Converting your business to a Limited Company can be a strategic move with numerous advantages, such as protecting your personal assets from business liabilities and potentially benefiting from favourable tax treatment. However, transitioning to a Limited Company also comes with its own set of responsibilities and legal requirements. That’s where we come in — our goal is to make this process as smooth and stress-free as possible for you.

Key Responsibilities of a Limited Company

Filing a Company Tax Return: As a Limited Company, you are required to file a Company Tax Return with HMRC every year. This return outlines your company’s financial performance, including income, expenses, and profits. The information in this return is essential for calculating your company’s tax liability. The process involves gathering financial data, preparing detailed reports, and ensuring everything aligns with tax regulations. We handle all these steps for you, making sure that your tax return is completed accurately and submitted on time.

Submitting Statutory Accounts: Another annual requirement is filing Statutory Accounts. These accounts need to be submitted both to HMRC and to Companies House. Statutory Accounts include a comprehensive set of financial statements, such as the balance sheet and profit and loss account, which provide a clear picture of your company’s financial health. Preparing these accounts can be complex and time-consuming, but you don’t have to worry about it. We take care of compiling, preparing, and filing your Statutory Accounts, ensuring they meet all regulatory standards.

Annual Confirmation Statement: Each year you must submit a Confirmation Statement to Companies House. This document confirms that your company’s information, including its registered office address, director details, and shareholder information, is current and accurate. Keeping this information up to date is crucial for maintaining compliance and ensuring that official records are correct. We handle the preparation and submission of this Confirmation Statement, so you can be confident that your details are correctly reported.

Reporting Changes to Company Details: If there are any changes within your company — such as a change in directors, a new business address, or alterations in share structure — these need to be reported to Companies House. Keeping these details up to date is essential for legal compliance and to ensure that your company records reflect its current status. We monitor any changes that occur and make sure that all necessary updates are reported promptly to Companies House.