Penny & Pounds

Limited Companies

Setting up and running a limited company doesn’t have to be complicated. We take care of company formation, ongoing compliance, and corporation tax so you can focus on growing your business with confidence.
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Everything Your Limited Company Needs, All in One Place

Running a limited company comes with additional responsibilities, from company formation and statutory filings to corporation tax returns and ongoing compliance. Without the right support, it can quickly become time-consuming and confusing, especially when you’re trying to focus on running and growing your business.

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Whether you’re setting up a brand-new company or already trading, we provide clear, practical support at every stage. We’ll guide you through the company formation process, ensure your business is registered correctly, and make sure all statutory obligations with Companies House and HMRC are met on time.

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As your accountants, we’ll handle your corporation tax calculations and submissions, review your records for accuracy, and help you understand what your company owes and when. We also advise on allowable expenses and tax-efficient structures, helping you reduce your tax bill where possible while staying fully compliant.

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Our goal is to remove the stress, avoid costly mistakes, and give you peace of mind that your limited company is set up properly, managed correctly, and operating in the most tax-efficient way possible — allowing you to focus on what matters most: growing your business.

“Setting up my limited company was quick and straightforward. Everything was explained clearly and my corporation tax was handled without any stress.”
Harry

Frequently asked questions.

If you have any further questions don't hesitate to reach out to us, we're always on hand to help.

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What is included in setting up a limited company?

We handle the full company formation process, including registering your company with Companies House, setting up your company structure, and ensuring everything is compliant from day one. We’ll also advise on directors, shareholders, and ongoing responsibilities.

Do you handle corporation tax returns?

Yes. We prepare and submit your corporation tax return, calculate how much tax is due, and ensure it’s filed accurately and on time with HMRC. We’ll also advise on allowable expenses and tax efficiency.

Do I need an accountant for a limited company?

While it’s not legally required, most limited companies use an accountant due to the complexity of compliance, corporation tax, and statutory accounts. Using a professional helps reduce errors, saves time, and can often save you money in tax.

Can you help if my limited company is already trading?

Absolutely. Whether you’re newly formed or have been trading for years, we can take over your accounting, ensure everything is up to date, and support you moving forward.

When does corporation tax need to be paid?

Corporation tax is usually due nine months and one day after the end of your accounting period. We’ll make sure you know exactly what’s due and when, so there are no surprises or penalties.

Penny & Pounds