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I guess so, but it was still annoying. I'd run my funds down and paid myself once every 4-6 months because I couldn't be arsed filling out the spreadsheets the accountants required.
Like going to limited company, I put it off for ages and then when I started doing it I got more money but more paperwork too. I'll have to do it at some point because I want to move out of London and will likely end up renting my flat out. Then again I could let the missus manage that...
hippy
Yes, as soon as I wrote that I knew it was a hostage to fortune, but you must have been slightly organised when you were a ltd co, and personal self assessment is much simpler than that.