File a Confirmation Statement at Companies House - Step by Step Tutorial

  Рет қаралды 10,361

Basics of Business

Basics of Business

Күн бұрын

Many of the hundreds of things you need to do after establishing a business and limited company you will have not have done before or even not know anything about.
We want to try and help accelerate you through as many of them as we can so in this video we again do something practical - which all UK companies need to do once at least once every 12 months - and file a confirmation statement online for our company.
At the same time we cover:
1. WHAT a Confirmation statement is
2. WHO is responsible for filing it and the consequences of not filing
3. WHEN it needs to be filed, and
4. HOW MUCH it costs.
🔔 Subscribe for more tips just like this🔔
/ @basicsofbiz
Finally here are the various useful links mentioned in the video:
Confirmation statement filing - www.gov.uk/fil...
Companies House WebFiling - idam-ui.compan...
#startuptips #startupadvice #startupbusiness #startingabusiness #businesstips #smallbusinesstips #smallbusiness #smallbusinessadvice #smallbizowner
Disclaimer: The information contained in our videos is provided as general information only. It is not a substitute for, and should not be considered, professional advice. This video may also contain affiliate links. Lightwork Business is a trading name of Basics of Business Limited (no. 14755046), a private limited company registered in England and Wales.

Пікірлер: 46
@tommy3bad
@tommy3bad 2 күн бұрын
Unfortunately they’ve put the price up to £34
@basicsofbiz
@basicsofbiz 2 күн бұрын
Unfortunately it did Tommy and thanks for flagging. All Companies House fees went up 1st May 2024 and by a big amount proportionally.
@corneliucazacu4354
@corneliucazacu4354 Жыл бұрын
Thanks for the video! I'm a newbie in the business area, and this helps a lot! Thanks
@basicsofbiz
@basicsofbiz Жыл бұрын
No problem at all. Delighted you found the video useful 👍
@musadelipoyraz114
@musadelipoyraz114 Жыл бұрын
It's a nice video, thank you very much
@SantokhBains-j8c
@SantokhBains-j8c 10 ай бұрын
Really helpful and user friendly, much appreciated.
@basicsofbiz
@basicsofbiz 10 ай бұрын
No problem at all. Delighted the video was helpful 👍
@jerkov_jerkov
@jerkov_jerkov Жыл бұрын
Very informative, it will be helpful for me in early January. Thank you very much!
@basicsofbiz
@basicsofbiz Жыл бұрын
Glad it was helpful! 👍
@Gazza_Roo_Too
@Gazza_Roo_Too 11 ай бұрын
Very helpful thank you, sick of accountants/ bookkeepers overcharging and never filing anything on time , if at all. Subscribed !
@basicsofbiz
@basicsofbiz 11 ай бұрын
Delighted you found the video helpful and many thanks for the sub! Is much appreciated 👍
@vinicius25482
@vinicius25482 2 ай бұрын
This is the best video i have seen about.Many thankssssss
@basicsofbiz
@basicsofbiz 2 ай бұрын
Delighted you found it helpful 👍
@valerieeey
@valerieeey Ай бұрын
Thanks for this, super helpful!! I was really nervous when I got the email
@basicsofbiz
@basicsofbiz Ай бұрын
No problem at all! Delighted you found the video helpful 👍
@anisarafat6591
@anisarafat6591 7 ай бұрын
Thank you so much. It's very much helped for me. Thanks Again Dear
@basicsofbiz
@basicsofbiz 7 ай бұрын
Delighted you found the video helpful 👍
@GJGAMING5
@GJGAMING5 11 ай бұрын
Brilliant video, has set my mind at ease😂
@basicsofbiz
@basicsofbiz 11 ай бұрын
Many thanks. Delighted you found it helpful 👍
@MachineUltraX
@MachineUltraX 24 күн бұрын
Thank You!
@basicsofbiz
@basicsofbiz 10 күн бұрын
You are welcome. Delighted the video was helpful 👍
@davidgligan344
@davidgligan344 6 ай бұрын
Really good video, thank you! I was wondering, if I opened my own Ltd last year and I didn't have any activity, will I have to file the CS for the company as being dormant? I recon it will have activity this year in a month or two, so I'm not sure about this.
@basicsofbiz
@basicsofbiz 6 ай бұрын
Many thanks for the feedback and delighted you found the video helpful. And yes you need to file a confirmation statement every year even if the company is dormant - www.gov.uk/guidance/confirmation-statement-guidance# 👍
@mrclip2405
@mrclip2405 10 ай бұрын
Thank you
@basicsofbiz
@basicsofbiz 10 ай бұрын
No problem! 👍
@trevorwilliams3199
@trevorwilliams3199 7 ай бұрын
Thanks for the video, very helpful. In the help section of file a confirmation statement, it says if you file one more than once a year it should be free. you only pay once a year. Is that correct?worht noting also From May 1st 24 cost has risen to £34. thanks in advance for your reply.
@basicsofbiz
@basicsofbiz 7 ай бұрын
Many thanks Trevor and delighted you found the video helpful. Yes you're right on both counts. Price has gone up to £34 from 1st May 2024 and you only pay once per year. Relevant GovUK webpage here - www.gov.uk/guidance/confirmation-statement-guidance - which states "You only have to pay the annual fee with your first confirmation statement in the 12 month payment period. You can then file as many confirmation statements as you want in this payment period." Many thanks for flagging these points 👍
@trevorwilliams3199
@trevorwilliams3199 7 ай бұрын
Hi, thanks for the reply. Re your confirmation of paying only once. Your video shows you paying for the service (the old rate) even though you were part way through the year. Or did you add that for reference to the video?
@basicsofbiz
@basicsofbiz 7 ай бұрын
Not entirely sure to be honest if the pay only once per year came in also on the 1st May with the fee change. Our CS wasn’t due but we wanted to do the video so we just did it and it asked for the fee so we paid it. So video steps are as we found the process when we did. Hope that makes sense!
@MH-wy5uf
@MH-wy5uf 2 ай бұрын
Hi. I have a question. Every time I file the statement the payement fails. How can I fix this.
@basicsofbiz
@basicsofbiz 2 ай бұрын
Nothing we can really advise on unfortunately as the site is a run by Companies House. Would simply suggest giving their helpline a call when it happens - www.gov.uk/contact-companies-house. Hope you get it sorted out 👍
