Reporting changes to Companies House and/or HMRC is a legal requirement. There are many instances when you will have to update your company details and report changes, most of which can be carried out free of charge online. What changes do I need to report? Some of the most common changes you have to report to Companies House…
Companies House informs HMRC when a new company is registered. There is no need for you to contact them yourself. Shortly after company formation, HMRC will post a letter to your registered office address with your company’s Unique Taxpayer Reference (UTR) and form CT41G (Corporation Tax – Information for New Companies). The UTR is very important because…
It is a simple and affordable procedure to form a private limited company in the United Kingdom, even if you are a non-UK resident. The application process and legal requirements are exactly the same for everyone, regardless of where they live. You will have to register your company with Companies House in England and Wales, Scotland or Northern…
The cost to set up a limited company depends entirely upon the way you chose to incorporate with Companies House. There are many options available to you but the most convenient and popular way to form a limited company is through an authorised company formation agent like Rapid Formations. Related: What is a private limited company? …
The Companies House WebCHeck service offers a free search facility of company information. Users of WebCHeck can search for company information by company name or by company registration number. In addition to this search facility, Companies House WebCHeck also offers access to company filing histories. Copies of company documents and reports can be accessed and purchased online…
If you lose the certificate of incorporation for your limited company or Limited Liability Partnership (LLP), don’t worry too much. You can easily get another copy of this document depending on how you set up your company. If you formed your company online through Companies House or a company formation agent, a digital certificate would…
A Certificate of Good Standing is a document you can request from Companies House to confirm that your limited company has been in continuous existence since the date of company formation, that it has adhered to all statutory filing requirements and paid all necessary fees and charges, and that no action is currently being taken…
There is no legal requirement to open and operate a business bank account for a limited company. However, you will find it very difficult to trade and manage your business successfully without one. A separate account will allow you to effectively record and trace all business income and expenditure. If you use a personal account for…
If you have lost your Companies House WebFiling authentication code, the solution depends on how your company was formed: Directly with Companies House; or Using a using a company formation agent. Lost WebFiling authentication code – what to do 1. Companies formed directly with Companies House If your company was registered using Companies House Web…
A company’s financial year is the period of time covered by a company’s annual (‘statutory’) accounts. This is normally 12 months long, except in the first year when the period runs from the date of company formation until the end of the same month the following year. This end-of-year date is known as the ‘accounting reference…
All limited companies registered in the UK are required to prepare financial accounts for Companies House and HMRC each year. These accounts are often referred to as ‘annual accounts’ or ‘statutory accounts’ and they are used to report the financial activity and performance of a business during its most recent financial year. The financial year of a limited company is usually a…
The immediate response from most people would be a resounding “Absolutely not!” The very thought of tackling receipts, paperwork, calculations and taxes doesn’t bear thinking about. However, if you have some prior experience in accounting or bookkeeping and you are confident in your ability to deal with your business finances, you may wish to do your…
