Limited Company Accounts · North West
Limited company accounts in Somerville
Limited company accounts for businesses in Somerville, prepared online from the records you send and filed with Companies House and HMRC once you have approved every figure. The fee is fixed for the year and published on this page, the same in Somerville as in any other part of England, with no hourly extras.
from £299 · fixed, per year
Next deadlines
- Company tax return (CT600) due 12 months after your year end (a 31 December year end files by 31 December)
- Confirmation statement due within 14 days of your review date, at least once every 12 months
- Companies House accounts due 9 months after your year end (a 31 December year end files by 30 September)
- Corporation Tax payment, 9 months and 1 day after your year end (a 31 December year end pays by 1 October)
Who this is for
Limited Company Accounts for Somerville
Owner-managed limited companies in Somerville of every kind: contractors and consultants trading through a company, trades and retail businesses, property companies, family firms with a handful of staff, and dormant companies that still owe Companies House a filing. If your company is small enough to file micro-entity or small company accounts, this is the service for you.
What is included
Everything inside the fixed fee
- Statutory accounts in the correct format (micro-entity, small company or dormant) with the notes Companies House requires
- Corporation Tax computation and CT600 return, including capital allowances and loss relief claims
- iXBRL tagging and electronic filing with both Companies House and HMRC
- A director's summary of profit, tax due, retained reserves and how much can safely be taken as dividends
- Director's loan account review and section 455 tax check
- Companies House and HMRC deadline tracking with reminders before each date
How it works
Limited Company Accounts from Somerville, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
Why Somerville businesses file with IGI
No hourly rate and no surprise invoice. Somerville clients know the fee for limited company accounts before they send a single document, and it stays fixed.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Somerville get reminders at 60, 30 and 7 days before each date that applies to limited company accounts.
Online only, UK based. There is no office in Somerville to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
Continuity matters in limited company accounts: the person who prepared last year's work for your Somerville business prepares this year's, and remembers what was agreed.
Plain English, with the numbers. Every draft for Somerville comes with a short explanation of what the figures mean and what, if anything, you should do about them.
You stay in control of limited company accounts: drafts go to Somerville clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Somerville
Somerville is in North West, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Birkenhead Park | 0.6 mi | S |
| Seacombe | 0.6 mi | E |
| Birkenhead St. Anne | 0.7 mi | SE |
| Oakdale, Wirral | 0.8 mi | E |
| Bidston Moss | 0.9 mi | NW |
| St. Anne, Birkenhead | 0.9 mi | SE |
| Flaybrick Hill | 1.0 mi | SW |
| Liscard | 1 mi | N |
Worth knowing
Rules that come up in this work
Director's loan accounts
A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.
The Self Assessment calendar
Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.
Switching accountants
The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.
Payments on account
A common surprise in Self Assessment is the January payment that is far larger than expected. That is the balancing payment for the year just ended plus the first payment on account for the year ahead, which HMRC sets at half of the bill just calculated. We put the figure in your hands months ahead and tell you how to adjust it legitimately when circumstances change.
Closing a company
Striking off a company is cheap but must be done in order: stop trading, file the final accounts and CT600, pay the tax, close VAT and PAYE, distribute the remaining assets, close the bank account, then apply. Anything left in the company at dissolution passes to the Crown. Distributions up to £25,000 are taxed as capital gains; above that a formal liquidation is usually needed to keep capital treatment.
Late filing penalties
Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.
Dormant companies
Companies formed to protect a name or hold a future business are dormant but not exempt: Companies House still expects dormant accounts within nine months of the year end and a confirmation statement annually with its £50 fee, and HMRC must be told the company is dormant or it will demand Corporation Tax returns. The filings are short, but the penalties for missing them are the same as for a trading company.
Questions
Limited Company Accounts questions from Somerville
What rate of Corporation Tax will my company pay?
Profits up to £50,000 are taxed at the 19% small profits rate, profits over £250,000 at the 25% main rate, with marginal relief in between so the effective rate rises gradually. The thresholds are divided by the number of associated companies, which catches directors who own more than one company.
What if my year end is awkward or I want to change it?
You can shorten your accounting period as often as you like and extend it once every five years, by filing form AA01 with Companies House. Extending a period can push the first filing deadline back. We advise on this before the first year end if it helps, at no extra charge.
Does the fee include Corporation Tax?
Yes. Both the £299 micro-entity and £449 small company packages include the Corporation Tax computation, the CT600 and electronic filing with HMRC. The standalone CT600 at £199 is for companies whose accounts are prepared elsewhere.
Can you include my personal tax return?
The £389 bundle covers micro-entity accounts, the CT600 and the director's Self Assessment return together. It is cheaper than buying them separately and ensures the dividends and salary on the personal return match the company's records exactly.
How do dividends work and how much can I take?
Dividends can only be paid from accumulated profits after Corporation Tax. We calculate the distributable reserves in your accounts and tell you the figure. Dividends need a board minute and a voucher each time; we provide templates. The personal tax on dividends depends on your other income, and the planning review covers that.
What is a director's loan account and why does it matter?
It records money moving between you and the company that is not salary or dividend. If you owe the company money at the year end and have not repaid it within nine months, the company pays 35.75% section 455 tax on the balance, refundable later. We review the account before finalising and tell you the options.
Which deadlines matter most for limited company accounts?
The next four dates that apply to limited company accounts are shown at the top of this page, calculated from today. For Somerville clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
How do I get started from Somerville?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for limited company accounts. Once you confirm, we tell you exactly which records to send and the work begins. Most Somerville clients are set up within a day.
Ready to fix your fee in Somerville?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.