This UK company formation with Companies House & free business bank account (optional) is for UK-residents only, who have a valid registered address, and want the simplest business start-up offer.
The following documents will be sending via e-mail upon the registration of the private LTD company:
The certificate of incorporation;
The memorandum & articles of association;
The free business bank account with HSBC or Barclays Bank (optional offer).
£39.99
No yearly maintenance
This is the new UK business registration with guaranteed banking account (optional) for the UK citizens, who have their own registered office address in the UK, with more official LTD papers produced, plus the laminated certificate of registration.
This private LTD company incorporation offer includes all services mentioned in the first option, plus:
The meeting of the board of directors, issued shares certificates;
The company' registers; & the laminated certificate of incorporation (delivery included).
£82.49
No annual charges
This is one of our very favourite British company registration & guaranteed HSBC bank account (optional) for the UK based residents.
This UK LTD business start-up option includes all incorporation benefits described in the second option, plus free delivery of:
One set of the memorandum and articles of association with a company's registers printed & top-notch bound;
The first meeting of the board of directors, elegant printed shares certificates & the rubber stamp;
The certificate of the beneficial owner.
£89.49
Maintenance fee £75.00
This is the MOST ORDERED private business creation packages for such UK customers & British expatriates who are looking to create a business limited company with registered office address in the United Kingdom.
This LTD set-up offer includes all company formations benefits & items mentioned into the SECOND OPTION, plus the provision of:
The registered office address in the UK, the government mail forwarding;
The secretarial compliance service & the certificate of the registered office address; and much more.
£119.49
Annual fees from £105.00
This UK limited company incorporation with registered address in London (& the company's secretarial compliance service for one year) offer was specially created for non-UK residents.
The following items are included into this offer:
The certificate of incorporation, the memorandum & articles;
The company's registers, shares' certificates & meeting of the board of directors;
The registered office address;
The government mail forwarding & the secretarial compliance service.
£469.49
Annual fees from £455.00
This is one of the very favourite limited company registration with a nominee director & the registered office address in London packages for the non-UK customers.
This private LTD company incorporation offer for non-British clients includes all services mentioned in the first option, plus the following:
The provision of a nominee director;
The signed power of attorney;
The signed, undated resignation letter from a nominee director;
The agreement for the provision of the nominee directorship service.
£619.49
Annual fees from £605.00
This is one of the most popular private company formation with nominee shareholder as an additional option to the nominee director, & registered office address in London offer for non-UK based customers.
This the UK limited company setting-up offer includes all services mentioned in the second option, plus the following:
The provision of a nominee shareholder service for one year;
The declaration of trust signed by a nominee shareholder;
The certificate of the confirmation of a beneficial owner.
£779.49
Annual fees from £605.00
This is the MOST OPTIMAL of UK company registration with all corporate documents legalised by a Notary Public and certified by the Apostille stamp package for non-UK citizens.
This UK limited company establishment offer includes all services mentioned in the third British LTD incorporation option, plus:
The certification of all corporate documents including a power of attorney by the Notary Public & the final legal verification of LTD documents by an Apostille stamp.
Free corporate & the attorney-in-law' rubber stamps.
Further Information
Coddan offers UK company formation, ready-made company registration for UK limited companies creation, we offer electronic filing business start-up enterprises & registering corporation online services. In addition to business registrations, we offer trademark registration, shareholder agreements, toll-free numbers, telephone answering, virtual office and company searches for UK limited companies. You are an accountant for whom company establishment is a frequent activity or an individual ordering your first company registrations, start a private company by incorporating or forming an LTD, PLC or LLP at Coddan, learn about incorporation & how to establish your business online: register a business name, limited liability company registration, UK business registration numbers, British company house web filing - business name registration check. Whether you start-up online, register business in London or form a corporation in Scotland, we can help you understand the private business start-up process for forming a private LTD in the United Kingdom. Incorporate or form an LLC online: company registrar United Kingdom, limited company formations & corporation registration, electronically filing British LLC online, very easy and informative companies startup. In addition to private companies formation in Great Britain, we offer trademark registration, shareholder agreements, UK telephone numbers answering, nominee secretary telephone answering, virtual office and company searches for English companies creatiob. Information to help start, grow or manage a small business, if you are starting a business in London, or in Edinburgh or starting own business in Northern Ireland, read our starting business Republic of Ireland guides. Home business and small business training and ideas site to help you start Belfast, grow, and expand a home-based business incorporation or search for the work at home job right, an outline of the general steps for incorporation of new business in Great Britain, explaining how to incorporate your business in Dublin, from choosing where to incorporate your business: UK ready-made company formation services and private company registrations online, our offices keep a stock of ready made companies, and would be happy to supply details on request. We offer offshore ready-made companies in different tax-free jurisdictions, UK readymade offshore companies also called as offshore shelf companies, shelf off-shore companies for sale: starting applying for business name registration, business name registrations partnership, grants for starting a business and starting new limited business from home.
Coddan helps with the new limited company formation and LLP incorporation agents, we help with whether you are a professional companies incorporation agent and VAT registered companies, starting UK business online, English limited company creation agent, for whom starting limited company is a frequent activity or an individual ordering your first company registration. To start a company, you will need to have the following information ready: company name and registered office address, nominee officer details - we are providing holding and PLC company formations, we offer public and private companies formation in London, setting business corporation in the United Kingdom, start-up company Northern Ireland, or Irish companies incorporation and English LLP registration services. Company formation UK, limited company formations & registration, LTD electronically lodge online, multi award winning system, great support, easy to use - check UK company establishment costs, Irish company incorporation, LLP incorporation sample, company registration Scotland and get low-cost Scottish company organisation package. Provides London virtual office, Oxford virtual address, Piccadilly virtual office mail-forwarding, learn about forming limited company benefits, incorporating new private company advantages. Starting limited liability partnership registrations using UK company incorporator agent, registering limited liability partnership advantages, setting branch office benefits - Coddan provides subsidiary company registrations, English partnership incorporator, definition LLP online registration, firm law registration, incorporate in Nevada online, starting LLP business in the United Kingdom. Nominee company secretary, nominee director service, shareholders agreement, nominee shareholder service for creation of the private limited comopany onle, we may help you incorporate company Edinburgh, we offer online Irish companies formations, we register LLP in Dublin and Belfast company set-up.
Open a limited company same-day and offshore setting-up services using our online starting-up service for limited liability company offshore companies registraion, sart enjoying the tax benefits and personal liability protection that forming a corporation or limited liability company (LLC) provides basic company formation procedure, for the UK and non-UK customers. UK company formation experts with UK company registration, private limited company services with offshore company incorporation, offshore checking and offshore bank saving accounts, offshore bank time deposits, offshore mutual funds creation, offshore money market accounts and offshore asset protection provided by Coddan. Company formations, limited company formations, electronic incorporations, company formation agents, paperless company registrar, electronic companies filing, United Kingdom limited company, setting corporation Ireland, business incorporation Scotland, open company England, London company registration, electronic companies filing, British companies registrars, business consultants, company law, public limited company, plc, international companies, ltd, inc, limited liability, enterprise, organization, organization, tax, taxation, England, firm, partnership, trade, profession, contractors, business, private limited company, limited by shares, ready-made companies, readymade company, aged company, off the shelf company, shelf companies list. Specializes in company registration and secretarial services. Provides list of shelf company, services and cost quotation, business name registration, company house direct, starting a business - sole trader business registration.
