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Providing Businesses in the UK and Across the World with Telephone & Fax and Virtual Office
Services Include: Virtual Secretary, Call Answering Service, Virtual Receptionist
Forming & Registering LLP: Prestige Central London Mailing Address
Online Irish Company Formation And Use Of Our Registered Office Address, Dublin mail forwarding addresses
Offshore Limited Company Formation And Small Business Startup Offshore Advice
Seychelles Virtual Office - Call Answering, Mail Forwarding, Registered Company Address
Need an Experienced New York Business Executive to Help with a Startup? Starting a Business State of New York NY
Need an Experienced Florida Business Executive to Help with a Startup? Starting a Business State of Florida
Open UK Subsidiary Branch Company, Setting Branch United Kingdom London
Accountancy And Audit Often Forms The Basis Of A Regular And Efficient Service To Many Of Our Business Clients
If You Are A Business, We Can Help You With Reliable Accounting Services, Or By Providing External Audit And Corporate Secretarial Needs
Check Availability of Company, LLC, IBC or LLP Name Online
Company Formation With Bank Account, Business Name Registration, Limited Company Formation - PLC Formation
Set-Up and Register a Limited Liability Partnership: Limited Liability Partnership (LLP) Guide
Benefits of a BVI Company: BVI (British Virgin Islands) Offshore Company Formations
Belize Companies House Incorporation Services - Establish a Belize Company
Register Business in Cyprus, Registrar of Companies Cyprus: Company and Trademark Registration
Gibraltar Non Resident Company Registrations: Starting Business in Gibraltar, United Kingdom, Isle of Man and Scotland
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E-Quick Package |
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£ 32.00 | No Annual Charges | |  |
This is our most popular package with UK residents, and includes:
The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but 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 following documents, which need to be printed and signed, will be emailed to you upon formation of your company:
A certificate of incorporation (requires PDF file reader);
The memorandum & articles of association (requires MS-Word file reader);
The first meeting of the board of directors (requires MS-Word file reader);
Share certificates and a company register.
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Economy Package |
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£ 82.00 | Annual Maintenance Fee £50.00 | |  |
This is our most popular package with EU residents, and includes:
The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but 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 also included in the price of this package (our registered office address service is charged annually);
The following documents, which need to be printed and signed, will be emailed to you upon formation of your company:
A certificate of incorporation (requires PDF file reader);
The memorandum & articles of association (requires MS-Word file reader);
The first meeting of the board of directors (requires MS-Word file reader);
Share certificates and a company register.
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Premier Package |
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£ 131.95 | Annual Maintenance Fee £99.95 | |  |
This is another one very popular package for small and medium size businesses, such as those being run by a sole director from home, and for companies owned by overseas residents who still need a local registered office address but would rather not open local offices;
This package is often chosen by such customers, who are looking to minimise a sole director personal liability (and who are not quite familiar with the new UK corporate legislation), because this package includes a provision of a nominee secretary for 12 months. This package is also includes:
The registration your company from scratch using one of our registered office addresses, and appoint your own candidates to the roles of director, and shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but 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 also included in the price of this package (our nominee secretary service is charged annually);
The following hard bound copy 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.
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Deluxe Package |
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£ 256.95 | Annual Maintenance Fee £379.95 | |  |
The Deluxe business start-up package is our most popular package with international customers, and includes:
Incorporation of your company from scratch using one of our registered office addresses, our nominee director and nominee secretary, we will appoint your own candidate(s) to the role of shareholder;
The standard capital on formation is £1,000, this is divided into 1,000 ordinary shares valued at £1.00 each (it is not required to have all of the shares issued, but 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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| Business Start-Up: Legal Requirements | |  |
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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 | Capital Allowances Act 1990 (c. 1)1990 c. 1 |
