Limited Company Contractor
Looking for affordable, quality accounting services? Contact
No Worries Accounting today.
Perfect for limited company contractors, freelancers, and small businesses that want to operate as either a limited company or sole trader. Our dedicated team simplifies limited company accounting, managing your returns and bookkeeping seamlessly making running your own limited company a breeze.
With our app and online portal, managing expenses and accessing your limited company finances is a doddle. We also offer VAT registration, payroll services, and tailored advice from your personal contractor accountant to maximise your business efficiency.
At No Worries Accounting, we offer competitive pricing and discounts for quarterly or annual packages, plus referrals. And if you’re not satisfied, we have a money-back guarantee.
Boost your business productivity today with No Worries Company Services.
“The entire staff is extremely hardworking, very competent
and more importantly – very responsive.”
Thanks Prasad, we are always looking for ways
to make life easier! 😊
Steal of a deal
£95
Per Month +VAT
sign up
Limited Company formation
Monthly RTI filing with the HMRC for your payroll **
Use of our acclaimed cloud accounting software package
Unlimited phone and email support for all accounting/tax matters
Unlimited face-to-face meetings
We are your registered office with Companies House
We deal with general HMRC and Companies House enquiries
Completion of year end accounts and limited company tax returns
Administration/submission of all PAYE returns to HMRC
Online accessibility from any device
LIVE Profit & Loss straight from your homepage
Enjoy access to our Knowledge Base
Plus other housekeeping matters like address changes with Companies House, mortgage & tenancy references, completion of National Statistical Office questionnaires.
Monthly reconciliation of your business account for always up-to-date accounting and tax information
VAT registration and quarterly VAT returns if requested or required (inc flat rate VAT)
Personal earnings updated/confirmed by us to help you monitor personal tax thresholds
Club Gold
Our most popular
£115
Per Month +VAT
sign up
Limited Company formation
Monthly RTI filing with the HMRC for your payroll **
Use of our acclaimed cloud accounting software package
Unlimited phone and email support for all accounting/tax matters
Unlimited face-to-face meetings
We are your registered office with Companies House
We deal with general HMRC and Companies House enquiries
Completion of year end accounts and limited company tax returns
Administration/submission of all PAYE returns to HMRC
Online accessibility from any device
LIVE Profit & Loss straight from your homepage
Enjoy access to our Knowledge Base
Plus other housekeeping matters like address changes with Companies House, mortgage & tenancy references, completion of National Statistical Office questionnaires.
Monthly reconciliation of your business account for always up-to-date accounting and tax information
VAT registration and quarterly VAT returns if requested or required (inc flat rate VAT)
Personal earnings updated/confirmed by us to help you monitor personal tax thresholds
The Steps to Success
Initial Setup
Whether you already have your own limited company or need help setting one up, we’ve got you covered. We’ll ensure your limited company is properly registered and provide guidance on setting up a business bank account to suit your needs.
Start of business
Once set up, we’ll ensure your limited company is registered with HMRC for Corporation Tax and PAYE. We can also provide advice on VAT registration.
Week to Week Operations
As a No Worries client, you’ll get your own cloud-based bookkeeping account for your limited company. This lets you record expenses, generate invoices, manage contract details, update company information, and review quarterly Profit and Loss and Balance Sheet statements making running your own business effortless.
Ongoing reporting requirements
HMRC and Companies House require various filings throughout your limited company’s trading year. We’ll keep you informed of the due dates and prepare all necessary documents. Remember, as the company director, you are ultimately responsible for your filing obligations.
Paying us
We require each limited company contractor to set up a Standing Order for payments. Once you start trading with our accounting service, we’ll email you all the payment details. It’s easy! And remember, if you need help setting up a business bank account, we can assist with that too.
Help is on hand
We’re always ready to answer your questions in plain English. Whether it’s about your limited company, tax implications, or our accounting services, feel free to call, email, or visit our office. We’re here to help!
“They were invaluable to me.”
As you were to us. All the best Patrick! 👋
Refer a Friend and SAVE!
10% Discount
on our rates for every new customer you refer to our contractor accounting service.
The discount kicks in from the first full
monthlyfee we receive from your referral.
Just have them mention your name on the final
page of our online sign-up form. Easy peasy!
“They’ve taken away
all the difficulties…”
Thanks Andrew. It’s nice to know
we make a difference! 😊
The finer points of our fees
We believe in complete transparency with no hidden fees or fine print. Here are the additional costs you should be aware of.
Limited company formation
£FREE. Yep, its free. BUT (there is always a ‘but’), please check our T&C’s here as a couple of very reasonable conditions apply.
Payroll set-up
£FREE payroll set-up – We’ll review your personal circumstances to recommend the best salary structure for you and set up your company’s PAYE records in our system.
If your limited company isn’t registered for PAYE with HMRC yet, we’ll handle that too. Plus, we’ll set ourselves up as your authorised agent with HMRC.
