- 9105 Access House, 141 Morden Road, Mitcham, CR4 4DG
- Mail: info@bnwaccountants.co.uk
- Unit 9105, 141 Access House, Modern Road, Mitcham,
- 0208 648 0800
- info@bnwaccountants.co.uk
Accountants For Limited Company Accountancy From £30 Per Month
BNW accountants are experienced accountants for limited company starting from £30 per month only. All of our accounting services are MTD-compliant and are completed electronically as required by HMRC.
Our Detailed Limited Company Accountancy Service offers a complete preparation of your Company’s Accounts and complete your Corporation Tax Returns together with your VAT Returns and also complete your Self Assessment tax return for you. All of our accounting services for Limited Companies are provided on a fixed fee price plans.
What Accounting Services We Offer
Running your limited company means juggling countless responsibilities. We take care of your financial obligations so you can focus on what matters most - growing your business and serving your clients.
Bookkeeping
Accurate records form the foundation of regulatory compliance. We maintain detailed financial records and prepare your financial statements according to the appropriate standards - whether FRS 102, FRS 101, or IFRS. These documents give you clear insights into your company's financial health and performance trends.
Annual Accounts
Your year-end accounts include your Profit and Loss Account, Balance Sheet, and supplementary notes. We prepare statutory accounts that meet all legal requirements and filing deadlines. This attention to detail helps you avoid Companies House penalties that range from £150 to £1,500 for late submissions.
Monthly Payroll
Whether you're paying yourself as a director or managing employees, payroll compliance can be complex. We set up your payroll system and handle all ongoing requirements. This includes calculating gross and net pay, processing tax and pension deductions, and managing statutory payments like sick pay and maternity pay. You'll receive professional payslips, and we submit all Full Payment Submissions to HMRC while ensuring compliance with National Minimum Wage legislation.
Corporation Tax
Your company's Corporation Tax doesn't have to be a source of stress. We handle everything from registering your business with HMRC to calculating your final tax liability. Our team works through your trading activities, investments, and chargeable gains to ensure you pay exactly what you owe - no more, no less. We actively look for allowable business expenses and tax reliefs that reduce your liability. You'll receive timely reminders for Corporation Tax payments, helping you avoid unnecessary penalties.
HMRC Correspondence
We manage all your regulatory correspondence, keeping authorities informed about key changes to your company - new directors, address updates, or share structure modifications. Every submission meets its deadline, protecting you from penalties and maintaining your company's good standing with regulatory bodies. Your dedicated accountant coordinates all these services, ensuring nothing falls through the cracks while you concentrate on running your business successfully.
VAT
VAT deadlines arrive every three months, typically one calendar month and seven days after each accounting period. We ensure your returns are fully Making Tax Digital compliant and represent you if HMRC has any queries. Our regular VAT position reviews make sure you're on the most beneficial scheme for your business. We also help you reclaim VAT on eligible business purchases, improving your cash flow throughout the year.
Why use our firm for your Limited Company Accounting?
Hiring professional limited company accountants provides expert financial management, tax planning and legal compliance. Our accountants handle everything from company setup to financial management and relieve you of the accounting burden. You can concentrate on what matters most: growing your business. Your finances are being expertly managed, which gives you confidence.
Our in-depth knowledge optimizes your tax strategies. This minimizes your corporation tax liability and boosts your overall tax efficiency. We ensure compliance with HMRC and Companies House and help you steer clear of penalties and legal issues. Our accurate financial reporting substantially reduces the risk of HMRC tax investigations.
We help with strategic financial planning beyond compliance. We set realistic goals, monitor cash flow and provide expert financial advice tailored to your business needs. With our firm, you get a dedicated accountant who understands the unique challenges that limited company directors face. Our fixed fee accountancy services offer transparency and consistency. You can budget without unexpected costs. Professional indemnity insurance protects you if issues arise from our work and provides peace of mind.
- Preparation of Companies House Confirmation Statements
- Tax planning advice to help maximise tax efficiency
- Quarterly review of your bookkeeping data
- Preparation & Submission of Financial Statements
- Preparation & Submission of Corporation Tax Return
- Preparation & Submission of Payroll
- Reminder services for all deadlines and payments
- Preparation of Self-Assessment Tax Return
- Standard employment status references
- Company Formation service
- Registered Office address service
- Unlimited support and advice via email, telephone, video call and meetings
We Help Businesses Grow While Being Tax Efficient
Record keeping alone is not enough to grow your business. Identify trends for growth, and highlight potential problems before they become a large issue is also very important. Our accountants will understand your numbers inside and out, and provide you with strategic advice regarding such things as capital expenditure, market expansion, and resource management. At LTD Accounting, we take the time to understand our clients, their business, their vision, values and challenges.
