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Limited Company Accounting Services

Your very own expert Limited Company Accountant

It does not matter if you are an electrician, gas engineer, plumber, builder, freelancer, contractor, beautician, hair salon, Amazon reseller, catering company, events company, retail or wholesale business, restaurant or manufacturing company we have the limited company accountant and limited company accounting package for you from as little as £20 per month.

Limited Companies provide access to a number of tax planning strategies and limited liability status.

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Unlimited help & support
Leading accounting software

Dedicated Ltd. company accountant
Includes all filing and returns

Real-Time Bookkeeping
Deadline reminders

We provide the complete limited company accountancy for individuals and small businesses nationwide

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Why use Accounting Wise for your Limited Company Accounting?

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Dedicated Limited Company Accountant

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When you join us, you will receive your very own dedicated limited company accountants. Our fully qualified and friendly team will be on hand to help you throughout the year for all your financial queries.

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Leading Accounting Software

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You are provided with leading accounting software which will help reduce the time it takes to – provide quotes and invoices to customers, chase payments, and monitor outstanding balances.

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Tailored Limited Company Accounting

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Tax & Accounting packages tailored to suit your business. We are always straightforward in our services & pricing. We take care of your accounting and let you get on with making your business a success.

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Unlimited
Expert Advice

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Your dedicated limited company accountant will always be on hand to answer any questions about your limited company. You can contact them via email, phone, live chat, Microsoft Teams or meet them in person.

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Regular Deadline
Reminders

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We send regular automated reminders to inform you of when your accounts and returns are due to be submitted, helping to ensure you never miss a deadline for your small business again.

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Supporting Over 2,000 Companies and Individuals in the UK

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Whats included with our Limited Company Accounting Packages

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  • Representation in the event of an HMRC investigation

  • Unlimited help and advice

  • Reminders for all of your important deadlines

  • Access to business guides and resources

Get started with the right limited company accounting solution

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Our Accredited Accountants

You can feel safe in the knowledge that we are experts in our field.

Our online accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.

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What is a Limited Company?

A limited company is a business structure registered at Companies House, making it a separate legal entity from its owners. This means the company can operate in its own name, enter into contracts, and take on financial responsibilities without impacting the personal assets of its owners.

Limited Liability Protection

The main advantage of a limited company is limited liability. This protects the owners by limiting their financial responsibility to the value of their investment or any personal guarantees they’ve made. It ensures that, in the event of the company’s failure, the owners’ personal assets remain safe.

Types of Limited Companies

A limited company can be registered as either:

  • Limited by Shares: Owned by shareholders and managed by directors. Shareholders’ liability is limited to the amount they invest in the company.
  • Limited by Guarantee: Owned by guarantors (often used for non-profits) and managed by directors. Guarantors’ liability is limited to a nominal amount agreed upon.

Owners and Directors

In a limited company, the same person can act as both the owner (shareholder) and the director. This allows you to run a company alone or with other people, depending on your business needs.

If you’re looking for expert help with your limited company’s finances, get in touch today. We can assist with accounting, tax filings, and ensuring compliance with UK regulations.

Limited Company Accounting - What is a limited company?
Benefits of Limited Company Accounting
Other Limited Company Considerations

Benefits of being a Limited Company

Limited Liability

There are a number of reasons you might find it beneficial to trade through a Limited Company. The one major benefit is Limited Companies exist as an entirely separate legal entity from the business owner(s). This brings many advantages, perhaps the most important of which being limited liability. Limited liability means that the company’s assets are kept entirely separate from the business owners’ personal assets. So if the company gets into financial difficulty the business owners’ assets will be unaffected (unless personal guarantees have been signed). So if you have personal assets such as property that you wish to safeguard, then this is typically the safest option to choose.

Prestige

Limited Companies also have a perceived prestige over a Sole Trader or Partnership business. Primarily this is because private and public Limited Companies are the only way that larger businesses will trade. If you are looking to seek investment for your business then a Limited Company will typically be the right option due to the share structure that a company has along with the way a company separates business assets from personal ones.

Other Considerations

There are many other considerations to keep in mind when forming a Limited Company such as the legal responsibilities each director has, and that some information on your company will be publicly available via the Companies House website. Talk to to Accounting Wise today to find out which option is best suited to you and your business and to find out more about our Limited Company accounting package.

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Essential FAQs for Limited Company Accounting Services

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A limited company is a legal entity separate from its owners, providing limited liability to its shareholders, meaning personal assets are protected from business debts.

Limited companies must file annual accounts with Companies House, submit Corporation Tax returns to HMRC, and maintain accurate financial records.

While it’s not legally required, hiring an accountant ensures compliance with tax laws, accurate filings, and can help with tax efficiency and financial advice.

Corporation Tax is the tax on company profits. It’s calculated on the profit the company makes in its financial year, after deducting allowable expenses.

Annual accounts must be filed within 9 months of the company’s financial year-end, and the Corporation Tax return is due 12 months after the accounting period.

A director’s salary is regular employment income subject to PAYE and National Insurance. Dividends are payments to shareholders from profits, taxed at lower rates but only if the company is profitable.

Common expenses include business travel, office supplies, utilities, software, and salaries. All expenses must be wholly and exclusively for business purposes.

Yes, a limited company can have just one director, and you can also be the sole employee.

Directors usually take a combination of salary and dividends for tax efficiency. It’s best to consult an accountant for the optimal balance based on current tax rules.

VAT (Value Added Tax) for Limited Companies is charged on most goods and services. If your turnover exceeds the current VAT threshold, you must register. You can also voluntarily register for VAT if it’s beneficial.

Cash basis accounts record income and expenses when cash is received or paid. Accrual accounting records transactions when they are earned or incurred, regardless of cash flow. Limited companies must use accrual accounting.

Missing a tax deadline can result in fines, penalties, and interest charges from HMRC. It’s important to stay on top of filing deadlines or engage an accountant to manage this.

PAYE (Pay As You Earn) is the system for paying income tax and National Insurance on employees’ wages. Directors on a salary must also operate PAYE.

Closing a limited company can be done through a voluntary dissolution (striking off) or liquidation if the company is insolvent. All debts must be settled before closure.

Yes, a limited company can own assets, such as property, vehicles, or equipment. These assets are separate from personal ownership.

To switch, you’ll need to incorporate a limited company with Companies House, inform HMRC, transfer assets, and start maintaining separate accounting records. Consult with an accountant to manage the transition smoothly.

Switching to limited company accountancy with us is simple.

1 Choose Your Package

Pick the limited company accounting services that you would like from either our pre-built packages or build your own to find out exactly how much you will be paying each month.

2 Sign up with Us

Once you have picked your level of service you’ll simply need to send over a few extra details to register with us via our sign up form or over the phone

3 You’re ready to go

That is it, we will begin to set your limited company services up for you, contact your previous accountant if required, and begin the authorisation process with the HMRC

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Switch to us for your Limited Company Accounting

Online Company Formation Services

Free company formation with our Pre-Built or Bespoke Accounting packages!

All official documents provided

Online Hub to manage your company

London Registered office Address

Your own incorporated limited company

Company Formation
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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

Content is for general information only. Always take advice.