Accounting
Management Accounts
Management accounts are essential for those businesses who want to ensure they meet the targets they set for the trading year. They guarantee no surprises at the end of the year.
Regular management reports allow you to monitor your cash flow, observe trends and seek additional capital injections (if required), based on accurate forecasts business may have commercial loans with banks or financial institutions. Our services assist you in meeting your contractual obligations of providing management accounts on a regular basis.
Management accounts can be produced monthly, quarterly, half-yearly or any other period that is relevant to you.
We are happy to meet your bank manager, attend board meetings & other important meetings to give you finance advice. We can prepare below reports as per your requirements
- Cash Flows
- Management Accounts
- Profit & Loss Accounts
- Business Plans
- Budgetary Forecasts
- Projected Accounts for next 5 years
Annual Accounts
We prepare your accounts on time and in compliance with the reporting requirements.
For compliance purposes, all UK companies are required to file accounts with Companies House, as well as the associated tax filing requirement with HMRC. We assist with the preparation of annual statutory accounts to ensure correct filing at the end of your company’s financial year.
You are aware that your taxes are computed based on the figures prepared by accountants, therefore the preparation of accurate and timely annual accounts is essential if you want to minimise your tax liability and ensure you keep on the right side of revenue. Accounts preparation is a core part of our business and we pride ourselves on being able to meet your needs promptly and efficiently.
Our annual accounts package can be tailored to your specific needs to include:
- Preparation of financial statements from company records;
- Preparation and submission of Corporation Tax computations and returns;
- Preparation of abbreviated accounts; and
- Filing of accounts at Companies House.
- Dormant accounts
Bookkeeping Services
Let us take all your hassle of maintaining books and records!
Small to medium size businesses are outsourcing their bookkeeping needs to professionals like us not only to save them fixed overhead costs, but also to help them seize business opportunities while mitigating major risks; they are constantly informed on the financial outlook of their business.
Benefits of outsourcing your bookkeeping to us would include:
- Reduced cost:
- We will use our own software to provide the service, therefore you eliminate the cost of buying software
- Eliminate the employer cost for your in-house bookkeeper;
- Reduce the workload of your accountants, so a lower bill from them.
- Timely reports – our trained team will provide all necessary reports (e.g., aged debtors, aged creditors, management accounts);
- Flexible arrangement – we either can do your bookkeeping at your place or remotely, at our office;
Our interaction with you would be hassle free. Our operations are as follows:
- We collect your documents weekly, fortnightly or monthly as required.
- We return them either fortnightly or monthly as required.
- Sales invoicing, debtors listing, cash and cheque allocations, sales ledger and debt collection services.
- Purchase invoicing, checking purchase invoices received are correct, creditors listing, writing cheques and purchase ledger.
- Bank Reconciliation.
- VAT Returns.
- Unlimited Advice on day-to-day book-keeping matters at no extra cost.
Budgeting and Forecasting
Accurate forecasts provide greater transparency around financial performance, enabling you to manage your business more effectively. They inform day-to-day resource planning and guide long-term strategy. And, by allowing you to compare actual results with key performance indicators, they can provide timely alerts should performance veer off plan.
Our team will provide you with timely cash flow advice and prepare forecasts for use either internally in managing your business or for presentation to third parties, such as bank managers.
Professional financial forecasts are a key part of a successful pitch, and you can make the potential investor’s life that much easier by laying out exactly what they want. Our service is:
- Fast and easy
- Professional
- Tailor-made for your business
- Affordable fees