Member Since: 24th Sep 2009
14th Nov 2009
Have you checked out Boogles Ltd (www.booglesltd.com). They're an award winning book-keeping and payroll company - priced very competitively. It may be that it's cheaper to out-source the work to them so you can still offer the service to your client. Even if you didn't, I'm sure Lisa Newton, the principal would be happy to help you with pricings etc. If you need her contact details, please contact me on [email protected].
And, if you ever need company secretarial assistance in your new practice, please do let me know. Providing company secretarial assistance to accountants is one of my key areas.
All the best
14th Nov 2009
Cash consideration for buy-back
Unfortunately I think the short answer to this is that you can't. From my memory the consideration for a purchase of own shares must be for cash. I came across a similiar scenario a few years ago. I may stand to be corrected on this as I know CA2006 has implemented new changes and it may be that this is not the case anymore. If you need me to look further into the relevant legislation for you I am happy to do so or otherwise perhaps a quick phone call to a friendly lawyer?
9th Nov 2009
Reduction of share capital
Can I clarify what it is you need. Is it a redemption of shares or a reduction of share capital?
2nd Nov 2009
Gosh, what a pallava!!
All you need to do is simply complete your details in the stock transfer form with your details in it and register the transfer of the subscriber share in the register of members and issue a share certificate and complete first board minutes. For your bank account opening purpose a copy of these documents should be sufficient to verify you as the sole shareholder. Failing that your accountant should, as suggested, be able to issue a letter confirming you as sole shareholder although a good accountant should always make sure the above documents are in place first!
Please please please do not, as has been suggested issue a further 88(2). This will do nothing but confuse what seems to be an already confusing matter.
If you need further help please contact me on [email protected].
15th Oct 2009
Wording for annual return statement of capital
Thats a really interesting question you've raised. I think the first thing to have to do is check the rights attaching to each share class in the articles of association. These should things such as voting rights, dividends, rights on winding up etc. If as will be the case for a large number of companies the articles are silent I would advise wording such as "full voting rights as set out in the articles of association". I am yet to file my first annual return post 1st October changes but I hope this wording will be acceptable to Companies House.
I've seen some of the answers to your question and please please be careful of mixing up directors voting rights and shareholder voting rights and reiterating wording from Table A - depending on when your company is formed your company could be incorporated subject to the 1985 Act or the 1948 Act (and both have different table A's) and the statement of capital is asking for details on shareholder voting rights not directors voting rights.
The first point should always be to check your articles of association and shareholders agreement.
Hope this helps.