Accountancy Packages

Limited Company Contractor

No Worries Company Services is the perfect solution for limited company contractors, freelancers and small businesses that want to operate as either a limited company or sole trader.

We understand that limited company accounting can be a complex and time-consuming process, but our team of dedicated accountants are here to make it simple and hassle-free. We’ll take care of all your returns and bookkeeping, and we’re always on hand to provide tailored advice and support.

Our mobile app makes expenses easy to manage, and our online portal gives you quick and easy access to your limited company finances. We also offer a few other helpful extras, like VAT registration and payroll services. So whether you’re just starting out or you’ve been in business for years, we can help you get the most out of your own business.

At No Worries Accounting, we offer a range of accounting packages to suit the needs of the limited company contractor. Our prices are highly competitive, and we offer a number of discounts for our clients.

For example, we offer a discount for businesses that sign up for our quarterly or annual package. We also offer discounts for businesses that refer us to other companies. In addition, we offer a money-back guarantee if you are not satisfied with our services.

If you are looking for quality accounting services at an affordable price, then please contact us today.

The steps to Success

The Initial Step

Regardless of whether you approach us with your own limited company already set-up, or if you need us to help you get one started, we will ensure your limited company is correctly setup and registered, and if need be, we can help you open a business bank account with Tide, HSBC, or Metro Bank.

Once these basic elements are in place, we will ensure your limited company is correctly registered with the HMRC for Corporation Tax, and PAYE. We can also advise you on VAT registration.

Week To Week Operations

Once you become a No Worries client, we set you up with your own cloud-based book keeping account which allows you to record expenses, generate invoices, manage contract details, review/update company information, and review quarterly Profit and Loss, and Balance Sheet statements.

Ongoing Reporting Requirements

Companies House and HMRC require various filings over the course of your company’s trading year. We will keep you informed of the due dates, and will prepare all the documents required. It is important to remember that it is you, the company director, who is ultimately responsible for all your filing obligations.

Paying Us

We require you to set up a Standing Order to pay us. Once you begin actively trading using our accounting service, we will email you will all the payment details. It’s easy.

Help Is On Hand

We are always willing to help answer your questions in plain English. Feel free to call us, email us, or drop by our office if you have any questions regarding your company, tax, or our accounting service.

Once these basic elements are in place, we will ensure your company is correctly registered with the HMRC for Corporation Tax, and PAYE. We can also advise you on VAT registration.

Ways to pay us less

A lot of our clients pay us less than our standard rates, by taking advantage of our referrals programme and fee holiday policy.


We offer a 10% discount on our rates for each new customer you refer to our accounting service. This discount applies from the first month that we receive a full monthly fee to the last month we receive a full monthly fee from your referral.

Just ask your friends/colleagues to mention your name in the final page of our online sign-up form.

Fee holiday

We recognise that there is the possibility of extended periods between contracts, or that some contractors like to plan extended holidays after finishing long or exhausting contracts. For this reason for every full month you are not contracting (up to 6 months!), we will not charge you our monthly accounting fee.

Please note, to take advantage of this fee holiday you need to make sure you inform us before these periods commence. So if you take a one and a half month break, you will save one month in accounting fees, and if you take a three and a half month break you save three months is accounting fees.

We will however continue to monitor your account to ensure all statutory filing/payment deadlines are met. If this period of non-working extends beyond 6 months, please refer to our ‘Periods when you are not working’ section under ‘The Finer Points About Our Fees’ below.

Ready? Sign up now! 

Want to talk to someone? Give us a call now on 020 7731 1117 or
request a call-back here!

The finer points of our fees

We’re not in the habit of hiding fees or adding small print to our service. Here are the additional costs you need to know about.

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 – This work covers a review of your personal circumstances to advise you on the best salary structure that suits your needs, and to also establish your company PAYE records within our system.

If your limited company is not already registered for PAYE with the HMRC we will also complete this work, as well as set ourselves up as your authorised agent with the HMRC.

