| Accounts
Accounts
must be prepared each year and filed in the
Companies Office. The information given in
filed accounts varies with the size of the
company. Companies with a turnover of less
than £317,435 a balance sheet total
not exceeding £1,904,607 and less than
50 employees may subject to certain conditions
may exempt themselves from the requirements
to have accounts audited.
Annual
Returns
An
annual must be filed with the Registrar, together
with the appropriate fee. In compliance with
the provisions of the Companies (Amendment)
(No.2) Act a company failing to file an annual
return in respect of any one year may be struck
off the index by the Registrar of Companies.
The
annual return gives details of authorised
and issued share capital, members, directors
and secretary. With effect from the 1st. March
2002 every company has been allocated a statutory
Annual Return Date. Companies incorporated
on or after 1st March 2002 have an Annual
Return Date (ARD) that is six months after
the date of incorporation. Accounts are not
required to be annexed to the first annual
return of such companies.
What
is the NACE Code?
NACE
Coding is the most common basis for statistical
classification of economic activities within
the EU. A NACE Code must be allocated to your
new company upon application for registration.
If you do not know the code for your proposed
company CCF will allocate a code based on
the objection of the proposed company as you
outline them to us on the order form.
Please be specific when describing the activities
in which your proposed company will engage
in. Current legislation dictates that the
Companies Registration Office are entitled
to reject application for registration by
a proposed company where the trading objection
of the proposed company are considered to
be vague and or too general in nature. It
would not be sufficient for example to indicate
"general trading", "imports
& exports" and or "retail"
as company objection as trading objectives
so described may be considered by the Registrar
as not properly conveying the nature of the
trading objection of the company applying
for registration.
Are
there any other obligations?
Registering
for VAT a business must register, for VAT
once its turnover exceeds €25,395 per annum
in the case of a company supplying services
and €50,790 for a company supplying goods
In order to reclaim VAT paid on goods and
services.
Registration
Services
For
a variety of reasons companies may wish to
change their corporate structure. CCF can
attend to any of the following corporate reorganisation.
-
Limited to Unlimited.
- Unlimited
to Limited.
- Public
to Private
- Private
to Public
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