ALL UK businesses, trading or non-trading are required to submit a confirmation statement, formerly known as an annual return, to Companies House each year.
All UK-registered businesses, including private limited companies, public limited companies, and community interest corporations (CICs), must comply with this legal obligation.
What information is on the confirmation statement?
The information on the confirmation statement is simply the basics of your company or CIC.
It includes:
- Company name and registration number:
- Registered office address
- Directors’ names and addresses
- Shareholders’ names and shareholdings
- People with significant control (PSC) information
- Company secretary details (if applicable)
- Standard Industrial Classification (SIC) code, which outlines the company’s primary business activity
How often do you need to submit a confirmation statement?
You must submit a confirmation statement every 12 months. If information changes frequently, you can submit it more often (so you don’t forget), but at least once per year.
What do you need to do before submitting your confirmation statement?
If any of this information has changed, you need to identify it on the various forms available from the Companies Use before submitting your confirmation statement.
You can start on the Companies House website. Look up your company there and see what information the House already has. This lets you know what needs to be changed.
For each of the items listed above, there are documents on file at the Companies House. If that information has changed, you need to get those forms before sending your confirmation statement.
In other words: You need to change the data on the appropriate form before submitting the confirmation statement. The confirmation statement is not the place to notify the Companies House of changes.
What is an SIC code (Standard Industrial Classification) ?
An SIC (Standard Industrial Classification) code is an internationally recognised categorisation system. It allows the Companies House to know instantly what type(s) of business you’re conducting.
It typically doesn’t define your business as a CIC, but defines what you do for the core business.
What happens if your confirmation statement is filed late?
Directors may be penalised personally by the criminal courts for failing to file confirmation statements, which is a criminal offence. If these documents are delivered beyond the deadline, the registrar may also take action to remove the corporation from the public record. On late-filed confirmation statements, there is no late filing penalty applied.
What is the due date for a confirmation statement?
A confirmation statement must be submitted at least once a year, no later than 14 days following the conclusion of your 12-month “review period.” Your review period begins on either the “statement date” of the prior confirmation statement or the date the company was formed.
Is a confirmation statement the same as a company tax return?
No. The “annual return” has been replaced by the confirmation statement.
The confirmation statement provides Companies House with a yearly snapshot of the management and ownership of the business. This is different from your tax return which details your financial information for the year.
The confirmation statement is completely separate from a company’s annual accounts and its Corporation Tax Return.
How we can help
Call us today on Tel: 0207 953 8913 or complete our enquiry form in order to book a FREE initial consultation
If you have questions about filing your annual confirmation statement, please contact KG Accountants at 0207 953 8913 or visit us on KG Accountants.
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Categories: Community Interest Companies, Confirmation statement (CS01)
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