FRS 105 operating lease commitment for rent

FRS 105 operating lease commitment for rent

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Hi,

I wondered how others are disclosing operating lease commitments under FRS 105?

15.17  A micro-entity shall determine the amount of any financial commitments, guarantees and contingencies not recognised in the statement of financial position arising from operating leases and disclose that amount within the total amount of financial commitments, guarantees and contingencies (see paragraph 6A.2).

I have seen various model accounts but I have not been able to find an example for a standard operating lease. Any suggested wording would be appreciated.

Many thanks

 

 

 

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