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About us
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I have many exciting out of office interests! They include playing and following football (especially Arsenal FC), music (especially 'The Boss' Bruce Springsteen), and most sports & food/drink. I enjoy travelling - sometimes on the back of my husbands motorbike, love horses and I can now hoola hoop!
Freelancer
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This is the simplest way of running a business. No formal accounts are required for each trading year, and the taxation is relatively simple if you get the correct advice - you pay tax based on the profits that you make in the tax year. You will, however, be personally responsible for all trading debts and obligations.
Startup
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Businesses that fall into this category are usually bigger than sole traders, and often involve more people (although this is not always the case). Private limited companies and Limited Liability Partnerships [LLPS] prepare formal structured accounts that have set formats and disclosures. These are filed on public record at Companies House, and for limited companies, also with HMRC.
Mature business
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Private limited companies and limited liability partnerships [LLPs] that are classified as 'non-small' under The Companies Act 2006, require not only to prepare formal statutory accounts for the shareholders/members, but also to have a statutory audit of those accounts. These companies must prepare their statutory accounts in line with the full provisions of Accounting Standard FRS 102.
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