This is actually a pretty good reason to incorporate in Delaware or Nevada. In fact, you could be a foreigner from Lebanon, form a Delaware corporation and no one would know who you are! However, many states will require the owners and/or officers and/or directors information while operating in that state (as a foreign corp.). Besides, how many small businesses require anonymity? Incorporate, incorporation, incorporating, incorporation services, incorporating services, incorporate Wyoming business online, incorporating Oregon business, New York LLC formation, Louisiana limited liability corporation, Texas articles of incorporation, Florida company incorporation, California non profit corporation, corporate name search offshore, BVI corporate name availability, Seychelles corporate name registration. Learn about incorporation services UK and incorporate London online: starting your own business, business ideas, starting a business on ebay or buying a business with legal requirements for starting a business. Online England company formations, online company London W1 formation, Glasgow formation agent, Liverpool formations agent, Scottish companies house, forming a company Scotland, starting a business Wales, form a limited company Oxford, United Kingdom business registration agents, online Great Britain company registration. E-Business, small business, business structures defined: the limited liability company business structures defined: the limited liability company IRS treatment of the one-member LLC. An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation. Thus, the sole member of an LLC will file (Form 1040), (U.S. Individual Income Tax Return), ideas for starting a business, grants for starting a business, starting a business from home, starting your own business - business ideas, starting a business on ebay, buying a business: legal requirements for starting a business, ideas for starting a business. A business may be conducted by a company as an entity in its own right and comes into existence by incorporation under companies legislation which also regulates the running of the company and sets out the duties of its officers. In recent years trading trusts have been commonly used as the structure for carrying on a business with their main objective of tax minimization. A trust requires a trustee to act on behalf of a trust and it has been preferable to have a company newly incorporated to act as the trustee as it is believed that this limits the liability of the trust to the paid-up capital of the Trustee Company. A trust is formed by a gift or settlement being made to the trustee on behalf of the, as yet unformed, trust. A solicitor draws up a Trust Deed setting out the powers and formalizing the administration of the trust. The trust has beneficiaries rather than shareholders as in a company, who are entitled to distributions of capital and/or income and these distributions, are controlled by the trustee. The distribution made to beneficiaries are subject to income tax as part of their personal income and are liable for provisional tax on these distributions. Citizens and residents of other countries may incorporate in the United Kingdom through the standard incorporation procedures set forth by each state. Provides UK company formations, trademark registration, registered office facilities and company secretary services. Professional company formation, register your company online, we may establish new business at one day. An online guide to starting up and expanding your business.
Starting-up your own business: limited company formation specialists: starting up your own business will change your life, it will change the way you think, the way you work, the way you spend money and the way you socialise. It will be one of the most demanding challenges you will ever be likely to take on. So while you might be on the verge of starting your own business with the freedom to work when, where and for how long you want, you won't, contrary to popular belief, be going it alone. There will be others going through the same experience, there will be others who have already gone through the experience and there will be business start-up services to guide you. Coddan CPM LTD offers limited company formation, setting up readymade, off-the-shelf company or own name limited companies at Companies House. By concentrating on business law, we feel that we can offer a more directed, and more efficient service to the professional client than could a general-purpose law firm. For this reason, we tend to avoid involvement in residential and other client work and routine litigation. Thus, by avoiding the dilution of our resources over numerous disciplines, our intentionally narrower remit has allowed us to develop real expertise in our chosen field. Our company is designed to provide information and guidance in starting and developing business within the United Kingdom. Allow us to help you register your private company and get it running, to select the best business for incorporation, or to register your business with the UK Companies House. Same day companies creation for £32.00. New business company establishment usually completed in 4-6 hours using Companies House incorporation services. Our methods rely heavily on information-searches made by electronic means, either from local disks and servers, or from specialised, restricted-access Websites. Apart from reducing the clutter, this approach has been shown to yield substantially faster and more accurate results, not only providing a superior service to traditional law-book based approaches, but also significant savings which we try to pass on to our clients. We supply expert advice in navigating English legal and business systems helping you set up in England, Scotland, Northern Ireland and/or the Republic of Ireland. If you have an idea for a business, we can also assist you in start-up your new business directly in the UK from the ground up. In England, Wales and Scotland you must register your business, which we can do for you. Let us know how we can help.
Coddan offers fixed fee for the complete UK private limited company formation with annual account & return preparation & filing it with Companies House and HMRC.
The description of our package in brief:
A company registration with Companies House & HMRC;
The provision of a registered address & opening a bank account;
The preparation & filing of annual account.
Our business start-up package is ideal for customers, who need a monthly bookkeeping, and the preparation of the final year-end account & its submission with Companies House & HMRC.
Our business and accounting start-up services include:
The registration of a company;
The registered office address;
Display of a company name;
A nominee secretary;
A business bank account;
The provision of a tax agent with the HMRC;
A monthly bookkeeping service;
The PAYE scheme registration;
The preparation & filing annual return & annual account.
ALL-INCLUSIVE
This package is ideal for such customers, who needs to appoint Coddan to deal with the bookkeeping & VAT requirements during the financial year.
The registration of a company & and the provision of registered office address in London.
The provision of a nominee secretary & opening a bank account.
The VAT registration & the provision of the tax agent service.
The keeping of the VAT & bookkeeping records with its submission & timely registration with CH and HMRC.
If you are reading this page, then it is very well defined that you are giving thought to start-up a new limited in England, Wales or Scotland. You have to looking at expanding your current existing business or the main business concept or a business idea in to the UK market. Whichever it is, we are assuming that you will choose us at Coddan CPM as your reliable business consulting and navigation partner, through the UK corporate law and legal requirements.
In business relation with you, the business planning, preparation of the suitable business and corporate structures, on-going consultation and advice will be the main key factor for us and it will ensure your business concept positive results. Our main top priority will be to make sure that all of your statutory responsibilities, tax obligations, and the legal requirements are met the proper, internationally recognised groundwork is in place in order that you can operate fortunately.
Our clients are successful entrepreneurs, mostly from the UK, Saudi Arabia, Germany, China, Bahrain, India, Italy, Pakistan, Spain, Turkey, France, all CIS countries, UAE, and the United States - we are serving customers around the world. We attach the appropriate accurate to ensure that our business consultants not only know the legal scenario and complexities of the UK business, corporate law. etc., but also have the appropriate foreign expertise concerning foreign companies ' formation. We do not just speak several of the European languages, we believe that we also understand the different cultures and business mind sets of our clients. Our professional business advisors are always there for you. We have built a small but strong team of tax experts, consultants and accountants.
Our services include the tax planning, annual tax returns and annual accounting preparation. In addition to these services, we particularly concentrated on the registration and management of companies, partnerships and private foundations. Please do not hesitate to contact us whenever you are in London.
