Under the UK company law, directors have the responsibilities to ensure their companies’ information is up to date with Companies House.
Directors are required to arrange company accounts to be prepared in compliant to Companies Act 2006 and file with Companies House within the statutory dateline. Small companies often seek professional accountants help in compiling their accounts. There is late filing penalty if accounts are delivered late to Companies House.
Directors are to prepare and file Annual Return on time to Companies House, giving a snapshot of the company officers details, registered office and shares structure at as the annual return date set by Companies House. Companies House will strike off companies that failed to file their Annual Return on time.
Directors are to review and update details of all company directors and secretaries registered with Companies House if there are changes from time to time.
Directors are to ensure Companies House has the up to date company registered office address and inform the registrar of companies of the Single Alternative Inspection Location (SAIL) address if the company records and registers are not kept at the registered office.
All person directors holding office must be aged 16 and there must be at least one person director holding office at all times. The law allows public limited company (PLC) directors aged over 70.
Directors have a duty to avoid and declare conflicts of interest and not to accept benefits from third parties.
Concise Accountancy – Making limited company administration simple for small companies
