The paperwork doesn’t end after your initial registration. There are still several important forms you need to submit to Companies House. Failing to do so can result in legal problems later, so it’s worth getting everything sorted out properly from the beginning. Here are the forms you need to submit to the Companies House:
Memorandum and articles of association
The memorandum and articles of association are the rules governing how your company will operate formally. They include critical information about the business such as shareholdings, director’s responsibility and liability, objects, power, and appointment of directors.
Statement of compliance
A statement of compliance is a document that you need to submit once your company has been created. It lets the Companies House know that all information registered with them is correct and up to date. Such information include the address, names, descriptions of all directors, and other information like share capital.
Statement of satisfaction
A statement of satisfaction is used to show that all directors hold a minimum level of qualification for the position. It also shows that they know their duties and responsibilities and how much liability it involves. All directors must state that they are fully liable for any negligence or fraudulent activity that results incorporate harm.
Certificate of incorporation
The certificate of incorporation is the document that shows that you have successfully registered your business at the Companies House. It also confirms that you are legally allowed to trade under your company’s name.
Annual returns
The annual returns form needs to be submitted at least once a year and includes details about officers, share capital, and accounts for the corporation. Every limited company must submit an annual return.
Confirmation statement
A confirmation statement confirms the information included in the Annual returns form. It gives Companies House an annual snapshot of the business ownership and management and carries a filing fee.
Change of details
If any changes to your business partnership occur, such as; a change of name, shareholdings, directors, or treasurer, you must submit a change of details form. It helps keep the Companies House up-to-date with your company records.
What are the penalties for noncompliance with Companies House filings?
All companies are expected to send their reports and accounts to Companies House annually, whether large or small, private or public, trading or non-trading. The company officers are responsible for ensuring all filings and returns are completed on time. The penalties for not filing properly and on time are as follows:
Late penalty for LLP or private company
< 1 month - £150
1-3 months – £375
3-6 months – £750
>6 months – £1500
Late penalty for a public company
< 1 month late - £750
1-3 months – £1500
3-6 months – £3000
>6 months – £7500
