A limited company is a form of business that is completely separate from its owners. It has to be incorporated at Companies House with its own unique company registration number, and is run by directors who may also be the owners of the company.

Even if you are the sole director and shareholder of a limited company, it is still a separate legal entity from you.

If you are unsure whether to work as a sole trader, or through your own limited company, see our page: Limited Companies versus Sole Trader.

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What are the responsibilities of a limited company?

When you are in business working through a limited company there are more legal requirements than if you are in business as a Sole Trader. The company has to keep proper records, prepare accounts showing the company’s income and outgoings, and file a Corporation Tax Return with HMRC each year, and submit annual accounts to Companies House. As the company is governed by the Companies Act it must make returns of information to Companies House at least once a year. This information is held on the public register, available for everyone to see.

If the company’s turnover is over £85,000 or you expect it to go over in the next month you must register the company for VAT.

A word on limited company accounts

It can be very daunting when you first set up a business, and even more so when you want to work through your own company, as you will have statutory obligations to consider. But with our help we can guide you through the process. If you get it right from the start you can save time, money and stress. There is a lot to do, and we are happy to assist in any way that we can.

If you have had your company for a while, we can prepare your limited company accounts, Corporation Tax Return and file the annual Confirmation Statement with Companies House.

We are very proud of our friendly, professional service, and we tailor it to suit you.

We also offer: bookkeeping and management accounting service should you require it.

Limited company accounts

"we can take away the stress and let you get on with what you do best".

Why work with us?

We have over eighteen years experience working with limited companies in Farnborough and across Surrey, Hampshire and Berkshire.
Free up your time
Peace of mind regarding statutory obligations
Accounts and Tax Returns filed on time with Companies House and HMRC
Prevent you from receiving hefty fines and penalties
Help you to legally save tax
Dealing with HMRC on your behalf
Flexible bookkeeping options
Paperless expense and receipt processing system
Management Reporting using Xero giving you access to information anytime/anywhere
"One of the best things about our job is giving our clients peace of mind. They know that everything will be taken care of, so that they can sleep well at night." - Fernhill Accountants.
She was extremely helpful and responsive
"Despite this being a hugely busy time of year for Judy, she talked me through my options and agreed to help me"
I called Fernhill to help with my end of year accounts as I am a complete novice in this area. Despite this being a hugely busy time of year for Judy, she talked me through my options and agreed to help me. She was extremely helpful and responsive. Where I wasn’t sure about something she took the time to explain in a way I understood so I could provide the information needed. I couldn’t recommend Judy anymore for any limited companies needing accountancy help!
Hollie Valler, limited company owner
Limited company accounts client

We look forward to hearing from you

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