Limited Companies

Many small business owners setup Limited Company's without understanding what they are letting themselves in for. As a sole trader, or partnership life is relatively simple. You and your business are the same thing. If you form a Limited Company, you have created a separate legal entity to yourself.

So if your business employees less than 50 people, has a turnover less than £5.6 million pounds per annum and has a balance sheets less total less than £2.8 million pounds then you are not required to have a formal audit.

Phillips Associates can help you with the more formal requirements needed to run a small limited company.

We can offer the following services:
Company formationsPreparation of Profit and Loss account and Balance sheetCalculation of Corporation TaxFiling of company's Corporate Tax Self Assessment returnFiling of financial statements in the format required by Companies HouseFiling of Annual Return at Companies House

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