Limited companies have many obligations to fulfil for Companies House and HM Revenue and Customs (HMRC) on a regular and as-needed basis. As a director, you are legally responsible for maintaining these important company filing and reporting requirements, which include:
- Sending an annual Confirmation Statement to Companies House at least once every 12 months
- Preparing financial accounts for Companies House
- Notifying Companies House about changes to company details
- Filing Company Tax Returns and annual accounts with HMRC
- Paying Corporation Tax
If your company is dormant (not trading) you must notify the Corporation Tax department within HMRC. In this instance, your company will not have any corporation tax requirements until it becomes active, but you will have to prepare dormant accounts and a Confirmation Statement for Companies House each year.
Company filing and reporting requirements for Companies House
1. Annual accounts
Companies House will provide you with an accounting reference date (ARD) when your company is registered. This represents the end of your financial year and is the date to which your annual accounts should be prepared. The ARD will fall on the last day of the month of incorporation. For example: your if your company is registered on March 1st, your ARD will be 31st March the following year.
Accounts must be filed at Companies House within 9 months of your ARD. Full statutory accounts should include:
- A profit and loss account
- A balance sheet signed by a director
- A directors’ report
- An auditors’ report – unless a company qualifies for exemption
- Notes to the accounts
Small companies that qualify for exemption may file abridged accounts.
2. Confirmation statement
A Confirmation Statement should be prepared for Companies House at least once every 12 months. This is a report that confirms important company details at a certain date, including: the registered office address, directors’ details, SIC codes, information about shares and shareholders, and the details held on your PSC register.
With the exception of shareholders’ details and SIC codes, you must tell Companies House about any changes to your company details as soon as possible, although it is considered good practice to do so in any case. Changes to share capital, shareholders’ details, and SIC codes and should be reported when you file a confirmation statement.
Company filing and reporting requirements for HMRC
Companies House will inform HMRC that your company has been incorporated. You will then receive a letter from HMRC to explain your company filing and reporting requirements.
Within 3 months of carrying on any kind of business activity, you must register your company’s trading status as ‘active’ for Corporation Tax purposes. You can do this online. HMRC will then inform you of your accounting period for Corporation Tax. It will begin on the date your business starts trading, and it will usually end on your company’s accounting reference date (ARD).
You must pay corporation tax and file a Company Tax Return with HMRC each year. The deadline for paying Corporation Tax is 9 months and 1 day after your accounting period ends. The deadline for delivering your tax return is 12 months after your accounting period ends. Full annual accounts must be included with each tax return, even if your company qualifies as ‘small’.
How to prepare and file documents at Companies House
The safest and most secure way to deliver statutory information to Companies House is through WebFiling or Software Filing. These services enable the submission and acknowledgement of electronic data sent by companies and LLPs to Companies House. The Software Filing service operates by the electronic transmission of documents to Companies House via an HTTPS link using Extensible Markup Language (XML).
Rapid Formations provides access to electronic filing facilities through an Online Admin Portal. This service is available 24/7 to all clients. Non-clients can create a free account by providing their company number and authentication code and importing their company onto our system.
You can then upload and file documents electronically, deliver annual Confirmation Statements, access and update company details online, and report changes to Companies House quickly and securely.
Filing documents electronically
Documents filed through our Online Admin Portal are formatted in accordance with Companies House’ rules. You will sign these documents by providing your authentication code – this is the electronic equivalent of a unique pen-to-paper signature. Any paper document uploaded and sent via software filing should be on A4 plain white paper. Your company registration number (CRN) and full company name should be placed in a prominent position on the document.
Filing documents by post
Paper documents should be on A4 plain white paper with a matt finish. The text should be black, clear, legible, and of uniform density. Letters and numbers should be clear and legible to enable Companies House to make an acceptable copy of the document.
Each year, approximately 6,000 sets of annual accounts delivered to Companies House are rejected due to inadequate legibility. Stick to the following guidelines to avoid rejection:
- Use black ink or black type
- Use bold lettering (some elegant thin typefaces and pens give poor quality copies)
- Do not send a carbon copy
- Do not use a dot matrix printer
- Keep in mind – photocopies can result in a grey shade that will not scan well
- Use A4 size paper with a good margin
- Supply them in portrait format (that is with the shorter edge across the top)
- Include the company registration number and full company name
If you are delivering documents by post, courier, Document Exchange Service (DX), or Legal Post (in Scotland) and would like a receipt, Companies House will provide an acknowledgement if you enclose a copy of your covering letter with a stamped addressed envelope. Your copy letter will be barcoded with the date of receipt and returned to you in the envelope provided.
Statutory documents will not be accepted by Companies House if they are submitted by fax, email, or in PDF format (except electronically filed certified copies of charge instruments).
What happens to the documents delivered to Companies House?
When you file documents electronically, Companies House will create an electronic image from the data you provide. Paper documents and forms are scanned to produce an electronic image. Original paper documents are stored, and electronic images are used as the working document and reproduced online for the public register.
Can I file documents at Companies House in other languages?
Generally, the law requires that you deliver documents to Companies House in English. However, Welsh companies (those complying with section 88 of the Companies Act 2006) may draw up and deliver certain documents in Welsh without an accompanying certified translation in English. In all other cases, you can deliver the following documents in languages other than English and Welsh if the document is accompanied by a certified translation into English:
- Resolutions and agreements affecting a company’s constitution delivered under Chapter 3 of Part 3 of the Companies Act 2006
- Accounts of larger EEA groups, the group accounts and parent undertaking’s annual report
- Accounts of larger non-EEA groups, the group accounts and, where appropriate, the consolidated annual report
- A charge instrument, or copy charge instrument
- Valuation report required to be delivered to the registrar under section 94(2)(d) of the Companies Act
- Articles of association
- Memorandum of association
- Court orders
Companies may also file voluntary certified translations of any document subject to the First Company Law Directive disclosure requirements. These are:
- The memorandum and articles of association.
- Appointment of a director
- Changes in directors’ particulars
- Termination of a director
- Annual accounts
- Annual confirmation statement
- Change of registered office address
- Winding up documents
- Share capital documents (public companies only)
- Documents relating to mergers and divisions (public companies only)
- Documents relating to overseas companies
Voluntary translations can only be filed in an official language of the European Union and must be accompanied by Form VT01, which will link the translation to the original document.
Set up eReminders for your company filing and reporting requirements
One of the best ways to keep on top of your company filing and reporting requirements is to sign up for Companies House eReminder service. It is completely free and will provide you with timely electronic reminders when your annual accounts and Confirmation Statement filing deadlines are approaching. Your company can select up to 4 email addresses to receive notifications through this service.
How to register for eReminders
- Log into, or register for, WebFiling on the Companies House website
- Select ‘Join eReminders’ when the option is presented to you on the screen
- Add up to four email addresses to receive your filing reminders
- Validate your chosen email address through the email sent by Companies House
- Agree to the eReminder Service Terms of Operation
A second email will be delivered to you confirming your registration for the eReminder Service. To double check that you’re all set up, visit the company overview screen to make sure the eReminder option has a tick next to it.
Companies House eReminder service is a convenient alternative to postal reminders, which you are more likely to misplace. It is such an easy service to sign up for, and you can select up to four email addresses for receiving these reminders, so we highly recommend using it.