Compliance Services
Do you understand what your company must do annually to comply with Company law?
From 6 April 2008, the statutory requirement for private companies to have a company secretary has been removed. The post of company secretary is now optional.
The compliance obligations which were traditionally undertaken by the company secretary, such as filing information at Companies House, maintaining statutory registers and minute books will still need to be carried out and the onus will be on the directors to ensure that all legal requirements are complied with. Directors face criminal sanctions and financial penalties for non-compliance. Failure to file an Annual Return or accounts can also result in the company being struck off by Companies House.
If you are not familiar with the compliance duties or compliance service we can ensure that all your company’s statutory requirements are met.
The following services are included in an annual fee:-
Annual Return
Under the Companies Act, every company must submit an Annual Return to Companies House every year. The return contains information as to the share capital, shareholders and officers of the Company. We will ensure that this return is correctly completed and filed with Companies House on your behalf. All you need do is confirm to us the information we hold on file for your company and provide us with the Companies House filing fee, which will allow us to file the annual return electronically.
Annual Accounts
To avoid incurring heavy fines from Companies House, subscribers receive a reminder of the filing deadline and are kept informed of the necessary accounting requirements.
Please note that there is an automatic civil penalty for late filing. The amount depends on how late the accounts are filed at Companies House. The fixed penalties are as follows:-
Length of delay Penalty:
Not more than 1 month - £150
More than 1 month but not more than 3 months - £375
More than 3 months but not more than 6 months - £750
More than 6 months - £1,500
If the Company has not traded, we can assist in preparing Abbreviated Accounts for a dormant company.
Register Maintenance
We can maintain all the necessary registers for your company to ensure your company details are kept up-to-date and ready for inspection.
The annual subscription is £100 + VAT. For further information please contact Derek Ellery on 0141 228 8000 or email: dellery@biggartbaillie.co.uk.
Contacts for Compliance Services