Company Formation: Specialist Areas
Online formation of companies limited by shares, companies limited by guarantee, public companies limited by shares or by guarantee, community interest companies & limited liability partnerships;
Filing changes with Companies House;
Maintenance of the statutory books;
Acting as the service agent and the tax agent;
Complete accountancy packages - these includes the preparation of annual returns, Companies House filings, bookkeeping, VAT returns, and the preparation and filing of annual accounts with Companies House and Tax Office.
When you have in mind to register a company, you will need an expert advice and professional assistance to ensure that the company is registered in the way which meets your specific business requirements.We can provide the professional advice that you need on few issues, including the role of the company directors, their powers, duties, and responsibilities, etc. Our company formation specialists can provide an expert advice on: -
Formation of a new company;
Readymade companies;
Registration of the groups of companies;
Registration of a limited partnership;
LLP incorporation;
Corporate restructuring and companies re-registration.
Whilst company formations are offered in various web sites, Coddan team will examine the type of a company that your business needs and provide the tailored corporate documentation.The official legislation for a company formation is the Companies Act 2006, which presents as follows: -
Companies may only be registered for the lawful purposes;
Companies must be registered by one or more persons;
The founding shareholder must subscribe their names to the memorandum and articles of association.
Important Note:
The formation of limited companies can take 4-6 hours if applications and payment are received before 13:00 a.m. London-time and Companies House permitting* (Companies House then aim to respond to electronically filed documents within 4-6 working hours. Although this is not always possible, it does generally mean that if you placed an order before midday on a normal working day we can have your company registered by the end of that same day. Call us to discuss your needs and see how we can help.
Bank Accounts:
Coddan provides bank introduction service for customers who require a private or corporate bank account for the UK registered company. We can help to open a bank account with banks in England, Scotland, and Northern Ireland. We can also assist you to open a bank account in the Republic of Cyprus and in Republic of Latvia, we can also assist to open a bank account in Belize. Call us to discuss your needs and see how we can help.
£3,800
Actively Trading LTD
Pay £2,500 now and £1,300 eleven months after. This package includes all needed services for the set-up and operate an actively trading business in the UK.
What services do you get?
The registration of a company.
The provision of the registered office address for trading company at the Baker Street in London; including a company name display at the registered address.
The provision of the UK citizen as a nominee director and shareholder.
The initial registration of your company as a trading with the HMRC.
The provision of the tax agent with the HMRC.
Phone & fax Numbers with call answering, correspondence address & mail forwarding via e-mail.
Keeping your company registers at the registered office address.
The UK bank account (without of your personal visit).
The VAT registration and communication with the UK authorities.
The notarised & apostilled set of all corporate documents.
Whether you want a readymade company, a tailor-made new company, company limited by guarantee, public company limited by shares, or public company limited by guarantee, or a limited liability partnership we can help to incorporate and register a new business entity and firm for you. For urgent needs, we can also arrange the same day company formations. We can also offer any of the following secretarial services: -
Provision of the registered office facilities;
Company name changes;
Acting as a nominee secretary;
Acting as a nominee director and nominee shareholder;
Authentication and legalisation of documents by Notary Public;
Notarisation of company documents, affidavits, statutory declarations, and sworn statements;
Witnessing a power of attorney;
Legalisation of documents apostille;
Embassy and consulate documents certificate attestation;
Documents certificate attestation by Ministry of Foreign Affairs;
Documents certificate attestation by British Chambers of Commerce;
Setting up a small business involves a number of important steps if you want to get things right. Forming a company with us could not be easier, our simple online new business creation form carries out your limited company incorporation the way you want it, with your chosen officers, or nomine members and directors - full set of corporate documents, no activation fees, free-phone help and online advice. Normally, registration or acquisition of a limited company at the beginning is a very quick process, of course, the company will require professional advice and professional services during its development. Our consultants can help you to start-up your business and support it in many ways during its development. As ancillary services to the formation of UK companies, we can offer you the following services: -
Maintenance of statutory registers;
Preparation of special resolutions;
UK and offshore bank accounts introductions;
Value Added Tax (VAT) registration and VAT returns;
Bookkeeping & accounting;
Completion & filing of annual returns;
Accounts and tax return;
Assistance with international audit requirements;
Day-to-day administration;
International Re-invoicing Services.
Limited Company Formation Procedure 1. To form a company, our customers do not need to come to the UK and visit our office at Baker Street. It is advisable to visit our office to have a personal face-to-face meeting to discuss your needs, the range of our services or for the creating of a complex business structure.
2. You should fill out and submit an online order form by choosing the appropriate company formation option on top of our website. You need to provide us the proposed company name, details of your new company director and shareholder. Appointment of a company secretary is not the mandatory required, but it is still advisable to such clients who are starting business at the first time, or for clients from outside of the UK.
3. You should also to provide us the details of your own address in the UK, which you would like to use as a registered office address. In the case if, you do not want to use your home address as the registered office address, or if the foreign customer who does not have his/her address in the UK, you may choose an option where we provide our own address as the registered office address.
4. After filing and submitting the order form, you should pay for the order. You can pay us online, using you debit or credit card, or by phone, or by arranging a banking transfer.
5. As soon as we will receive your application form and the payment, we prepare all the documents for incorporating a company, including the memorandum and articles of association, and submit the request to register your company with the companies' registrar.
6. Normally, within from four to six hours, we will receive the notification from the company's registrar with the confirmation that your new company has being registered; we generate all necessary and relevant corporate documents and send them to you via e-mail and by post.
Useful Tips:
The company secretary usually acts as the chief administrative officer of the company, leaving the directors free to concentrate on running the business. The company secretary does not have to be a director but they do share some of the directors' legal responsibilities. You can delegate secretary work to an outside expert - for example, a company secretarial service provider. Contact us to see how we can assist you.
The Common Reasons to Register a Limited Company in the UK Risks and liability minimisation: formation of a limited liability company can limit your liability to any debts achieved by your new company.
The public status: creation and registration of a company demonstrate that you accomplished to your business aim. It is more official than operating as a self-employed. Your potential customers and suppliers may also refuse to deal with you unless you do your business through a dully-registered business company.
The finance and loans: private investors may want to own shares of your company in exchange for their investment. If you registered as a private company, you can issue additional class of shares and transfer them to potential investor. The ownership - if more than one person is going to own a business then the easiest way to allocate the ownership is to register a company and issue shares to business owners.
The low share capital requirements: while the most countries require that you have large capital investments to incorporate a company, there is no minimum or maximum share capital required to register a company in the UK. Please take the note, that solicitors, lawyers or notary public do not required to incorporate or start a business in the United Kingdom.
If you want to know more information about additional reasons to register a company, such as tax aspects, tax-deductible expenses, legal aspects, etc., please do not hesitate to contact us or visit our office in London.
Directors' Nationality:
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. To register a company in the UK you must have a valid registered office address in the United Kingdom. Call us to discuss your needs and see how we can help.
Life of a Company: Completing an Annual Return An annual return is a snapshot of general information about a company's directors, secretary (where one has been appointed), registered office address, shareholders and share capital. Every company must deliver an annual return to Companies House at least once every 12 months. The company's director(s) and the secretary (where applicable), are responsible for ensuring that they deliver the annual return to Companies House within 28 days after the anniversary of incorporation of a company or of the anniversary of the made-up date of the last annual return.
