Limited Company Services

Xcelentra is a leading financial services provider and its cutting edge and end to end solutions make it extremely easy for you to run your own business.

Xcelentra provides each of its clients with a dedicated account manager in order to efficiently and effectively handle their records and their queries, if any.

This ensures that our clients achieve the maximum possible productivity while firmly remaining in the driving seat and thus, getting full control over their finances.

Benefits of operating your own Limited Company

There are many important advantages of operating your own limited company. With Xcelentra’s services, you can benefit from these advantages and watch your earnings and your business grow rapidly. Some of the key advantages of operating your own limited company are:

Higher Take Home Pay

Operating your own limited company can immediately enhance your take home pay. With Xcelentra’s assistance, you'll typically take home around 75% - 80% of your contract wage by working through your own limited company. You can easily take home as much as £1,000 extra per month on a £250 daily rate, compared with using an umbrella company.

Claim on a Wider Range of Expenses

When you operate your own limited company, anything solely classed as a business cost can be claimed back on expenses. Thus, trading through a limited company means that you can claim on a wider range of expenses, such as accountancy fees, equipment, software, phones, travel, internet, etc.

Benefit from the Flat Rate VAT Scheme

For a limited company, the Flat Rate VAT scheme can generate thousands of pounds of extra profit per annum. Thus, most contractors choose to avail of this VAT scheme.

Complete Control of Your Business

With a limited company, you have complete control of your financial affairs. You do not have to risk your money with any third party administrator or umbrella company.

Personal Assets Are Protected

In case of a non-limited business, personal assets can be at risk if the business fails. But, a limited company does not have this disadvantage. As a shareholder, you cannot be held personally liable for the debts of a limited company. Thus, your personal assets are not at risk in case the business fails.

Ease of Use

Xcelentra is an end to end financial service provider. Thus, we will take over all the operational aspects of your limited company, from maintaining your books of account to all tax and statutory filings. You only need to periodically provide relevant information to us in standardised spreadsheets. This information will be used for preparing your books of account and your filings. We will provide you dedicated assistance through email and phone and hand hold you till you are used to our standardised formats.

Greater Opportunity for Tax Planning than PAYE Umbrella

Working through your own limited company is more financially rewarding. This easily compensates for the extra responsibilities and loss of full time employment benefit that result from operating through a limited company.

Limited Company Enhances Credibility

Operating as a limited company often gives suppliers and customers a sense of confidence in a business. Quite often, other companies prefer not to deal with non-limited businesses.

Protection of Your Company Name

Operating as a limited company often gives suppliers and customers a sense of confidence in a business. Quite often, other companies prefer not to deal with non-limited businesses.

Freedom to Expand Your Operations

Operating your own limited company gives you the freedom and flexibility to add new businesses and work on multiple contracts without any restrictions.

These are some of the important advantages of operating your own limited company.

Limited Company Formation

Xcelentra will assist you fully in setting up your own Limited Company, will do all the necessary registrations, and will also help you in day to day operations. Thus, Xcelentra will help you with many important one time activities. These activities include:

Limited Company Formation with your chosen company name
Advice on the best holding pattern for shares in your new company
Company registration with relevant authorities for PAYE and corporation tax
Company registration for VAT, if applicable
Opening your company bank account

Assistance with key operational tasks

Xcelentra will provide you with end to end assistance, which will help you tackle many important operational tasks. Some of Xcelentra’s services include:

A dedicated account manager for your company
Providing comprehensive spreadsheets to help with recording of trading activities and management controls of the company
Preparation of weekly/monthly pay slips for one fee-earning director
Book keeping – managing and maintaining the books of account of the limited company
Preparation of quarterly VAT returns
Advice on joining the VAT Flat Rate Scheme
Dividend planning and administration
Attention to detail and dealing with all correspondence with relevant authorities
Preparation of annual PAYE returns (P35, P14, P111d)
Preparation and submission of annual accounts
Preparation and submission of corporation tax computations and corporation tax returns (CT600)
Dedicated accountants for filing your Annual Return (AR01) with relevant authorities
Preparation of the self-assessment tax return for the director, when their income is derived mainly from their limited company

The Xcelentra Factor

Xcelentra is a leading financial services provider and Xcelentra brings many key benefits for you. Some of the most important benefits are:

Full ownership of bookkeeping – you only need to share monthly time sheets and expense claim statements
Very low fixed monthly fees, with no hidden costs
On call help and assistance

Limited Company Services

Xcelentra is a leading financial services provider and its expertise and experience extends to providing payment services for both Employee expense..

Xcelentra is an end to end service provider and it has well-structured processes to take care of your entire bookkeeping activity. This frees up your bandwidth for more..