A community interest company (CIC) files a CIC 34 report alongside its annual accounts. In Capium, the annual accounts are produced exactly as they are for any other limited company client, and the CIC 34 report is prepared separately and packaged with them before filing.
This article is the overview of the process. Each step has its own article with the full detail.
The CIC features in Capium
Once a client is flagged as a CIC, three features appear in Accounts Production for that client.
| Feature | Where it appears | What it does |
|---|---|---|
| CIC 34 Notes | Settings | Holds the content of each part of the CIC 34 report |
| CIC Reports | Reports | Generates the CIC 34 report from the notes |
| CIC Submissions Wizard | Tasks | Builds the zip package and links through to Companies House |
None of these appear until the CIC option is ticked against the client.
The process in order
| Step | What you do | Article |
|---|---|---|
| 1 | Set the client up as a CIC (new or existing client) | Creating a new CIC client or Converting an existing client to a CIC |
| 2 | Prepare the accounts, including full and abridged or filleted versions | CIC Accounts Walkthrough |
| 3 | Complete all six parts of the CIC 34 Notes | Completing the CIC 34 Notes |
| 4 | Generate the CIC 34 report | CIC Accounts Walkthrough (Step 12) |
| 5 | Create the zip package and file it on the Companies House website | Creating a CIC Zip Package |
Steps 2 and 3 can be done in either order, but both must be finished before step 5, because the wizard needs a generated accounts report and a generated CIC report to build the package.
Points to be aware of
- The accounts side of the process is unchanged. Accounting periods, trial balance, report settings and annual accounts all work as they do for any limited company client.
- The CIC 34 report covers the current financial year only. There is no comparative column and no prior year content to complete.
- Nothing in the CIC 34 Notes is populated automatically. Every part is entered manually for each client, each year.
- There is no direct or API submission for CIC filings. Capium prepares and packages the reports, and the upload and payment take place on the Companies House website.