Limited Companies

Limited company (Ltd) is a general term for a business organization wherein owners’ assets and income are separate and distinct from the company’s assets and income, known as limited liability. A limited company is a specific legal entity that is either “limited by shares” or “limited by guarantee” in its ownership. The finances and conduct of a Limited Company are independent of its owners. 

The main differences between a sole trader/partnership and a limited company are: 

  1. Limited companies have legal status as distinct financial entities separate from their shareholders. 

  2. Limited companies are owned by shareholders, each of which holds a portion of the total wealth of the company. 

  3. A shareholder is only liable for the amount of capital that they have invested in a limited company. 

  4. Limited companies have different accounting regulations and compliance issues. 

  5. Limited companies pay corporation tax on company profits, while the shareholders pay income tax on dividends and salaries. 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

THE UK'S BEST

Limited Companies Accountants

Accountants Specialized for Limited Companies
Affordable Cost
Quality of Work

A limited company is a legal business entity that is separate from its owners. It offers limited liability protection, meaning that the owner’s personal assets are separate from the company’s liabilities. The company’s finances and legal obligations are distinct from those of its owners. 

The corporation tax rate for limited companies in the UK varies depending on their profits. From April 2023: The main rate of Corporation Tax will be 25% for Companies with profits of £250,000 or more – this applies to all profits. A Small Profits Rate of 19% will exist for Companies with profits of £50,000 or less. The main rate will taper between £50,000 and £250,000 

For companies with profits above this threshold, there is a marginal relief system that gradually increases the tax rate. However, it’s advisable to check the current rates with HM Revenue & Customs (HMRC) as they may have changed since then. 

A private limited company, also known as an Ltd or Ltd. company, is a type of limited company that restricts the transferability of shares and does not offer its shares to the general public. It typically has “Ltd” or “Limited” in its name. This type of company is commonly chosen by small to medium-sized businesses. 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. 

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

Lanop ensures that you fully comply with UK regulations while remaining tax-efficient by supporting limited companies with a wide range of services, including accounting, bookkeeping, financial guidance, tax preparation, and HMRC investigations/inquiries. 

To prevent penalties and fines, it is critical for a limited company to fully comply with HMRC and Companies House regulations. 

Lanop comes in when company directors don’t have enough hours in the day. We take up the onerous and frustratingly time-consuming task of overlooking all limited company accounting and taxation issues. Our efficiency and expertise are unmatched when it comes to Limited company Finance and Accounting. 

Give us a call at Lanop to save time and money while having the peace of mind that professionals have your back. 

Our Guide

Ltd Company Advantages

By the end of this guide, you will understand why many entrepreneurs opt for the limited company structure and how it can benefit your business. Whether you’re just starting or considering a transition from self-employment, this guide will empower you to make informed decisions that can lead to financial success and professional growth.  

A Guideline About Advantages of Limited Company

WHAT CLIENT SAYS

About Us

Steven George-Hilley
Steven George-Hilley
2022-08-09
Our accountancy partners from the very beginning. A great team that tailors its services around the needs of the client, always available for advice, whenever its needed. Love working with them.
Asfand tahir
Asfand tahir
2022-07-01
I really don’t know where to start from i can not explain my happiness into words i can try but for sure there must be so many praises remains at the end Thanks indeed indeed Zaib And Lanop all team you guys are amazing i would say if I didn’t have you guys i would have been failed in many things All credit to Lanop what a brilliant firm Lanop Its all about you Zaib And Rehmat Thanks indeed you have done amazing job due to your work i have got my Tier 1 extension application successful within 47 days I can’t believe that i am so happy what a job you did I would advise Everyone come to Lanop for 100% guaranteed success in your immigration matters and all other accounting purposes Trust me, When name comes to success and successful it means Zaib. Big thanks to Rehmat What a team i had they are so lovely i disturbed them alot but they answered me every time For all my enquiries Rehmat the legend thanks indeed no words for you words are far behind, can’t explain you in words Rehmat and Tahir sorry I disturbed you alot and indeed you still helped every time. Rehmat is Very very professional the way he works I don’t think anyone does that way in entire country. Sidra Thanks alot for amazing help indeed You are amazing I dont know how to say how much i am happy from your work as well Kainat you too thanks alot Rehmat all credit goes to you thanks alot without your help I won’t be able to write all this today I am so grateful to you all What a team. Make sure guys you join Lanop without wasting anytime. Lanop Accountants ZINDABAD
jas singh
jas singh
2022-01-10
I have been a client of Lanop Accountants for the last 4 years and am extremely happy with their services. Zaib and his entire team is extremely professional and dedicated; they always respond swiftly and take personal interest in the business case. I have special words of praise for Rehmat and Waqar as they both helped me in my visa extension process immensely. Zaib has built a team of dedicated professionals and the work ethics speaks volumes about their firm. I would definitely recommend them!
Vinnit Patel
Vinnit Patel
2021-12-03
Very professional services, extremely pleased with the advice and work carried out on our accounts.
László Kohányi
László Kohányi
2021-10-12
I like their flexible approach. I had a bunch of small problems what was too little to big firms but too big for me. They explained the process, fees etc and solved my troubles. Price wise also been on the better side. Personally I recommend Rehmat. He is super responsive.
Alexey
Alexey
2021-05-18
Having been a client of Lanop Accountants for nearly 5 years, can't recommend them highly enough. Great professional team working 24/7 to meet every customers's need.
Eda Kendirli
Eda Kendirli
2021-05-04
Best and accurate service. Saved me so much time and money.
Femi Yusoof
Femi Yusoof
2021-01-29
I have been using Lanop Accountants for more than 3 years, and could not recommend them more highly to any one starting out in business or established business practice. Their professionalism, promptness and excellent customer service makes them in my opinion second to none.
JN
JN
2021-01-22
I used Lanop accountants to file some paperwork with HMRC as a non-dom resident. I’ve been very happy and impressed with their work so far. Zaib has been very knowledgeable and helpful. I recommend them and plan to use them again.

