Hi Sian, The Economic Crime and Corporate Transparency Bill, setting out the measures to reform Companies House, was introduced to Parliament on 22 September 2022. The Bill will make it a requirement for all directors, persons with significant control and those filing information on behalf of a company to undergo compulsory identity verification checks before a company is incorporated. Additionally, the Registrar will be given broader powers so she can become a more active gatekeeper over company registrations and ensure that information on the register is more reliable. This will include powers to query suspected fraudulent incorporations or addresses, request further evidence and, where justified, reject registrations. You can read more about the reforms and the Economic Crime and Corporate Transparency bill here.companieshouse.blog.gov.uk/category/legislative-reform/ Thanks, LM.

1. Yes you can change the 'size' of your entity, year over year - so can change to Micro Entity if you comply. 2. The value of how much the company owes you would show up in the 'Balance Sheet' under 'Non-Current Liabilities'.

Hi, You will need to fill in the fields with the appropriate amounts. If there is no amount to fill in, you'll need to put 0. If you need further help, you should consider seeking professional advice.

Hi Justin, This service will only submit accounts to Companies House. There is a service that will submit accounts to both HMRC and Companies House. You can find more info on that service here: www.gov.uk/file-your-company-accounts-and-tax-return

Most limited companies are ‘limited by shares’. It is likely that when you set up your company, at least 1 share was allocated to at least 1 shareholder at the cost of at least £1. The details of your shares can be found in your incorporation documents, you will find a copy of these on the Companies House register: find-and-update.company-information.service.gov.uk/

Hi, you can use this service to update your PSC details: www.gov.uk/file-changes-to-a-company-with-companies-house

@@TheCompaniesHouse thank you

Hi, you need to enter the details from your completed accounts into the relevant fields on each page, you do not need to provide any images of receipts.

Hi John, Unfortunately, we cannot answer questions about corporation tax, you will need to contact HMRC directly.

Hi, No you are not required to have holdings in the name. You can find more information about choosing a company name here: www.gov.uk/limited-company-formation/choose-company-name

Hi David, You could try contacting the Eco Larder directly, they might know about some similar shops in the Glasgow area: www.theecolarder.com/contact

@@TheCompaniesHouse thank you. Just did.

Hi, If your company is dormant you can file dormant accounts. You can watch a video on how to file dormant accounts here: kzfaq.info/get/bejne/a9SIpLx6yM-ZkoE.html If you are unsure about what accounts to file you should get professional advice (for example, from an accountant).

Hi John, The costs mentioned in this video are only the cost which would need to be paid to Companies House. If you were to seek out legal or accounting advice you would need to pay for those services. You can access some free advice from a number of government-backed schemes. You can find more information on this here: www.gov.uk/business-support-helpline

Hi Dennis, If you form a limited company by registering it at Companies House, its finances are separate from your personal finances, but there are more reporting and management responsibilities. You can find more information on different types of businesses here: www.gov.uk/set-up-business

Hi, Companies do not have to use a professional accountant to prepare accounts. However, directors must be aware of their legal responsibilities - if you’re uncertain about the requirements you should consider seeking professional advice. You can find further information on how to prepare and submit your accounts here: www.gov.uk/government/publications/life-of-a-company-annual-requirements

@@TheCompaniesHouse thanks for the quick reply much appreciated

Hi, Yes, every limited company must file accounts with Companies House even if the company is dormant. You can find more info on dormant accounts here: bit.ly/3r2gQ2S

Hi Nuhman, You will need to contact HMRC for questions about tax returns. Thanks.

Hi, There is no charge to file accounts. It costs £13 to file a confirmation statement if you file online, or £40 by post.

Hi Milena, Sorry we don't have a video on this at the moment. Thanks.

im having the same problem, any ideas?

Hi, Most limited companies are ‘limited by shares’. It is likely that when you set up your company, at least 1 share was allocated to at least 1 shareholder at the cost of at least £1. It is this information that is needed in the 'called up share capital not paid' and the 'cash at bank and in hand' fields. If the shares have been paid, you would enter the cost of the shares in ‘cash at bank and in hand‘ and leave ‘called up share capital not paid’ blank. If the shares have not been paid up, you would enter the cost of the shares in ‘called up share capital not paid’ and leave ‘cash at bank and in hand’ blank. The Net assets field should automatically total for each column.

if my company is dormant will it sill be shown as active?

@@SH-io3li A dormant account is still active on the register, and so will show as active. If the company was closed it would show as dissolved.

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The £12 and can be paid by debit or credit card or Paypal account. There is more info in this step by step guide: www.gov.uk/set-up-limited-company

Hi, we don't have a video guide for registering a company. But this step by step guide should tell you everything you need to do to set up: www.gov.uk/limited-company-formation