UK: IFRS For SMEs In Your Pocket – UK Edition


In its transition report of December 2000 to the newly formed IASB, the outgoing Board of the International Accounting Standards Committee said "A demand exists for a special version of International Accounting Standards for Small Enterprises".

The IFRS for SMEs, issued by the IASB in July 2009, responds to this demand. It is self-contained, tailored for the needs and capabilities of smaller businesses and is understandable across borders. Compared with full IFRSs (and many national GAAPs), the IFRS for SMEs is written in clear, easily understandable and translatable language and is less complex in a number of ways, including the limitation of accounting policy choices, omitting topics that are not relevant to SMEs, simplifying the principles for recognition and measurement and requiring fewer disclosures.

In the UK, the Accounting Standards Board (ASB) established the principle of a shorter, simpler accounting regime for smaller entities when it issued the Financial Reporting Standard for Small Entities (FRSSE) in 1997. Over the years, that standard has been updated to include all relevant legal provisions so that it provides a 'one-stop shop' for small entities.

The ASB declared in 2002 that "There can be no case for the use in the UK of two sets of wholly different accounting standards in the medium term". That policy led to the partial conversion of some, but not all, UK standards based on IFRS equivalents, with the consequences of added complexity and the need to update those standards as IFRSs changed.

With the issue of IFRS for SMEs, ASB has an opportunity to replace a partially converted set of UK standards with a shorter, simpler, IFRS-based standard. Before that happens, there are a number of reasonably contentious issues for the UK to debate and ASB to resolve. Firstly, which entities should qualify for the simplified regime and which should be required to apply full IFRS? Secondly, should subsidiaries of listed groups be permitted a hybrid regime comprising full IFRS recognition and measurement but reduced disclosure? Thirdly, how should the UK approach not-for-profit entities? Fourthly, is there a continued role for Statements of Recommended Practice?

While it is right that the ASB must debate and resolve these issues, the process so far has been lengthy. Meanwhile, the demand from business to resolve the current uncertainty increases. It is hoped that ASB will move as swiftly as practicable to allow eligible UK companies to choose to move to the IFRS for SMEs.

About this publication

This pocket guide is based on an international version prepared by the Deloitte IFRS global team. It takes each section of the IFRS for SMEs, summarises its requirements and highlights key additional recognition and measurement requirements of full IFRSs issued by the IASB up to 31 December 2009 (with the exception of IFRS 9: Financial Instruments as the IASB's project to replace IAS 39: Financial Instruments: Recognition and Measurement is, at the time of writing, incomplete).

Additional guidance describing the application of the IFRS for SMEs in the UK is added in shaded text.

Deloitte's website provides comprehensive information about international financial reporting in general and IASB activities in particular.

Deloitte UK resources, including an earlier publication 'Choosing your GAAP', may be found at .

Obtaining the IFRS for SMEs

The complete IFRS for SMEs (together with basis for conclusions, illustrative financial statements, and presentation and disclosure checklist) can be downloaded free from .

In addition, the IASCF is in the process of publishing training materials for each section in the IFRS for SMEs which can be downloaded free of charge from .

Obtaining the ASB Policy Proposal

Copies of ASB's 'Policy Proposal: The future of UK GAAP' and other materials related to this project can be downloaded from ASB's website at

Introduction to the IFRS for SMEs

The IFRS for SMEs is a self-contained set of accounting principles that is based on full IFRSs, but that has been simplified for SMEs. The IFRS for SMEs has been organised by topic to make it more like a reference manual – the IASB considers this more user-friendly for SME preparers and users of SME financial statements.

The IFRS for SMEs and full IFRSs are separate and distinct frameworks. Entities that are eligible to apply the IFRS for SMEs, and that choose to do so, must apply the IFRS for SMEs in full (i.e. they are not permitted to 'mix and match' the requirements of the IFRS for SMEs and full IFRSs apart from applying the IFRS for SMEs option to use IAS 39 in respect of the recognition and measurement of financial instruments).

The IFRS for SMEs includes requirements for the development and application of accounting policies in the absence of specific guidance on a particular subject. An entity may, but is not required to, consider the requirements and guidance in full IFRSs dealing with similar and related issues. The following are the key types of simplifications made:

  • some topics in IFRSs are omitted because they are not relevant to typical SMEs;
  • some accounting policy treatments in full IFRSs are not allowed because a simplified method is available to SMEs;
  • simplification of many of the recognition and measurement principles that are in full IFRSs;
  • substantially fewer disclosures; and
  • simplified language and explanations throughout.

