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Deluxe Package |
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 £ 557.00 | Annual Maintenance Fee £525.00 | | |
 The Deluxe limited company package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain anonymity, and it includes: -
 Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;
The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);
The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;
The government fee for incorporation is included in the price of this package;
The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);
The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);
 The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);
The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: - A laminated copy of the certificate of incorporation of your company;
A hard bound copy of the memorandum and articles of association;
A hard bound copy of the minutes of the first meeting of directors;
Share certificates, and your company register;
The general power of attorney signed by a nominee director;
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of nominee service and indemnification of nominee.
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| Legal Requirements to Register an LTD | | |
A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.
You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.
A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.
You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
The directors and secretary of your company can also be shareholders.
The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.
Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.
Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.
Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.
So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.
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(click here for other packages)
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| Education Act 2005 | | 2005 Chapter 18 - continued |
| | back to previous text |  | |
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SCHEDULE 16
| | Section 101 | | | FUNDING OF MAINTAINED SCHOOLS | | 1 | In this Schedule "the 1998 Act" means the School Standards and Framework Act 1998 (c. 31).
| | | Power to provide for budgets to relate to period other than financial year
| | 2 | (1) Section 45 of the 1998 Act (maintained schools to have budget shares) is amended as follows.
| | | (2) In subsection (1) for "financial year" substitute "funding period".
| | | (3) After subsection (1A) insert-
| | |  | "(1B) In this Chapter "funding period" means a financial year or such other period as may be prescribed."
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| | | (4) In subsection (2)-
| | | (a) for "45A and" substitute "45A to", and | | | (b) for "financial year" substitute "funding period". | | | Determination of budgets
| | 3 | (1) Section 45A of the 1998 Act (determination of specified budgets of LEA) is amended as follows.
| | | (2) In subsection (1)-
| | | (a) for "financial year" substitute "relevant period", and | | | (b) for "that year" substitute "that period". | | | (3) After subsection (1) insert-
| | | | "(1A) In subsection (1) "relevant period" means a financial year or such other period as may be prescribed."
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| | | (4) In subsection (2)-
| | | (a) for "financial year" substitute "funding period", and | | | (b) for "that year" substitute "that period". | | | (5) After that subsection insert-
| | | | "(2A) The amount referred to in subsection (2) includes the amount of any grant which is appropriated, for meeting the expenditure mentioned in that subsection, in accordance with a condition which-
| | | (a) is imposed under section 16 of the Education Act 2002 (terms on which assistance under section 14 of that Act is given) or any other enactment, and | | | (b) requires that the grant be applied as part of the authority's schools budget for the funding period." |
| | | (6) In subsection (3)-
| | | (a) for "financial year" substitute "funding period", and | | | (b) for "that year" (in both places) substitute "that period". | | | (7) After subsection (4) insert-
| | | | "(4A) Regulations under subsection (3) may also make provision-
| | | (a) enabling any expenditure falling outside any classes or descriptions of expenditure prescribed by virtue of subsection (4)(a) to be deducted from the authority's schools budget if the deduction of such expenditure is authorised, on the application of the authority, by the authority's schools forum or the Secretary of State, and | | | (b) enabling any limit or condition that would otherwise apply by virtue of subsection (4)(b)(i) or (ii) to be varied or excluded, on the application of the authority, by the authority's schools forum or the Secretary of State." |
| | | (8) Omit subsections (5) and (6).
| | 4 | After section 45A insert-
| | | | "45AA | Power to require LEAs in England to determine schools budget
| | (1) Regulations may require a local education authority in England, not later than the prescribed date, to make an initial determination of their schools budget for a funding period.
| | (2) The date prescribed for the purposes of subsection (1) may be a date falling up to 48 months before the beginning of the funding period.
