Year-end deadlines, director duties, tax efficiency and the common mistakes we see every week. Plain English, no jargon.
Director guide
Becoming a limited company director comes with responsibilities that most people don't realise when they incorporate. Statutory deadlines, personal liability, director duties under the Companies Act 2006, and a stack of HMRC interactions most sole traders never dealt with.
This guide is a plain-English overview of what actually matters. We've based it on the questions we answer most often from new limited company directors in the East Midlands.
Key things to know
Everything is included in your fixed monthly fee. No extras, no surprises.
Sound familiar?
If any of these ring true, you're not getting what you should be.
Common questions
The Companies Act 2006 sets out seven duties: act within powers, promote the success of the company, exercise independent judgement, exercise reasonable care, avoid conflicts of interest, don't accept benefits from third parties, and declare interest in transactions. These aren't just guidance — they're enforceable, with real consequences for breaches.
Dividends can only be paid from profits. Practically, most directors take monthly or quarterly dividends, provided there's enough profit to cover them. We'll set up a simple dividend register and board resolution template so it's done properly.
Mixing personal and business money. Using the business card for groceries, paying personal bills from the business account, taking cash without recording it. It creates a director's loan account mess that's painful to unpick later.
Free, no-obligation quote. Fixed monthly fee. No surprises.
Just a proper conversation about your business.
Barton Accountancy Limited · ICAEW Chartered Accountants · Ashby-de-la-Zouch, Leicestershire · Swadlincote, Derbyshire · 01530 886296 · 01283 208613 · hello@bartonaccountancy.co.uk