1 to the Family Proceedings Fees Order 2008 (FPFO 2008), SI 2008/1054. This Practice Note sets out the fees payable from 13 July 2026, for details of fees that were payable before that date see Schedule 3 to the Court and Tribunal Fees (Miscellaneous Amendments) Order 2026, SI 2026/642. The majority of court fees for family matters are contained in the FPFO, SI 2008/1054 which is amended when any of the court fees in Schedule 1 to this SI are changed. The latest changes to the court fees set out in FPFO, SI 2008/1054 can be found in Schedule 3 to the Court and Tribunal Fees (Miscellaneous Amendments) Order 2026, SI 2026/642. A selection of family court fees are detailed in HMCTS Guidance: Family court fees (EX50) and the full list, together with the fee codes is set out in Fees in the Civil

A balance sheet item that equals the debts owed by a company that are due for settlement within 12 months. These include trade creditors, taxes due and bank overdrafts.

Current monthly income describes the amount an individual is presently receiving per calendar month from all sources, used in affordability assessments, maintenance, insolvency contributions and means testing. It is not generally a defined statutory term in the UK or Ireland; it is a descriptive budgeting measure, with figures taken gross (before tax) or net (after tax) depending on the relevant regime or form.Typical inclusions are salary, overtime, bonuses, commission, self-employment profit or drawings, pension, rental income, dividends, state benefits and tax credits, and maintenance received. Where income fluctuates, practitioners commonly average over 3–12 months (or one accounting year for the self-employed). Evidence usually includes recent payslips, bank statements, tax returns, accounts, and award letters.In England & Wales and Northern Ireland, bankruptcy income payment agreements/orders and other insolvency solutions assess monthly surplus income; Scotland uses the Common Financial Tool to set Debtor Contribution Orders; Ireland assesses net disposable income monthly using Reasonable Living Expenses under the personal insolvency and bankruptcy frameworks.In family cases, spousal maintenance and financial remedies use monthly schedules; statutory child maintenance is set on gross weekly income, often converted for budgeting. Across England & Wales, Scotland, Northern Ireland and Ireland, usage is broadly consistent as a practical, source-inclusive, monthly income measure.

A financial ratio which shows how easily the company could pay its bills if all its creditors demanded payment at once. Calculated as: (current assets) divided by (liabilities'>current liabilities). In theory, this figure should be at least 1, because if it’s lower than 1 it means that the company does not have the liquidity to pay all its creditors straight away. That said, some companies, notably supermarkets, happily survive on current ratios of less than 0.5. As always, it’s best to compare the ratio of one company with others in its sector. Over 1.5 suggests excessive caution on the part of management.

The process of shortening the existing leave of persons already in the UK. Leave is either curtailed with immediate effect or the remaining period of leave is shortened, usually to a period of 60 days. A notice of curtailment must be served in writing.

Instructions: please read all of this before filling in the form This form is for use by you if you are an adopter or expected adopter working for the Company who wishes to: • exercise shared parental leave rights and/or claim shared parental pay; and/or • allow the exercise of shared parental leave rights and/or the claiming of shared parental pay by a person (referred to below as the ‘Adopter’s Partner’) who is married to you, or your civil partner or your ‘partner’ (‘partner’ means a person who lives with you, and will live with the child, in an 'enduring family relationship', but is not your child, parent, adoptive parent, former adoptive parent, grandchild, grandparent, brother, sister, half-brother, half-sister, aunt, uncle, niece or nephew). If you are or will be entitled to take statutory adoption leave from your employment with the Company, you must end your entitlement to statutory adoption leave before you will be entitled take shared parental leave. Furthermore, you must either bring your statutory adoption leave to an early end, or

Instructions: please read all of this before filling in the form This form is for use by you if you are a mother or expectant mother working for the Company who wishes to: • exercise shared parental leave rights and/or claim shared parental pay; and/or • allow the exercise of shared parental leave rights and/or the claiming of shared parental pay by a person (referred to below as the ‘Father or Partner’) who is the father or expectant father of the child, and/or married to you, or your civil partner or your ‘partner’ (‘partner’ means a person who lives with you, and will live with the child, in an 'enduring family relationship', but is not your child, parent, adoptive parent, former adoptive parent, grandchild, grandparent, brother, sister, half-brother, half-sister, aunt, uncle, niece or nephew). If you are or will be entitled to take statutory maternity leave from your employment with the Company, your must bring your statutory maternity leave to an early end before you will be entitled take shared parental leave. Furthermore,

A custodial parent is the parent with whom a child primarily lives and who has day‑to‑day care of the child, including routine decision‑making and responsibility for meeting the child’s basic needs. The term is widely used in family law practice, especially in child residence, contact and child maintenance contexts, but is not itself a formal statutory label in the UK or Ireland.In England and Wales, Scotland and Northern Ireland, legislation now refers instead to “residence”, “living with” or “child arrangements orders”, and to “parental responsibility” or “parental responsibilities and rights”. In Ireland, similar concepts arise under guardianship, custody and access orders. Nonetheless, practitioners, courts and agencies (including maintenance authorities and cross‑border enforcement bodies) regularly use “custodial parent” as a convenient shorthand.The custodial parent is typically contrasted with the “non‑custodial parent”, who usually has contact or access rights and may have child maintenance obligations. Identification of the custodial parent is practically significant for jurisdictional issues, benefit entitlement, maintenance assessment and international child abduction proceedings, where habitual residence and primary care arrangements are central.

This Practice Note explores the available custodial sentences for adults. It explains the principles that govern the imposition of life imprisonment under Criminal Justice Act 2003 (CJA 2003) in relation to offences that carry a maximum sentence of life imprisonment. It also examines determinate sentences of imprisonment available for adult offenders. FORTHCOMING CHANGE: The Sentencing Act 2026, which received Royal Assent on 22 January 2026, makes wide-ranging amendments to the Sentencing Code, including release provisions applicable to determinate custodial sentences. Certain provisions of the Act were scheduled to be brought into force from 2 September 2026, with phased commencement dates applying in relation to certain existing prisoners. The government has since announced that the revised early release scheme is now due to come into force on 1 October 2026 to allow services time to prepare. Offenders convicted of rape, serious child sexual offences and grooming offences will join offenders serving indeterminate sentences and extended determinate sentences in being excluded from the changes. This content will be updated when the position is clarified and the relevant

A bank or institution that holds securities for safe-keeping and handles administrative arrangements such as collecting coupons and dividends.