Our Guide to Forming and Running a Limited Company

Limited Company Accounts and Tax Service

We regret that we are unable to engage new clients as limited companies at this time.

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 with HMRC, which may deduct Income Tax from your salary.

Your personal taxes may have Salary and Dividends, from the company, so you will usually need to register for Self Assessment.

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 with HMRC.

What does "Limited" mean?

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.

More Information About
Limited Companies

Companies House

Companies House is the home and registration place for all companies in England and Wales.
Companies House Link

GOV.UK

The UK Government is building a substantial website of information for businesses:
GOV.UK Link

Our Webpages:

Limited Company Formation

Setting Up A Limited Company

Shareholders' Guide

Directors' Guide

Director's Loan Account

Annual Accounts

Getting Paid from your Company

Limited Company Bookkeeping

Dividends

Limited Company Taxes

Confirmation Statement

Dormant Companies

Stationery