Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Halifax Wireform Co. Limited


Go into any supermarket in the UK, and you’ll almost certainly see a product made by Halifax Wireform – not for sale, but displaying the goods that are.

The family business, which began life more than half a century ago, in 1952, manufactures wire, tube and sheet metal goods, with a particular specialism in bespoke supermarket shelving and display equipment for fast-moving consumer goods. They are now major manufacturing sub-contractors to the shop fitting and display industries

Director Andrew Morley has been with the family business, started by his father and uncle, since leaving school over 40 years ago, and Lambert Roper & Horsfield have acted as Wireform’s accountants, auditors and financial advisors for most of that time.

He says: “I remember David coming to Wireform in the early days with his dad, Keith Roper, to present the annual accounts and work with us whilst we were evolving our costing systems and other financial aspects of the company. This was when I was learning the ropes from my own father and uncle.”

Over the years, Halifax Wireform has grown to a substantial company, employing up to 70 people and with the in-house capacity to deal with day to day financial issues, such as invoicing, payroll, tax and VAT, monthly management accounts and pension administration.

Lambert Roper & Horsfield carry out the company’s audit and annual accounts and although formal meetings take place only a couple of times a year, Andrew says: “They are always on the end of the phone when we need advice.

“We have always been fairly cautious in the way we do business but if we are thinking of committing ourselves to any substantial capital expenditure, we would always ask David to take an overview and give us his opinion.

“The beauty of knowing our company inside out is that they see the bigger picture, including personal finance issues. For example, they have arranged pensions for our directors and some of our managerial staff and they have been able to guide us through complex tax issues, relating to dividends, inheritance tax planning, wills and vehicle tax and finance.

“Although circumstances have not yet dictated this, we know there are even more complex and specialist areas which Lamberts can bring to the table, should the need arise.

“And it’s equally reassuring that Lambert Roper & Horsfield are a very well-respected and reputable firm. As their client, that gives us a quality stamp that stands us in good stead with people like the tax or VAT authorities.

“We envisage no circumstances which would cause us to even consider looking to move to another accountancy practice.”

To find out more about how we can help you, please contact LRH accountants in Halifax.

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Is 2025 your year to incorporate? Here are our top tips

January 16th, 2025

Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies.

The advantages of limited companies include limited personal liability, mitigated taxation and greater exposure to investment opportunities.

To help you start your journey towards limited company status, here are our top tips:

Research

Taking the first steps towards incorporation should not be taken lightly. Whilst it limits liability if things go wrong, it does come with some strict compliance requirements in regard to regular reporting to Companies House, which you need to prepare for.

Paying yourself

As a director, you can pay yourself via salary, dividends, or both to maximise your take-home pay.

The most efficient approach is often to pay yourself a lower salary, so you are not liable for Income Tax or National Insurance Contributions (NICs), but still contribute enough towards your state pension, and take the rest as dividends, which is subject to a lower tax rate.

Be aware that it may not always be possible to pay a dividend if your profits aren’t sufficient.

Structuring your company

When considering the distribution and management of share rights in a limited company, several key aspects must be carefully planned and managed. You will need to define how dividends are paid, voting rights and share structure.

At this stage, you may also need to discuss a future exit, including transfer, drag-along and tag-along rights.

As part of this process, you will need to address how the shares and shareholder rights align with the company’s Articles of Association.

Open a business bank account

Open a separate bank account for your business as soon as possible. Some founders make the mistake of thinking they can mix personal and business finances at the beginning, but it makes applying for reliefs and paying taxes more complicated as you have to declare what each transaction is for and when it was made.

Treat your business like a separate entity (because it is)

If you plan to inject personal funds into your company or take money out, do it properly through a Director’s Loan Account.

Make sure to detail each transaction going in and out of the business and never take out excessive amounts of money, as this can attract attention from HM Revenue & Customs (HMRC) and lead to fines.

If you are considering incorporation, you should seek professional advice and ongoing support to reduce the potential for errors and non-compliance with Companies House regulations.

Ready to take the next step? Contact us today for expert advice on incorporating your business.

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