Would you like your address removed from Companies House? Reply

Some directors have been targeted by criminals such as those trying to steal your identity.

If you used your home address as your service address (or ‘correspondence’ address), you can ask Companies House to:

1. remove it from the register
2. withhold it from credit reference agencies – you can only do this in certain circumstances

You’ll need to apply and pay for each of these separately.

You cannot ask to remove your company’s registered office address, even if it’s your home address.

You can ask Companies House to remove your home address from publicly available documents, such as a form to appoint a director.

You’ll need to know which documents contain your home address. Check this by finding your company on the Companies House register.

Download an application form. It costs £55 to remove your address from each document.

Payment details are on the form.

Send your application form and fee to the Registrar of Companies.

The Registrar of Companies
PO Box 4082
Cardiff
CF14 3WE

Ask to have your address withheld from credit reference agencies

You can only do this if you’re at risk of violence or intimidation because of your company’s work. You need to provide proof such as:
# a police incident number if you’ve been attacked
# documentary evidence of a threat or attack, such as photos or recordings
# evidence of possible disruption or targeting, such as by animal rights or other activists
# evidence that you work for an organisation whose activities put you at risk, such as the Secret Intelligence Service

Request an application form by emailing dsr@companieshouse.gov.uk. It costs £100 to apply.

https://www.gov.uk/stop-companies-house-from-publishing-your-address

Do you need extra time to file your accounts? Reply

You can change your company’s year end (also known as its ‘accounting reference date’) to make your company’s financial year run for more or less than 12 months.

You can only do this for your company’s current financial year or the one immediately before it.

Changing your company’s year end will also change your deadline for filing accounts, unless you’re lengthening your company’s first financial year.

https://www.gov.uk/change-your-companys-year-end

If you shorten your year end by 1 day, you will get an extra 3 months from the date of filing the notice to shorten, so for example, if your year end was 31st March and your changed it to 30th March, due to file on 31st December and filed a notice on the 31st December, you could get until the 31st March to file

The rules are in http://www.legislation.gov.uk/ukpga/2006/46/section/442

If the relevant accounting reference period is treated as shortened by virtue of a notice given by the company under section 392 (alteration of accounting reference date), the period is—
(a)that applicable in accordance with the above provisions, or
(b)three months from the date of the notice under that section,
whichever last expires.

steve@bicknells.net

How do you correct errors at Companies House? Reply

Basically there are 2 procedures to correct errors at companies house.

Amending Published Accounts

You must send amended accounts to Companies House on paper.

Amended or corrected accounts must be for the same period as the original accounts.

You must clearly say in your new accounts that they:

  • replace the original accounts
  • are now the statutory accounts
  • are prepared as they were at the date of the original accounts

You must write “amended” on the front – the accounts may be rejected as duplicates if you don’t.

Your original accounts will remain on file at Companies House.

If you only want to amend one part of your accounts, you need to send a note saying what’s been changed. The note must be signed by a director and filed with a copy of the original accounts.

https://www.gov.uk/annual-accounts/corrections-and-amendments

Depending on the changes made you might also need to change the corporation tax returns!

Second Filing of Documents (RP04)

Are you PSC ready? 1

I want you

From the 30th June 2016 all companies will be required to prepare a PSC Register.

You need to start keeping a register of your people with significant control (PSC).

A PSC is someone in your company who:

  • owns more than 25% of the company’s shares
  • holds more than 25% of the company’s voting rights
  • holds the right to appoint or remove the majority of directors
  • has the right to, or actually exercises significant influence or control
  • holds the right to exercise or actually exercises significant control over a trust or company that meets any of the other 4 conditions.

You’ll need to keep your PSC as part of your company register, as these need to be available for inspection.

PSC BBA v2

Failure to comply will result in fines and up to 2 years in prison!

steve@bicknells.net

Have you got a PSC register? Reply

Business team.

The next measure of the Small Business Enterprise and Employment Act comes into force on 6 April 2016.

You now need to start keeping a register of your people with significant control (PSC).

A PSC is someone in your company who:

  • owns more than 25% of the company’s shares
  • holds more than 25% of the company’s voting rights
  • holds the right to appoint or remove the majority of directors
  • has the right to, or actually exercises significant influence or control
  • holds the right to exercise or actually exercises significant control over a trust or company that meets any of the other 4 conditions.