Fee for additional working Directors
If more than one director is actively trading through the same limited company, an additional fee applies. This fee is 40% off our normal full monthly rate while one director is paying the full fee. If the full monthly fee is no longer paid by any director, the 40% discount is removed.
Both parties can enjoy a referral discount based on the full monthly fee due when referring a friend. Remember, the more friends you refer, the cheaper your accounting fee becomes!
VAT registration and administration
At No Worries, VAT registration isn’t automatic but can be arranged upon request. If you’re subscribed to our standard Gold service, you’ll need to upgrade to Club Gold to access VAT registration. With Club Gold, the costs for VAT registration and its administration are included in your monthly fee. You can choose between the Standard Rate Scheme or the Flat Rate VAT Scheme to fit your business needs.
Closing down your company
If you’re an existing client, we charge a one-off fee of £185 + VAT to help you close down your own limited company. We’ll prepare all the necessary documents and forms. Please note, this fee does not cover the £33 Companies House charge for applying online to strike the company off the register, which you’ll need to pay separately.
When closing your limited company, our monthly accounting fee will stop in the last month that your company trades. Regardless of the number of days you trade in that final month, the full monthly fee will be payable.
Switching to our Accounting service
£FREE, as long as your accounts are up to date. If we need to play catch-up, we’ll provide a free quote. Costs vary, but we won’t charge an arm and a leg!
Please note: while we do not expect any fees for switching over to our services, the first monthly fee is due on your transfer date, and we will not start processing your information before this fee is paid.
Personal self-assessment tax return
As a client of our monthly accounting service, you can sign up for our personal tax return service with fees starting at £75 + VAT. Alternatively, we offer a free guide on how to do it yourself. Don’t worry—we’ll always remind you when your personal tax return is due.
** Payroll fee for additional employees
Where there is more than one additional employee in the limited company, we charge £15 + VAT, per additional employee to run the monthly payroll.
Gold clients only
If you need us to update your account records at any point during the year (for example, for management accounts, visa earnings, mortgage references, etc.), an additional fee of £10 + VAT will apply for each month we need to reconcile.
Periods when you are not working
If your limited company stops trading but you wish to keep it, we’ll continue to offer our usual accounting services at a 50% discounted rate. If you decide to start trading again through your company, our monthly fee will revert to the standard full rate.
Confirmation Statement
This is a straightforward document required by Companies House once a year. Each annual submission costs £34 (no VAT), and we simply pass this cost onto you.
Fee Holiday!
Get 50% off our Contractor Accounting fees.
A gap between gigs or a well-deserved holiday, for every full month you’re not contracting, enjoy a 50% discount on our fees. Just let us know before your break starts, and we’ll handle the rest .
Example: A break of 2 to 2.9 months = 50% off for 2 months!
And don’t worry—we’ll still keep a sharp eye on your account, making sure all your deadlines are met. Because you deserve to relax without a care!
Frequently asked questions
How can I be more tax efficient?
As a business owner, understanding tax efficiency is crucial. Setting up your trading business as a limited company can be a smart move. With your own limited company, you can claim certain expenses as business deductions, reducing your overall tax liability. Limited company accounting also lets you distribute profits among shareholders through dividends and pay yourself a salary in the most tax-efficient way, keeping National Insurance contributions and PAYE optimal.
If you’re considering setting up a limited company, consulting an accountant or tax advisor is a great first step. With the right tax advice, the limited company route can be more tax-efficient than using an umbrella company, although you need to be aware of IR35 criteria. At No Worries Accounting, we also offer an Umbrella company service, providing flexibility for your business needs.
What does Companies House do?
Companies House is the UK’s registrar of companies, where all limited companies are incorporated and registered, along with specific statutory filings. All registered limited companies, including subsidiaries and small firms, must file annual accounts and company returns, which are public records. This helps businesses make informed decisions about investments and partnerships.
Companies House also enforces limited company law and can take action against non-compliant companies. Recently, they have digitised records, making information more accessible and improving transparency around limited company accounting in the UK.
What if I have my own Limited Company?
At No Worries Accounting, we know every business is unique. That’s why our limited company accounting service is customisable to your specific needs. Whether you need help with bookkeeping, tax preparation, or financial planning, our experts are here to assist.
If you’re thinking of switching to No Worries Accounting, we can manage all your limited company accounting needs seamlessly. We’ll transfer and review your records from your old accountant to ensure everything is complete and accurate.
Just starting out and setting up your own limited company? Once you’ve set it up, sign up for our accounting service, and we’ll review everything to ensure we have all we need to support you effectively.
In today’s shifting tax landscape, limited company directors need accountants they can trust. At No Worries, we’re passionate about helping you thrive.
Whether you’re a freelancer, contractor, or sole trader, we’ve got your accounting and tax needs covered. Get in touch today—we’d love to help you reach your full potential.
“…consistently brilliant services from start to finish…that has saved me £000s over the years.”
Thanks Pete. We loved being part of your team! 🙌