Consulting
Accounting & Bookkeeping
Starting a limited company can be an exciting step, but it also comes with legal and financial responsibilities. Whether launching a new business or transitioning from a sole trader, ensuring your limited company is set up correctly is essential to avoiding compliance issues.
We offer expert guidance on setting up a limited company in Richmond, helping you navigate the entire process from registration to managing your finances. Our team of specialists ensures that your company meets all legal requirements and is positioned for success.
Our services include company registration with Companies House, providing an office registered address required by regulations, setting up an accounting system, and ensuring you’re fully compliant with HMRC for corporation tax, VAT, and PAYE. We’ll also help you create shareholder agreements, issue shares, and meet statutory obligations such as annual filings and confirmation statements.
Using our tailored approach, we guide you through each step of setting up and managing your limited company, offering easy-to-understand and implement professional advice.
With more than ten years of experience, our team of licensed accountants ensures that the process is smooth and compliant. We handle all the paperwork, freeing you to focus on growing your new business.
Along with setting up your limited company, we provide ongoing support for bookkeeping, PAYE, Self-assessment, tax returns, tax and financial planning, and statutory reporting. Whether you’re a start-up or an established business, we tailor our services to meet your needs.
From registering your company to managing day-to-day accounting, we offer complete solutions to help you stay compliant and focused on your business goals.
What are the key steps in setting up a limited company?
The key steps include registering your company with Companies House, appointing directors and shareholders, issuing shares, and setting up your statutory responsibilities with HMRC.
What are the responsibilities of a company director?
Company directors are responsible for ensuring the company complies with legal obligations, maintaining proper records, filing annual accounts and confirmation statements, and acting in the company’s best interests.
How much does it cost to set up a limited company?
The cost of registering a limited company with Companies House is £50 for an online application.
What are the tax responsibilities of a limited company?
Limited companies are required to pay corporation tax on their profits, submit annual accounts to Companies House, file tax returns, and manage PAYE if they employ staff. VAT registration may also be required if your turnover exceeds the threshold. Other taxes might be applicable depending on the industry.
Do I have to send a tax return if there is no profit in my limited company?
Yes, your company must file a tax return to HMRC if the company was trading, even if there is no Corporation Tax to pay or you made a loss.
Empowering small businesses to grow.
