Ledger Accounting Services Ltd

Many small firms cannot afford a finance department, which is where Ledger Accounting Services steps in as an off-site, in-house accounts team. It is a limited company practice that builds each package around the individual business and works with small and medium sized businesses, start-ups and contractors in the United Kingdom.

Accounts, tax and VAT

The practice prepares annual accounts for sole traders, limited companies and partnerships, and produces company tax returns, self-assessment and business tax work. VAT compliance is handled for clients who find the rules and the demands of HMRC hard to follow. Tax investigations support is also listed among its services.

Bookkeeping and payroll

A full bookkeeping service can be arranged around a client's available time, and payroll is run so that deadlines are met. Management accounts give smaller businesses regular figures, and cash flow forecasting helps them plan, a task the practice calls vital to any business. Cloud accounting solutions are offered, and the team has working knowledge of Sage, Xero and QuickBooks.

Contractors and the Construction Industry Scheme

Firms in the building trade can call on the practice for help with the Construction Industry Scheme, including the additional information that contractors need.

Starting a business

For new ventures, the practice supplies company formations and business start-up support, together with advice on the most suitable structure.

An outsourced finance function

Some clients outsource accounting entirely. For them the practice provides software and consumables as well as its expertise, and it describes itself as a strategic ally that becomes part of the client's business as the relationship grows. Its staff include qualified bookkeepers, an accounts senior and a specialist in year-end accounts and company tax, and one team member qualified through an apprenticeship with the practice.

Standards

The practice belongs to two professional bodies, the Institute of Financial Accountants and the Association of Accounting Technicians, and says this keeps it up to date with changes in legislation. Clients, it says, describe it with the words integrity, professionalism and flexibility.