Company Formation UK

Company formation, Back office and Accounts outsourcing "paperless office"

Company Formation:- Global Company Formation UK Limited is a start up ad visor who offer  formation advice to start up business anywhere in the world. Here we provide a cost effective solution for your new and existing business in a variety of different domains that too by exploring the international talents. We also provide accounts outsource services in here.

Back Office Services :- If you are setting up your company anywhere in the world, we can provide a back office for any accounting services where you will find the perfect candidate. You can set up your office with us; you can recruit, train, mentor and monitor them like your next door office. Your staff will work from your office in exact your business time and all the domain staff  will be available at a highly competitive market cost of £2.50 per hour. Being a facility provider we can provide you with a fully furnished office space just for £ 97 per month including desk and sitting, computer, internet with 100 Mbps, air-condition etc.

At present we have the following six international companies having back office with us.

1) Mint and Mustard UK Ltd, a leading restaurant chain in the UK

2) Tick Box Ltd, a Project Management company based in Bristol, UK

3) Seacom Accountancy, an accounting practice LLP in the UK

4) Walth Group, an online trading company based in Germany

5) Global Company Formation UK Ltd, a business consultancy and outsource service provider, UK

6) locummeds

Accounts Outsource Services :- If you are an overseas business but want to outsource your accounting and finance activities we are here to help you out with accounts outsourcing. We are ready to take any accounting or finance assignments for just £2.50 per hour:

We offer the following services in accounts as your outsource service provider.

• Book keeping

• Payroll services

• VAT Return

• Management Accounts

• Financial Accounts

• Tax Return

• Audit File preparation

• Invoicing and Credit Control

• Other Accounting Support Services

Our detailed outsource process flow is enclosed herewith for a more clear view.

 Input Process Summary

1. Daily Sales – The daily sales report of all the business are available to the concerned person in our UK Head office and the same will be forwarded to our outsource office. It is further classified into two :

(a) System Generated Invoice: The system generated Invoice copy is being sent in mail to the concerned person in outsource office.

(b) Daily Sales Closing Summary: The daily closing sales summary is being sent in mail by taking the photographs of the sales closing summary and the same will be forwarded to the concerned person in outsource office. 

2. Daily Purchase - The daily purchases being made in all the business will be forwarded in report format to the concerned person in our UK Head Office and the same will be forwarded to our outsource office. It is further classified into two :

(a) Email Invoices: The Invoice copy received from the supplier in our UK Head Office is being sent

(b) Paper Invoices: The invoice copy received in our UK Head Office is being sent in mail

to the concerned person in our outsource office by taking the photographs of all the invoices

3. Daily Bank Statement

(a) View Only Statement: With the help of Bank Account Internet Login details, the accounts person in our outsource office is able to view the bank statement in View Only mode.

(b) Physical Statement: As some companies may not be willing to provide the bank login details & in this case, the bank statement is being photographed and will be mailed to the concerned person in our outsource office.

Output Process Summary

1. Daily Cash Flow Report: The person in outsource office will reconcile the bank account on daily

basis and will inform the expected inflow and out flow of cash balances in advance to the Head

Office in UK before 9 AM.

2. Monthly Payroll Processing: Monthly payroll processing and issue payslip to all the staff s on due

date and file all the statutory forms to HMRC. Full RTI compliance and FPS, EPS filing on time.

3. Monthly Management Accounts: Prepare monthly management accounts with all the month

end adjustments like accrual, pre-payment and depreciation.

4. Quarterly VAT Return: Preparation of VAT Calculation and file VAT Return to HMRC on due

date.

5. Yearly Draft Final Accounts: The Yearly Draft Final Accounts has to prepared which is useful for

filing TAX Returns to HMRC and filing Company Accounts to Companies House.

6. Tax Return Filing and Company Accounts Filing: Either our accountants in UK or your

Accountants will be filing tax Return and Company Accounts after necessary year-end

adjustments and tax planning.

Advantages of Outsource Accounting 

·                     Paperless and keep all your documents in digital format.

·                     This is a next door Accounting Office.

·                     Your Bank Account Statement is reconciled before you wake up.

·                     Cost of running the Accounting Process is £2.50 per hour.

·                     We guarantee to reduce 60% of your UK Accounting Cost and Admin Cost.

·                     A Smart way to manage your business in UK by keeping a back office with your admin and accounting staff.

·                     An opportunity to explore International talent and Cost Saving to your business.

·                     The Per month cost of running your Back Office is just £97.

·                     UK Qualified Accountants will file your Tax return and Company Accounts.

·                     Very easy to set up your back office on a rolling monthly contract basis.