| | | © Crown Copyright 1990 Acts of Parliament printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament. The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users. It should be noted that the right to reproduce the text of Acts of Parliament does not extend to the Queen's Printer imprints which should be removed from any copies of the Act which are issued or made available to the public. This includes reproduction of the Act on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document. The text of this Internet version of the Act is published by the Queen's Printer of Acts of Parliament and has been prepared to reflect the text as it received Royal Assent. A print version is also available and is published by The Stationery Office Limited as the Capital Allowances Act 1990 (c. 1), ISBN 0105401900. To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available. |
| | | Capital Allowances Act 1990 (c. 1) | | | 1990 Chapter c. 1 | [1]
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ARRANGEMENT OF SECTIONS
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| Part I | |
| Industrial Buildings and Structures | | Chapter I | | Initial Allowances | | 1 | Buildings and structures in enterprise zones. | | 2 | Transitional relief for regional projects. | | | | Chapter II | | Writing-down Allowances, Balancing Allowancesand Balancing Charges | | 3 | Writing-down allowances. | | 4 | Balancing allowances and balancing charges. | | 5 | Restriction of balancing allowances on sale of industrial buildings or structures. | | 6 | Buildings and structures (including hotels) in enterprise zones. | | 7 | Other hotels. | | | | Chapter III | | Provisions Supplementary to Chapters I and II | | 8 | Writing off of expenditure and meaning of "residue of expenditure". | | 9 | Manner of making allowances and charges. | | 10 | Purchases of buildings and structures. | | 11 | Long leases. | | 12 | Expenditure on repair of buildings. | | 13 | Expenditure on sites for machinery and plant. | | 14 | Sports pavilions. | | 15 | Temporary disuse of industrial buildings or structures. | | 16 | Requisitioned land, holding over of leased land and other special cases. | | 17 | Mining structures etc: balancing allowances carried back to earlier chargeable periods. | | 18 | Definition of "industrial building or structure". | | 19 | Meaning of "qualifying hotel". | | 20 | Meaning of "the relevant interest". | | 21 | Other interpretation of Part I. | | | |
| Part II | |
| Machinery and Plant | | Chapter I | | Allowances and Charges: General Provisions | | 22 | First-year allowances: transitional relief for regional projects. | | 23 | Information relating to first-year allowances. | | 24 | Writing-down allowances and balancing adjustments. | | 25 | Qualifying expenditure. | | 26 | The disposal value. | | 27 | Professions, employments, vocations etc. | | 28 | Investment companies and life assurance companies. | | 29 | Furnished holiday lettings. | | | | Chapter II | | Ships | | 30 | First-year allowances. | | 31 | Writing-down allowances. | | 32 | Ships not used in the actual trade. | | 33 | Exclusion of section 31. | | | | Chapter III | | Expensive Motor Cars | | 34 | Writing-down allowances etc. | | 35 | Contributions to expenditure, and hiring of cars. | | 36 | Definition of "motor car", etc. | | | | Chapter IV | | Short-Life Assets | | 37 | Election for certain machinery or plant to be treated as short-life assets. | | 38 | Assets which cannot be treated as short-life assets. | | | | Chapter V | | Leased Assets and Inexpensive Cars | | 39 | Meaning of "qualifying purpose". | | 40 | Meaning of "short-term leasing" and "the requisite period". | | 41 | Writing-down allowances etc. for leased assets and inexpensive cars. | | 42 | Assets leased outside the United Kingdom. | | 43 | Joint lessees: new expenditure. | | 44 | Further provisions relating to joint lessees in cases involving new expenditure. | | 45 | Joint lessees: old expenditure. | | 46 | Recovery of excess relief: new expenditure. | | 47 | Recovery of excess relief: old expenditure. | | 48 | Information relating to allowances made in respect of new expenditure. | | 49 | Information relating to allowances made in respect of old expenditure. | | 50 | Interpretation of Chapter V. | | | | Chapter VI | | Fixtures | | 51 | Application and interpretation of Chapter VI. | | 52 | Expenditure incurred by holder of interest in land. | | 53 | Expenditure incurred by equipment lessor. | | 54 | Expenditure included in consideration for acquisition of existing interest in land. | | 55 | Expenditure incurred by incoming lessee: transfer of allowances. | | 56 | Expenditure incurred by incoming lessee: lessor not entitled to allowances. | | 57 | Fixtures treated as ceasing to belong to particular persons. | | 58 | Equipment lessors: special provisions. | | 59 | Disposal value of fixtures in certain cases. | | | | Chapter VII | | Miscellaneous Expenditure | | 60 | Machinery and plant on hire-purchase etc. | | 61 | Machinery and plant on lease. | | 62 | Treatment of demolition costs. | | 63 | Mineral extraction. | | 64 | Transfers of interests in oil fields. | | 65 | Partnership using property of a partner. | | 66 | Building alterations connected with installation of machinery or plant. | | 67 | Expenditure on thermal insulation. | | 68 | Exclusion of certain expenditure relating to films, tapes and discs. | | 69 | Expenditure on fire safety. | | 70 | Expenditure on safety at sports grounds. | | 71 | Security. | | 72 | Security: supplementary. | | | | Chapter VIII | | Supplementary Provisions | | 73 | Manner of making allowances and charges. | | 74 | Allowances not available: expenses of Members of Parliament. | | 75 | Further restrictions on allowances. | | 76 | Extension of section 75. | | 77 | Successions to trades: connected persons. | | 78 | Succession to trades where no election made under section 77. | | 79 | Effect of use partly for trade etc. and partly for other purposes. | | 80 | Effect of subsidies towards wear and tear. | | 81 | Effect of use after user not attracting capital allowances, or after receipt by way of gift. | | 82 | Capital expenditure to which this Part does not apply. | | 83 | Other interpretative provisions. | | | |