@memories-fh5fd
@memories-fh5fd 4 ай бұрын
how soon after a new company formation does this need to be done?
@basicsofbiz
@basicsofbiz 4 ай бұрын
You must file at least one confirmation statement every 12 months. Your 12 month review period starts on either the date your company incorporated or the date you filed your last confirmation statement. Full details are on the Gov.UK website here - www.gov.uk/guidance/confirmation-statement-guidance#review-period. Hope that helps 👍
@smooth2051
@smooth2051 Ай бұрын
my company dissolved by company house and ım never use my company or trade anything am ı need to file anything?
@basicsofbiz
@basicsofbiz Ай бұрын
If your company has been 'dissolved' and no longer exists you can't file anything. If a company is 'dormant' by comparison and has never been used or traded etc however you do still have to file a confirmation statement and dormant accounts.
@kaursjomin
@kaursjomin 11 ай бұрын
I have a little question regarding Confirmation Statement . Have a client that needs to verify their Amazon account and Amazon keeps asking confirmation statement and it needs to show the number of shares held by each beneficial owner and the number of shares issued for the company. But their confirmation statement has stayed unchanged since 2020 when the company was founded. So the last 3 show no such information at all just the 3 pages basically confirming its been filed. And the issue seams to be that yes shareholder info has stayed the same but Directors and PSC have changed in this time period. And their accountant claims that because Officers and PSC is no longer covered by Confirmation statement it will show none of this information or Shareholder info and will stay unchanged in companies house. I hope this makes sense , but amazon keeps requesting up to date confirmation statement with this information so we are little stuck . If you would have time to reply that would be much appreciated.
@basicsofbiz
@basicsofbiz 11 ай бұрын
Yup, understand the issue here and ironically the new confirmation statement process - although easier to submit - has made it more difficult to quickly track who owns companies now. Our suggestion would be to go back to the incorporation documents to download the original shareholders info and then submit that to Amazon together with an extract of the current statutory registers (i.e. Register of shareholders + PSC register) - you can download a template from our website here (lightworkbusiness.com/basics-of-business/legals/free-limited-company-statutory-registers-template). You could maybe also get a lawyer to certify the statutory registers also for belt and braces? Hope this helps and please let us know how you get on 👍
@kaursjomin
@kaursjomin 11 ай бұрын
Hi .Got it sorted by submitting the full filing history and giving the explanations with it and that did it , but just very painful process. But I do appreciate your reply . All the best . @@basicsofbiz
@Story_Fuel
@Story_Fuel 11 ай бұрын
i registered a company but i didn't really trade on it at all. its been lying dormant. I can't get into the damn thing online and i keep getting letters from companies house talking about prosectuing me if i don't file. stressful. I've asked for authentication code like two weeks ago and nothing has arrived? What should I do?
@basicsofbiz
@basicsofbiz 11 ай бұрын
Sorry to hear you’re having some trouble getting access online to your company. Unfortunately you can only get your authentication code delivered by post so it should be on its way. Very possible it’s caught up in the Christmas post . If you’re very concerned you could call Companies House and explain the situation and that you’re waiting for your code. Another thing you could consider doing if the company will remain dormant is writing to HMRC to tell them this and they will not require you to file a tax return unless they specifically ask you to or you until you start trading again - www.gov.uk/tell-hmrc-your-company-is-dormant-for-corporation-tax. You will still need to file dormant accounts though together with the confirmation statement every year. Hope this helps 👍
@Story_Fuel
@Story_Fuel 11 ай бұрын
@@basicsofbiz wow! Thanks!!!
@MuratSahin-on8jz
@MuratSahin-on8jz 5 ай бұрын
Hello sir ı hope you are have ing a good day ı opend a limited companiy 6 months ago and ı never used it ı dont evin trade or do any other think . And thet becouse ı never made a tex retern or a comfirmation statement . And now ı whant to close my company becouse ım not going to use it what should ı do ı hopw you see this coment . Thank you for your time
@enan1468
@enan1468 8 ай бұрын
My new accountant is charging me more than £100 to file a confirmation statement on my behalf. This would take less than 5 minutes to do so .
@basicsofbiz
@basicsofbiz 8 ай бұрын
This a really tricky one. £100 for a confirmation statement where your accountant is simply confirming the data already online with Companies House is correct undoubtedly feels high but by them doing the CS it may then save some time when it comes to putting your accounts together and help them give you some additional tax advice. Key point also is how much is your own time worth - is it best spent reminding yourself how to do a one off task once or focusing on other things in the business. Your comment raises a lot of great questions for small businesses and think we probably need to address them properly in a video. Thanks again for raising this and first step anyway we would recommend for sure is speaking to your accountant about it and ask why they are charging £100 for what you think is a very simple task? Is there a better pricing model you can agree with them for all the services you’re getting?
@Story_Fuel
@Story_Fuel 11 ай бұрын
i don't know what the hell i'm doing
@PrestigeLighters
@PrestigeLighters 15 күн бұрын
They were so close, I thought they were going to kiss
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