We build long-term relationships with our clients by spending quality time with them and really understanding their vision, values and challenges. We work as an additional team member on an advisory basis in a personable, strategic and tailored manner. Our advisory style of work is key to ensuring we are working to the goals of the client to ensure their continued growth and success.
Want To Switch?
Switching accountants for your limited company follows a standardized process that completes within 3-4 weeks for straightforward businesses. You can change accountants at any time during the year without waiting for year-end. Professional firms coordinate to ensure no gaps in service.
STEP
01
Choose Your New Accountancy Package
First, we discuss your specific needs, current turnover, and which services your business requires. You select the package that fits your limited company accounting requirements. Once you authorize us to proceed, we begin the clearance process that accounting regulatory bodies require.
STEP
02
We Contact Your Previous Accountant
We request clearance from your previous accountant and confirm no reasons prevent us from accepting your appointment. They must respond within 28 days. This isn't confrontational. All UK accountants expect these requests as standard practice. We request document transfer at the same time.
STEP
03
HMRC Authorization and Software Setup
We establish HMRC authorization that allows us to act as your agent at this stage. Bank feed connections and accounting software access get configured during this period. Payroll migration happens here if applicable and ensures uninterrupted continuation.
STEP
04
Final Onboarding To Services
The handover process ensures continuous service. We coordinate timing with your previous accountant and confirm what they'll complete and where we'll take over. This prevents any gaps in your accounting timeline and maintains compliance throughout the transition.
MTD: Making Tax Digital for Limited Companies
All VAT registered limited companies are required to keep their digital records and complete their VAT returns through approved VAT accounting software. This policy apllies on all VAT registered companies, regardless of size or annual turnover are required to maintain their records digitally and submit online using approved software. All the records such as all sales and purchases are recorded digitally along with the relevant VAT rates and amounts and submitted on-line to HMRC through approved software. Paper submissions of returns via the old online VAT service are no longer permitted.
- MTD-Compatible Software and Systems
- We Do Digital Tax Submissions
- We Handly Compliant Record-Keeping
The choice of software is key to your compliance with HMRC’s reporting requirements. HMRC has approved a list of software suppliers that are currently approved for use with Making Tax Digital for Income Tax / Self Assessment. The list currently includes Xero, QuickBooks, Sage and FreeAgent. There must be appropriate digital links throughout the reporting process. This means that data must flow from your accounting records to HMRC, avoiding the need for manual re-keying of error. Although spreadsheets are not approved accounting software, there is no reason why you cannot use them to prepare the calculations and postings for your ledgers, sending the final data to HMRC via a bridging application. This would be an example of a digital link, and breaking a digital link could result in a penalty. For example, opening up your accounts package, copying and pasting the figures into another application where you complete your online submissions to HMRC. In the meantime, MTD for Corporation Tax has been put on hold, and therefore there are no plans for quarterly reporting and/or digital storage of records for Corporation Tax purposes. Also, the online filing service for filing annual accounts and Company Tax Returns will close on 31st March 2026. Thereafter, returns will need to be completed using commercial software for online submission.
We process your VAT returns for you using the relevant MTD compliant online software and ensure all the required digital links are up to date to guarantee the timely submission of your returns and avoid VAT penalties. The due date for the submission of your VAT return is 1 month and 7 days after the end of your VAT return period. Your return could be required to be submitted on a quarterly basis or even under a special scheme of taxation, whatever the nature of your company returns and your method of VAT accounting, i.e. flat rate, partially exempt or other, we can ensure your returns are completed accurately and on time to avoid errors which could occur due to ignorance of a complex aspect of your VAT returns.
Penalty amounts are increasing in 2026. Punctual filing is more critical than ever. Failure to comply with MTD rules triggers HMRC penalties, especially when improper digital record-keeping or submissions outside approved software occur. A penalty of up to £3,000 may be charged for each failure to keep or preserve adequate records, including breaks in digital links within functional compatible software. Late submission penalties follow a points-based system. Financial consequences escalate after the first late filing. We maintain your records in compliant formats year-round. This avoids last-minute scrambles that lead to missed deadlines and financial penalties.
