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Limited Company Directors Responsibilities

If your limited company formation has taken place, as the Director, the law says you must:

  • Try to make the company a success, using your skills, experience and judgment
  • Follow the company’s rules, shown in its articles of association
  • Make decisions for the benefit of the company, not yourself
  • Tell other shareholders, if there are any if you might personally benefit from a transaction the company makes
  • Keep accurate company records and report changes to Companies House and HMRC
  • Make sure the company’s accounts are a ‘true and fair view’ of the business’ finances and are filed annually on time with Companies House and HMRC
  • Register for Self Assessment and send a personal Self Assessment tax return every year

You can appoint a professional contractor accountants/advisors, such as Orange Genie Accountancy, to undertake some of the tasks for you. For instance, we can prepare your Statutory Accounts but you retain legal responsibility for them. This means we will seek your approval of the accounts and confirmation that they can be filed before we submit them to Companies House and HMRC.

Professional advisors such as Orange Genie Accountancy can offer advice in relation to the running of your company but the decision to act or not on that advice lies with you as director. Any advice given will be based on information provided by you as a company director and it is your responsibility to ensure the information you provide is an accurate reflection of the given situation.

To find out more about setting up your limited company and how Orange Genie Accountancy could help you, please call us on 01296 468 185 or email accountancy@orangegenie.com.

Why Orange Genie Accountancy?

Orange Genie Accountancy offers fixed fee accountancy packages to contractors and freelancers. Each client has unlimited access to their own dedicated approachable and friendly accountant. All Orange Genie Accountancy accountants are specialists in the contracting market, therefore they can give you bespoke, high quality advice to ensure you are operating as tax efficiently as possible.

We never outsource any of our work and we pride ourselves in being another employee of your company, so we promise we will always keep you informed with anything that could affect you and your company. We really do love to talk to our clients as often as it suits them, whether it be face to face, over the telephone or email.

Our packages start at £75 + VAT a month for an online service. Our most popular package is £120 + VAT a month which provides you with your very own dedicated accountant as well as:

- Unlimited accountancy support
- Face to face meetings so we can get to know you and understand your contracting goals
- Proactive contact
- Access to the Freeagent Software, which is updated in real time so you can always see how your business finances are looking

- Director and employee payroll
- Annual Return
- Self-Assessment Return
- A fully compliant service so you are safe in the knowledge that you are meeting your legal obligations
- And much more... access to wealth management advice, IR35 reviews, pensions planning

If you would like to appoint Orange Genie Accountancy as your accountants please either fill out our enquiry form or give one of our friendly expert accountants a call on 01296 468 185 or email accountancy@orangegenie.com.

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If you would like to find out how Orange Genie could help you. Please fill out the form below and one of our new business team will be in touch.

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