You are required to specify a SIC code when completing your confirmation statement for Companies House. SIC stands for Standard Industrial Classification. This article focuses on Section U of the SIC codes for Activities of extraterritorial organisations and bodies. The SIC codes are divided into sections in alphabetical order, ranging from Section A to Section U.
The Office for National Statistics refers to these SIC codes as the UK SIC 2007 codes and use them to produce statistics.
Section U: SIC codes for extraterritorial organisations
|99000||Activities of extraterritorial organisations and bodies|
Choose the correct SIC codes for your business
You are required to specify at least one SIC code that closely represents your business activity when you complete your confirmation statement for Companies House.
For example, if your company has not been traded since its incorporation, you must also specify a SIC code in your confirmation statement to Companies House. You can submit your confirmation statement online or by post.
In your confirmation statement CS01 form, under the Standard Industrial Classification code, the SIC codes that represent your business activity is 99999 Dormant company.
SIC codes for other businesses not related to extraterritorial organisations
Click here for a list of SIC codes for other business activities not listed above.
Disclose your business activity in your company accounts
You are also required to disclose your business activities in your company accounts. Usually, the disclosure is in the format of a description rather than using the SIC codes.
For example, you would write in your director’s report under Principal activities heading something like this.
“The company has been dormant for the past 12 months.”
The director’s report is part of your company accounts.
If you require help with your company’s filings with Companies House or HM Revenue and Customs, feel free to contact our accountants. They will be more than happy to assist you.