| | | (3) Regulations under subsection (1) may-
| | | (a) authorise or require local education authorities in England to take account of matters arising after the initial determination of their schools budgets for any funding period but before the beginning of the funding period, by redetermining their schools budgets for the period in accordance with the regulations, and | | | (b) require notice of any initial determination or revised determination to be given in accordance with the regulations to the governing bodies of schools maintained by the local education authority. | | 45AB | Duty of LEAs in Wales to determine schools budget
| | (1) Before the schools budget deadline in any funding period, a local education authority in Wales must-
| | | (a) determine the proposed amount of their schools budget for the following funding period, and | | | (b) give notice of their determination to the National Assembly for Wales and to the governing body of every school maintained by the authority. | | | (2) For the purposes of this section "the schools budget deadline", in relation to an authority in Wales, means the end of January or such other time as may be prescribed.
| | 45AC | Power to require LEAs in Wales to determine schools budget
| | (1) Regulations may require a local education authority in Wales, not later than the prescribed date, to make an initial determination of their schools budget for a funding period.
| | | (2) The date prescribed for the purposes of subsection (1) may be a date falling up to 48 months before the beginning of the funding period.
| | | (3) Regulations under subsection (1) may-
| | | (a) authorise or require local education authorities in Wales to take account of matters arising after the initial determination of their schools budgets for the funding period but before the beginning of the funding period, by redetermining their schools budgets for the period in accordance with the regulations, and | | | (b) require notice of any initial determination or revised determination to be given in accordance with the regulations to the Assembly and to the governing bodies of schools maintained by the local education authority. | | | (4) Regulations under subsection (1) are not to have effect in relation to an authority's schools budget for any funding period if section 45AB is in force in relation to that funding period."
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| | 5 | For sections 45B and 45C of the 1998 Act substitute-
| | | | "45B | Power of Assembly to set minimum schools budget for LEA in Wales
| | (1) If it appears to the National Assembly for Wales that, in all the circumstances, the proposed amount of a local education authority's schools budget for a funding period is inadequate, the Assembly may, within the period of fourteen days beginning with the schools budget deadline in the funding period preceding that funding period, give the authority a notice under subsection (6) or (7).
| | (2) In subsection (1), the reference to the proposed amount of a local education authority's schools budget for a funding period is-
| | | (a) if section 45AB is in force in relation to that funding period, a reference to the amount specified in a notice under section 45AB(1)(b), or | | | (b) if regulations under section 45AC(1) are in force in relation to that funding period, a reference to such amount, determined by the authority in accordance with those regulations and specified in a notice required by those regulations to be given to the Assembly, as may be prescribed. | | | (3) If at the schools budget deadline in any funding period, a local education authority in Wales have failed to give the Assembly a notice under section 45AB(1)(b) or a notice required as mentioned in subsection (2)(b), the Assembly may, at any time after that deadline, give the authority a notice under subsection (6) or (7).
| | | (4) In this section "the schools budget deadline"-
| | | (a) in a case falling within subsection (2)(a), has the same meaning as in section 45AB, and | | | (b) in a case falling within subsection (2)(b), means the time in the funding period preceding the funding period to which the schools budget relates by which regulations under section 45AC(1) require notice of a revised determination of the schools budget to be given to the Assembly. | | | (5) In this section and section 45C "the period under consideration" means the funding period to which the notice mentioned in subsection (2)(a) or (b) relates or, in a case falling within subsection (3), the funding period in relation to which such a notice ought to have been given.
| | | (6) A notice under this subsection is a notice determining the minimum amount of the authority's schools budget for the period under consideration.
| | | (7) A notice under this subsection is a notice which-
| | | (a) specifies the amount which the Assembly would have determined as the minimum amount of the authority's schools budget for the period under consideration if the Assembly had acted under subsection (4), and | | | (b) states the Assembly's intention to determine the minimum amount of the authority's schools budget for the following funding period. | | | (8) A notice under subsection (6) or (7) must include a statement of the Assembly's reasons for giving the notice.
| | | (9) The Assembly may act under different subsections in relation to different authorities.
