Help Guide- FAQs
Who can be a Director?
Anyone over the age of 18 can be a Director as long as they are not an undischarged bankrupt or disqualified by a Court from being a Company Director.
Do we need to complete any paperwork?
No. As we have the ability to incorporate Companies electronically no paperwork or signatures are needed from you. (We obtain your details via your online instruction or alternatively by fax or postal application).
Do you offer Registered Office facilities?
Yes, we can provide you with our Birmingham address as your Registered Office for an annual fee.
As our Company Secretary do you have access to our bank account?
No. We are your nominee Company Secretary and as such do not have access to your account.
Do you offer V.A.T. registration?
Yes, we can apply for V.A.T. registration on your behalf which will speed up the process.
What about taxation?
A Limited Company enjoys more favourable tax concessions than either a Sole Trader or Partnership. It is subject to tax but profits are not normally subject to higher rates of personal tax. Directors pay tax but they are entitled to claim all the normal personal allowances against income. Dividend payments can be made by a Limited Company to the Shareholders.
Do I need to register for VAT?
You must register for VAT if your business turns over £67,000. You can also register for VAT if you expect your turnover to exceed this figure. You may also voluntarily register for VAT even if you anticipated turnover is less than £67,000.
What identification is required for a Bank Account?
Listed below are items that are required. These must be original and will be shown to the bank in person. Banks do change their policy from time to time and therefore we suggest you also phone the bank to clarify matters before attending your appointment or sending any identification.
Current valid full Passport (UK or EEC, not a visitor's passport)
Recent original Building Society / Bank Statement or Current UK full (not provisional) signed Driving Licence and a Current Utility Bill.
How can I pay for your services?
We accept any of the following methods:
Credit or Debit Card
Cheque - payable to New Company Associates Limited
Postal Order
Cash (please send by recorded post or pay into the following account):
Bank: Lloyds TSB Bank
Sort Code: 30-97-78
Account No: 01112705
Account Name: New Company Associates Limited
All payments should be sent to:
New Company Associates Limited
54 Charlbury Crescent
Yardley
BIRMINGHAM
B26 2LL
What happens once my company is registered?
There are a few things you must consider once your company is formed. Firstly you should have secured your company domain name. If not you should register the best name available without delay. This will enable you to set up a professional email and secure your web site address for the future. Secondly you should be looking to organise your printing material for your new company.Your letterhead must include your company number and registered office address.All invoices must include your VAT number if you are registered. Finally you should be seeking the services of an accountant ideally this should be somebody who is familiar with your business or market sector.Remember to shop around as there can be a big difference in the fees you could be expected to pay.We are happy to advise and refer you an Accountant if required to do so.
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