Private Limited Company (LTD)
More information
Service includes:
Not included:
The turnaround is 3 business days.
- Registered Office Address
- Filing of the mandatory annual Confirmation Statement including fee
- J30 Stock Transfer form
- Resolution or Minutes
- Register of directors
- Register of shareholders
- Share certificate
- Maintenance and support
Not included:
- Director's correspondence address (used to avoid disclosing the director's residential address). Service is described here.
- Preparation of financial statements and filing of company’s accounts with HMRC. The service is described here.
The turnaround is 3 business days.
The most common type of entity registration in the UK.
The minimal authorised capital for a LTD company in the UK is only £1 (one British pound). The law does not require the prepayment of this capital. Therefore, the amount of authorised capital can be arbitrary and has a formal nature until the distribution of dividends among shareholders begins.
We recommend stating the amount of authorised capital as £1,000, divided into 1,000 shares, for the convenience of distribution among shareholders. It is important to note that the shareholder's liability is limited to the amount of authorised capital, including the company's obligations and debts.
In accordance with the requirements of Companies House, a company is required to disclose a Person with Significant Control (PSC), who has substantial influence or control over the company's activities. Typically, this is a shareholder owning more than 25% of the shares and/or an individual making key decisions in the company.
A Limited Company can have an unlimited number of shareholders and directors. Only individuals of any nationality can act as directors in LTD. A director can be considered either an employee of the company or a self-employed individual. In this regard, the organisation either pays a monthly salary under the PAYE scheme, details available here, or the director submits a separate self-assessment report. In the latter case, income tax is levied on their earnings according to the rules of personal income taxation. More detailed information can be found here.
If the director's income tax is accounted for in the company's tax return, then the director does not need to file additional declarations. However, if their income is not accounted for or if the director has additional sources of income, they are required to file a self-assessment tax return. Details can be found here. Bridges also provides a service for the preparation and submission of reports for self-employed individuals. Details can be found here.
In the UK for the Tax year 2023-2024, there are two income tax rates applicable to businesses. Profits exceeding £250,000 are subject to a 25% tax rate. Companies with profits up to £50,000 are subject to a 19% income tax rate. Profits falling between the amounts of £50,000 and £250,000 are taxed at a marginal rate of 25% with a relief, which can be calculated here. We invite you to explore our tax optimisation solution here.
The VAT rate in the UK is 20%. However, if your business provides services to foreign businesses (B2B) outside of the UK, you are not required to charge VAT.
The minimal authorised capital for a LTD company in the UK is only £1 (one British pound). The law does not require the prepayment of this capital. Therefore, the amount of authorised capital can be arbitrary and has a formal nature until the distribution of dividends among shareholders begins.
We recommend stating the amount of authorised capital as £1,000, divided into 1,000 shares, for the convenience of distribution among shareholders. It is important to note that the shareholder's liability is limited to the amount of authorised capital, including the company's obligations and debts.
In accordance with the requirements of Companies House, a company is required to disclose a Person with Significant Control (PSC), who has substantial influence or control over the company's activities. Typically, this is a shareholder owning more than 25% of the shares and/or an individual making key decisions in the company.
A Limited Company can have an unlimited number of shareholders and directors. Only individuals of any nationality can act as directors in LTD. A director can be considered either an employee of the company or a self-employed individual. In this regard, the organisation either pays a monthly salary under the PAYE scheme, details available here, or the director submits a separate self-assessment report. In the latter case, income tax is levied on their earnings according to the rules of personal income taxation. More detailed information can be found here.
If the director's income tax is accounted for in the company's tax return, then the director does not need to file additional declarations. However, if their income is not accounted for or if the director has additional sources of income, they are required to file a self-assessment tax return. Details can be found here. Bridges also provides a service for the preparation and submission of reports for self-employed individuals. Details can be found here.
In the UK for the Tax year 2023-2024, there are two income tax rates applicable to businesses. Profits exceeding £250,000 are subject to a 25% tax rate. Companies with profits up to £50,000 are subject to a 19% income tax rate. Profits falling between the amounts of £50,000 and £250,000 are taxed at a marginal rate of 25% with a relief, which can be calculated here. We invite you to explore our tax optimisation solution here.
The VAT rate in the UK is 20%. However, if your business provides services to foreign businesses (B2B) outside of the UK, you are not required to charge VAT.
GBP 385 / EUR 450
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+44 (0) 2922 711 399
info@bridgescsp.com
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