525 Accountancy Services

525 Accountancy Services is an accountancy practice in East Kilbride, just outside Glasgow, led by Phillip Simpson, who holds a personal AAT licence. It supports new ventures, established companies and people managing their own finances, and says most of its clients come through referrals.

What 525 Accountancy Services offers

• Bookkeeping — keeping records in order and setting up bookkeeping systems that stand up to an HMRC enquiry.
• Annual accounts and filing — preparing year-end financial statements and meeting Companies House deadlines.
• Tax — tax advice and keeping businesses on time with HMRC tax filings.
• Payroll — PAYE and NIC administration, statutory forms and summaries of staff costs.
• Planning and reporting — budgets, forecasts, KPI reporting and financial projections often asked for by funders.
• Secretarial work and health checks — company secretarial support and a review of how a business is doing.

Who it works with

Start-ups, growing businesses and individuals, mainly in and around Glasgow. Each engagement begins with a meeting to learn how the client's business works before a plan is agreed.

Key facts

• Based in: East Kilbride, near Glasgow, Scotland
• Led by: Phillip Simpson
• Accreditation: personally licensed by AAT