Limited Companies

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You can run your business as a company in the UK. There are different types of companies and classification depends, among other things, on who owns the company and the extent to which those people responsible for the company’s liabilities.

Types of companies in the UK

The most common types of companies in the UK are as below:

  • Private company limited by shares
  • Public limited company
  • Company limited by guarantee
  • Unlimited company
  • Community Interest Company

A private company limited by share is the most popular type of UK incorporation company for small businesses. There is no minimum capital requirement other than one share must be issued at incorporation. This is the most suitable type of company for the small businesses in the UK.

 

How to form a Private Limited Company?

A private limited company can be registered with Companies House (a regulatory body in the UK). This is also called Company Formation or Incorporation. The following information is required to incorporate a company with Companies House:

  • Proposed company name
  • Registered office address of the company
  • Names of the directors and their addresses
  • Details of the company’s shares
  • Nature of the trading activities
  • Details of people with significant control over your company

 

If you would like to form a private limited company in the UK, our experts can help you to incorporate your company within 24 hours.

Responsibilities of directors of a private limited company

As a director of limited company, you will have certain responsibilities:

  • Keep company records and report any changes to the relevant authorities
  • File your annual company accounts with Companies House
  • File your Corporation tax return HMRC
  • Pay corporation tax
  • Register for self-assessment and send a personal tax return every year

 

How we can help you?

At Martax, we can help you with the following:

A suitable type of company for your business

A suitable tax strategy tailored to your circumstances

Company formation within 24 hours

Initial Face-to-face meeting

Registration of your company for PAYE and VAT

A fixed monthly fee in relation to all the filing requirements of your company

Why Choose Us

Pro-active

We are a highly-motivated team of professional accountants and our moto is to provide our clients with pro-active accounting and tax advice. We use online accounting and tax packages which automates many of these compliance processes and leaves plenty of time for us to advise you on the current up to date accounting information and about the future cashflows and other forecasts.

Martax Accountants covers both personal and business clients which include a wide range of sectors including property rental and development, construction, IT professionals, restaurants etc

At Martax we always embrace latest information technology and software. This helps us to prepare accounting records in a timely and efficient manner. We send out reminders to our clients with automated software facilities. This helps us to meet clients expectations and HMRC deadlines on time.

We love to meet our clients face-to-face at no extra cost. You can come to our office to discuss your accounting or tax needs whether you are just a start up or our long existing clients. We always welcome our clients in our office.

No one wants to a penny extra more than you are required. Our team of professional accountants has years of knowledge and experience in dealing with accounting and tax affairs of owner-managed businesses. While preparing your accounting and HMRC returns, we will ensure that you are not paying a penny more than you need to pay for your taxes.

Confidentiality is of paramount important in our organization. We will ensure that your information is not shared with anyone and has been only used for the preparation of submission of your returns with HMRC.

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