Limited Companies

Limited Company Accounting Made Easy

Being a company director is both challenging and rewarding. While celebrating milestones is exhilarating, managing accounts can quickly dampen the excitement. At Alyf, we understand this and are here to alleviate the accounting burden, allowing you to focus on what you do best.

Our team of limited company accountants is dedicated to supporting ambitious business owners like you. We offer proactive accounting services to keep your business on track, from handling routine tasks to providing strategic insights that drive growth.

Limited companies face various legal and financial responsibilities. Managing these can be overwhelming, but Alyf is here to streamline the process. We handle everything from payroll and bookkeeping to strategic tax planning and management reporting, helping you maximise profits and efficiency.

What Is a Limited Company?

Don’t worry if you’re new to this—there are no silly questions here. Unlike sole traders, who are personally liable for business debts, a limited company’s finances are separate from its owners’. This limited liability protects directors from most business debts, offering a degree of security.

Limited companies pay corporation tax on their income and must submit annual tax returns to HMRC. Though setting up a limited company involves more paperwork—such as registering with Companies House and submitting year-end accounts—our expert team ensures this is handled smoothly.

Our Accounting Services for Limited Companies

• Company Formation: Thinking of starting a limited company? We guide you through the formation process, register your company, and advise on share structures to optimize tax benefits.
• Payroll: Leave the complexities of payroll to us. From calculating salaries and deductions to auto-enrolling employees in pension schemes, we handle it all, ensuring compliance and keeping you stress-free.
• Corporation Tax Returns: We prepare and submit your corporation tax returns on time, making sure you take advantage of every deductible expense and avoid unexpected tax bills.
• Annual Accounts: Our team prepares your annual accounts, including balance sheets and profit and loss statements, ensuring they meet all regulatory requirements and are submitted to Companies House.
• VAT Returns: Whether you’re already VAT-registered or considering it, we assist with the registration process and manage your VAT returns to ensure you reclaim what you’re owed.

Why Choose Alyf ?

If you’re starting a new venture or running an established business, Alyf is your ideal partner. We make transitioning from your previous accountant easy and provide expert, friendly support.

Frequently Asked Questions

• What is the best accounting software for a limited company?
  We highly recommend Xero for its excellence in online accounting.
• Does a limited company have to be registered with Companies House?
  Yes, registration with Companies House is mandatory, including updating details and submitting annual accounts.
• What is a limited company’s financial year?
  The financial year is the period used to prepare annual accounts and aligns with the chosen accounting reference date.
• How long do you need to keep accounting records?
  Records must be kept for at least six years from the end of the financial year they relate to.
• How much do limited company accounting services cost?
  Our services start at £130 per month. For more details, visit our pricing page.