Limited Companies
Gain control, maximise tax efficiency and grow with confidence.
Running a UK limited company comes with responsibilities, from corporation tax and statutory accounts to director pay planning and ongoing HMRC compliance. It can feel like a lot to manage alone, especially when you want to focus on growing your business.
At AccountingBliss, we provide expert accounting services for limited companies across Derby, Coventry and the Midlands, offering clear, proactive support that keeps your finances organised and your tax position optimised. Whether you need help with director salary and dividend planning, year-end accounts or reducing your tax bill legally, our experienced team is here to guide you every step of the way.
As Chartered Accountants for limited company directors, we offer more than just compliance, we deliver proactive advice, financial clarity and support that grows with your business.
Are you struggling with:
Uncertainty around how much Corporation Tax you'll owe?
Not knowing the most
tax-efficient way to pay yourself as a director?
Worrying about HMRC deadlines, filings
and staying compliant?
Bookkeeping and accounts that feel harder than they should be?
Feeling unsure what you
can claim through your
limited company?
A constant sense of overwhelm around the numbers and financial responsibility?
01
Accurate Corporation
Tax Computation
No surprises, just clarity and confidence in what you owe and by when.
02
Tax Optimisation
We identify every legitimate allowance, relief and deduction to legally minimise your tax bill.
03
Proactive, Forward-Looking Advice
We offer more than just compliance. We’ll plan ahead with you ensuring your company finances and tax are optimised for future years.
04
Timely & Compliant Filing
Your accounts and returns are filed accurately and on time giving you confidence that your business is meeting all legal obligations.
05
End to End Compliance Management
From documentation to submission ensuring nothing is overlooked, freeing you from admin overwhelm so you can focus on growing your business.
06
Actionable financial insights
We’ll help you understand your annual performance and trends so your accounts become a strategic decision-making tool and not just a formality.
Why Chose us
as your limited company accountant?
You deserve a limited company accountant who helps you reduce corporation tax, stay fully compliant and grow your business with confidence.
Pay Less Tax
Keep more profit in your
business through proactive limited
company tax planning.
Pay Yourself Tax-Efficiently
Get clear advice on the right mix of salary, dividends and allowances so your income is structured properly.
Relax Knowing It's Handled
Have peace of mind knowing everything is handled accurately so you feel organised and in control.
• What Does a Limited Company accountant do?
Accountants for limited companies provide specialised support with the complex financial, tax and statutory responsibilities unique to UK limited companies. Unlike sole trader accounting, limited company accounting requires expertise in corporation tax, Companies House filings, director remuneration strategies and compliance with company law.
Whether you're looking to hire an accountant for the first time or switch from your current accountant, we offer:
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Statutory accounts preparation and Companies House filing
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Corporation tax returns (CT600) and tax planning
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Companies House filings and confirmation statements
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Director salary and dividend optimisation
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Payroll for directors and employees
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VAT returns and Making Tax Digital compliance
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Bookkeeping and cloud accounting software implementation (Xero and QuickBooks)
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Management accounts for business decision-making
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Cash flow forecasting and financial planning
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Business banking setup and advice
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HMRC enquiry support and representation
Our accountants for limited companies work proactively throughout the year, not just at year-end. You'll receive regular financial updates, strategic tax advice and the confidence that comes from knowing your compliance is handled by experienced professionals.
• Do I legally need an accountant for my limited company?
No legal requirement exists to hire an accountant for your limited company. However, most directors find professional limited company accountants pay for themselves through tax savings, time reclaimed and reduced risk of costly compliance errors.
• When Should You Hire an Accountant for Your Limited Company?
Many directors start by handling their own accounts but find themselves spending hours on admin, worrying about mistakes or missing tax-saving opportunities. Here are clear signs when it's time to hire an accountant:
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Your turnover exceeds £40,000-£60,000 annually
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You're spending 10+ hours monthly on accounting and compliance
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You're approaching the £90,000 VAT registration threshold
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You're uncertain about tax-efficient director remuneration
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You want proactive tax planning, not just year-end compliance
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You need accurate financial data for business decisions
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You're planning to hire employees or expand
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You want to minimise tax liability legally and compliantly
The decision to hire an accountant typically comes down to value. When the cost of your time plus the risk of errors and missed tax opportunities exceeds the accountant's fee, professional support becomes essential.
• Legal Accounting Requirements for Limited Companies
Every UK limited company must comply with strict accounting and reporting obligations. Whether you're a newly incorporated company or an established business, here's what you're legally required to do:
• Annual Statutory Accounts & Companies House Filing
Our limited company accountants prepare your annual statutory accounts in full compliance with UK accounting standards (FRS 102 or FRS 105). We file accounts electronically with Companies House within the 9-month deadline, avoiding the automatic £150+ penalties for late submission.
