Records you need to keep for your Limited Company

As a Company Director, maintaining proper records is crucial for compliance and financial clarity. Keeping accurate records ensures you meet legal requirements and helps in decision-making. Read on to find out what records you need to keep for your Limited Company

Records You Need to Keep for Your Limited Company

Financial Records

You must keep detailed records of income, expenses, assets, liabilities, and capital. This includes invoices, receipts, bank statements, and financial reports.

Tax Records

Maintain records related to taxes, including VAT records, PAYE records, Corporation Tax calculations, and filings.

Employment Records

Store documents related to your employees, such as contracts, payroll records, and pension contributions.

Company Registers

Keep up-to-date registers of shareholders, directors, and People with Significant Control (PSC).

Meeting Minutes

Document minutes of meetings for shareholders and directors, including resolutions passed and decisions made.

Contracts and Agreements

Safeguard copies of contracts, leases, and agreements relevant to your business operations.

Insurance Policies

Retain records of insurance policies for assets, liabilities, and professional indemnity.

Licenses and Permits

Maintain copies of licenses, permits, and certifications required for your business activities.

Intellectual Property Records

Preserve documentation related to trademarks, patents, copyrights, and other intellectual property assets.

Asset Register

Keep an inventory of company assets, including details of purchase, depreciation, and disposal.

By diligently maintaining these records, you not only fulfill your legal obligations but also gain valuable insights into your company’s financial health and performance. Regularly review and update your records to ensure accuracy and compliance. If in doubt, consult with a professional accountant to guide you through the process.

Helping you with records you need to keep for your Limited Company

Or just email us if you want our:

New Business Start-up Checklist, or;
Business Plan Template, or;
Help with
- Bookkeeping
- Software
- Accounts
- Taxes

Achieving Success with your business

If you’re just starting your new business venture or struggling with the steps to the next level contact us now.

We can help you with this and much more

Get ready for success with Moore Financial Management

We can help you with all of your compliance obligations such as:

Self Assessment Tax
Making Tax Digital
Corporation Tax
Filing Accounts
VAT
Payroll and Pensions

But also the things you really need to increase the chances of your business being a success

Management Accounts
Cashflow Reporting & Forecasting
Budgets
Real Time up to the minute information

These are the things that add value and the information you need in order to make the correct business decisions

If you’re not confident with any of this or don’t have the time, getting a licensed accountant to do it for you can actually save you money. It can free up your valuable time which you can use to concentrate on your business. You can also benefit by knowing it has been done correctly and on time.

Mistakes can be costly.

As can missing deadlines.