Meet Our Experts

Our team consists of skilled and experienced accountants and financial advisors. These professionals are able to assist individuals, entrepreneurs, business partners, and larger ventures with their financial and accountancy acumen. 

Custom Service Page

Our partnership accountants provide specialized consultation for certain legal requirements that must be met and paperwork that must be submitted to HMRC to protect members and ensure seamless partnership registration. 

Your business must register with HMRC if your VAT Taxable Turnover is over £85,000. On top of the initial registration process, our VAT professionals will also help you plan, prepare, and file all necessary paperwork ensuring that returns are filed correctly and on time. 

Our specialist payroll department efficiently manages the payroll and PAYE on your behalf by collecting and maintaining accurate records of all employees. We also help keep track of payslips and file P30 and P60 on schedule. 

With Lanop’s team of skilled bookkeepers, you can focus more on building your business by letting us handle tedious record-keeping of income, expenditure, bank reconciliations, VAT and PAYE on cloud accounting software coupled with smart technology applications. 

Our chartered accountants will take care of all HMRC and Companies House compliance requirements, including preparing and filing of annual financial accounts, VAT, Payroll, corporation tax or income tax return with the relevant departments. 

With our virtual finance director services, our highly qualified tech-savvy financial consultants can assist you with business plans, financial and economic projections, management accounts, budgeting, variance reports, investment decks for business management, and external financial institutions. 

Lanop’s wide knowledge of industry-specific tax reliefs and in-depth counselling on tax saving and investment planning for individuals and corporations make us your true friend when planning for taxes. Give us a call. We will make your life easier. 

All types of tax investigations are handled at Lanop. Our expert chartered accountants offer competent advice on subjects such as COP 8 (Tax Avoidance), COP 9 (Suspected Serious Fraud), HMRC Nudge Letter, Disclosure Facilities, fraud, VAT and PAYE investigations. 

Blogs

What Is Intrastat And What Should You Know About It?

What Is Intrastat And What Should You Know…

What is Intrastat? Intrastat is a system that collects statistics…

What is a Corporate Tax Residency and What Information Do Entities Need to Provide?

What is a Corporate Tax Residency and What…

What Is The Concept Of A Corporate Tax Residency? Corporate…

Unlocking Tax Benefits: Why Limited Companies Should Consider Electric Vehicles

Unlocking Tax Benefits: Why Limited Companies Should Consider…

In recent years, Electric Vehicles (EVs) have developed as an…

Get In touch

Address: 389 Upper Richmond Rd, London SW15 5QL, United Kingdom.

We are here for you

Stay connected with us

A Guideline About Advantages of Limited Company

Ltd company advantages-1

Enter Your Details to Download the Guide.

CEO of Lanop

Aurangzaib Chawla

At Lanop, I am providing my services as the Managing Partner and Tax Specialist. My expertise includes helping medium and small-scale businesses in their accountancy and legal requirements, business start-up support, strategic review, payroll system review and implementation, VAT and tax compliance to cloud accounting. I am also an expert in financial reporting, identifying and monitoring risks, strategic business development, client retention, market acquisition and deals closure by carefully planning my sales cycle. 

Muhammad Sohaib

Muhammad Sohaib

Senior Financial Accountant

 

I am a qualified finance professional with over 8 years of diverse experience and proven track-record in accounting and finance, tax planning, preparing annual accounts, dealing with tax investigations and strong customer relationship management. I have also served in the higher education institutes to teach financial accounting and financial management to undergraduates and MBA students. Apart from my core expertise I am also leading and managing Lanop’s team of client managers across continents. I am also responsible for the quality control of the work and the provision of streamlined services to all our customers. Apart from work, I am a real Tennis enthusiast & sports player at heart.

Free Consultation Call

Book A Free Call Worth £100

Enter Your Name & Email Address for a Free Consultation