Financial accounting tells the story of where your business has been — accurately and officially.
It is the process of recording, summarising, and reporting a business’s financial transactions over a specific period — typically to meet legal, tax, or investor requirements. It focuses on historical data and is used to produce formal financial statements following standard accounting principles (like UK GAAP or IFRS) and are usually prepared at the end of each financial year (or quarter).
📌 Why Is It Important?
Financial accounting is the foundation of your business’s financial health. It ensures your financial records are accurate, compliant, and well-structured — so you can:
▪️ Stay compliant with HMRC and statutory regulations.
▪️ Understand your true financial position.
▪️ Maintain accurate records for tax and legal purposes.
▪️ Provide transparency to stakeholders, lenders, or investors.
▪️ Prepare for future business decisions and financial planning.
Our services in financial accounting include:
| Key Area | Purpose |
|---|---|
| Bookkeeping | Maintain accurate day-to-day financial records of your business transactions to support decision-making and compliance. |
| Individual Self-Assessment Return | Ensure you meet your personal tax obligations, accurately reporting your income and allowable expenses. |
| VAT Return | Calculate and submit your VAT returns correctly and on time, so you stay compliant and avoid penalties. |
| Payroll Services | Manage employee wages, deductions, and tax reporting efficiently and accurately. |
| Statutory Accounts Preparation | Prepare your annual accounts in line with legal requirements, providing a true and fair view of your financial position. |
| Corporate Tax | Calculate and submit your company’s tax return, ensuring compliance while identifying possible tax-saving opportunities. |
📘 Bookkeeping
We provide accurate, compliant, and up-to-date bookkeeping to help you stay on top of your day-to-day finances and focus on growing your business.
Our service includes:
Recording and reconciling sales, purchases, inventory, and bank transactions
Managing accounts payable, receivable, and credit card statements
Maintaining ledgers, trial balances, and VAT records
Preparing books for year-end accounts and tax returns
Providing real-time reports to support decision-making
We use leading cloud software like Xero, QuickBooks, Sage, and FreeAgent to keep your financial data secure and accessible — giving you visibility into cash flow, profit, and performance while ensuring full compliance.
👤 Individual Self-Assessment
We handle your Self-Assessment Tax Return (SA100) from start to finish — ensuring it’s accurate, on time, and fully HMRC-compliant.
Our service includes:
Preparing and submitting your SA100
Calculating income tax, Class 2 & 4 NICs, and payments on account
Reporting all income sources (e.g. self-employment, property, dividends, pensions)
Claiming allowable expenses, reliefs, and deductions
Tax planning to reduce your liability
Handling HMRC queries on your behalf
Whether your tax affairs are simple or complex, we help you avoid errors, missed deadlines, and unnecessary tax bills — giving you peace of mind.
💼 VAT Returns
We manage your VAT compliance from start to finish — including calculations, reporting, submissions, and HMRC communication — to help you avoid penalties and stay in control of your cash flow.
Our VAT services include:
Calculating VAT on sales and purchases
Reviewing complex VAT treatments (e.g. imports, reverse charges)
Preparing and submitting VAT returns via MTD-compliant software
Managing VAT schemes (Flat Rate, Cash Accounting, Annual Accounting)
Monitoring deadlines and filing schedules
Supporting VAT registration, deregistration, and HMRC queries
Whether you’re just hitting the VAT threshold or managing international transactions, we provide tailored support to ensure full compliance and effective VAT management.
👥 Payroll Services
Our payroll services ensure full compliance with HMRC regulations by accurately calculating and processing employment income, PAYE (Pay As You Earn) income tax deductions, and both employee and employer National Insurance Contributions (NICs).
We manage the entire payroll cycle, including:
Calculating gross and net pay
Deducting PAYE and NICs in line with current tax thresholds
Preparing and submitting Real Time Information (RTI) returns to HMRC
Managing statutory payments (SSP, SMP, SPP)
Issuing payslips and end-of-year P60s
Supporting P45 and starter/leaver procedures
Our services help employers stay up to date with changing legislation while providing employees with timely and accurate payslips and tax reporting. Whether you’re a sole trader hiring your first employee or a growing business with a large team, we deliver tailored payroll solutions to meet your needs.
📁 Statutory Accounts Preparation
We provide comprehensive Statutory Accounts Preparation services to ensure your business meets its legal obligations with Companies House and HMRC. Our service includes the preparation of full year-end financial statements in compliance with the relevant reporting standards (FRS 105, FRS 102, or IFRS), tailored to the size and nature of your business.
We ensure your statutory accounts include:
A professionally prepared Balance Sheet
Profit and Loss Account (P&L)
Notes to the accounts explaining key figures
Directors’ report
Preparation of accounts for submission to Companies House
We also handle the submission of statutory accounts alongside your Company Tax Return (CT600), ensuring consistency and full compliance with UK GAAP, IFRS and HMRC guidelines. Our process helps you maintain a strong financial reporting foundation, meet filing deadlines, and avoid penalties, while giving stakeholders confidence in your business financial health.
