Company House Accounts
If you’re a business owner, you have probably been advised by a few people to register and file with Company House. They are absolutely right. Registering and filing with Company House is an absolute necessity for your business. But what is Company House and what are its functions? If you’re new to business, you might not be familiar with Company House, but it’s important to understand what it is and how it functions for your business. We have all the Company House information you need to get started.
At RS Accountancy, we have many years of experience registering and filing with Company House. Our experts can help with all aspects of using Company House, so contact us today to get started.
What is Company House? The Key Company House Information
Put simply, Company House is a government section within the Department for Business, Skills and Innovation that manages the regulation and incorporation of limited companies and limited liability partnerships in the UK. It functions as the official registrar of companies in Northern Ireland, Scotland, England and Wales. Company House is charged with inspecting and maintaining all information on limited companies and Limited liability companies. As such, it is essential that your company is registered.
Did you know that all the information registered with Company House is publically accessible to both the general public and other businesses? A simple online search can pull up the information on registered companies, including yours. The service is all online and easy to use. Moreover, the online data is free, so anyone can easily search, inspect and monitor the ownership, reliability and actions of companies based in the UK. Although this may seem a little daunting, the benefit is that it encourages corporate transparency; your customers and clients will be able to readily verify your credibility.
Should I register and how do I register with company house?
There are over 3 million limited companies on the register of Company House, with roughly 550,000 new companies incorporated each year. If you’re unsure whether you should register with Company House, check out our list below of the different types of businesses that can be incorporated into Company House:
- Public limited company
- Limited liability partnership
- Limited partnership
- Private limited company by share
- Private unlimited company
- Limited company by guarantee (AKA: no share capital)
- European public businesses
- European economic interest groupings (GP04)
- International companies
Please note that Company House does not deal with unincorporated business structures. So, if you have a general partnership or are a sole trader, you are not eligible to be incorporated.
If your business does come under any of the types of business in the list, then we can register your company for you. Registration can be done online or by sending a paper application by post.
Company House services
Company House provides postal and online company formation services and maintains a detailed public register of all incorporated companies. However, Company House also offers other services, including electronic filing and data services for companies.
Company House’s web filing service is a great resource for your business. Functioning as a substitute filing service, web filing allows limited companies to deliver documents and other information to Company House online, rather than through the post. How is this better for you business, though? Well, delivering your documents and information online is more effective and safer, not to mention significantly more cost-effective. Once you’ve sent your data and documents, you will also receive a confirmation email straight away, confirming that your submission has been received, so you can get on with your business.
What documents can be filed with Company House? The list includes:
- Annual accounts
- Annual returns
- Change of company details
- Shares allotment
- Inactive accounts
- Appointment and removal of secretaries and directors
- Copies of resolutions
To use this service, you will need to register with an email address and request a confirmation code.