Accounts preparation

Join Leicestershire SME’s saving thousands a year

an arrow

What we do

By the very definition, this IS what we do. However, over the years our role has changed considerably. Whereas in the past the preparation of the accounts was what people would come to us for, this is now only part of the service we provide with the ongoing bookkeeping, management accounts and advice throughout the year much more of a focus.

The reason for this is that by being involved throughout the year we can spot opportunities, concerns or planning scenarios at the time rather than up to 9 months after a year end (and 21 months after the financial year started) as would have happened previously.

The accountant checking documents about graph and chart relating to financial reporting and tax accounting of the company
Hand putting money coins stack growing, saving money for finance accounting concept.

In most cases now the production of the financial statements is simply a case of finalising any adjustments and dotting the i’s and crossing the t’s. That said, the production of these accounts is still a vital element of our work.

The accounts that are submitted to Companies House and HMRC must meet certain requirements in their format and with the information disclosed. In addition, companies of different sizes have different accounting standards which apply and to which the accounts must be prepared. By maintaining our knowledge we are always able to prepare accurate accounts in the correct formats and within the filing deadlines.

READY TO CHAT?

You can contact us via:

01664 420281
help@lyfe.accountants
Pop and visit us:
Pera Business Park
Nottingham Road
Melton Mowbray
LE13 0PB



    HOW DO WE HELP?

    A gentleman fixing air conditioning

    Controlled Air Systems became a client in 2012. At this point the business was getting by turning over just over £100,000. The client was using desktop software so we would visit the client regularly to manually enter the purchase invoices and post the bank transactions. This could result in paperwork being lost of transactions entered incorrectly.

    We helped the client move to an online bookkeeping system in 2015, being early adopters in this field, and to Xero in 2018.

    The client now sends us the information needed to prepare their accounts each week and we look after the bookkeeping on a weekly basis. We are able to let the client know of any information we are missing on a monthly basis to ensure this is not lost and able to let the client have regular management information including debtors reports and management accounts as well as being able to help with year end tax planning.

    We have also helped deal with the necessary paperwork and legislation for the director to bring his sons into the business and to consider the best way of structuring the business with this in mind.

    Get digital today!

    an arrow

    We are here in Leicestershire and beyond:

    Whilst the majority of our clients are located within 10 miles of us, we do help clients in a range of locations including:

    • Leicester
    • Loughborough
    • Oakham
    • Nottinghamshire

    Three ways businesses use us for their accounts preparation

    Helping with all aspects

    In most cases the preparation of the accounts is part of a larger engagement with us helping with every aspect of the accounts systems, from the bookkeeping, regular management accounts and then finalising the accounts for submission to the relevant bodies.

    Regular check-in's

    We also have cases where the client is confident and competent with their own bookkeeping but would like the reassurance of regular check ins. With these clients we will continue to monitor their bookkeeping to ensure there are no concerns and make the adjustments so that the monthly or quarterly management accounts are accurate and the basis of their internal decisions.

    Compliance

    We do have some clients where the clients manage every aspect of the day to day accounting and we do only manage the compliance with preparing the accounts to the correct accounting standards and submission to Companies House and HMRC

    WHY CHOOSE LYFE ACCOUNTANTS FOR YOUR PAYROLL?

    We love seeing business grow and become successful. Since starting in 2007, we have supported many local and national businesses for their accountancy and business needs. Over time, with advances in accountancy software, we have been able to change the emphasis of our work from just completing the statutory accounts and tax returns to building a business which offers holistic business support guiding businesses from preparing regular management accounts to cash flow forecasts and full financial action plans.

    By using the latest technology, and keeping a keen eye on the market for new software which will make our clients job easier, we are able to help our clients meet any challenges they come across, our clients are prepared for any taxes and changes in legislation, and we are on hand throughout their business journey, helping clients grow, thrive and achieve their goals, whether financial or non-financial.

    We would love to help your business too.

    Get the best personal service in Leicestershire

    an arrow
    Pension setup
    On time, every time
    Contributions
    Owner wage

    FREQUENTLY ASKED QUESTIONS

    XERO ADVICE FROM ADAM

    How to handle small under and overpayments in Xero
    How to handle small under and overpayments in Xero

    Adam talks you through how to handle small under and overpayments in Xero To help you along, here is the…

    Get more free advice  
    How to add a new bank account in Xero
    How to add a new bank account in Xero

    Adam talks you through how to add a new bank account in Xero To help you along, here is the…

    Get more free advice  
    How to match multiple invoices to a payment in Xero
    How to match multiple invoices to a payment in Xero

    Adam talks you how to match multiple invoices to a payment in Xero 0:00 Hi, this is from Home Lyfe…

    Get more free advice