As of the regulations implemented by the Companies House, every company registered in the UK is required to do a confirmation statement filing (which is the replacement of Annual Return) every year. Although confirmation statement filing is a mandatory aspect, a surprising number of companies in the UK fail to do that on time while some of the companies completely ignore it.
Why confirmation statement filing is introduced?
The main purpose of introducing a confirmation statement filing system (which is also known to be CS01), is to streamline the information of the details of every company that is registered in the UK. This information will be eventually presented on the public register and with the help of the confirmation statement filing, all the information will be current and correct. It is the responsibility of the respective company to provide accurate information and fix any errors. In fact, confirmation state filing is a more accurate and clear-cut version compared to the annual return filing. For instance, if the company information remains the same as the previous year, you don’t have to fill any information; just submit the statement as it is.
Information available in a confirmation statement filing process
Following is a list of vital information with which you will be dealing during the process.
- Name of the company and the registration number of the company
- Official address which is registered to the company name
- A.I.L address
- Directors’ information including their full name, residential address, date of birth, current occupation, nationality etc.
- If the company have any secretaries, you should include their information too
- Main business activities of the business
- Names of all the shareholders of the company and all the information about their shares
- Information about the capital etc.
- Information about the key people in the company (who have a significant control)
It is possible for you to change the company information through the confirmation statement filing. In fact, this was possible with the annual return filing too. Since the purpose of confirmation statement filing is introduced to streamline the information of your company, you should make the best use of that.
What is the deadline?
As a company, you are supposed to file the confirmation statement for every 12 months at the least. This deadline or the due date is called the confirmation date (it can be either the anniversary date or any other specific date of the year). The key is to do confirmation statement filing before exceeding 12 months since the last annual return). Generally, companies are given a 14 days grace period (from the anniversary date) to file this statement.
How to do it?
There are three options to consider when filing confirmation statement.
- You can post it using a CS01
- You can fill the form through WebFiling option offered by companies house
- Use the assistance of a company formation agent (probably the easiest way to do a confirmation statement filing).