If you do not deliver the company’s annual return, the Registrar might assume that the company is no longer carrying on business or in operation and take steps to strike it from the register. An annual return must contain the following information: -
The name of the company;
Its registered number;
The date to which the annual return is made-up (the made-up date);
The principal business activities of the company;
The type of company it is, for example, private or public;
The registered office address of the company;
The address (single alternate inspection location - SAIL) where the company keeps certain company records if not at the registered office, and those records held there;
The details of the company secretary (corporate or individual), where applicable; and
The details of all the company's directors (corporate or individual).
If the company has share capital, the annual return must also contain an indication whether the company was a "Traded company" or if the return is made up to 1/10/2011 or later "if the company’s shares have been admitted to trading on a relevant market" at any time during the return period; a statement of capital; and details of the shareholders.
Every company with a share capital must complete a statement of capital as part of the annual return. This includes: -
a) The total number of shares of the company; b) The aggregate nominal value of the shares; c) For each class of shares: the voting rights attached to the shares
The total number of shares of that class; and
The aggregate nominal value of shares of that class, and
d) the amount paid up and the amount (if any) unpaid on each share (whether on account of the nominal value of the share or by way of premium).
If a company has converted shares into stock, it must give the corresponding information in relation to that stock, stating the amount of stock instead of the number and nominal value of the shares.
A private company or a non-traded public company with share capital must provide a 'full list' of all shareholders on its first annual return following incorporation; and every third annual return after it has provided a full list. The intervening two annual returns need only report any changes to shareholder information that have taken place during that year - that is, shares transferred and details of people who have become or ceased to be shareholders.
Useful Tips:
The requirements and filing deadlines of the Companies Act 2006 are not the same as those of Her Majesty’s Revenue and Customs or any other regulatory bodies such as the Financial Services Authority. There are also separate requirements for companies that are charities. It is the directors' responsibility to be aware of the different requirements. Contact us to see how we can assist you.
Life of a Company: Accounting Records Every company, whether or not they are trading, must keep accounting records. What must accounting records include? Accounting records must in particular contain: -
Entries showing all money received and expended by the company; and
A record of the assets and liabilities of the company.
Also, where the company's business involves dealing in goods, the records must contain: -
Statements of stock held by the company at the end of each financial year;
All statements of stock takings from which you have taken or prepared any statements of stock; and
Statement of all goods sold and purchased, other than by ordinary retail trade. This should list the goods, the buyers and sellers.
Parent companies must ensure that any subsidiary undertaking keeps sufficient accounting records so that the directors of the parent company can prepare accounts that comply with the Companies Act or International Accounting Standards.
A company must keep its accounting records at its registered office address or a place that the directors think suitable. The records must be open to inspection by the company's officers at all times.
If the company holds the records at a place outside of the UK, it must send accounts and returns at least every six months and keep them in the UK. Those accounts and returns must disclose the financial position and enable the directors to prepare accounts that comply with the requirements of the Companies Act, including where the accounts are prepared using International Accounting Standards.
Private companies must keep accounting records for 3 years from the date they were made. Public companies must keep them for 6 years.
Life of a Company: What Happens if I don't Keep Proper Records? HMRC wants you to pay only as much tax as you owe. However, if you can't show sufficient evidence of your income and outgoings, you could end up paying more tax than you should. If you do not maintain good records, you might not be able to render your VAT return on time and this can result in a surcharge. Wherever possible, HMRC will give you the benefit of the doubt, but don't forget there are penalties for failing to keep proper records to back up a tax return or claim. If you are charged any penalties, you have the right to appeal against them to independent tribunals.
Corporation Tax Penalties:
If your company or organisation is liable for Corporation Tax, and you do not meet HM Revenue & Customs (HMRC) deadlines and requirements, then you may face a penalty. If you discover you have made a mistake, or not told HMRC something you should have, you should tell them immediately. This may reduce the amount of penalty you face or may mean you do not have to pay one at all. Contact us to see how we can assist you.
If your company or organisation has Corporation Tax to pay but you don't receive a 'Notice to deliver a Company Tax Return' from HMRC, you still must tell HMRC it's liable for Corporation Tax. You must do this within 12 months of the end of your Corporation Tax accounting period. If you don't, your company or organisation may be charged a penalty. HMRC calls this a 'failure to notify' penalty.
Life of a Company: Accounts for your Members The directors of every company must prepare accounts for each financial year. These are called individual accounts. A parent company must also prepare group accounts. A dormant company that is also a subsidiary may be able to claim exemption from the preparation or filing of its accounts under certain circumstances. Generally, accounts must include: -
A profit and loss account (or income and expenditure account if the company is not trading for profit);
A balance sheet signed by a director on behalf of the board and the printed name of that director;
Notes to the accounts; and
Group accounts (if appropriate).
And accounts must generally be accompanied by: -
A directors' report signed by a secretary or director and their printed name, including a business review if the company does not qualify as small;
An auditors' report stating the name of the auditor and signed and dated by him (unless the company is exempt from audit).
A company's first accounts cover the period starting on the date of incorporation, not the first day of trading. They end on the accounting reference date or up to 7 days either side of that date. Subsequent accounts start on the day after the previous accounts ended and finish on the accounting reference date or up to 7 days either side of it.
Important Note:
There is no requirement for companies to use a professional accountant to prepare their accounts. However, directors should be aware of their legal responsibilities regarding accounts and if they are uncertain about the requirements they may consider seeking professional advice. Call us to discuss your needs and see how we can help.
Every company must send a copy of its annual accounts for each financial year to: -
Every member of the company;
Every holder of the company's debentures; and
Every person who is entitled to receive notice of general meetings.
This will not apply to certain dormant subsidiary companies that are exempt from preparing accounts. The company's board of directors must approve the accounts before they send them to members etc.
A director must sign the balance sheet on behalf of the board and print their name, with any exemptions statements appearing above the director's signature;
A director or the company secretary must sign the directors' report on behalf of the board and print their name. Any statement about its being prepared under the small companies regime must appear above the signature; and
If the company has to attach an auditor’s report to the accounts, the report must include the auditor’s signature and their name must be printed.
Where the auditor is a firm the auditor’s report must state the name of the auditor and the name of the person who signed it as senior statutory auditor on behalf of the firm.
Life of a Company: Accounts for Companies House You can simply file a copy of the accounts that you have already prepared for the members/shareholders at Companies House. However small and medium-sized companies may file an abbreviated version of those accounts which has less detail.
All private limited and public companies must file their accounts at Companies House. A dormant subsidiary may be able to claim exemption from the preparation or filing of its accounts under certain circumstances. If you are filing small audit exempt accounts you may be able to file accounts using the joint filing option which enables you to enter your accounts data once and use it to submit to both Companies House and HMRC.
