U.K. Professional Clients
U.K. Private Customers
The private limited company formation service in England or Wales, which comes with the year-end annual return and annual account preparation and its submission with Companies House and HMRC (Tax Office) for a trading company.
Many people start a small business in order to enjoy the rewards of freedom and independence. Starting your own business is both exciting and rewarding, but it is also full of challenges. The level of commitment that you will need should not be underestimated. With approximately 30% of all new businesses failing in the first year of trading, research suggests that those that plan and seek professional advice from the outset have a significantly greater chance of being successful.
Our aim is for you to focus on what you do your best - building your own successful business. Alongside you, we aim to advise you in ways that help you make more money, save tax navigate through difficult times, and ultimately meet your personal and business objectives.
The description of our package in brief
1. The registration of a new company with Companies House and HMRC;
2. The provision of a registered office address in London, and appointment of a nominee company secretary;
3. Opening of a corporate bank account;
4. Dealing with the company' secretarial issues; etc.
5. The preparation and filing of the annual account and return with Companies House and HMRC.
Every business registered in the UK, large or small, must produce the annual accounts for the tax authorities. All limited companies must also file annual return at Companies House, which complies in form and substance with the Companies Act provisions.
When we prepare your annual accounts for you, we view this as an opportunity to discuss performance and future prospects for your business. It is usual that we meet to discuss your performance ensuring that you remain tax efficient and have opportunity to discuss any future opportunities or risks within the business.
Our aim is to provide more than just the preparation of the annual accounts. We use the annual accounts as a tool to assist in a proactive approach to advising the direction of your organisation. With the help of one of our skilled advisers, your accounts can pin point positive and negative trends in the business.
In addition, we will work with you to ensure that you receive information in a timely manner - avoiding unnecessary fines and penalties from the Companies House and HMRC.
Who is this package for?
If you are thinking about setting-up a new business, and need it done quickly and easily, if you would like to do the bookkeeping records by your own, and you will need the professional assistance with the preparation of your final annual accounts and its submission with the relevant government bodies for a fixed fee, then this package is the perfect choice.
This package is ideal for such customers, who will run a trading company as a director, and who will deal with the bookkeeping requirements themselves during the financial year. At the end of the financial year, our certified chartered accountant will prepare the final annual accounts and submit it with the Companies House and HMRC.
How it works?
Six months after your company registration, you will need to provide us your corporate bank statements and copies of all invoices (incoming & outgoing), to help you with the preparation of the annual accounts at the year-end.
Then, twelve months after your company incorporation, you will need to provide us the rest of your corporate bank statements and copies of all invoices to help you with the preparation & finalisation of the annual accounts for behalf of your company.
P.S. Please take the following note, that this package is suitable for companies whose turnover is below then £85,000, and not VAT registered.
What the particular services do you get?
Our complete company formation with annual accounts package includes: -
1. The registration of the private limited company (including the government fee for the incorporation of a company).
2. The provision of the registered office address for a trading company at the Baker Street in London.
3. The display of your company name on the monitor at the registered office address.
4. The provision of a nominee secretary to protect the director(s) responsibilities.
5. The assistance to open a business bank account with the HSBC or Barclays with debit and/or credit cards.
6. The initial registration of your company with the HMRC as a tax payer.
7. The provision of the tax agent service with the HMRC.
8. The government mail and banking statements forwarding to your own address.
9. The keeping of your company' registers at the registered office address.
What documents will you get from us?
The following documents will be sending by the first class post to you upon formation of your private limited company: -
1. Two laminated certificates of incorporation;
2. Two hard bound copies of your memorandum & articles of association;
3. Two hard bound copies of the first meeting of the board of directors;
4. Two elegant printed share certificates and your company registers;
5. An agreement in between us and your company for the preparation of the annual return and the annual accounts, and the indemnity letter.
P.S. In the case if you will need to have more documents or more copies of your corporate documents from us, you can order them at a later stage.
You need to provide us the following documents
1. A certified copy of your ID and the utility bill;
2. A dully signed indemnity agreement (we will send you the drafted copy);
3. A dully signed engagement letter (we will send you the drafted copy).
Our charges for the complete company formation & annual accounts package
The price of this package is £1,250 per calendar year (which is around £104.00 per month plus the VAT). Our fees need to be pay in two instalments: -
The first instalment of £600.00 needs to be paid up front and the next instalment of £650.00 needs to be paid within next six months, as soon you will receive the relevant notice from us where you will be asked to provide us the copies of your bank statements, and copies of your invoices.
We will need to receive your payments on time to avoid any penalties or fines from the Companies Registrar or HMRC; otherwise, we will charge an extra fee for the preparation of your annual accounts and returns.
Second Year Fees
In the second year you will need to pay us the next instalment of £600.00 after the last payment you have done to us, and the additional instalment of £650.00 needs to be paid within next six months as soon you will receive the relevant notice from us.
If you will need to have the package, which will accompany with your business needs, please do not hesitate to contact us at any time during the accountancy year.
About the possible extra charges & costs
In the case, if you do not want to take care about your bookkeeping on the daily basic, and want to pass those responsibilities to us, we can handle it for an extra monthly fee.
If you would like to register your limited company for the VAT and submit your VAT returns once per three months with the HMRC, we are charging an extra fee for that service. Please do not hesitate to contact us for the further details.
PAYE returns are not included into the price of this package, if you need to have a help with the PAYE returns, please contact us to discuss our opportunities.
The director's personal self-assessment tax return also is not included into the price of this package, if you need to have a help with the self-assessment tax returns, please contact us to discuss our offers.
If your company needs to be register in accordance with the Data Protection requirements and fulfil them, please contact us for the further advise.
If you are looking to protect yourself as a company director for the professional indemnity insurance, we will be happy to accompany your needs.
As far as you can see, our firm can offer a wide range of services, and it is advisable to have the initial meeting with one of our specialists free of charge to discuss your needs and your requirements.
P.S. If your business entity will comply with all requirements and regulations it will help you to save thousands of pounds per year from un-expected fines and penalties. You can trust us as the professionals on this market. The simplest company formation and opening a business bank account is only the first step to the successful business. Any small mistake or avoidance of the law or legal requirements may costs you a lot of money, which cannot be decided as the benefit for your own business, or for your own at all being as the company director.
We can also prepare and file director's personal self-assessments, including the year-end of the preparation of the Payroll accounts for behalf of company.