|
|
What is a Limited Company ?
|
|
|
Answer: A UK limited
company is a separate legal entity created by registration
at Companies House. Once incorporated, Companies House issue
a certificate of incorporation and company registration number.
These documents signify that the company has been formed
in accordance with Companies House regulations.
You can change the company's name at any time but you still
keep the company registered number. The assets and liabilities
belong to the company not directly to the person(s) owning
the company.
The company is owned by its shareholders and run by the directors.
This gives the directors Limited Liability. If the company
should fail, the directors' personal assets are protected unless
they have personally provided guarantees for the company's
activities.
Because a company is a separate legal entity, the business
continues to trade irrespective of whether the original director(s)
remain as part of the company.
|
|
|
How long does a UK
company formation take to complete ?
|
|
|
Answer: Companies House
then aim to respond to electronically filed documents within
3 working hours. Although this is not guaranteed, it does
generally mean that if you placed an order before noon on
a normal working day, we will have your company incorporated
by the end of that same day.
So we aim to sent all Hard Printed copies the latest they day
after payment is registered.
|
|
|
Can I choose any name I want for
my company ?
|
|
|
Answer: Most names are
acceptable to Companies House when forming a limited company,
but there are a few exceptions. These exceptions fall into
the following categories:
1. Your proposed name must be different
from that of a company already incorporated.
2. Certain words like "Group" or "International" must
be substantiated by providing evidence of other related companies
or companies operating in at least two different countries.
3. Names containing words likely to cause offence are not allowed.
You can use our up to the minute system to check whether your
chosen name is similar to any other names already on the Companies
House register.
If your chosen name is too similar to another name, that company
could object with in 12 months and you may be forced to change
your company's name.
|
|
|
Can anyone be a company director ? |
|
|
Answer: In general terms,
yes, but there are some rules. You can not be a UK Limited
company director if:
1. You are an undischarged bankrupt or disqualified by a court
from holding a company directorship, unless given leave by
the courts to act in respect of a particular company or companies;
2. There is no minimum age limit in the Companies Act for a
director to be appointed in England and Wales. However, he
or she must be able to consent to their own appointment. You
should seek legal advice if you intend to have a very young
person as a director of your company.
|
|
|
Does the company name have to be shown on all documents
related to the company ? |
|
|
Answer: The company must
display its name clearly, on all the following:
- all the company's letters;
- all of its notices and other official publications;
-all bills of exchange, promissory notes, endorsements, cheques
and orders for money or goods purporting to be signed by, or
on behalf of, the company.
|
|
|
What is a company accounting reference date? |
|
|
Answer: A company accounting
reference date is the date in each year to which a company's
financial accounts are prepared. The accounting reference
date usually ends at the end of a particular month.
The month that is initially selected for your company will
be the last day of the month in which the anniversary of incorporation
falls. For example, if company registration takes place on
25 September, the accounting reference date will be 30 September.
|
|
|
Can I change my company's accounting reference date? |
|
|
Answer: You may change
your company's accounting reference date by sending Form
225 freely available from us to the Companies House Registrar.
The Form must be submitted during the accounting period affected
by the change or during the period allowed for delivering the
associated company accounts.
|
|
|
What are authorised shares? |
|
|
Answer: These are the
total number of shares that it is possible for your company
to issue. On incorporation the number of authorised shares
is usually 1000.
The number of authorised shares is often different from the
number of issued shares. Issued shares are those authorised
shared that have actually been issued. In terms of who owns
the company, the number of issued shares owned will be the
determining factor.
|
|
|
What if I no longer need my company ? |
|
|
Answer: UK limited companies
that have not traded or otherwise carried on business for
at least three months may apply to Companies House to be
struck off the register. Company Dissolution is a service
Asap2net are able to carry out on your behalf.
|
|
|
What is a company registered office ? |
|
|
Answer: The company registered
office is an address in England or Wales (or Scotland if
your company is registered there) where the company's statutory
books must be available for inspection and where documents
can be delivered to the company.
A company's registered office address must be displayed on
all company literature and documents
|
|
|
Can I change my company registered office ? |
|
|
Answer: If a company
wishes to change its registered office address the new address
must be notified to Companies House on Form 287.
|
|
|
What if Companies House reject my application ? |
|
|
Answer: If Companies
House reject your application we will email you informing
you of this. They will tell you why your company registration
application was not accepted. You just need to contact us
with any amendments and we will resubmit your application
to Companies House immediately.
|