| Part III | |
| Dwelling-houses Let on Assured Tenancies | | 84 | Application of Part III. | | 85 | Writing-down allowances. | | 86 | Qualifying dwelling-houses. | | 87 | Balancing allowances and charges and withdrawal of initial allowances in certain cases. | | 88 | Dwelling-houses not continuously qualifying dwelling-houses. | | 89 | Supplementary provisions where dwelling-house ceases to be a qualifying dwelling-house. | | 90 | Writing off of expenditure and meaning of "residue of expenditure". | | 91 | Buildings bought unused. | | 92 | Manner of making allowances and charges. | | 93 | Repairs, and double allowances. | | 94 | Holding over by lessees, etc. | | 95 | The relevant interest. | | 96 | The appropriate capital expenditure. | | 97 | Interpretation. | | | |
| Part IV | |
| Mineral Extraction | | Chapter I | | Allowances and Charges | | 98 | Writing-down and balancing allowances. | | 99 | Disposal receipts. | | 100 | Balancing charges: excess of allowances etc. over expenditure. | | 101 | Occasions of balancing allowances. | | 102 | Treatment of qualifying expenditure on mineral exploration and access. | | 103 | Demolition costs. | | 104 | Manner of making allowances and charges. | | | | Chapter II | | Qualifying Expenditure | | 105 | General provisions. | | 106 | Pre-trading expenditure on machinery or plant which is sold etc. | | 107 | Pre-trading exploration expenditure. | | 108 | Contributions by mining concerns to public services etc. outside the United Kingdom. | | 109 | Restoration expenditure. | | | | Chapter III | | Limitations on Qualifying Expenditure etc. | | 110 | Expenditure on the acquisition of land. | | 111 | Reduction of qualifying expenditure for premium relief. | | 112 | Restriction of disposal receipts. | | 113 | Assets formerly owned by traders. | | 114 | Assets previously acquired. | | 115 | Expenditure partly attributable to mineral exploration and access. | | 116 | Oil licences etc. | | 117 | Transfer of mineral assets within a group. | | 118 | Assets formerly owned by non-traders. | | | | Chapter IV | | Supplementary Provisions | | 119 | Transitional provisions relating to old expenditure. | | 120 | Time when expenditure is incurred. | | 121 | Interpretation of Part IV. | | | |
| Part V | |
| Agricultural Buildings etc. | | Chapter I | | Agriculture | | 122 | Allowances for expenditure incurred before 1st April 1986. | | 123 | Allowances for expenditure incurred after 31st March 1986. | | 124 | Expenditure qualifying for allowances. | | 125 | Meaning of "major interest" and "the relevant interest". | | 126 | Transfers of relevant interest. | | 127 | Buildings etc. bought unused. | | 128 | Balancing allowances and charges. | | 129 | Balancing events. | | 130 | Restriction of balancing allowances on sale of buildings. | | | | Chapter II | | Forestry | | 131 | Forestry: transitional provisions. | | | | Chapter III | | Supplemental | | 132 | Manner of making allowances and charges. | | 133 | Interpretation of Part V. | | | |
| Part VI | |
| Dredging | | 134 | Allowances for expenditure on dredging. | | 135 | Interpretation of Part VI. | | | |
| Part VII | |
| Scientific Research | | 136 | Allowances for expenditure on scientific research not of a capital nature, and on payments to research associations, universities etc. | | 137 | Allowances for capital expenditure on scientific research. | | 138 | Assets ceasing to belong to traders. | | 139 | Supplemental. | | | |
| Part VIII | |
| Supplementary Provisions | | 140 | Income tax allowances and charges in taxing a trade etc. | | 141 | Other income tax allowances. | | 142 | Restriction of set-off of allowances against general income. | | 143 | Tax agreements. | | 144 | Corporation tax allowances and charges in taxing a trade. | | 145 | Other corporation tax allowances. | | 146 | Writing-down allowances under Parts V and VI. | | 147 | Exclusion of double allowances. | | 148 | Double allowances: transitional provisions. | | 149 | Companies not resident in the United Kingdom. | | 150 | Apportionment of consideration, and exchanges and surrenders of leasehold interests. | | 151 | Procedure on apportionments. | | 152 | Succession to trades etc. | | 153 | Subsidies, contributions etc. | | 154 | Allowances in respect of contributions to capital expenditure. | | 155 | Further provisions relating to capital contributions. | | 156 | Meaning of "sale, insurance, salvage or compensation moneys". | | 157 | Sales between connected persons etc. | | 158 | Further provisions relating to sales without change of control or between connected persons. | | 159 | Capital expenditure, capital sums and time when capital expenditure was incurred. | | 160 | Meaning of "basis period". | | 161 | Other interpretative provisions. | | 162 | Application to Scotland. | | 163 | Continuity and construction of enactments etc. | | 164 | Commencement, amendments and repeals. | | 165 | Short title. |
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notes:
[1]A table showing the derivation of the provisions of this consolidation Act will be found at the end of the Act. The table has no official status. back | | | | | 
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 | Prepared 20th September 2000 |
Capital Allowances Act 1990 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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