The result of these simplifications is that the IFRS for SMEs is roughly 10% the size of full IFRSs and contains approximately ten per cent of the disclosure requirements of full IFRSs.

The IFRS for SMEs does not address the following topics that are dealt with in full IFRSs, because these topics are not generally relevant to SMEs:

  • earnings per share;
  • interim financial reporting;
  • segment reporting;
  • insurance (because entities that sell insurance contracts to the public will generally be classed as publicly accountable); and
  • non-current assets held for sale (although holding for sale is cited as a potential impairment indicator).

The IASB expects to undertake a thorough review of the SMEs' experience in applying the IFRS for SMEs when two years of financial statements using the IFRS have been published by a broad range of entities. An IFRS for SMEs Implementation Group has been established that will be responsible for:

  • encouraging jurisdictions to adopt the IFRS for SMEs;
  • ensuring consistent and high quality implementation across and within jurisdictions;
  • addressing the pervasive implementation questions that inevitably will arise on initial adoption of the standard globally; and
  • identifying and fixing lack of clarity, key omissions, and possible errors in the IFRS for SMEs.

After the initial implementation review, the revision of the IFRS for SMEs will be limited to once in approximately three years, and it will consider new and amended IFRSs that have been developed in the previous three years as well as specific issues that have been identified as possible improvements. On occasion, the IASB may identify a matter for which amendment of the IFRS for SMEs may need to be considered earlier than in the normal three-year cycle. Until the IFRS for SMEs is amended, any changes that may be made or proposed with respect to full IFRSs would not apply to the IFRS for SMEs.

ASB's Policy Proposal: The future of UK GAAP

'UK GAAP' presently comprises three tiers:

  • Full IFRSs – applicable to the consolidated financial statements of EU listed entities under an EU regulation, and available as an option for all other entities under UK law.
  • UK FRSs – applicable to EU listed parent entities, all other medium or large entities, and available as an option for small entities. There are effectively two sub-tiers – those entities which have adopted FRS 26 Financial Instruments: Recognition and Measurement and those which have not.
  • FRSSE – available to small entities.

ASB's Policy Proposal: The future of UK GAAP (continued)

As part of its medium-term strategy to converge UK standards to the IASB framework to the fullest extent possible consistent with the needs of UK and Irish entities, ASB issued a consultation paper 'Policy Proposal: The future of UK GAAP' in August 2009 proposing a new three tier model for UK GAAP:

  • Full IFRS – applicable to all 'publicly accountable' entities.
  • A new single UK FRS based on the IFRS for SMEs – applicable to all large and medium-sized non-publicly accountable entities (including subsidiaries of listed parents), and an option for small entities.
  • FRSSE – available to small entities.

Large entities. The key part of ASB's proposal is the replacement of UK FRSs, SSAPs and UITF statements with a single UK standard, issued by ASB, based on the IFRS for SMEs. Unlike the IFRS for SMEs, which is aimed at SMEs (although it does not contain any size criteria), ASB would extend the scope of the UK equivalent standard expressly to include all large and medium-sized entities who fell outside the definition of 'publicly accountable'. This would therefore include large unlisted entities provided they were not financial institutions which take deposits, or hold assets in a fiduciary capacity, as a primary business (see Section 1 on page 9).

EU directives. Since the standard would be issued as a UK/Irish standard by ASB, it follows that it would need to comply with the EU 4th and 7th Company Law Directives. Where it is established that requirements within the Directives conflict with the IFRS for SMEs, ASB would need to amend the UK/Irish standard to comply with the Directives. In other respects, ASB are understood to favour retaining the IFRS for SMEs without amendment as far as possible.

A fourth tier for subsidiaries? Recognising that accounting policy options under full IFRSs may differ from those under the IFRS for SMEs, some commentators have called for a fourth tier for subsidiaries of listed entities which combines the recognition and measurement features of full IFRS (on which their group policies would be based) and the reduced disclosure requirements of the IFRS for SMEs. To date, ASB has not shown any appetite for such a fourth tier since it would require ASB to introduce and maintain its own schedule of disclosure requirements. The IFRS for SMEs already includes an option to adopt full IFRS recognition and measurement for financial instruments and benefit from reduced disclosures, which is likely to be the area of most frequent mis-match.

