Figurate!

On a more personal note – the name of my own company is now Figurate Ltd.
The legal name change at Companies House was quite straightforward.  It took a little more time to communicate the change to my clients and bank.  However, what will take the longest is changing all the directory/advertising entries that had been set up [...]

Other Things To Do when Renaming your Company

People to tell: 

Your customers
Your employees
 Your suppliers
Your bank
HMRC (the tax man)
Professional bodies/trade associations

 Other things to do:

maximise the marketing opportunity
change your business stationery
obtain a new domain name and relaunch your website.
update all your advertisements

Change of Company Name by Written Resolution

The other method of changing the name of a limited company is by written resolution.
This is a resolution passed unanimously by the members (shareholders) of a company.  All the members are then required to sign and date the document.
A Change of Name by Written Resolution form (NC20) is also available for download at the Companies House [...]

Change of Company Name by Special Resolution

There are two ways of changing the name of a limited company, the first of these is by Special Resolution.
This is a resolution that must be passed at a general meeting of the company with a majority of 75%.  An ordinary resolution only requres a 51% majority.
A Change of Name by Special Resolution form (NC19) [...]

Renaming Your Company

It’s always best to chose a good name for your business at the outset , but in case you hadn’t, it is possible to change the name of a limited company after it’s registered.
You must first check to make sure that the new name you have chosen is available.  This can be done online using Comapnies House [...]

Working From Home and Time Management

I know it’s a cliche but  time management is even more important when working from home  to avoid an unproductive merging of work/home/family.  Here are just a few blogs on work/time management sites:
Time Management at Home
A Matter of Time
Mark Forster
 Pick the Business

Goods Written Off or Goods Written Down

Sometimes, goods might be unsaleable for one of the following reasons:

the goods might be lost or stolen
the goods might be damaged, and therefore worthless
the goods might become obsolete

When goods are lost, stolen or disposed of, the business will make a loss on them, because they will have zero sales value.
Similarly, if goods become obsolete and [...]

Carriage

Carriage is the cost of transporting goods from the supplier to the business which has purchased them.  Sometimes the supplier pays and sometimes the buyer pays.
If the supplier pays, the cost to the supplier is called “carriage outwards” and if the buyer pays, the cost to the buyer is called “carriage inwards”.
Carriage inwards is usually [...]

Cost of Goods Sold

The cost of goods sold is calculated as follows:
                                                                                                       £ 
Opening stock value                                                                  X
Add cost of purchases (or production, if manufacturing)    X
Less closing stock value                                                         (X)
Equals cost of goods sold                                                         X
 That is, to match sales and the cost of goods sold, you need to adjust the cost of goods sold, to allow for increases or decreases [...]

Unsold Goods at the end of an Accounting Period

Goods may be unsold at the end of an accounting period and therefore, still be in stock.  The purchase cost of these goods should therefore NOT be included in the cost of sales of the period.
For example, suppose Widgets & Co (who have no stock at the start of the year) purchase 40,000 widgets for £20,000 [...]