• Corporation Tax Return
You must submit a company tax return filing to HMRC within 12 months of your year end. We file this electronically to HMRC on your behalf and the CT600 details your company's taxable profits, corporation tax calculations and any reliefs claimed. Even if your company made no profit, you must still file.
• Corporation Tax Payment
Corporation tax must be paid within 9 months and 1 day after your accounting period ends. The current rate is 25% for profits over £250,000, 19% for profits under £50,000, with 26.5% marginal relief between these thresholds. Late payment incurs interest charges immediately.
• Payroll
Running payroll can be a real distraction for an overworked business owner. We offer a full payroll service, from calculating salaries and deductions to auto-enrolling your employees into a pension scheme. You and your team gets paid correctly while you maintain full PAYE compliance.
• VAT returns
The threshold to register for VAT is £90,000. Most limited companies are registered for VAT and many choose to register before they meet the threshold. It can give your business more credibility and allow you to reclaim VAT on eligible company purchases. If you’re thinking of registering, we can help with the process and submit your VAT returns, making sure you claim what you are owed.
• Record Keeping Requirements
HMRC record keeping requires you to retain all business records for at least 6 years from the end of the accounting period. This includes:
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All sales and purchase invoices
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Bank statements and reconciliations
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Payroll records and P11Ds
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VAT records (if registered)
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Dividend vouchers and board minutes
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Asset registers and depreciation schedules
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Contracts and agreements
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Corporation tax computations
Digital records are acceptable. We help you implement cloud-based systems that automatically maintain compliant records, making year-end reporting straightforward and HMRC audits stress-free.
• Director Salary and Dividends – the optimal salary & dividend strategy
Our limited company accountants calculate your optimal salary and dividend structure. Typically, directors take a low salary (£12,570 - the personal allowance) plus dividends up to £37,700. For £50,000 total remuneration, this saves £3,000-£5,000 annually compared to salary alone by avoiding most National Insurance contributions.
• How Dividends Work for Limited Companies
Dividends are payments from post-tax profits distributed to shareholders. To pay dividends legally and compliantly:
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Company must have sufficient distributable profits
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Board meeting held and minuted (we provide templates)
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Dividend vouchers issued to all shareholders
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Payments made proportionate to shareholding
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Personal dividend tax paid via self-assessment (£500 allowance applies)
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Proper documentation maintained for HMRC inspection
We handle all dividend administration, ensuring compliance while maximising tax efficiency. We'll also advise when dividend payments aren't appropriate due to cash flow or profit constraints.
• Bank Accounts for Limited Companies
Choosing the right business bank account for your limited company is crucial for cash flow management, accounting integration and financial clarity. Unlike personal accounts, limited company bank accounts come with monthly fees but offer essential business features.
• What to Look for in Limited Company Bank Accounts
When comparing limited company bank accounts, consider:
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Monthly fees and transaction charges
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Accounting software integration (Xero, QuickBooks)
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Online and mobile banking functionality
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Multi-user access for you and your accountant
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Payment limits and international transfer costs
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Customer service quality and support hours
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Cash deposit facilities (if needed)
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Overdraft availability and interest rates
• Cloud Accounting Software and Bookkeeping Services
Modern accounting for limited company operations requires cloud-based software that integrates with your bank, automates data entry and provides real-time visibility. We offer full bookkeeping services and specialise in Xero, QuickBooks and Dext.
• How much do accountants for limited companies typically charge?
Fees vary based on turnover and complexity and start from as little as £100+vat per month. This typically includes bookkeeping support, statutory accounts, corporation tax returns and advice from our experienced limited company accountants. Our fees are a deductible expense.
• Can I change accountants if I am unhappy with my current one?
Yes, absolutely. Changing accountants for limited companies is straightforward. We handle the entire transition, including obtaining records from your previous accountant, ensuring no compliance gaps, and getting you set up quickly. Most transitions complete within 2-3 weeks. There is never a penalty for switching accountants.
• What is the difference between statutory and management accounts?
Statutory accounts are your official annual accounts prepared in legal format for Companies House and HMRC. They are public documents. Management accounts are internal monthly or quarterly reports showing your profit and loss, cash flow, and performance metrics. They help you make business decisions. We provide both - statutory accounts for compliance, management accounts for business control.
Get Expert Limited Company Accountants
Whether you're setting up a new limited company, looking to hire an accountant, or wanting to switch from your current accountant, our experienced limited company accountants are here to help.
Contact AccountingBliss today for a free consultation with our specialist accountants for limited companies. Discover how we can save you time, reduce your tax bill and give you complete confidence in your business finances.
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