When starting a business, to set up a Limited Company offers the individual protection by limiting their liability. Any loan or credit agreements would be in the name of the company offering a degree of safety to the individual. There is a perception that a Limited Company is a superior entity than a sole trader which may assist in winning new business. However, there are statutory requirements in and around operating a Limited Company that inevitably means paperwork.

Prepare, submit and file Annual Accounts.
Prepare Periodic Management Accounts.
Provide Dividend Schedules.
Provide references for Mortgage Applications and similar.
Prepare National Statistical Office Business Surveys.
Prepare Cash-Flows and Business Plans.

Raise Invoices on the company’s behalf.
Record all Transactions of the company on Xero.
Manage the Bank Statements of the company.
Manage Supplier Payments.
Provide Credit Control Services.

Act as the Agent for the company with HMRC.
Prepare and submit VAT Returns for the company.
Prepare the company’s Corporation Tax Computation.
Prepare Income Tax and National Insurance Information.

Manage the Payroll on HMRC RTI Compliant Software.
Calculate Net Salaries, Income Tax and NI Contributions.
Complete all Requisite Returns to the UK Authorities.
Prepare P60 and P11D’s and, where appropriate, P45’s.
Administer Commission, Bonus Schemes and Employee Benefits.
Administer company and workplace Pension Schemes.
Administer Business Expense Reporting and Reimbursement.

Complete and file all Companies House Mandatory Forms.
Prepare and submit the Annual Confirmation Statement.
Prepare and record all Director’s Resolutions.
Act as the Registered Office for the company.
Prepare and issue Periodic Dividend Vouchers.
Prepare Shareholders’ Agreements.
Prepare and issue Director’s Loan Agreements.

Incorporate a bespoke UK Limited Company.
Act as Company Secretary and provide a Registered Office.
Open a Business Bank Account.
Review Third Party Contracts.
Liaise with HMRC to secure the Employment Reference.
Prepare VAT and Flat Rate Scheme Registration.
Set the Accounting Reference Date.
Provide Employment Contracts.
Source Professional Indemnity and Public Liability Insurance.