Running a limited company has many aspects to it from the day to day running to compliance. As a director of a limited company you have a duty to make sure the company complies with these rules.
One of these is making sure the documentation relating to Companies House is in order from minutes of meetings to resolutions and submission of changes. While for most there will not be significant changes year round, there is still an obligation to file at least one form per year.
The Confirmation Statement is this exact form, this lets Companies House know who the current directors and shareholders are of the company. There is a Companies House filing fee of £13 which is applicable and while it is not a massive task it is one of the most forgotten.
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