At Small Firms Services, our commitment to transparency and excellence has always been at the core of our mission. We strive to provide business owners with the highest quality services while ensuring simplicity in navigating the complexities of running your business. However, there are times when external factors necessitate adjustments to our pricing structure, as [...]
Limited Companies (LTDs) and LLPs are sent paper reminders during the year. This is typically to file your accounts and to submit the Confirmation Statement on time. Companies House have announced that they will no longer be sending paper reminders by post. Company directors have a legal responsibility to file documents at Companies House. Failure to [...]
The recent Coronavirus outbreak has had an effect on every company around the UK. While companies are furloughing staff, business owners have an increasing amount of administration they must undertake to apply for government loans and assistance. Companies House have recognised the increased burden this is placing on business owners and have introduced temporary measures [...]
When starting your own business there are many different numbers and codes your company will acquire and it can be difficult to remember which codes are used for different services. One of the most important numbers your company will receive is the Unique Taxpayer Reference (UTR). This code is issued by HMRC and consists of [...]
The accounting reference date is an important deadline that all Limited companies must be aware of. Knowing your accounting reference date will prevent your company from incurring financial penalties issued by Companies House. What is an accounting reference date? This is the end of the financial year for a Limited company and the dates their [...]
At the time of incorporation a Limited company must inform Companies House of their intended business activities. This information is communicated to the government by selecting a Standard Industrial Classification code which is often referred to as an SIC code. All companies are legally required to provide this information even if they do not intend to begin [...]
The ownership structure of a limited company is characterised by the distribution of its share capital. Two shareholders, for example, may hold 50 shares each out of 100 issued shares illustrating their equal 50% ownership. Each share class is assigned with rights, otherwise known as prescribed particulars. The rights outline the powers the respective shareholders [...]
Most shareholders of UK limited companies need advice when making changes to the company structure or issuing a dividend. SFS provides a range of guides for limited companies to help owners of small businesses. Making adjustments to your company shares can be complicated and confusing. Re-structuring your company or simply recording the changes can seem [...]
You have decided to form a company but you are not sure how many shares you need to issue. UK companies are started to make a profit for the shareholders who are the owners of the company. When forming a new company you will need to issue shares to at least one person. UK companies [...]
Many companies start life with just one or two shareholders. This is typical for new company formations but you may find that the company needs to add new shareholders or change the share structure at a later date. If you find that your company needs to add one or more new shareholders there are two [...]