| | 45C | Effect of notice under section 45B(6)
| | (1) The local education authority may, within the period of fourteen days beginning with the date of a notice under section 45B(6), give the National Assembly for Wales notice of their objection to the Assembly's determination, giving reasons for their objection.
| | | (2) Where the local education authority have given notice of their objection under subsection (1), the notice under section 45B(6) shall cease to have effect, but the Assembly may by order prescribe the minimum amount of the authority's schools budget for the period under consideration.
| | | (3) The amount prescribed under subsection (2) must not be greater than the amount specified in the notice under section 45B(6).
| | | (4) An order under subsection (2) may relate to two or more authorities.
| | | (5) Where-
| | | (a) a notice under section 45B(6) has been given to a local education authority and no notice of objection has been given during the period specified in subsection (1), or | | | (b) an order has been made under subsection (2), | | | the local education authority shall determine a schools budget for the period under consideration which is not less than the amount specified in relation to the authority in the notice or order.
| | 45D | Power of Assembly to repeal Wales-only school funding provisions
| | The Assembly may by order-
| | | | | | (b) make any amendments of the other provisions of this Chapter which appear to the Assembly to be necessary or expedient in consequence of any repeal made by virtue of paragraph (a)." |
| | | Determination of schools' budget shares
| | 6 | (1) Section 47 of the 1998 Act (determination of school's budget share) is amended as follows.
| | | (2) In subsection (1)-
| | | (a) for "financial year" substitute "funding period", and | | | (b) for "that year" substitute "that period". | | | (3) In subsection (2)-
| | | (a) after paragraph (d) insert- | | | | "(dd) authorising or requiring such authorities to take account of matters arising after the initial determination of budget shares for a funding period but before the beginning of the funding period, by redetermining budget shares for that period in accordance with the regulations, and requiring them in that connection to disregard such matters as may be specified in the regulations;", |
| | | (b) in paragraph (e) for "financial year" substitute "funding period" and for "year" in sub-paragraphs (i) and (ii) substitute "funding period", | | | (c) after paragraph (f) insert- | | | | "(ff) requiring notice of any initial determination or revised determination to be given in accordance with the regulations to the governing bodies of schools maintained by the authority in question;", and |
| | | (d) for paragraph (g) substitute- | | | | "(g) authorising local education authorities in prescribed cases to determine (or redetermine) budget shares, to such extent as may be prescribed, in accordance with arrangements approved by the authority's schools forum or the Secretary of State in accordance with the regulations (in place of the arrangements provided for by the regulations);". |
| | | (4) After subsection (2) insert-
| | | | "(2A) The time by which regulations made in pursuance of subsection (2)(a) require an initial determination of schools' budget shares for a funding period to be made may be up to 48 months before the beginning of the funding period."
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| | | Functions of schools forum
| | 7 | In section 47A of the 1998 Act (schools forums) for subsection (3) substitute-
| | | | "(3) The purpose of a schools forum is-
| | | (a) to advise the relevant authority on such matters relating to the authority's schools budget as may be prescribed by regulations under section 45A(3) or by regulations under this subsection, and | | | (b) to exercise any function that may be imposed on the schools forum by virtue of section 45A(4A) or 47(2)(g)." |
| | | Certain regulations to be subject to affirmative procedure
| | 8 | In section 138 of the 1998 Act (orders and regulations), in subsection (5) (orders and regulations that are subject to affirmative procedure) after paragraph (b) insert"or
| | | | (c) the first regulations to be made under section 45AA, or | | | (d) the first regulations to be made under section 47 in relation to England after the coming into force of paragraph 6 of Schedule 16 to the Education Act 2005,". |
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 | © Crown copyright 2005 | Prepared 15 April 2005 |
Education Act 2005 is reproduced under the terms of Crown Copyright Policy Guidance issued by HMSO.
Publishing Rights: Coddan CPM Core Licence (HMSO) number is C02W0007897 issued on 25 November 2005 by HMSO Licensing Division (Core Licence.pdf Licence to reproduce public sector information).
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