Companies House and HMRC have different filing deadlines and penalties for late filing. It is the directors' responsibility to ensure that they know what the deadlines are. If you are filing your company's first accounts and those accounts cover a period of more than 12 months, you must deliver them to Companies House: -
Within 21 months of the date of incorporation for private companies, or
Within 18 months of the date of incorporation for public companies, or
3 months from the accounting reference date, whichever is longer.
The deadline for delivery to Companies House is calculated to the exact day. For example, a private company incorporated on 1 January 2011 with an accounting reference date of 31 January has until midnight on 1 October 2012 (21 months from the date of incorporation) to deliver its accounts, not 31 October. If the first accounts cover a period of 12 months or less, the normal times allowed for delivering accounts apply.
Unless you are filing your company's first accounts the time normally allowed for delivering accounts to Companies House is: -
9 months from the accounting reference date for a private company; or
6 months from the accounting reference date for a public company.
If the Registrar believes that a company is no longer carrying on business or in operation, he could strike it off the register and dissolve it. If this happens all the assets of the company, including its bank account and property, generally become the property of the Crown.
Late Filing Penalties :
Failure to deliver documents is a criminal offence. All the directors of the company risk prosecution. On conviction, a director could end up with a criminal record and a fine of up to £5,000 for each offence. This is separate from the civil penalty imposed on the company for late filing of accounts. Failure to pay a late filing penalty can result in enforcement proceedings. Call us to discuss your needs and see how we can help.
Company Formation Service
We provide a fast online service for UK company registration, including private, public and guarantee companies formation, establish of LLP and other business entities incorporation in England, Wales, and Scotland.
Setting up a business for the first time can be confusing and there are too many issues to consider. You need to decide whether to use professionals who can help you to incorporate your business, and to choose the best ownership structure for your business.
Choosing a structure for your business can be a confusing puzzling of terminologies. However, with this basic guide, you will be able to select the structure that will serve your business best at tax time. We would like to recommend you to get a professional legal and tax advice from one of our consultants before a final choice of business entity will be made. There are several types of legitimate commercial and non-commercial legal entities which you can choose to operate as. Find out the links below on the pros and cons of registering your business.
Coddan is one of the leading service providers in the field of English, Scottish, and Irish companies formation and registration. We can help you in starting a business in England & Wales Scotland, Northern Ireland and Republic of Ireland. Over 95% of our UK companies are incorporated within 4-6 hours. The electronic submission of information enables a fast company start-up satisfying all of the required legal formalities: a director, a secretary, a registered office address and shareholders.
Our electronic filing software has been approved by Companies House. Companies House (Companies Registry, Secretary of State) is an executive agency of the United Kingdom Government Department of Trade and Industry (DTI). All limited companies in Great Britain are registered with Companies House and file specific details as required by the Companies Act 2006.
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New Limited Company Formation in Brief We have come up with the unique fast-track company setting-up system which will allow you to own a company and sign on its behalf in as little as six hours. With our new online electronic companies registration system, we take you through each step of your private or guarantee company start-up process as quickly and as simply as possible. We offer a seamless link between yourself and Companies House. By providing 100% of the details online using a simple, well laid out process, you don't have to get tied up with complicated forms.
After submitting, just sit back and wait for our email notification. You will be registered as the founding director and shareholder of the company, this means that you can open your doors for equity or debt financing from other sources since the company is actually registered in a real persons name who is responsible for the operations of the company.
We are one of the leaders in the field of registering and forming limited companies for all businesses and professional intermediaries. We deliver an unbeatable service at highly competitive rates. As the low-cost registration and limited company incorporation specialists, we understand that small businesses have small budgets.
Coddan provides the virtual office services, including mail forwarding, phone answering and street address registration for both private and business users wherever you are in the world. Coddan aims to provide you with a service that's second to none. That means providing you with an individual and flexible service which we will adapt to match your business requirements. It means always investing in the latest technology so whether you are a large business or a private individual, you will always benefit from the most up-to-date facilities. Your calls will be routed to your own team of trained receptionists who will answer calls in your company name and according to your specific instructions. Our services include: -
Your own central London street address;
Mail collected, sorted and forwarded to you wherever you are or held for you to arrange collection;
Professional phone answering with your business or personal greeting;
Services such as fax broadcasting to improve communications or increase awareness of products and services;
Email messaging and bulk email marketing and SMS text messaging.
Give your business the first impression it deserves! We act as your receptionist handling all incoming calls in your company name. We can either take messages or patch calls through to either another landline or mobile - fantastic for businesses based around mobile, remote or multi-site employees. Any messages taken will be forwarded to you by the delivery method of your choice - email, SMS or fax. We can also ensure that specific messages are delivered to different individuals.
We take as many details about your business as we can so that we can give callers directions, provide them your opening times or web address details. Call us now and we can provide you with your own unique 0207 or 0330 telephone number, or a 0800 number with our receptionists ready to take your calls in less than 24 hours! You can use our prestigious London address for mail receipt and forwarding, allowing you to read your office mail in your own home or office, anywhere in the world. You can use our prestigious London address on your stationery and for mail forwarding.
London Bookkeeping Services – Accountancy Services, Payroll Services, Tax and VAT Returns Whether yours is a new or a mature business, ensuring that you have the necessary finance is essential for achieving your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing. We can help you: -
Conduct a feasibility study of your projects;
Decide on the most suitable sources of finance - personal capital, bank overdraft, long-term commercial loans and mortgages, national and regional agencies, venture capital, or equity capital;
Prepare the necessary business plan, forecasts, prospectuses, etc.;
Present your proposals to your chosen finance source;
Arrange a disposal, merger/acquisition, or management buy out/in;
Our expertise and contacts will help you open doors that may otherwise have remained closed for you.
Coddan offers bookkeeping and accounting services for business start-ups, small, medium and large businesses, our accountants and business advisers based in London at Baker Street. Our primary role is to take away the pain of accounting and financial management and help our clients to run successful businesses. We help our clients to make more money, save tax and grow their business. Our service level and quality of services are suit your budget or individual needs, our prices are fixed ensuring you do not have expensive accountancy bills. The precise bookkeeping services provided will depend upon your specific requirements, but will typically include: -
Maintaining accurate and complete nominal, sales and purchase ledgers;
Reconciling your bank accounts;
Preparing VAT returns.
As well as ongoing bookkeeping services, we can also provide short term assistance, either to cover absences in your own staffing, or whilst the business is too small to justify employing full time accounts staff.
Bookkeeping is time consuming and parts of it can be technically difficult on some computerised systems. In addition, there is often not enough volume to justify a full time in-house employee. Instructing us to provide this service means that you can worry about other, more productive, parts of your business. This form of outsourcing should also introduce efficiencies which should keep accountancy fees down for year end statutory work. Practical examples of our book-keeping expertise: -
Providing bookkeeping services prior to preparing statutory accounts;
Maintaining the outsourced accounting records of UK subsidiaries and reporting to overseas parent companies;
Structuring your affairs so as to delay payment of VAT to HM Customs & Excise;
Advising on how long to keep business records under law.
