Company establishment in UK

registering a limited company in UK is a straightforward thing.
the best thing you can do is to hire acoountant and he will do everything for you. It will cost you under £100 for registering a company.

you can find more info on companies house website
Companies House

and also here

The minimum requirements for a UK Limited Company formation and registration

Last one I did was through an accountant but there are also plenty of online services that will do this for you.

A quick Google for online company formation gave one site that would do a basic registration for £16.99 (digital only, 4 hour turnaround) or if you wanted a paper copy around double that.

Setting up a limited company in the UK is very simple. You need to register your proposed company name with Companies House, which costs, I believe, £14. In return you will be given a company registration number and a company formation certificate.

The process is very easy, but you can get third parties to do all the paperwork for you. My company cost a grand total of £50 to set up, but there are agents who will do it for less. Just Google "UK limited company formation".

The official place to go for information is Companies House

As a Ltd company you then have to have accounts prepared by an accountant each year and filed at Companies House before the annual deadline (there are penalties for failing to file on time). An accountant will likely cost you between £500 and £1200 (plus VAT) per year depending on the complexity of your business and whether you need to be VAT registered.

Limited companies pay corporation tax on their profits, which is currently 20% on profits below £300,000. Tax is payable in arrears (unlike income tax for Sole Traders, which is payable in advance) so it is the responsibilty of the company director to set aside money for tax in a separate bank account.

Directors of the company can be paid salary and/or dividends. If the salary paid to an individual director is below the current personal allowance threshold no income tax is payable as directors' dividends are not subject to income tax.

Your accountant will advise on this.

Martin

I got a formation company to do the paperwork for mine - cost was about £75 I think.

Or go to WH Smith and you can buy the forms and do it yourself.

You need no money to start a Limited Company. It costs £15 a year to file the annual return, and you need to submit accounts to HMRC.

There's no legal requirement for an accountant/auditor unless you're in certain types of industry. I've done my own accounts for 10 years.

Thank you guys a lot for your answers! Very much appreciated.

Another question thought, how hard is it to get a bank account for a company? I mean does it have to be separate from personal ? Cheers!

Thanks a lot for your answers, this is a lot of help for me

Very much appreciated!

Best regards!

I have 2 Ltd UK companies, I believe it was £19 each to set them up at Companies House. And like Martin mentions above, you have to submit an annual return to Companies House and your accounts to HMRC who sort out what tax you owe. This is done online.

I pay myself a basic weekly wage and then write myself a cheque every 2 months or so with my dividends (profits). When you open a UK bank account they will want to see your company registration certificate and maybe a small business plan but its all pretty straight forward.