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…
The balance sheet explained: Assets
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,…
Navigating the ECCT Act 3: Identity verification of directors and PSCs
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…
The income statement (profit & loss account) explained
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…
Navigating the ECCT Act 2: the Registrar’s new powers
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…
What is an authorised corporate service provider (ACSP)?
An authorised corporate service provider (ACSP) is a type of intermediary between limited companies, LLPs, limited partnerships and Companies House. The role of ACSP is introduced by the Economic Crime and Corporate Transparency…
2024 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2023, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website