Annual accounts filing in Maida Vale

Annual accounts filing for Maida Vale companies

Annual accounts are the yearly financial statements every UK limited company puts on the public record. For a private company they are due nine months after the end of the accounting period, and your Corporation Tax return is due twelve months after it. The tax itself is due nine months and one day after the year end, which catches many directors out.

Annual accounts for limited companies for Maida Vale businesses: local facts

Maida Vale is in the Westminster council area, in the London region. In Westminster, 47,320 of the 56,365 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 84%. If you run a company in Maida Vale, you are in good company.

The largest groups of micro businesses in Westminster are professional, scientific and technical services (10,565), information and communication (5,295) and real estate (5,110). For professional, scientific and technical services companies in Maida Vale, fee income, work in progress at the year end and how directors are paid are the key decisions, so we plan these with you before the accounts are finalised. That puts professional, scientific and technical services at 22% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Maida Vale (Westminster 007) has 580 VAT- or PAYE-registered businesses, and 540 of them (93%) are micro businesses.

Westminster ranks 2 of the 1105 areas we serve by number of micro businesses, and its micro share of 84% is below the 89% average across them. In information and communication (5,295 micro businesses in Westminster), software subscriptions, equipment and contractor invoices are common, and contractors often ask about IR35, so we review both when preparing your return. In real estate (5,110 micro businesses in Westminster), we keep rental income, repairs and capital costs separate, because the tax treatment of each differs.