Registration of a Limited Company & Accountancy Service for International Customers No man is an island; and these days few businesses are. Rapid globalisation, the growing importance of the EU, and the burgeoning growth of the Internet as a business medium are all conspiring to add an international dimension to UK businesses. Trading with overseas companies, selling to overseas markets, and setting up overseas operations all require expert knowledge. We can help you: -
Set up accounting procedures for dealing with the euro or other currencies;
Determine the best business structure for tax purposes;
Reduce your overseas tax burden;
Develop strategies for financing overseas subsidiaries;
Repatriate profits at minimum tax cost.
Expert Payroll & Administration Services for UK and International Businesses As payroll becomes more and more complex, time consuming to process and expensive to update the annually changing parameters, many businesses are now outsourcing this accounting function to a specialist payroll bureau. This bureau is then responsible for wages processing, staff cover, technical aspects, IT equipment maintenance, stationery procurement and maintaining the general confidentiality of this sensitive information.
We offer a complete payroll bureau facility, where individual services can be selected from the following options, to free your time and allow you to concentrate on running your business: -
You advise us of the gross pay, for a weekly, fortnightly, four weekly, monthly or quarterly pay period
We calculate the net pay, supply you with security payslips and advise you how much PAYE and NIC to pay the Inland Revenue
Advising you in relation to the legal requirements for offering your employees access to stakeholder pensions
Preparing all necessary forms P45s, when an employee leaves
Preparing end of year returns P35 and P60/P14's, before filing these with the Inland Revenue in advance of the statutory deadlines
Arranging for your employees to be paid by BACS, or other electronic means
Providing ongoing ad-hoc support for all of you wages queries
Performing PAYE/NIC healthcheck reviews, prior to a control visit
Preparing forms P11d and calculating the resultant class 1a NIC liability
Advising you in relation to the payroll implications of IR35
Advising you of the journals necessary to update your computerised accounting records
Tax efficient remuneration planning.
As well as releasing your time and ensuring the quality of wages administration, outsourcing this function will usually save you money. We will be responsible for software updates, purchasing stationery and staff absenteeism cover. We will also ensure that you pay no more PAYE/NIC tax than you absolutely have to.
Strategic Planning Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over- or under-capacity, or missed opportunities. Every business owner needs a planning adviser who has the time and space to take the long view and advise on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact us today for a planning review.
Professional Audit Services for UK & non-UK Customers Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre. Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions.
We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
Corporate Tax Planning Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include: -
Determining the most tax effective structure for your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximising relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the rigorous demands of compliance including corporation tax self assessment
Acting on your behalf in discussions with the tax authorities
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
HM Revenue & Customs: Bookkeeping Services and VAT Returns Value added tax is arguably the most illogical and complicated of all the taxes. In addition, it is 'policed' the most robustly by the relevant tax authority when you get it wrong. Because of this, and because of the tax planning opportunities which exist for this tax, we have established a specialist team to advise on all VAT matters. Depending on your particular circumstances, the VAT areas where you may require assistance include: -
VAT registration
Providing bookkeeping services, from which we prepare quarterly VAT returns and management accounts
Performing a tax healthcheck prior to a VAT control visit and assisting you during this examination
VAT advice in relation to a particular transaction or set of circumstances
VAT de-registration.
Calculating and disclosing your VAT liability to HM Customs and Excise is principally achieved by completing normal monthly, quarterly or annual VAT returns. Clients who are fearful that this calculation may be investigated by Customs may wish to consider taking out our fee protection insurance. Seek our advice in structuring your financial affairs and calculating your net VAT position and rest assured that you will not be paying any more VAT than you absolutely have to. In addition, we shall complete all of the necessary paperwork for you and communicate with HMRC, on your behalf.
Incorrect accounting for VAT is a common problem and can result in errors on your VAT account, incorrect payments to HMRC (HM Revenue and Customs) and possible fines, affecting your cash flow. As the client of Coddan you can be sure that your VAT is being managed by experts.
Trusts & Executorships Trusts are relatively easy and very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net. We can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts. We can also advise you on the preparation of your will. Where appropriate, we can act as trustees or executors.
UK Tax Information: How Much Tax Should I Pay UK corporation tax is charged on the worldwide profits (income plus gains) of any company that is resident in the UK. A company is UK resident if it is incorporated in the UK or if its centre of management and control is in the UK. If a company has a majority of UK resident directors it is likely to be UK resident, although the test is where management is actually exercised.
Careful planning of business activities can significantly reduce the corporation tax bill and thus increase retained profits for many UK businesses. By beginning a structured planning scheme, you can ensure that the maximum available profits stay in your company, and reduce the chance of overpaying Corporation Tax to the Inland Revenue.
Many companies are members of groups for trading purposes, but before setting up such a structure, careful consideration should be given to the potential impact this will have on tax. With differing corporation tax rates, group structures make this task complex, as each group member will require individual advice and the overall tax impact will require detailed reviewing before committing to any such structure.
Other tax saving opportunities arise when you are considering selling your business. Depending upon the nature of the sale, ensuring the proper company structure before sale can reduce the tax charge considerably. So if you are contemplating a sale, please seek professional advice on whether a reorganisation of your company would be beneficial.
Even with smaller companies, not all shareholders will have the same needs when it comes to extracting value from their company. It is therefore important to structure the company's share capital in the best way and to ensure that tax efficient remuneration packages are designed for the owners.
UK Registered Companies and Capital Gains Tax Capital Gains Tax (CGT) is payable to the Inland Revenue when an individual, trust or company sells or transfers or gifts property (tangible or intangible) to another entity.
As with most taxes, there are numerous exemptions and reliefs available, most of which are complex and require specialist advice. Some assets are not liable to Capital Gains Tax, whereas others are only liable above a certain value. There is also an annual allowance, enabling individuals to make small gains on disposals each year, without paying any tax at all.
Why Should You be Interested in Capital Gains Tax? If you own anything of value and decide to sell it, you potentially fall within the realms of CGT. If you do not inform the Inland Revenue of your disposal, you could also be liable to penalties where the Revenue feels it appropriate. The rate of CGT depends on your circumstances. In general terms, you pay tax at whatever your highest rate of tax is.
My Compny is Registered in the UK: What can Coddan do for Me? Complicated and detailed calculations are required in order to finalise how much CGT is payable on the disposal of a particular asset. There are many relief’s and exemptions available, which can reduce or eliminate your tax bill, and should ensure you pay the minimum amount of CGT.
Starting Business in the UK: Income Tax Current UK Income Tax is chargeable against most earned income, including PAYE earnings, dividends, interest and so forth. There are various rates at which Income Tax is charged, ranging from 10% through to 40%.
The government provides every UK taxpayer with a personal allowance of £8,105 per year. All income earned or received up to this allowance should not attract any Income Tax. If you think you have paid income tax whilst below this limit, we recommend that you speak to your Coddan tax adviser. Following your personal allowance, there are three main bands, with tax payable at 10%, 22% and 40%. Each band is specified by the Inland Revenue, with the higher rate band covering all income above the upper limits.
It is important that you maximise the reliefs and benefits available to you, which is where Coddan can help. Our dedicated teams of tax advisers can provide you with advice and services to meet your individual requirements, from arranging completion of your tax return, to maximising your allowances and reliefs for your income and earnings.
