The business structure allows an individual to create a business as a separate entity. They are legally distinct entities with their own assets, profits and liabilities. The owners of a company are protected by ‘limited liability’. The company started trading on the British market since 2016-07-25. Ltd. is an abbreviation for "limited," a type of incorporation used in the United Kingdom, Ireland, Canada and other Commonwealth countries. The personal finances of any shareholders are protected by limited liability (ie their liabilities are limited to the value of their shares). How Much Tax Does a Limited Company Pay in the UK? It allows the owner to and any other shareholder to only risk their investment and keep their personal finances protected. In the UK, this is a one of the most common set-ups for small businesses. It is completely separate from its owners, it can enter into contracts in its own name, and it is responsible for its own actions, finances, and liabilities. Browse: Running a limited company A to Z. Company registration number 10294491, It’s main line of business activity is Retail sale of clothing in specialised stores and the company … Here’s a look … GOVERNMENT UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity "Running a limited company… A limited company is one of the three business structures used in the UK. Public limited companies (PLCs) can raise capital by offering shares to the general public. A limited company is a type of business structure that has been incorporated at Companies House as a legal ‘person’. ... Gov.uk. Dividend tax free allowance As of April 2018, the dividend allowance was reduced from £5000 to £2000. Private limited companies cannot offer shares to the general public. Registering your business as a limited company can reduce your tax liability and save you money. This means that as a shareholder, you can draw down £2000 in dividends before they are subject to income tax. The liability for company debts is limited to each shareholder’s value of their shares. Most new companies registered in the UK are Private Limited Companies limited by shares. ARABELLA GRACE LIMITED is a Private limited with Share Capital company based in 50 SKIPPER WAY, LITTLE PAXTON, CAMBRIDGESHIRE LITTLE PAXTON, United Kingdom, which employs 1 people. Yes, all limited companies based in the UK have to pay Corporation Tax on their profits, including personal service companies. 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