Whether you are a sole trader, a partnership or a limited company, year end accounts have to be prepared for either disclosure on your personal tax returns or for submission to Companies House. We have clients who provide us with a range of books and records from a bag full of receipts to a fully computerised trial balance.
Once draft accounts have been prepared we will arrange an appointment for us to meet and to discuss any issues we or you may have. This provides us with at least an annual face-to-face meeting, whereas other accountants may just send out a set of accounts to you with no further contact.
Company Accounts/Partnerships/Sole Traders/Charities
Limited company accounts are prepared by qualified staff who have a thorough knowledge of the latest FRS standards. Filing deadlines are guaranteed to be met.
Whether you are set up as a partnership or a sole trader, you can expect the professionally prepared accounts in a timely manner. We can identify areas for improvement, whether it be in your profitability or your bookkeeping.
In the changing economy our clients are finding it more and more useful to have an understanding of their current financial position. This may be for bank purposes, to assist tax strategies or to see how the business has performed.
We at LHP have a team of management accounts experts who will either come to your premises or work from our offices to prepare a monthly, quarterly or 6-monthly set of accounts, which allows you to keep your finger on the pulse.
Through the use of cloud technology, preparing your financial information couldn’t be quicker or easier – just ask us for a demo.
Cash flows & Business Planning
Regular business cash-flows and projection reports can help your business to keep abreast of your financial position, provide warnings of future problems and issues that may arise.
Other projections, such as balance sheet and profit & loss reports are also useful, especially when attempting to raise finance.
The key to any successful business is to have a clear plan which during its implementation is monitored and measured so that corrective action can be taken where necessary.
The aim of our business planning service is to:
- Identify where your business is now.
- Plan effectively for the future.
- Focus on key strengths.
- Improve management information.
- Maximise the effective use of resources.
- Identify funding requirements.
- Forecast the financial implications of the project.
- We can assist with the preparation of future plans and the preparation of annual budgets and financial forecasts.
We prepare grant claims across a wide range of industries. These are done on a timely basis to ensure the business receives the funding when it is required the most, without undue delay.