Income Tax:
Not all income is taxable - and you're only taxed on income above a certain level. If your taxable income is more than your tax-free allowances you must contact HM Revenue & Customs (HMRC) if you're not already paying tax. If it's less than or equal to your allowances, you shouldn't be paying tax and may be due a refund. Contact us to see how we can assist you.
Tax Investigations and VAT Visits Tax investigations can be intimidating and are often avoidable, if expert advice is sought early, from your accountant. Coddan have dealt with many clients who have experienced differing levels of investigations, ranging from Income Tax and VAT, through to PAYE investigations. Regardless of the government body that instigates the investigation, early intervention from your accountant can reduce, or even eliminate the threat of a full investigation from occurring.
Many investigations begin life as general enquiries from the government body in question. If these enqiries are not dealt with promptly and accurately, it is possible that a full investigation will begin soon after. In some cases, it is impossible to avoid an investigation, as both the Inland Revenue and HM Customs and Excise do perform general visits which require certain records and evidence to back up any claims you have made. These are not full investigations, and should be treated with caution, with a view to eliminating the risk of a full investigation occurring.
VAT officers are responsible for the collection of VAT for the government. They check businesses to make sure that their VAT records are up to date. They also check that amounts claimed from or paid to the government are correct. They examine VAT records, question the business owner or the person responsible for the VAT records and watch business activity.
Each visit will take from a couple of hours to several days, depending on the complexity of the business. This guide explains why VAT visits are necessary, how they are arranged and what happens during a visit. It also explains what you need to do to prepare for a visit and what happens afterwards.
If your business is VAT-registered, you are responsible for accounting for VAT correctly. You are also responsible for making any VAT payments due on time.
To keep proper VAT accounts, you need to keep various documents you have issued or received - including receipts and suppliers' invoices. You do not have to keep records in any set way, but they must be complete and up to date. They must also be easy for VAT officers to check, and the figures that you have used to fill in your VAT Return must be easy to reconcile. Usually, you can adapt your normal business records quite easily to provide this information.
HM Revenue & Customs (HMRC) makes VAT visits as part of their checks to make sure that you are paying the correct amount of VAT. VAT officers also use their visits to make sure that your accounting and record keeping is accurate and up to date. VAT officers can give you help and guidance during their visit. You shouldn't hesitate to ask them questions on anything you're unsure about. There is no need to wait for a visit to do this - you can contact HMRC at any time.
How often VAT officers visit depends on the size and complexity of your business and your past record of meeting VAT requirements. If you have previously submitted late or incorrect VAT payments or declarations, then VAT officers may visit you more often.
Visits vary in length. If you have a small business, your visit might only last a few hours. If you have a large or complex business, it might take two or more days. The majority will be completed within one day. Providing the relevant records and assisting VAT officers to understand them will help to speed things up, particularly if there is anything special or unusual about your business. Generally one officer will visit, but may be accompanied by a colleague to speed the visit up, or to cover a different area of VAT. Occasionally the officer may be accompanied by a colleague who is undergoing training.
You may also be visited at a later date by a more senior officer who will check that the first officer carried out their duties correctly. VAT officers normally visit you at your main place of business. This allows them to: -
Get a better understanding of your business
Answer any queries you have
Check your records with as little disruption as possible.
If you do not keep your VAT records at your main place of business, you should tell HMRC when they make the appointment for the visit. The VAT officer can then tell you which records they need to see, or agree to examine them somewhere else. Even if the VAT officer examines your records in a different place, they may still want to visit you at your main place of business to discuss your business and see your premises. This won't always be necessary - if, for example, your principal place of business is your home, and your work is that of a computer consultant or similar, the VAT officer may agree to meet you at your accountant's premises instead.
When a VAT officer arrives, they will identify themselves by name, produce their ID card and explain why they're there. They'll be quick and efficient to keep the disruption to your business to a minimum. First, they'll discuss the various aspects of your business with you. Then they'll examine your business records and, where appropriate, inspect the premises and any goods on the premises.
They will also take some details of supplies made to, or by, you. This is so that they can cross-check the correct tax treatment in your suppliers' or customers' records. On some occasions, this will be the main purpose of the visit. If this is the case, the VAT officer will tell you when making the appointment. At the end of the visit, the VAT officer will: -
Review with you the work carried out during the visit
Explain any areas of concern they have identified, discuss them with you and agree any future action needed
Explain any adjustment they need to make to the VAT payable, agree it with you as far as possible and explain how it will be made
Tell you if you have overpaid or underpaid.
Where there is anything you need to pay, or any payment due to you, HMRC will confirm this with you in writing - generally a few days later. If you disagree with a decision, first discuss it with the visiting officer. In any case, they'll tell you how to get a review of the decision or how you can appeal if you disagree with it. Remember that even if a VAT officer does not find any mistakes in your records during a visit, you must not assume that this means you are accounting for VAT completely correctly. The officer will not normally have time to examine all of your records, so it will still be your responsibility to ensure that correct accounts are kept and that the correct payments are made.
Afterwards, if you or HMRC think it's necessary, HMRC will write to you with a summary of the visit, along with any rulings, agreements or recommendations. If there are any unresolved matters HMRC will give you a reasonable amount of time to provide further information. If you disagree with any decisions, or wish to appeal on other grounds, you may appeal to an independent tribunal. If you think that an officer has exceeded his or her authority or acted improperly, you can ask for an explanation. If you're not satisfied you may wish to make a formal complaint.
VAT Investigations:
If you are aware that you have a VAT accounting problem, or discover one during your inspection preparation, you should seek help from a professional immediately. Mistakes happen and it is better to admit them to the inspector and explain what you’re doing about it. Call us to discuss your needs and see how we can help.
In these circumstances, it is advisable to contact your accountant immediately, who should be able to provide help and support, and confirm which records to supply to the Revenue or Customs as evidence.
Running a Company: Statutory Accounts Preparing accounts, for internal and external reporting purposes, is our core disclipline. This process can begin from a bag of invoices and bank statements, or fully reconciled computerised data being e-mailed to one of our technicians, or anywhere in between. Although the primary aim of such statutory accounts is to report the performance and financial position to the stakeholders of a business, we shall also advise you on the following other factors: -
The resulting taxation consequences
The view the accounts present to bankers, potential investors, credit rating agencies, your competition
Industry standards for the accounting policies followed to prepare these statutory accounts.
Instruct us to prepare your statutory accounts and we shall unburden you of the worry of correctly calculating how your business has performed and we shall take away the complication of ensuring all technical disclosures are correct. We shall also ensure that they are prepared in sufficient time to be filed with the relevant Authorities by the statutory filing deadlines, so that no late filing penalties are incurred. When preparing these accounts, we shall be mindful that your tax liability is related to these results and we shall actively seek proven techniques to save you tax.
Running a Business: Management Accounts Preparing accounts, for internal and external reporting purposes, is our core disclipline. For management accounting purposes, this outsourcing service can either be carried out on-site or remotely. Although the primary aim of such internal management accounts is to report the performance and financial position of the business to management, we can structure this reporting to also advise you on the following other factors: -
Divisional/Branch results,
Actual performance compared to budget and/or comparative periods
Costing information, including break-even turnover levels
Attending finance meetings to report on these accounts and advise accordingly.
