Company Formation
Starting a business is an exciting venture, but managing the complexities of company formation can be challenging. At FSL Accountancy Limited, we are here to simplify the process for you, ensuring your business is set up correctly from the start.

What is Company Formation?
Company formation is the process of legally establishing a business as a separate legal entity. This involves registering your company with Companies House, obtaining the necessary documentation, and ensuring compliance with regulatory requirements.
Initial Setup & Registration
Documentation & Governance
Ongoing Support & Compliance
Benefits of Company Formation
Company formation provides numerous benefits including:
Limited Liability
Professional credibility
Tax efficiency
Access to funding
Responsibilities on becoming a director of a limited company
As a director of a UK limited company, you must fulfill several key legal obligations to maintain compliance:
Company Records & Documentation
- Maintain accurate records of directors, shareholders, and company details
- Keep records available for inspection when required
Regular Filings & Updates
- Submit annual accounts within 9 months of year-end
- File annual confirmation statement
- Report company changes within 14 days
Financial Management
- Ensure financial statements meet accounting standards
- Submit accurate tax returns to HMRC
- Pay correct corporation tax on time
Legal Compliance
- Meet all statutory deadlines
- Avoid penalties and personal liability
- Maintain company's good standing
Failure to comply can result in fines, penalties, or even having the company struck off. Directors can be personally liable for non-compliance.
Contact Us
Contact us today to start your journey towards successful company formation and set your business on the path to growth and success! Our team of Ltd company accountants and business accountants is ready to assist you.