Every year, companies in the UK must confirm that the information held by Companies House is accurate and up to date. This process, known as the confirmation statement (Form CS01), was previously called the annual return.
Companies must confirm the following details:
-Registered office address and locations where company records are stored
-Directors and secretary details
-Shareholder and statement of capital details (if applicable)
-SIC code (Standard Industrial Classification of economic activities)
-Persons with Significant Control (PSC) register
The annual confirmation statement can be submitted online or via post. Companies House typically sends a reminder via email or letter before the due date.
The Importance of Annual Confirmation
The confirmation statement ensures that company records remain accurate and legally compliant. It is a mandatory requirement for limited companies and limited liability partnerships. Additionally, maintaining up-to-date company records is essential when applying for business loans or mortgages.
Company directors are legally responsible for submitting the confirmation statement on time. While directors oversee the process, the company secretary usually prepares and presents the statement for review and signing.
Failure to file the confirmation statement on time is a criminal offense and can result in:
-Prosecution of the company and its directors
-Removal of directors from office
-Possible dissolution of the company
How to Prepare the Annual Confirmation Statement
Preparing a confirmation statement requires meticulous attention to detail. Companies House has specific conditions that must be met, making it crucial to ensure accuracy when filing.
At Capital Counts Company, we offer professional assistance in preparing and submitting confirmation statements, ensuring full compliance with Companies House requirements. Our team handles the entire process, providing peace of mind and protecting your business from potential penalties.
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