Smith Allen Chartered Accountants

Establishing a company in the United Kingdom involves several key steps and compliance with specific legal requirements. At Smith Allen Chartered Accountants, we offer comprehensive services to guide you through the company formation process seamlessly.

Our Company Formation Services Include:

1. Company Name Registration:
   • Name Selection: Assistance in choosing a unique company name that complies with Companies House regulations.
   • Name Availability Check: Ensuring your desired company name is available and not similar to existing entities.
2. Preparation and Filing of Incorporation Documents:
   • Memorandum of Association: Document outlining the company’s founding members and their intention to form the company.
   • Articles of Association: Defining the company’s internal rules and governance structures.
   • Form IN01: Comprehensive form detailing the company’s proposed officers, registered office address, and share structure.
3. Appointment of Directors and Company Officers:
   • Director Eligibility Verification: Ensuring appointed directors meet legal requirements, including being at least 16 years old and not disqualified from serving.
   • Filing Director Details: Submitting necessary information to Companies House, such as full name, service address, and date of birth.
4. Registered Office Services:
   • Provision of a Registered Office Address: Offering a prestigious address for official correspondence, ensuring compliance with legal obligations.
   • Mail Handling: Efficient management and forwarding of official communications received at the registered address.
5. Share Structure and Capital Allocation:
   • Advising on Share Classes: Guidance on creating different classes of shares to suit your business needs.
   • Issuance of Shares: Assistance with the allotment and distribution of shares among shareholders.
6. Registration for Corporation Tax:
   • HM Revenue & Customs (HMRC) Registration: Ensuring your company is registered for corporation tax within the stipulated time frame.
   • Tax Planning Advice: Providing strategies to manage tax obligations effectively from the outset.
7. Compliance with People with Significant Control (PSC) Requirements:
   • Identifying PSCs: Determining individuals or entities that have significant control over the company.
   • Maintaining PSC Register: Keeping accurate records and filing necessary information with Companies House.
8. Ongoing Compliance and Advisory Services:
   • Annual Confirmation Statements: Preparation and filing to confirm the accuracy of company information held by Companies House.
   • Bookkeeping and Accounting Services: Offering comprehensive financial record-keeping and reporting solutions.
   • Business Advisory: Providing expert advice to support your company’s growth and compliance with evolving regulations.

Requirements for Prospective Directors:

Individuals considering the role of a director in a UK company must meet the following criteria:

• Age Requirement: Must be at least 16 years old.
• Legal Status: Must not be an undischarged bankrupt or subject to any disqualification orders preventing them from acting as a director.
• Responsibilities Awareness: Understanding and commitment to fulfilling statutory duties, including:
  • Ensuring accurate and timely filing of annual accounts and confirmation statements.
  • Maintaining proper company records and registers.
  • Acting in the company’s best interest, exercising reasonable care, skill, and diligence.

At Smith Allen Chartered Accountants, we are dedicated to providing personalised support throughout the company formation process and beyond. Our team of experts ensures that your new venture is built on a solid foundation of compliance and strategic planning.