Financial Results

Limited Companies

We can advise on Limited company status and guide you through the extra compliance requirements

The decision as to whether to start a limited company or trade as a soletrader or partnership can be complicated and daunting.

The decision comes down to a number of factors, and we will take the time to discuss these with you, along with your future aims and aspirations.

Limited companies are considered separate legal entities to their owners (shareholders) and directors. This means the profit they earn belongs to the company. Profits need to be extracted from the company by way of salary and/or dividends as long as there is enough profit to do this. This can work out to be more tax efficient than trading as a soletrader or partnership in some circumstances.

Limited companies are required to file accounts with Companies House in a prescribed format, 9 months after their year end, and Corporation tax similarly.

Mouat Accountancy are able to help you with the planning and administration of your limited company, allowing you to run the business without the worry of compliance.

  • We will prepare accounts and file them with Companies House in the required format. We will also convert the accounts to ixbrl tagging format to comply with HMRC submission requirements.
  • We can work from the records you have prepared, or can provide a full bookkeeping service, VAT return preparation and handle payroll requirements.
  • We will prepare your Corporation tax return, Corporation tax calculation, and submit it to HM Revenue & Customs electronically.
  • We can assist you in planning tax efficient strategies for extracting profits from the company.
  • We provide a full company secretarial service, preparing all relevant forms for Companies House.

Please contact us on 01670 772572 to find out how we can help you, or send us an enquiry via the button below.