UK Company Reporting Responsibilities
After setting up a Company there are a number of other reporting requirements for a company in the UK which we at KRA will gladly take full responsibility for.
A company must maintain a Register of Members, Register of Directors and Secretaries, Register of Directors’ Interests in Shares, Minutes of General Meetings, Minutes of Directors Meetings and the Register of Written Resolutions.
These registers must be available for inspection at the registered office or in some cases, at another nominated office. Any changes to the directors or secretary (or their personal details), to the registered office or any allotment of further shares must be reported to the Registrar of Companies.
There are many other instances where prescribed forms must be filed with the Registrar of Companies these include: increase in authorised share capital; allotment of shares and registration of mortgages and charges. At least one general meeting of the members must be held every year, unless they elect not to hold such a meeting, and minutes of the meetings must be kept.
An annual audit by external auditors of the accounting records of the business should be carried out if it is over the minimum size which is currently Companies who are over two of the following three limits;
1. Turnover greater than £5.6 Million
2. Gross Assets greater than £2.8 Million
3. Greater than 50 Employees
An Annual Return must be completed annually and be delivered to Companies House, it must contain current information about the Company, its officers and members.
If you are interested in setting up a UK branch please contact KR Accountants so we can arrange a No obligation FREE initial meeting to carry out a business review were we will offer you a FIXED FEE accountancy service with no hourly charges or hidden costs.