Running a limited company gives you more structure and opportunity, but it also brings additional responsibilities.

Annual accounts, Corporation Tax, Companies House filings, payroll, VAT, bookkeeping and director obligations can quickly become a distraction when you are already focused on running and growing your business.

Draig Accountancy provides practical, professional accountancy and tax support for owner-managed limited companies across Ammanford, Carmarthenshire and the wider UK.

Based in Penygroes, near Ammanford and Cross Hands, I work with companies locally throughout Carmarthenshire and remotely across Wales and the UK.

Whether you are forming your first company, changing accountants or running an established business, my aim is to keep your financial responsibilities organised, help you understand your numbers and give you confidence in the decisions you make.

Running a business is hard enough

Most company directors do not want to spend their evenings worrying about Corporation Tax deadlines, Companies House filings, payroll submissions or whether their records are up to date.

They want confidence that everything is being dealt with properly and that they have someone reliable to turn to when questions arise.

That is where I can help.

My role is to remove uncertainty, keep your financial responsibilities organised and give you a clearer understanding of how your business is performing.

You will always deal directly with me, Fay Hancock MAAT, so you have one point of contact who understands your business and your circumstances.

More than just year-end accounts

Good accountancy support should do more than file forms and meet deadlines.

It should help you understand your numbers, plan ahead and make better-informed decisions as your business develops.

I support limited companies with:

Annual accounts

Preparation of statutory annual accounts, together with a clear explanation of the figures and what they mean for your business.

Corporation Tax

Preparation and submission of Corporation Tax returns and guidance on the amount due and relevant payment deadlines.

Director and shareholder tax

Where a personal Self Assessment return is required, I can help directors and shareholders report salary, dividends and other income correctly.

Payroll and PAYE

Support with director and employee payroll, PAYE reporting and workplace pension requirements where relevant.

VAT

Advice on VAT registration and ongoing VAT return preparation and compliance where required.

Bookkeeping

Support with keeping accurate, organised records throughout the year so your accounts are easier to manage and your figures are more useful.

Companies House compliance

Support with annual filing requirements and key company deadlines, including confirmation statements and statutory accounts.

Accounting software

Support with Xero, Sage, QuickBooks and other suitable systems, including choosing and setting up software that suits the way your company operates.

Ongoing business support

Practical advice throughout the year, so you have someone to speak to when questions arise rather than only hearing from your accountant at year end.

Practical advice throughout the year

Your accountant should be someone you can speak to before making a decision, not just someone who prepares figures afterwards.

I can help you think through issues such as:

• salary and dividend planning
• expected Corporation Tax liabilities
• cash flow and tax reserves
• VAT registration and thresholds
• taking on employees
• purchasing equipment or making investments
• changes in company structure
• growing from a small owner-managed company into a larger business

The right approach will depend on your company and personal circumstances, so advice is always tailored rather than based on a standard formula.

Starting a limited company?

Forming a company is relatively straightforward.

Understanding whether it is the right structure for you — and what happens afterwards — is often less clear.

Common questions include:

• Should I remain a sole trader or form a limited company?
• How do I set up a company?
• What responsibilities will I have as a director?
• How should I pay myself?
• Do I need to run payroll?
• How do dividends work?
• What records do I need to keep?
• When will Corporation Tax be due?
• Do I need to register for VAT?
• What do I need to file with Companies House?

If you are considering incorporating, I can talk through the practical and tax implications and help you put the right systems in place from the outset.

Helping you understand your company finances

Running a limited company should not mean only looking at the numbers once a year.

Up-to-date accounts and bookkeeping can help you understand:

• how profitable the business is
• how much cash is available
• what tax liabilities may be building up
• whether the company can afford planned expenditure
• how much may be available for salary or dividends
• where the business may need closer attention

The level of reporting you need will depend on the size and complexity of your business.

For some companies, simple year-round bookkeeping and regular tax estimates are enough. Others may benefit from management information or more frequent reviews.

My approach is to keep things proportionate and useful rather than making them unnecessarily complicated.

Why work with Draig Accountancy?

As a company director myself, I understand business ownership from both sides of the desk.

Alongside Draig Accountancy, I have experience of running and working within several different types of business, including a professional consultancy, business operations, compliance and management, hospitality and agriculture.

That gives me a practical understanding of the realities many owner-managed businesses face — managing workload and cash flow, meeting deadlines, making investment decisions and balancing business with everyday life.

When you work with Draig Accountancy:

✓ You’ll deal directly with me, Fay Hancock MAAT
✓ You’ll receive clear, jargon-free advice
✓ You’ll have support throughout the year, not just at year end
✓ I’ll help you understand your figures, not simply prepare them
✓ Your service will be tailored to the needs of your company
✓ I can help keep HMRC and Companies House obligations organised
✓ You’ll have a trusted point of contact when questions arise
✓ You’ll have greater confidence that your company’s financial responsibilities are being managed properly

My aim is to become a trusted part of your business support network, rather than simply someone you hear from once a year.

Limited Company Accountant in Ammanford & Carmarthenshire

Draig Accountancy is based in Penygroes, near Ammanford and Cross Hands, and works with limited companies throughout Carmarthenshire.

I support businesses across Ammanford, Cross Hands, Llandybie, Llanelli, Carmarthen, Swansea, Llandeilo and surrounding areas.

I also work remotely with businesses throughout Wales and across the UK using cloud accounting software, secure document sharing, telephone calls and online meetings.

So whether you are looking for a local limited company accountant in Carmarthenshire or prefer the convenience of working remotely, you can access the same personal service.

Frequently Asked Questions

Can I switch accountants?

Yes. If you are thinking about changing accountants, I can explain the process and liaise with your existing accountant to help make the transition as straightforward as possible.

What is the difference between a sole trader and a limited company?

A limited company is a separate legal entity from its owners and has additional accounting, tax and Companies House responsibilities. Whether it is the right structure for you depends on your individual circumstances and business plans.

How do company directors pay themselves?

Directors may receive income through salary, dividends or a combination of methods, depending on the company’s circumstances and available profits. The appropriate approach should be considered in the context of both the company and the individual director.

Do limited companies need to file accounts every year?

Most companies must prepare annual accounts and file them with Companies House, as well as meet relevant Corporation Tax obligations with HMRC.

Do I need an accountant for a limited company?

There is no general legal requirement for every small limited company to appoint an accountant but company accounting and tax obligations are more complex than those of a sole trader. Many directors prefer professional support to help make sure filings are accurate and deadlines are met.

Can you help with dividends?

Yes. I can help explain when dividends may be paid, the importance of having sufficient distributable profits and the records that should be maintained.

Can you run payroll for directors and employees?

Yes. I can provide payroll support for directors and employees where required, including PAYE reporting and relevant payroll obligations.

Can you help if my company accounts are overdue?

Yes. If accounts or other company filings are overdue, it is usually best to deal with the situation promptly. I can help you understand what needs to be brought up to date and the next steps.

Can you support my company if I am based outside Carmarthenshire?

Yes. I work remotely with limited companies throughout Wales and across the UK.

Let’s make running your company simpler

Whether you are setting up a new company, changing accountants or looking for more proactive support from someone who understands owner-managed businesses, I’d be happy to talk.

I offer a free initial consultation with no obligation.

📍 Based near Ammanford, Carmarthenshire
🌍 Supporting clients throughout Wales and across the UK
📧 fay@draigaccountancy.com
📱 07914 848874