Fee for additional working Directors

If there is more than one actively trading Director through the same limited company, there will be an additional fee due. This additional fee will be 40% off our normal full monthly fee rate, and applies while there is one working Director paying a full monthly fee (and if this Director is no longer due to pay us a full monthly fee, the 40% discount is removed to ensure there is at least one Director paying our normal full monthly fee).

Both parties can get a referral discount for referring a friend, and it will be the same, based on the full monthly fee due. Remember, the more friends you refer to our services, the cheaper your accounting fee will be!

VAT registration and administration

We don’t offer this as standard for our clients, and all you need to do is ask to be VAT registered ? The costs related to VAT registration and administration are included in your Club Gold monthly accounting fee and you have the choice of using either the standard rate scheme or the flat rate VAT scheme.

Closing down your company

As an existing client we charge a one-off fee of £185 + VAT to help you close down your own limited company. We will prepare all the required documents and forms. The £10 fee payable when you apply to have the company struck off the register is included in our closedown fee.

Please note if you are closing down your limited company our monthly accounting fee stops in the last month that your company trades. Regardless of the number of days you trade in the last month, the full monthly fee is payable for that month.

Switching to our Accounting service

£FREE, provided your accounts are up to date. If they are not, and we need to complete some work for you to get you up to speed, we’ll provide you with an absolutely free quotation on how much this will cost. Costs vary, but we love getting new customers, so we avoid charging like wounded bulls.

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, if you sign up for our personal tax return service, our fees start from £75 + VAT. Alternatively we provide a free guide that explains how to do this yourself. And 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 want us to bring your account up to date at any point during the year (for example for production management accounts, visa earnings, mortgage reference etc) where we will need to reconcile your account up to date, an additional fee of £10 + VAT will apply for every month that we will need to update.

Periods when you are not working

If your limited company stops trading (and you want to keep it) we will continue to provide our usual accounting services for up to 6 months free! If however you require our support to continue after 6 months, then the following fees will be due (a) single payment of £150 + VAT for the six month period just elapsed, and (b) an on-going monthly fee of £25 + VAT.

Confirmation Statement

This is a simple document required by Companies House once a year. Each annual submission costs is £13 (no VAT) and we just charge that cost onto you.

Be Tax Efficient

As a business owner, it’s important to be aware of the different ways you can run your business in a tax efficient way. One option is to set up your trading business using the limited company route. This means that you can claim certain expenses as business deductions, which can help to reduce your overall tax liability.

Limited company accounting also allows you to distribute profits among shareholders in a tax-efficient way by dividends, plus you can be paid a salary in the most tax efficient way that keeps your national insurance contributions and PAYE optimal. If you’re thinking about setting up a limited company, be sure to speak to an accountant or tax advisor to get started. In fact call us now! 

With the right tax advice, a limited company is more tax efficient than using an umbrella company, though there are certain criteria surrounding IR35 that you will need to be aware of. No Worries Accounting does also offer an Umbrella company service.

What does Companies House do?

Companies House is the registrar of companies in the UK. All forms of companies are incorporated and registered with them along with specific statutory filings as required by legislation. All registered limited companies, including subsidiary, small and inactive companies, must file annual accounts in addition to annual company returns, and all these are public records. This information is used to help businesses make informed decisions about investing in or working with other companies.

Companies House also has a role in enforcing limited company law, and can take action against companies that are not complying with the law. In recent years, they have been working to digitise its records and make them more accessible to the public. This has made it easier for businesses to find the information they need, and has helped to improve transparency around limited company accounting in the UK.

What if I have my own Limited Company?

At No Worries Accounting, we understand that every business is different. That’s why we offer a customizable limited company accounting service that can be tailored to your specific needs. Whether you’re looking for assistance with bookkeeping, tax preparation, or financial planning, our team of experts will be happy to help.

If you already have an accountant and you are thinking of switching to No Worries Accounting, rest assured that we can take care of all your own limited company accounting needs. All your accounting records will be switched over to us and we’ll ensure all incoming information from your old accountant is checked by us to ensure its a full complete record of what we need.

And if you are just starting out, and want to incorporate your own limited company, that is fine too. When you are ready to go, just sign up for our accounting service and we will ensure you get everything we need from you.