Updating Changes to Your UK Limited Company
Do you own a UK Limited Company? Then, you need to ensure that your business keeps updated with the changes in the reporting guidelines. This is where our 3E Accounting guide comes in.
Companies based in the UK need to report to the Companies House. The Companies House is responsible for keeping updated records of companies operating in the country. Any changes or updates to the reporting system will come from the Companies House. As a business owner, you must ensure your business remains transparent by complying with the legal requirements.
What Is Essential When It Comes to Updating Changes to Your UK Limited Company
A Limited Company in the UK is separate from its owners. Therefore, it must maintain updated and accurate records that reflect any changes within the company. This includes any changes to its operations, ownership, or company structure; any significant change must be reported.
If a company fails to report changes to its UK Limited Company, legal repercussions, fines, or penalties might follow. These are the changes that require you to report to the Companies House:
Changes to Your UK Limited Company Name
If your business has changed its name, it must be reported immediately. You will need to submit paperwork and pay a fee for changing your name. Our 3E Accounting experts can help take care of this for you. Once your new name has been approved, your business will be issued a new Certificate of Incorporation.
Changes to Your Director and Secretary
If a company’s director changes, it must be reported immediately. This includes changes such as appointments, resignations, or changes in personal details. Companies House must be informed of who is in charge of running your business. The same rules apply to any changes in your Company Secretary.
Changes to Your Shareholder(s)
If there is a change in the allotment of shares, share capital, changes of share rights, transfers of existing shares, or change of share ownership, this must be reported to Companies House immediately.
Changes to Your Articles of Association
You must report any changes to these immediately because your articles of association govern the internal management of your business.
Changes to Your Registered Office Address
If your business’s registered address changes, report to Companies House immediately. All official communication and legal documents from Companies House should be directed to your updated UK Limited Company address for effective communication. If Companies House is not aware of your new address, you might miss out on important information.
Changes to Your Accounting Reference Date
Any alterations to your accounting reference date must be reported because it pertains to the end of financial year for your business.
Remember, these changes are not limited to the lists above. Always check with your professional services advisor, such as 3E Accounting, to ensure nothing is missed.
How to Report Updated Changes to Your UK Limited Company
You must follow the prescribed procedures when reporting updated changes to your UK Limited Company. Our 3E Accounting experts can walk you through the process. You will benefit immensely from our help because several forms must be completed, especially the ones relevant to your business.
3E Accounting will help you compile and complete all the necessary forms for your company and then submit the complete and accurate set to Companies House. Depending on the nature and complexity of your UK Limited Company changes, you may need to pay some fees.
Stay Safe, Stay Accurate, Say Yes to 3E Accounting
Don’t let the paperwork be an additional task on your plate. Our 3E Accounting professionals are the experts at what they do, so let us take care of that for you. We’ll keep you informed of any changes the Companies House makes, ensure you always remain compliant, be accountable and transparent, and file your documents promptly and accurately.
For more information about our full range of services, contact the 3E Accounting team.
