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 with
HMRC, where you might pay
Income Tax yourself, and we can set this up for you.
Your personal taxes may have
Salary and
Dividends, 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 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.