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⍰ ASK What are the statutory requirements for maintaining company records in the UK?

In the UK companies have to keep their records straight and follow the rules set out in the Companies Act 2006. This is important for being open, responsible, and following the law.

Company need to keep a few key records, like that lists who owns shares, another with details about the directors, and one that points out people with significant control over the company.

Financial records, like accounting bills, and receipts need to be kept for at least six years. On top of that, companies have to share their yearly financial statements with Companies House, giving a full picture of how well they're doing financially.
 

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