Embed Size (px)
DESCRIPTION
All UK Companies have a legal responsibility to keep certain documents. Failure to keep these documents can lead to prosecution and heavy fines.
Citation preview
www.thecompanywarehouse.co.uk
Company Documents: What do UK Companies need in the 1st Year?
www.thecompanywarehouse.co.uk
When you create a UK limited company there are some documents you have to keep.
If you don't you can get prosecuted.
www.thecompanywarehouse.co.uk
1) Statutory Registers
There are seven main documents that make up the statutory registers. These are: Section 113 – Register of Members (Shareholders)Section 162 – Register of DirectorsSection 275 – Register of SecretariesSection 869 – Register of Mortgages and ChargesSection 743 – Register of DebenturesSection 769 – Issue Share CertificatesSection 248 – Minutes of Directors’ and General Meetings
www.thecompanywarehouse.co.uk
1) Statutory Registers
All registered companies need to have these documents and keep them up to date. Failure to keep these documents up to date is a criminal offence.
www.thecompanywarehouse.co.uk
1) Statutory Registers
You can put the statutory registers together yourself or buy a Corporate Compliance Pack
www.thecompanywarehouse.co.uk
2) Annual Returns
Every registered company has to file an annual return. This updates Companies House on changes to the ownership and location of your business.
www.thecompanywarehouse.co.uk
3) Accounting Records All UK registered companies must keep basic accounting
records which show incomings, outgoings, assets and liabilities.
www.thecompanywarehouse.co.uk
4) Audited Company Accounts
All UK registered companies must also keep detailed accounts and have them independently audited. Copies need to go to the shareholders and to Companies House every year.
www.thecompanywarehouse.co.uk
Recap: These are the basic things a standard limited company will need to have in place during their 1st year
● Statutory Registers● Annual Return● Basic Accounts● Detailed Independently Audited Accounts These are non-negotiable legal requirements
www.thecompanywarehouse.co.uk
If you want any help getting your company documents sorted out then please get in touch with us and we will be happy to help.
