David Hill, Author at Inform Direct

The balance sheet explained: Liabilities

Published in Company records on February 2, 2024 by David Hill

This article gives some simple examples of how to break down liabilities on the balance sheet for a UK company. It deals with micro-entity accounts because they are the simplest example. Also, micro-entities are by far the most…

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Tags: company accounts, accounts, micro-entity accounts, statutory accounts

The balance sheet explained: Assets

Published in Company records on January 31, 2024 by David Hill

This is an introduction to classifying items in the assets section of the balance sheet for a micro-entity, the smallest type of company. It’s a good place to start because it’s one of the simplest forms of company accounts,…

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Tags: company accounts, accounts, micro-entity accounts, statutory accounts

Navigating the ECCT Act 3: Identity verification of directors and PSCs

Published in News and opinion on January 26, 2024 by David Hill

This article discusses one of the most significant changes to company law brought about by the Economic Crime and Corporate Transparency Act (ECCTA): mandatory identity verification for company directors and persons with…

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Tags: ECCTA, Company Formation, directors, PSCs

The income statement (profit & loss account) explained

Published in Company records on November 23, 2023 by David Hill

This guide will help you understand the income statement (profit and loss account) for small companies and micro-entities. It covers how to get your income statements filed on time with Companies House and HMRC and be compliant…

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Tags: company accounts, accounts, annual accounts, micro-entity accounts

Navigating the ECCT Act 2: the Registrar’s new powers

Published in News and opinion on November 20, 2023 by David Hill

The Economic Crime and Corporate Transparency (ECCT) Act has given Companies House sweeping new powers of enforcement in the fight against money laundering, fraud and other economic crime. These powers are aimed at improving the…

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Tags: ECCTA, Companies House, company names, registered office address

Navigating the ECCT Act 1: Changes to accounts filing at Companies House

Published in News and opinion on November 14, 2023 by David Hill

The Economic Crime and Corporate Transparency Act (ECCTA) has introduced a set of changes to how companies file their accounts with Companies House. Here we lay out what we currently know about the coming changes and how they will…

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Tags: ECCTA, accounts, micro-entity accounts, statutory accounts

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Author Archives: David Hill