Running a limited company in the UK comes with strict financial and tax obligations. One small mistake with HMRC filings or statutory accounts can cost you time, money, and even penalties. That’s where Pearl Lemon Accountants come in. As your dedicated accountant for limited companies, we take care of everything from corporation tax to payroll compliance, freeing you to focus on running your business.
Our team understands the unique financial pressures UK limited companies face. Whether you’re scaling up, managing cash flow, or simply trying to stay compliant, we provide clear guidance and practical solutions.
Schedule a consultation today and see how we can make your accounts work for you.
Our Services
As an established accountant for limited companies in the UK, we provide an end-to-end service that covers every aspect of compliance, reporting, and financial strategy. Below are eight key services we offer.
Corporation Tax Planning and Filing
Corporation tax is one of the biggest compliance challenges for UK limited companies. With HMRC expecting precise filings, missing deadlines or miscalculations can trigger penalties and unnecessary tax exposure.
We prepare, review, and submit corporation tax returns, ensuring that your company claims all available allowances and reliefs. By examining expenditure, R&D claims, and capital allowances, we identify savings opportunities that directly improve your bottom line.
How this helps you:
- Ensures timely and accurate CT600 submissions.
- Reduces risk of HMRC inquiries and penalties.
- Identifies legitimate tax reliefs to reduce liability.
In 2022–2023, over 56% of HMRC penalties were linked to late or incorrect returns. With us, you avoid becoming part of that statistic.
Statutory Accounts Preparation
Every UK limited company must file statutory accounts with Companies House. These reports must meet strict formatting standards under UK GAAP or IFRS.
We handle the preparation, review, and filing of statutory accounts, ensuring directors meet their legal obligations. Our accountants interpret complex data and convert it into a compliant set of financial statements, ready for submission.
Why this matters:
- Maintains compliance with Companies House requirements.
- Present your company’s financial position clearly for investors and lenders.
- Prevents rejections or fines due to formatting errors.
VAT Registration and Returns
If your turnover exceeds the VAT threshold, compliance becomes unavoidable. HMRC now requires Making Tax Digital (MTD) submissions, which adds another layer of complexity.
We handle VAT registration, quarterly filings, and advisory on complex VAT schemes (Flat Rate, Margin, or Retail Schemes). By setting up MTD-compliant systems, we ensure accurate submissions and no disruption to your operations.
Key benefits:
- Avoids costly VAT errors and surcharges.
- Identifies correct VAT treatment for transactions.
- Provides clarity on cross-border and digital services VAT.
Bookkeeping and Management Accounts
Messy books lead to messy decisions. We provide cloud-based bookkeeping solutions using platforms like Xero, QuickBooks, and Sage, giving you real-time visibility of your financial position.
Our monthly or quarterly management accounts allow directors to track performance, profitability, and cash flow trends. With clear reporting, you can make informed decisions on investment, hiring, and growth.
Why this helps:
- Keeps records HMRC-ready at all times.Improves financial transparency.
- Provides insight into areas draining resources.
Payroll Management
Running payroll in the UK requires compliance with PAYE, NIC, pensions auto-enrolment, and Real Time Information (RTI) submissions. Mistakes can lead to penalties and unhappy staff.
We manage payroll end-to-end: from employee setup to payslips, HMRC reporting, and pension contributions. For directors, we also structure tax-efficient salary and dividend combinations.
Advantages:
- Ensures compliance with UK payroll regulations.
- Reduces administrative burden on directors.
- Provides timely, accurate staff payments.
Company Formation and Secretarial Services
Starting a limited company is more than just registering with Companies House. Ongoing statutory obligations require precision.
We set up new companies, register for corporation tax, and provide ongoing company secretarial services such as maintaining registers, filing confirmation statements, and handling share structures.
How this supports you:
- Get your business operational quickly.
- Keeps your company compliant with Companies House.
- Provides directors with peace of mind over governance.
Directors’ Tax Returns
As a director of a limited company, you’re responsible for filing a self-assessment tax return in addition to company filings. Balancing dividends, salaries, and benefits-in-kind can be complex.
We prepare and submit director tax returns, ensuring accuracy and the right balance between personal and corporate tax efficiency.
Why this matters:
- Avoids HMRC penalties for late or inaccurate filings.
- Ensures directors’ income is structured tax-efficiently.
- Reduces stress around personal and business tax overlap.
HMRC Compliance and Advisory
Dealing with HMRC can be stressful, particularly if you’re selected for an investigation or compliance check. Our accountants act as your representative, managing correspondence and defending your position.
We also provide proactive advice to reduce audit risk, including compliance checks on VAT, PAYE, and corporation tax.
Benefits:
- Protects directors from unnecessary stress.
- Reduces the likelihood of penalties and disputes.
- Ensures your company is always HMRC-ready.
Book a consultation today to safeguard your limited company’s financial future.
Why Choose Us
Choosing the right accountant for limited companies in the UK isn’t about finding someone who just files returns. It’s about having a partner who understands the challenges directors face.
- We combine technical expertise with clear communication.
- We use leading UK accounting software to organize reporting.
- We provide proactive tax planning, not just compliance.
Industry Statistics That Matter
- Over 93% of UK limited companies outsource some form of accounting support.
- HMRC issued £805 million in penalties last year, mostly due to late filings and inaccuracies.
- Companies using professional accountants save an estimated 18% on average tax liability through proper claims and reliefs.
Schedule a consultation today and let us manage your company’s compliance.
Frequently Asked Questions
While not legally required, most directors hire accountants to avoid mistakes, reduce tax liability, and manage compliance efficiently.
Companies House applies automatic penalties starting at £150 and increasing up to £1,500, depending on how late the filing is.
Yes, we provide a complete service covering corporation tax, payroll, VAT, and bookkeeping.
Yes, all directors of UK limited companies must submit a self-assessment tax return annually.
We apply the correct VAT treatment under UK rules and advise on cross-border VAT, including EU digital services rules.
Let’s Take Care of Your Limited Company Accounts
Running a limited company in the UK is demanding. With us as your accountant for limited companies, you’ll have accurate accounts, lower tax exposure, and complete compliance.
Book a call today and let us manage your financial compliance with confidence.