Managing and improving a business requires timely and accurate financial information. Reduce your cost base, and release your valuable time, by outsourcing this key support service to us. As well as giving you peace of mind that this side of the business will now run smoothly, this will also enable us to offer valuable advice on the future running of the business.
Starting a New Business: Financial Planning With the current economic climate being so dire, it is not always adequate to create a flawless holistic plan that will apply to our financial services. However, Coddan CPM offers flexible financial solutions that will suit any business needs.
At Coddan, we offer unique and individual advice and constructive consultations to our clients, ensuring that we meet all of their business and financial requirements. Our team of qualified advisors can assist clients in all areas of financial planning, enabling you to receive the best possible solution to your monetary dilemmas.
We have built a reputation and relationship with our existing clients due to our friendly and professional manner in which we help guide them in the right direction. If you have a business plan that requires advice or financial planning, then you can book a consultation with one of our team of financial advisors who will help you gain the answers to all your business queries.
Creating an Idea into the Real Business: Individual Consultations Each company or individual will have their own unique financial problem or strategy, or will simply require investment advice. At Coddan CPM, we base each consultation on its own merit, giving the client our full time and focus. Every consultation is tailor-made to suit your needs.
With the dedication Coddan CPM invests in our clients, we have much more of a personal relationship with them, which allows you the confidence of knowing that a professional with whom you are familiar with is handling your financial solutions. Our dedication to individual cases allows us to focus more closely on the client and therefore enables us to offer the best possible service that we can.
As a completely independent business, Coddan CPM does not have any external responsibilities or obligations to outside bodies, other than the HMRC and Companies Registrar. This means that we only answer to the client, putting them first.
Pre and Post Incorporation Services: Teamwork While you may have individual consultations with a qualified advisor at Coddan CPM, we are a company that believes in teamwork – pulling together where necessary to get the best possible result for the client. In all instances, the client is our main priority. It is our insistence on teamwork that not only allows us to give our clients a more effective and thorough financial service, but also acts as a safety net to reassure the client that they will receive the support they need in all instances.
Your Company Formation Agent: London Location At our central London office, clients are welcome to come and visit and have an informal chat with an advisor, or book a consultation for a more in depth analysis of their financial business needs. Our warm, friendly staff will greet you and make you feel comfortable at our office. The advisors and consultants working at Coddan CPM will never sacrifice their professional integrity, and we strive to maintain our high level of expertise. We are well equipped to help individuals and businesses who wish to find a solution to a particular financial dilemma, or who simply would like some expert investment advice.
We also offer tax strategies that allow you to minimise the amount of tax you pay whilst staying within the realm of the law. Generally, we do not offer free advice, though we can give our clients basic information if they have a simple query. However, if you need expert advice from a qualified consultant with years of experience, who will be able to help all your financial needs and assist you in every way possible, then a fee is applicable.
Our Client Base We have a diverse range of clients spanning across numerous areas of business, all with different needs. We can help optimise your financial prospects no matter your situation. Whether you are an individual wishing to gain financial independence or simply hoping to preserve your family's interests enabling the security of the future. We also deal with trusts that are interested in meeting certain objectives with their beneficiaries, and employers who wish to provide benefits and financial education for their staff.
Registration of a New Business: Why You Should Choose Coddan Coddan CPM has a prestigious history for providing company formation and business services, with many years experience behind us. It is our insistence on perfection and high knowledgebase that allows us to be the leading company formation agent within the UK. We work quickly and efficiently with financial and government bodies, allowing us to provide a reliable and trustworthy service.
Our fees are based upon the expert service we provide, and the time spent ensuring that we solve and answer all your business questions. We also help prepare and strategise the best financial solutions for your enterprise. We offer competitive rates for numerous different packages and individual services and products.
In addition, we can prepare letters for external bodies and other administrative duties on your behalf. We will always provide high quality expert advice and never misadvise our clients. Coddan CPM’s team of advisors are goal orientated and can work to tight deadlines, but this does not mean we will sacrifice our standards for the sake of rushing a job.
When you come to Coddan CPM for advice, you can be sure that you are in the care of a business expert. We will provide you with reports and data relating to your financial situation, enabling you to comprehend the steps we are taking toward assuring your success.
Supporting of Your Business: Improved Knowledge and Skill At Coddan, we are committed to training our employees to the highest level possible so that we can continue to provide the best possible service at all times. Coddan CPM always operates at the highest level, and we will continue to do so, investing in our staff so that we remain the number one business formation agent and financial advice service provider.
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Setting up a small business involves a number of important steps if you want to get things right. Forming a company with us could not be easier, our simple online new business creation form carries out your limited company incorporation the way you want it, with your chosen officers, or nomine members and directors - full set of corporate documents, no activation fees, free-phone help and online advice. Normally, registration or acquisition of a limited company at the beginning is a very quick process, of course, the company will require professional advice and professional services during its development. Our consultants can help you to start-up your business and support it in many ways during its development. As ancillary services to the formation of UK companies, we can offer you the following services: -
We have come up with the unique fast-track company setting-up system which will allow you to own a company and sign on its behalf in as little as six hours. With our new online electronic companies registration system, we take you through each step of your private or guarantee company start-up process as quickly and as simply as possible. We offer a seamless link between yourself and Companies House. By providing 100% of the details online using a simple, well laid out process, you don't have to get tied up with complicated forms. 
Coddan offers bookkeeping and accounting services for business start-ups, small, medium and large businesses, our accountants and business advisers based in London at Baker Street. Our primary role is to take away the pain of accounting and financial management and help our clients to run successful businesses. We help our clients to make more money, save tax and grow their business. Our service level and quality of services are suit your budget or individual needs, our prices are fixed ensuring you do not have expensive accountancy bills. The precise bookkeeping services provided will depend upon your specific requirements, but will typically include: -
UK corporation tax is charged on the worldwide profits (income plus gains) of any company that is resident in the UK. A company is UK resident if it is incorporated in the UK or if its centre of management and control is in the UK. If a company has a majority of UK resident directors it is likely to be UK resident, although the test is where management is actually exercised. 
Tax investigations can be intimidating and are often avoidable, if expert advice is sought early, from your accountant. Coddan have dealt with many clients who have experienced differing levels of investigations, ranging from Income Tax and VAT, through to PAYE investigations. Regardless of the government body that instigates the investigation, early intervention from your accountant can reduce, or even eliminate the threat of a full investigation from occurring. 
With the current economic climate being so dire, it is not always adequate to create a flawless holistic plan that will apply to our financial services. However, Coddan CPM offers flexible financial solutions that will suit any business needs. 
At our central London office, clients are welcome to come and visit and have an informal chat with an advisor, or book a consultation for a more in depth analysis of their financial business needs. Our warm, friendly staff will greet you and make you feel comfortable at our office. The advisors and consultants working at Coddan CPM will never sacrifice their professional integrity, and we strive to maintain our high level of expertise. We are well equipped to help individuals and businesses who wish to find a solution to a particular financial dilemma, or who simply would like some expert investment advice.