You’ll need to keep your PSC as part of your company register, as these need to be available for inspection.

From 30 June, you’ll start submitting this information when you file your confirmation statements, or when companies, LLPs and SEs are incorporated.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/496738/PSC_register_summary_guidance.pdf

What information needs to be recorded on the register?
For an individual:
•Name
•Service address
•Usual country/state of residence
•Nationality
•Date of birth
•Usual residential address (this will not appear on the public record)
•Date on which the individual became registrable
•Nature of control
For a relevant legal entity:
•Corporate/firm name
•Registered/principal office
•Legal form and governing law
•Applicable company register and number
•Date on which the legal entity became registrable
•Nature of control

Every company will need a PSC register!

 

steve@bicknells.net

Companies House reports are now Free! Reply

Happy businessman with case.

We all like getting something for free, well now you can get free access to 170 million company records.

In line with the government’s commitment to free data, Companies House announced on 22nd June 2015 that all public digital data held on the UK register of companies is now accessible free of charge, on its new public beta search service.

This provides access to over 170 million digital records on companies and directors including financial accounts, company filings and details on directors and secretaries throughout the life of the company.

As a result, it will be easier for businesses and members of the public to research and scrutinise the activities and ownership of companies and connected individuals. Last year (2013/14), customers searching the Companies House website spent £8.7 million accessing company information on the register.

steve@bicknells.net

Companies House reports will be Free in 2015 Reply

Businessman get idea

Its time to review your subscription to company information databases!

Companies House is to make all of its digital data available free of charge. This will make the UK the first country to establish a truly open register of business information.

As a result, it will be easier for businesses and members of the public to research and scrutinise the activities and ownership of companies and connected individuals. Last year (2013/14), customers searching the Companies House website spent £8.7 million accessing company information on the register.

Until it becomes free in 2015, you will still have to pay

Companies House WebCHeck Charges
Company accounts £1
Annual return £1
Company record report £1
Current appointments report FREE
Monitor Service (per company, per year) FREE

This change will come into effect from the second quarter of 2015 (April – June).

steve@bicknells.net

 

Do I need to prepare Group Accounts? Reply

 

If your Group passes 2 out of 3 of the following tests then you are Medium.

Group Table

In the first year you become Medium you are exempt from preparing Group Accounts but if you are Medium 2 years in a row you will need to prepare Group Accounts.

Group

 

steve@bicknells.net

 

 

 

First there was Fair Trade, now there is Fair Tax…… 2

The Fair Trade Mark is now common place on goods we buy ensuring that workers aren’t exploited, but now there is a new mark, the Fair Tax Mark.

The Fair Tax Mark Criteria assess the quality of a business’ publicly available information on key tax and transparency issues. In this context, publicly available information primarily means a full set of accounts available to all via Companies House or the company website. However, it can also include the company website and/or any other freely available printed material.

For every business type, the criteria are divided into two main categories that assess a business on:

  • Transparency

  • Tax rate, disclosure and avoidance

http://www.fairtaxmark.net/

Will your business be applying to use the Fair Tax Mark? would you buy more from a business that uses the Mark?

steve@bicknells.net

Less restrictions on company names – would you like a new name? Reply

Logotype high-tech

Choosing a company name got a little easier as a result of changes in October 2013….

Measures to cut the list of ‘sensitive’ names that startup businesses must get approval for, prior to setting up, were announced by Business Minister Jo Swinson back in October.

Businesses that want to use words such as ‘Authority’, ‘Board’, ‘European’, ‘Group’, ‘International’ and ‘National’ will no longer have to get prior approval from Companies House, or a specified body. The same also applies to their Welsh and Gaelic equivalents. This red tape cutting exercise will result in a quicker process for companies wishing to use a ‘sensitive’ word or expression in their registered name.

The words and expressions to be retained are those which, when misused, are likely to cause confusion as to what the business actually does or has the legal authority to do. These words, amongst others, include ‘Accredited’, ‘Bank’, ‘Chamber of’, ‘Charity’, ‘Institute’, ‘Government’, and ‘University.’ The word ‘Sheffield’ is to be retained on the list after responses to the consultation showed support to keep it. The same applies to national words such as ‘English’, ‘Scottish, ‘Northern Irish’, ‘Welsh’ and ‘Cymru.’

Would you like to use a previously restricted name?

steve@bicknells.net