Directorial Responsibilities

The most common responsibilities include the following:

♦ Administrative duties:

• Annual returns

• Notice of change of directors

• Notice of change of the registered office

• Director's report (signed by director or corporate administrator/company secretary)

• Balance sheet (signed by a director)

• Profit and loss account

• Auditors report signed by the auditor

• Notes to the accountants

If you are late you will be fined. If you are overdue you may be shut down. Don't blame the accountant; they'll sue you.

Money is an enormous responsibility in running a firm and in making sure you have the money to meet your financial liabilities.

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