Yes. A non-trading UK limited company must still file a confirmation statement with Companies House at least once every 12 months, even if it has no customers, generates no revenue, and has not started business operations. Not trading does not mean a company is exempt from its statutory filing obligations.

Yes. A dormant UK limited company must still file a confirmation statement with Companies House at least once every 12 months, even if it has never traded, has no income, and has no business activity. Dormant status does not remove a company’s statutory filing obligations. While a dormant company

No. Filing a confirmation statement does not mean your UK company is tax compliant. It satisfies a separate Companies House reporting obligation, but it does not confirm that your company has paid the correct tax, submitted its tax returns or met its obligations to HM Revenue & Customs (HMRC). A

Every UK limited company must file a confirmation statement with Companies House at least once every 12 months. The statement confirms that the information held on the public register is accurate and that the company has reviewed the details it is required to report. For directors and business owners, knowing

Yes, you can file a UK company confirmation statement early, before your filing deadline. Companies House allows companies to submit a confirmation statement ahead of time, provided the statement covers the appropriate review period and the required company information is confirmed. However, filing early is not always the best option.

If you have recently registered a UK limited company, one of your first compliance deadlines will be your confirmation statement. Every UK company must file this statement with Companies House at least once every 12 months, even if the business has not started trading. Your first confirmation statement is generally

Starting a UK limited company involves more than registering with Companies House and opening a business bank account. From the moment a company is incorporated, its directors must understand their accounting responsibilities, maintain accurate records, meet filing deadlines and ensure the business complies with HMRC requirements. For new founders, the

If you run a UK limited company, you will usually have financial reporting obligations to both Companies House and HM Revenue and Customs (HMRC). Although the two organisations may receive information based on the same accounting records, their requirements serve different purposes. Companies House accounts are prepared to meet a

A profit and loss account (P&L) is a financial statement that shows how much a limited company has earned, what it has spent and whether it made a profit or loss over a specific period. It summarises the company’s financial performance by comparing income with expenses, usually

A balance sheet is a financial statement that shows what a company owns, what it owes and the value left for its shareholders at a specific date. For a small UK limited company, it provides a snapshot of the business's financial position, usually at the end of its

Yes, customers may be able to find out how much profit your UK limited company makes, but they cannot always see the exact figure. The answer depends on the type of company accounts you file at Companies House and whether your business qualifies for simplified reporting. Companies House maintains a

Yes. UK limited company accounts are generally public documents once they are filed with Companies House. Members of the public can search the Companies House register, find a company and view its available accounts and other statutory filings without needing permission from the directors. However, public access does not mean

UK company accounts provide a financial record of a business over a particular accounting period. They show what the company owns, what it owes and, depending on the type of accounts prepared, how much it earned, spent or lost. The information included varies according to the company’s size, legal

A UK limited company may qualify as a micro-entity if it meets specific financial and employee thresholds and is not excluded from the micro-entity accounting regime. The classification allows eligible businesses to prepare simpler statutory accounts and benefit from certain reporting exemptions. For accounting periods beginning on or after 6

If you run a UK limited company, you may have come across the terms micro-entity and small company when preparing annual accounts. Although the terms sound similar, they describe different company size classifications under UK company law and determine which accounting and reporting exemptions may be available. The main difference

If you run a small UK limited company, you may be able to file either dormant accounts or micro-entity accounts with Companies House. Both options can reduce the amount of financial information your company needs to publish, but they apply in different circumstances. The main difference is that dormant accounts

Receiving share capital does not automatically make a UK limited company active. If the money represents payment for shares taken by the original subscribers when the company was incorporated, the transaction is specifically disregarded when determining whether the company is dormant for Companies House purposes. This is an important exception

A UK limited company that has stopped trading may still incur monthly bank charges, account maintenance fees or transaction fees. These costs can seem insignificant, especially if the company has no customers, makes no sales and conducts no other business activity. However, even small bank charges can affect whether a

Yes. A UK limited company with no transactions generally still needs to file annual accounts with Companies House, even if it has never traded, earned no income or remained inactive since incorporation. If it qualifies as dormant, it can usually submit simplified dormant accounts rather than full accounts for a

Yes. A director can prepare and file their own UK limited company accounts without hiring an accountant, provided the accounts meet the relevant legal and accounting requirements. There is no general rule requiring every private limited company to use a professional accountant. However, preparing company accounts involves more than recording

Starting a UK limited company does not automatically mean you must hire an accountant. There is no general legal requirement for a newly incorporated UK limited company to appoint an accountant, but the company must still keep proper accounting records, prepare annual accounts, meet its tax obligations and file the

A dormant UK limited company can still receive a Companies House late filing penalty if it submits its annual accounts after the deadline. Being dormant does not exempt a company from filing accounts on time, and the same standard late filing penalty bands apply to dormant accounts as to other

Yes, Companies House can cancel a late accounts penalty in exceptional circumstances, but it does not routinely waive penalties simply because a company has a good reason for filing late. The registrar has limited discretion, and an appeal is generally successful only when unexpected circumstances outside the company's

Yes. Companies House doubles the late filing penalty if your company files its annual accounts late in two consecutive financial years. This means a private limited company that would normally pay £150 for filing up to one month late may face a £300 penalty for its second consecutive late filing.

If your UK company files its annual accounts after the Companies House deadline, it will normally receive an automatic late filing penalty. For a private limited company, the penalty starts at £150 and can rise to £1,500, depending on how late the accounts arrive. Public limited companies face higher