Limited Company Accounting Tailored to Your Business
We specialize in accounting for limited companies and personal limited companies run by contractors. Everything remains simple, straightforward, and jargon-free. Our goal centers on making accounting easier whatever your business needs. Bespoke services matter because you receive custom-built account management rather than settling for generic approaches. We spend time understanding your business fully and interpret figures to suggest improvements that generate greater profits. This tailored attention gives you a clearer picture of your business's potential and long-term profitability.
Your own dedicated limited company accountant works with you and gets to know you and your company. Your business finances, tax returns, bills and invoices remain up-to-date and accurate. The package is all-inclusive, but your service gets tailored to you because we know that every contractor is unique. Our all-inclusive flexible, affordable service suits all limited companies. Smaller startups benefit from it. So do national and multinational corporations. Our small company accountants provide expert guidance on running your company with tax efficiency. You only pay where necessary.
Cloud Accounting Dashboard For Limited Companies
Daily financial visibility sits at your fingertips through cloud accounting platforms that update continuously as transactions occur. Our accounting services for limited company clients include software that transforms raw data into practical insights without waiting for monthly reports.
Live Financial Dashboard and Reporting
Interactive dashboards combine and display key financial metrics instantly. You get access to current information like cash flow, revenue, expenses, and profit margins. You can get into whether sales are dropping or expenses are spiking and make quick decisions based on actual conditions rather than outdated summaries. Customisable interfaces let you visualize financial data clearly, with drill-down capabilities answering questions like why one revenue stream outperforms another or why costs increased month-to-month. You can view data as heat maps, graphs, pie charts, or pivot tables through simple drag-and-drop controls.
Creating Invoices and Tracking Payments
You can generate professional invoices in seconds rather than the five minutes manual creation requires. The invoicing interface lets you apply discounts, charge late fees, and perform VAT calculations automatically. You can invoice in multiple currencies as the software adjusts for exchange rate changes. Payment buttons embed directly in invoices and allow customers to pay by credit card, bank transfer, or digital wallet without leaving the page. You can track invoice status live and know immediately when customers view or pay invoices. Automatic reminders chase overdue payments and eliminate awkward follow-up conversations.
Recording Business Expenses and Receipts
You can photograph receipts using your phone immediately after purchase instead of collecting paper copies. OCR technology extracts supplier name, date, amount, VAT details, and line items with 99.9% accuracy on clear receipts. The system suggests expense categories automatically and categorizes fuel as travel expenses and printer paper as office supplies. Digital receipts meet HMRC requirements when they remain legible and contain supplier details, purchase date, item descriptions, and VAT information.
Automated Bank Reconciliation and Tax Calculations
Bank data flows into accounting software automatically through secure connections and stays ready for reconciliation whenever suits you. The system suggests transaction matches and lets you reconcile bank data in a few clicks. You can set up bank rules to handle recurring transactions in a similar way each time and ensure perfect reconciliation patterns. Dashboards display cash flow insights, unpaid invoices, monthly profit, and reconciled bank balances with alerts for unreconciled items.
Whats included with our Limited Company Accounting Package
- Company incorporation and business bank account setup
- Preparation and filing of abbreviated accounts with Companies House
- Preparation and filing of full accounts with HMRC in iXBRL format
- Company tax return (CT600) preparation and filing
- VAT registration assessment and scheme selection
- Tax planning and liability assessment
- Unlimited email and telephone support throughout the year
What Cloud Software We Use For Limited Companies Accounting
We use different cloud accounting softwares, including Xero Accounting Software and freeagent. Helping businesses choose the right accounting solution for there business and industry.
XERO
We use Xero for all our online accounting needs. It is more than just an online accounting system. It is also integrated with lots of other business applications and ecommerce platforms. You can also process online payment processing via Stripe and GoCardless. For banking, Xero connects to over 21,000 banks in 190 countries.
FreeAgent
FreeAgent – Simple online accounting software for Freelancers, Contractors and Small Businesses. FreeAgent automatically builds a business account from all the bank statements, invoices and expenses you have entered throughout the year. This makes it perfect for growing teams and businesses.
Sage and QuickBooks
We can set up a Sage account or a QuickBooks account for you. Sage have recently launched an AI automated feature to Sage Accounting called ‘Copilot’ which automates many of the tasks within the package. The same can be said for the mobile apps for the QuickBooks software.
Checkout Our Great Reviews
We are trusted by hundreds of small businesses, contractors and SMEs due to best accountancy packages. Our financial modeling techniques forecast your budget and cash flows with precision and give you the foresight to plan ahead rather than react to problems. We provide the strategic guidance that helps you understand where your business stands financially, beyond technical expertise.
