Launching a limited company in the UK is an exciting step towards building your business empire, whether you’re in London or halfway across the globe. But once your company is registered with Companies House, what expenses should you expect to keep it running smoothly? From taxes to compliance filings, understanding these costs is key to staying profitable and compliant. With FormationsHunt’s affordable packages (starting at £52.99) and 24/7 support, we make managing these expenses a breeze. Here’s a clear guide to the essential costs after You Establish A Company In UK, plus how FormationsHunt helps you save time and money.
Initial Setup Costs: Beyond Formation
After registering your limited company with Companies House, you’ll face some immediate expenses to establish your business:
- Registered Office Address: Having a UK address is a legal requirement for company registration. Using your home address risks privacy, so FormationsHunt offers a prestigious London address (£39.99/year) after the first 12 months free period is over included with many packages like Privacy Package, Professional, All Inclusive, Non Residents, and Eseller) to keep your details private and boost credibility.
- Director service address : Company officers’ residential address remains private and each officer gets their letters or communication individually keeping things private and confidential.
- Business Bank Account: Essential for separating personal and business finances. Our packages include free accounts with partners like Worldfirst or Barclays Business Account, avoiding setup fees that other providers charge.
- Domain and Website: A professional online presence is vital. Our free .co.uk domain (included in all packages) saves you £10-£20 for the first year, with optional Business Web Design free with our all inclusive package.
- Our Online Company Manager : Allows you to make certain changes in your company free of cost giving you access to all your company documents and filing details until you keep running your business.
Ongoing Compliance Costs: Staying on Top with Companies House
Running a limited company means regular Companies House filings to stay compliant:
- Confirmation Statement: An annual filing (£54.99) to confirm your company details (e.g., director, shareholders, SIC codes). FormationsHunt’s Non-resident (£169.99) and All Inclusive (£189.99) packages include your first Confirmation Statement filing with government fee, saving you time.
Tax Obligations: Corporation Tax, VAT, and More
Taxes are a major expense for a limited company, but FormationsHunt simplifies compliance:
- Corporation Tax: You’ll pay 19-25% (2025 rates) on profits, filed annually with HMRC. We file your corporation tax for small companies at a one time cost of £350-£450 every year and monthly/quarterly VAT filings for £29/month. You can also opt for our all inclusive accountancy services breaking it into small monthly installments for (£65/month) which also includes PAYE filings and more.
Unlike competitors’ pricey or confusing compliance services, our pre-submission reviews and 24/7 support ensure error-free software filing, keeping costs low with timely submissions via Government Gateway Log In.
- VAT Registration: If your turnover exceeds £90,000, VAT registration is mandatory (£39.99). Quarterly VAT filings (£29/month with FormationsHunt) keep you compliant. Our All Inclusive (£189.99) and Non Residents (£169.99) packages include VAT setup, unlike Companies House’s basic services.
- PAYE: If you hire employees, PAYE registration covers income tax and National Insurance Contributions.
Our Online Company Manager lets you track tax deadlines, avoiding penalties that competitors’ clients face due to vague guidance.
Accountancy and Bookkeeping Costs
Accurate bookkeeping is crucial for a limited company. Hiring an accountant can cost £500-£2,000/year, depending on complexity. FormationsHunt’s accountancy services are a game-changer:
- Full Accountancy (£65/month): Covers Corporation Tax, VAT, PAYE, and bookkeeping, saving you thousands compared to traditional firms.
- Annual Accounts (£300-£450): We prepare and file these affordably, ensuring compliance with the HMRC.
- Self-Assessment for Directors: As a director, you may need to file a Self-Assessment Tax Return via Government Gateway Log In. Our support guides you, avoiding HMRC fines.
Unlike others’ costly or limited accounting options, our 24/7 customer support executives make financial management effortless.
Additional Operational Expenses
Beyond compliance, your limited company may incur:
- Health and Safety: Basic compliance (e.g., risk assessments) may cost £50-£200 for small businesses. FormationsHunt’s GDPR Compliance Package (£39)+Data protection registration(£108) ensures data protection, a legal must.
- Marketing and Branding: Optional Business Logo Design (£49) or Web Design (£49.99/month) for 6 months from FormationsHunt boosts your brand affordably, unlike any other’ expensive add-ons.
- Our Non Residents Package (£169.99) includes worldwide document delivery and a WorldFirst account, saving non-residents on international fees.
How FormationsHunt Saves You Money
We transform limited company management into a cost-effective, stress-free journey, offering everything you need under one roof to keep your business soaring. Our all-in-one solutions minimize expenses while maximizing value:
- Affordable Packages: From Privacy (£69.99) to All Inclusive (£189.99), our packages include free perks like Confirmation Statement filing, VAT registration, and a prestigious London registered office address (free for 12 months in Privacy, Professional, All Inclusive, Non Residents, and Eseller packages), unlike Companies House’s bare-bones £50 fee with no support.
- Comprehensive Company Secretary Services: Our expert team handles filings, compliance, and record-keeping (included in All Inclusive and Non-Residents packages), saving you hours and costly errors.
- Business Telephone Service: You can gain a professional UK presence with our free 1-month call answering and business number with (Professional, All Inclusive), perfect for building trust with global clients.
- Free Tools for Growth: Our Online Company Manager securely stores your documents for lifetime access, while our free .co.uk domain (all packages) saves £10-£20 for the first year on setup costs.
- Personalized Guidance with Instant Replies: Our 24/7 via phone (020 3002 0032), email, WhatsApp, or live chat provides tailored advice in real-time, outshining competitors’ slow, generic responses.
With more than thousands of successful formations, we ensure your limited company thrives affordably, with every tool and service under one trusted roof, making Company Registration In The UK seamless and budget-friendly.
Conclusion
Running a limited company in the UK involves expenses like Corporation Tax, Confirmation Statement filings, and operational costs, but FormationsHunt makes it affordable and stress-free. Our address inclusive packages, accountancy services (£65/month),free domain registration and 24/7 customer support keep your finances in check. Launch and manage your limited company with confidence—visit FormationsHunt today to save on costs and focus on growth!