Preface to the IFRS for SMEs

The IFRS for SMEs is organised by topic, each presented in a separate section. All of the paragraphs in the Standard have equal authority.

The Standard is appropriate for general purpose financial statements and other financial reporting of SMEs (as defined in Section 1). General purpose financial statements are directed towards the common information needs of a wide range of users, for example, shareholders, creditors, employees and the public at large.

The IASB expects to undertake a thorough review of SMEs' experience in applying the IFRS for SMEs when two years of financial statements using the IFRS have been published by a broad range of entities. The IASB then expects to address issues identified, and also, if appropriate, incorporate recent changes to full IFRSs. Thereafter, a single omnibus proposal of amendments will be issued, if necessary, approximately once every three years.

Implications for the UK

The IFRS for SMEs was issued in July 2009, and was available to IFRS preparers outside the EU immediately. As the IFRS for SMEs has not been endorsed for use in Europe, UK companies are currently unable to apply the Standard. There is no immediate plan for the European Commission to recognise IFRS for SMEs as part of the IAS Regulation.

Timing of UK standard and its update

The ASB's proposal is to adopt the IFRS for SMEs as a replacement for current UK GAAP. Since this proposal is subject to comment and further decision, we cannot be definitive on the timing of issue of a standard in the UK. However, once issued, the UK standard would be expected to be updated on the same three-yearly cycle as its IFRS equivalent. The first review of the content of the IFRS for SMEs and operation by IASB may thus be expected in 2012 based on the experience of preparers applying it in 2010 and 2011.

Section 1. Scope and application

The IFRS for SMEs is for use by entities that have no public accountability and that are required, or choose, to publish general purpose financial statements for external users. Essentially, an entity is considered to have public accountability if:

1. its debt or equity instruments are publicly traded; or

2. it is a financial institution or other entity that, as part of its primary business, holds assets in a fiduciary capacity for a broad group of outsiders. If assets are held in a fiduciary capacity for reasons that are incidental to the entity's primary business, it will not cause the entity to have public accountability, for example, public utilities, travel and real estate agents and not-for-profit entities.

Ultimately, the decision regarding which entities should use the IFRS for SMEs rests with national regulatory authorities and standard-setters – and those bodies may choose to specify more detailed eligibility criteria, including quantified criteria based on revenue, assets etc.

Implications for the UK

The definition of 'SME' in the IFRS for SMEs is very different from the familiar meaning in UK law as it makes no reference to the size of the entity in terms of revenue, assets, or employee numbers. Despite the title the Standard is applicable not only to SMEs but to all entities which do not have public accountability. ASB proposes to retain the IASB definition of 'publicly accountable', but amend it to include 'a deposit-taking entity'. According to ASB's analysis this results in the following publicly accountable entities being required to follow full IFRSs rather than UK standards as currently permitted:

  • Companies and groups traded in 'over-the-counter' markets that are not currently required to follow full IFRSs.
  • Parent entities of listed groups.
  • Banking and insurance subsidiaries meeting the 'deposit-taking' or 'fiduciary capacity' criteria.
  • Investment trusts.
  • Building societies.
  • Co-operatives.
  • Credit Unions.
  • Friendly Societies.

UK law.

ASB's proposal to include large non-publicly accountable entities within the scope of the new UK standard is also subject to there being no changes to UK law on this point, for example extending the meaning of 'publicly accountable' to include all large entities.

Section 2. Concepts and pervasive principles


  • Describes the objective of financial statements, which is to provide information about the financial position, performance and cash flows of SMEs that is useful to a broad range of users.

Summary of IFRS for SMEs

  • Identifies the qualitative characteristics underlying the financial statements.
  • Requires financial statements, excluding cash flow information, to be prepared using the accrual basis of accounting.
  • Describes financial position as the relationship between assets, liabilities and equity.
  • Describes performance as the relationship between income and expenses. Income encompasses both revenue and gains, whereas expenses include both expenses and losses.
  • Defines basic elements of financial statements as well as the concepts for recognition and measurement.
  • Identifies the limited circumstances in which assets and liabilities, or income and expenses can be offset.
  • Specifies certain pervasive principles that an entity should consider in choosing an accounting policy in the absence of specific guidance in the IFRS for SMEs.

