Accountancy Services
Management Accounts
The most important part of our services is the preparation
of periodic management accounts. Monitoring and controlling
the financial performance of your business is of paramount
importance and regular management information is vital to the
continued success of your business. We can either carry out
this function for you or help you set-up internal systems to
generate the information.
Overhead Analysis
You will be surprised how much money your business can save
if you took the time to have an in-depth look at your cost
base. In our experience, due to pressure of time most organisations
never get round to doing this. However, we can carry this
service out for you on a fixed price or cost savings basis.
We will produce a report with details of our analysis and
recommendations. Truly a great way for us to add value to
your business!!
Business Planning/Budgeting
Every business owner needs to invest time in developing a long-term
plan, starting with what you want to achieve from your investment
and what your reasons for being in business are, and then
developing a plan to help achieve these objectives. The financial
aspects are usually the backbone to any business plan and
we can help to ensure that this aspect has been adequately
dealt with in your plan.
We should all set targets for the year ahead and therefore
it is good practice to establish an annual budget. We can work
with you in developing this and can produce reports showing
actual costs against budget. We can interpret these figures
for you and make suggestions to help you improve your profits
or to help your business grow.
Year End Accounts
If you are a limited company then you are required to prepare
accounts that must be filed with Companies House in a statutory
format. We can help you by preparing your statutory accounts
and filing them with Companies House for you.
If you are a sole trader or partnership, then financial statements
will be prepared for your business as the basis for the computation
of profits for income tax purposes.
Cash Flow Forecasting/Financial Advice
Cash is KING!!! And don't let anyone tell you otherwise. You
may be the best in your line of business, but if you don't
manage your cash flow properly then you could be out of business!!
We can work with you to produce cash flow forecasts. You can
be reassured that the information produced will give you an
advance warning of any potential shortfalls and therefore you
can plan ahead accordingly. Guaranteed to increase your credibility
with your Bank Manager!!
Financial Performance Review
We will carry out a financial performance review of your business.
This will be in the form of a detailed report, which includes:
* graphs and charts illustrating how your business has
performed this year and over the past five years (depending
on information available).
* ratio analysis to highlight areas of strength and weakness.
* detailed commentary advising you which areas of the business
can be improved.
We can even review your "profitability" and introduce "what-if" scenarios
in respect of pricing policies and costing methods. Do you
really know if you are optimising your profits??
Business Start-up
Most people who start up in business do so because they have
a good business proposition, not because they are experts
in the financial aspects of running a business. These factors
can often be quite daunting to the entrepreneur and this
is where we can help by evaluating your ideas and helping
you develop them into a feasible business.
We can also help you:
* decide on the most suitable structure for your business
(i.e. sole trader, partnership or limited company).
* prepare a business plan, cash flow projections, budgets
and trading forecasts to prove the financial viability of your
ideas.
* carry out registration procedures with Companies House,
Inland Revenue or Customs and Excise.
* set up an internal accounting system which complies with
statutory requirements.
Taxation
We prepare annual income or corporation tax returns for sole
traders, partnerships and limited companies. We will relieve
you of the administrative burden of complying with tax legislation.
On your behalf, we will deal with all Inland Revenue correspondence.
Bookkeeping
We can relieve you and your business of a significant burden
by taking care of all your bookkeeping and accounting needs.
Besides the core bookkeeping, we can also maintain your VAT
records, and take on ad hoc projects to free up valuable time
for your staff. We treat every business individually so that
we can tailor our approach to your requirements.
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