Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Audit and Independent Examinations services in Calderdale


Many businesses are legally required to undergo an external, independent examination, such as an audit, and to report on all or part of their accounts.

This applies to companies with turnover, assets or workforce above certain thresholds, although many businesses below those thresholds also find the process valuable.

We want to make your audit a positive experience and go beyond simply reporting on your accounts – and because we get to know our clients, our audits are reinforced by our understanding of your business and the sector in which you operate.

We’ll use your audit to identify areas of your business that can be improved or made more efficient, including your financial controls and management systems. Our approach will give you the detailed data you need for effective decision-making and to shape your strategy for moving your business forward.

We have years of experience in audit work and are registered auditors, authorised and monitored by the Institute of Chartered Accountants in England and Wales in our conduct of limited company audits.

Many other organisations also require audit work to be carried out by registered auditors, even if their accounts themselves do not require it, including solicitors who hold clients’ monies or operate controlled trusts.

If you are part of a voluntary organisation that provides services under a service contract to a local or other government body, you may be required to undergo an audit. We have wide-ranging experience in this type of audit and can often advise on ways to improve accounting systems.

Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number: 1365538.

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

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Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

"We provide proactive and timely advice, based on an in-depth knowledge of our clients and their businesses."

Nick Frost, Director

"Accurate and timely information is essential for business owners and enables them to make the right decisions."

Sam Mitchell, Director

 
 

Latest News

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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