Full IFRS requirements

  • Contain concepts of capital and capital maintenance.

Key UK GAAP conversion issues

  • Concepts and principles in line with ASB's Statement of Principles.
  • IFRS term 'valuation allowance' is used for amounts written off assets, e.g. provision for bad debts.

Section 3. Financial statement presentation


  • Explains fair presentation, what a complete set of financial statements is and what compliance with the IFRS for SMEs requires.

Summary of IFRS for SMEs

  • Principles essential for fair presentation of financial statements include:
    • the going concern assumption;
    • consistency of presentation;
    • comparability; and
    • materiality.
  • Financial statements that comply with the IFRS for SMEs should include an explicit and unreserved statement of compliance. In extremely rare circumstances when departure is required to maintain fair presentation, additional disclosures have to be provided.
  • Financial statements are prepared at least annually. When the end of the reporting period changes so that financial statements are presented for a period other than a year, additional disclosures are required.
  • A complete set of financial statements includes each of the following for the current period and the previous comparable period:
    • a statement of financial position;
    • either a single statement of comprehensive income or a separate income statement and a separate statement of comprehensive income;
    • a statement of changes in equity;
    • a statement of cash flows; and
    • notes.
  • A combined statement of income and retained earnings can be presented instead of the separate statements of comprehensive income and changes in equity, if the only changes to equity arise from profit or loss, dividend payments, corrections of errors, and changes in accounting policies.
  • Each financial statement should be presented with equal prominence to the others.
  • Entities may use titles and formats for the individual financial statements other than those specified in the IFRS for SMEs.
  • The financial statements and notes should be clearly identified and distinguished from any other accompanying information.
  • When information not required by the IFRS for SMEs is presented, the basis for preparing and presenting such information should be disclosed.

Full IFRS requirements

  • Require the presentation of a statement of financial position at the beginning of the earliest comparative period when an accounting policy is applied retrospectively or a retrospective restatement or reclassification of items is made in the financial statements.
  • Do not allow the combination of the statement of comprehensive income and statement of changes in equity under any circumstances.

Key UK GAAP conversion issues

" Statement of changes in equity is presented as a primary statement, compared to the reconciliation of movements in shareholders' funds in the notes under UK GAAP.

Section 4. Statement of financial position (Balance sheet)


  • Sets out the information that is to be presented in the statement of financial position.

Summary of IFRS for SMEs

  • Specifies minimum line items to be presented in the statement of financial position and includes guidance for including additional line items, headings and subtotals.
  • Requires a current/non-current distinction for assets and liabilities unless presentation based on liquidity provides more relevant and reliable information.
  • Specifies additional information that can be presented either in the statement of financial position or in the notes.

Full IFRS requirements

  • Require the separate presentation of assets classified as held for sale or assets and liabilities included in a disposal group held for sale.

Key UK GAAP conversion issues

  • Limited change to familiar UK format and in any event would still need to comply with company law formats based on the 4th directive.
  • Option to use new term 'Statement of financial position' rather than 'Balance sheet'.

Section 5. Statement of comprehensive income and income statement


  • Sets out the information that is to be presented in the statement of comprehensive income and income statement.

Summary of IFRS for SMEs

  • Requires the presentation of total comprehensive income either in:
    • a single statement of comprehensive income; or
    • a separate income statement (presenting all items of income and expense) and a separate statement of comprehensive income (presenting all items recognised outside of profit or loss).
  • The only types of other comprehensive income recognised outside of profit or loss are:
    • foreign exchange gains and losses arising on translating the financial statement of a foreign operation;
    • some actuarial gains and losses; and
    • some fair value changes of hedging instruments.
  • Specifies minimum line items to be presented and includes guidance for including additional line items, headings and subtotals.
  • No item of income or expense may be described as 'extraordinary', but unusual items can be presented separately.
  • Analysis of expenses recognised in profit or loss may be presented by nature (such as depreciation, salaries, purchases of materials) or function (such as cost of goods sold, selling expenses, administrative expenses).

Full IFRS requirements

  • More items of comprehensive income recognised outside of profit or loss can arise (e.g. changes in the fair value of available-forsale financial assets and gains on the revaluation of property, plant and equipment and intangible assets).

