New to UK company

If you are new to UK company, you can quickly learn the basics. How to take care of your new UK company. Generally, after Companies House issued your certificate of incorporation, you can start your business straight away.

Your business with Companies House do not end there. Thereafter, you must continuously update Companies House with your business progress. For this purpose, you are required to file your company accounts and confirmation statement with Companies House every year.

Another governing body, you must also respect, is the HMRC, the UK Tax Authority.

Here are the legal documents you must prepare and deliver to Companies House and HMRC.

Companies House legal filings

Your to do listDeadline
You must prepare and send your first ever company accounts to Companies House21 months from the date of incorporation
Thereafter, in the subsequent year, you deliver your company accounts to Companies House9 months after your financial year ended

HMRC legal filings

Your to do listDeadline
Work out your corporation tax bill if you made a profit. You must also tell HMRC if you do not make any profit.9 months after your accounting year ended
Prepare and file your company tax return with HMRC12 months to file your CT600 online with HMRC

For Companies House filings, you have the options to file one or file on paper. To file online, you would require your company authentication code. Whereas for filing of company tax return with HMRC is online only. For this purpose, you may use third party accounting software accredited by HMRC.

Normally, people would hire an accountant to take care of their UK company filings for them. If you are new to UK company legality and filings, this may be best way forward if you yourself not familiar with UK company law.

Contact our London accountants if you have any questions about your UK company.

Companies House London office

Companies House London office is moving to a new location in Westminster. The new London office will offer the same registration service and search services to businesses and their customers.

The moving date is 7 October 2019.

Delivery of companies documents

If you usually hand deliver your company accounts, confirmation statements or other companies house forms to Companies House London office, take note of the moving date and new address.

Likewise, if you frequency pick up your company documents in person or via a courier service from the London office. Knowing the moving date would save you from turning up at the old address if they have already moved.

Reminders

For this reason, you may like to put a alert reminder that Companies House London office moving date is 7 October 2019. By doing this, you could save yourself the hassle of accidentally send your courier guy to a wrong address. Hence, this would save your time and avoid additional cost for the same pick up.

Current London office

Companies House
4 Abbey Orchard Street
Westminster
London
SW1P 2HT

New office location from 7 October 2019

Companies House
Ground Floor
80 Petty France
Westminster
London
SW1H 9EX

Contact Telephone number

Companies House London office contact telephone number is still the same, that is 0303 1234 500. The contact centre lines are open between 8.30am to 6pm from Monday to Friday.

Audit exemption statement

Generally, limited company that is classified as small company according to Companies Act 2006 is eligible to claim this audit exemption. In other words, you are allowed to deliver unaudited company accounts to Companies House. Correspondingly, the disclosure would include the audit exemption statement in the balance sheet page.

The audit exemption statement shall be at just above your director’s signatory.

The standard audit exemption statement wording sound like this.

  1. For the year ending (your company’s year end date), the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  4. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The benefit of claiming audit exemption is that you put less information in your company accounts for public register. Why put less information in your company account is good? less information for your competitors.

However, you must not deliver unaudited company account if your shareholders requested an audit on your company accounts. That why in the second paragraph of the audit exemption statement state the member has not requested an audit. Your director’s signatory on the balance sheet page with that statement on it would confirm that is the case legally.

Feel free to contact us if you have any questions about your limited company accounts. Our accountants would be more than happy to help you.

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