Limited Company Accounts and Tax Service
We have a full Annual Accounts and Corporation Tax preparation and submission service.
Limited Company Formation
We are able to form a Limited Company for you, please visit our Limited Company Formation webpage. We are based in Preston, Lancashire, and offer our services for companies registered in England and Wales.
What is a Limited Company ?
A Limited Company is a "separate person"
in law. So it is not the same
as being a Sole Trader
under Self Assessment
Limited Company Taxes
A Limited Company pays Corporation Tax
, not Income Tax
As a Director
of the company, and in order to pay yourself, you will almost certainly need a PAYE Scheme
, where you might pay Income Tax
yourself, and we can set this up for you.
Your personal taxes may have Salary
, from the company, so you will usually need to register for Self Assessment
, and we can do this for you.
Limited Company Accounts
A Limited Company must file its Annual Accounts
with Companies House
- which means that the Accounts become a public document - anyone can get a copy. If the company is a specially defined "small company", then only Micro-Entity Accounts
are filed which contain much reduced information.
A Limited Company must also file full Statutory Annual Accounts
and Corporation Tax Computations
It is called "Limited" because the liability of the company owners - the Shareholders
- will only be the paid up value of their shares if the company gets in financial difficulties. There are exceptions to this if the Directors
have acted illegally or have been negligent or have traded whilst insolvent, then the Directors
may be liable for the debts of the company.