Key UK GAAP conversion issues

  • New terminology, but similar to P&L account and STRGL, with option to present as two statements or one combined statement.
  • Additional option to show retained profits brought/carried forward where 'STRGL'/equity items are limited to dividends and prior-year adjustments.
  • Discontinued operations presented as a single net item below continuing operations rather than a separate column.
  • No requirement for a note of historical cost profits and losses.

To read this document in its entirety please click here. ( )

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Related Topics
Related Articles
Related Video
Up-coming Events Search
Font Size:
Mondaq on Twitter
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
Email Address
Company Name
Confirm Password
Mondaq Topics -- Select your Interests
 Law Performance
 Law Practice
 Media & IT
 Real Estate
 Wealth Mgt
Asia Pacific
European Union
Latin America
Middle East
United States
Worldwide Updates
Registration (you must scroll down to set your data preferences)

Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice):

  • To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
  • To enable features such as password reminder, news alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our content providers ("Contributors") who contribute Content for free for your use.

Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below.

Mondaq has a "free to view" business model. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

Details of each Contributor to which your personal data will be transferred is clearly stated within the Content that you access. For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice.

Please indicate your preference below:

Yes, I am happy to support Mondaq in maintaining its free to view business model by agreeing to allow Mondaq to share my personal data with Contributors whose Content I access
No, I do not want Mondaq to share my personal data with Contributors

Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq:

Yes, I am happy to received promotional communications from Mondaq
No, please do not send me promotional communications from Mondaq
Terms & Conditions (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Your use of the Website and/or Services constitutes your agreement to the Terms. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.

Use of

To Use you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.

You may use the Website as an unregistered user, however, you are required to register as a user if you wish to read the full text of the Content or to receive the Services.

You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. You may not use electronic or other means to extract details or information from the Content. Nor shall you extract information about users or Contributors in order to offer them any services or products.

In your use of the Website and/or Services you shall: comply with all applicable laws, regulations, directives and legislations which apply to your Use of the Website and/or Services in whatever country you are physically located including without limitation any and all consumer law, export control laws and regulations; provide to us true, correct and accurate information and promptly inform us in the event that any information that you have provided to us changes or becomes inaccurate; notify Mondaq immediately of any circumstances where you have reason to believe that any Intellectual Property Rights or any other rights of any third party may have been infringed; co-operate with reasonable security or other checks or requests for information made by Mondaq from time to time; and at all times be fully liable for the breach of any of these Terms by a third party using your login details to access the Website and/or Services

however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content.

Mondaq reserves the right, in its sole discretion, to take any action that it deems necessary and appropriate in the event it considers that there is a breach or threatened breach of the Terms.

Mondaq’s Rights and Obligations

Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors.

Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.

Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.


The Content is general information only. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. Mondaq and/or its Contributors and other suppliers make no representations about the suitability of the information contained in the Content for any purpose. All Content provided "as is" without warranty of any kind. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. To the maximum extent permitted by law, Mondaq expressly excludes all representations, warranties, obligations, and liabilities arising out of or in connection with all Content. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.


Mondaq may alter or amend these Terms by amending them on the Website. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms.

These Terms shall be governed by and construed in accordance with the laws of England and Wales and you irrevocably submit to the exclusive jurisdiction of the courts of England and Wales to settle any dispute which may arise out of or in connection with these Terms. If you live outside the United Kingdom, English law shall apply only to the extent that English law shall not deprive you of any legal protection accorded in accordance with the law of the place where you are habitually resident ("Local Law"). In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website.

No delay in exercising or non-exercise by you and/or Mondaq of any of its rights under or in connection with these Terms shall operate as a waiver or release of each of your or Mondaq’s right. Rather, any such waiver or release must be specifically granted in writing signed by the party granting it.

If any part of these Terms is held unenforceable, that part shall be enforced to the maximum extent permissible so as to give effect to the intent of the parties, and the Terms shall continue in full force and effect.

Mondaq shall not incur any liability to you on account of any loss or damage resulting from any delay or failure to perform all or any part of these Terms if such delay or failure is caused, in whole or in part, by events, occurrences, or causes beyond the control of Mondaq. Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions.

By clicking Register you state you have read and agree to our Terms and Conditions