Managing Finances: Running a Limited Company in the UK

Managing Finances: Running a Limited Company in the UK
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Slide 1: Diapositive

Cette leçon contient 14 diapositives, avec quiz interactifs et diapositives de texte.

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Managing Finances: Running a Limited Company in the UK

Slide 1 - Diapositive

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Learning Objective
At the end of the lesson, you will understand the accountancy tasks involved in running a limited company in the UK.

Slide 2 - Diapositive

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What do you already know about running a limited company in the UK?

Slide 3 - Carte mentale

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Overview of Limited Company
A limited company is a separate legal entity from its owners, offering limited liability and tax advantages.

Slide 4 - Diapositive

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Registering a Limited Company
To run a limited company, you must register with Companies House, providing details of company directors, shareholders, and the company's registered office.

Slide 5 - Diapositive

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Accounting Records
Maintaining accurate accounting records is essential, including income, expenses, assets, liabilities, and any financial transactions.

Slide 6 - Diapositive

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Financial Statements
Limited companies must prepare annual financial statements, including a balance sheet, profit and loss account, and notes to the accounts.

Slide 7 - Diapositive

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Taxation
Limited companies are subject to corporation tax on their profits, and directors may also need to pay personal income tax on their salaries or dividends.

Slide 8 - Diapositive

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VAT and PAYE
Depending on the company's turnover and employee status, it may be required to register for VAT and operate a Pay As You Earn (PAYE) scheme for employees' tax and National Insurance contributions.

Slide 9 - Diapositive

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Interactive Task: Financial Recordkeeping
Students will categorize sample financial transactions into income, expenses, assets, and liabilities, reinforcing the importance of accurate recordkeeping.

Slide 10 - Diapositive

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Conclusion
Recap the key responsibilities and tasks involved in running a limited company in the UK, emphasizing the importance of proper accounting and compliance.

Slide 11 - Diapositive

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Write down 3 things you learned in this lesson.

Slide 12 - Question ouverte

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.
Write down 2 things you want to know more about.

Slide 13 - Question ouverte

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.
Ask 1 question about something you haven't quite understood yet.

Slide 14 - Question ouverte

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.