This package is tailored for UK start‑ups established within the last two years, covering the full accounting journey from company incorporation to the filing of your first annual accounts. We understand that early‑stage businesses have limited resources and face numerous compliance requirements, so we have designed this cost‑effective “one‑stop” compliance solution to let you focus on product development and market expansion.
Company Registration and Accounting System Setup – We assist you with company registration at Companies House to obtain your Company Number and UTR (Unique Taxpayer Reference). We set up a corporate accounting system compliant with UK Financial Reporting Standards (FRS 105 or FRS 102), including a tailored chart of accounts, cost centres, and project codes, ensuring from the outset that your financial data is standardised and complete.
Monthly Bookkeeping and Transaction Classification – Each month, our experienced bookkeepers process all business transactions – sales invoices, purchase receipts, bank transfers, credit card transactions, expense claims, etc. We classify each transaction into the correct accounting categories and upload everything to the cloud platform, allowing you to log in anytime to view your up‑to‑date financial position.
Bank Reconciliation and Cash Monitoring – Bank transactions are automatically synchronised and reconciled on a weekly basis. We actively monitor your cash flow and alert you when the balance falls below a pre‑set threshold, providing practical recommendations to improve liquidity.
Statutory Annual Financial Statements Preparation – At the end of each financial year, we prepare full statutory financial statements from your monthly bookkeeping data, including the Profit & Loss Account, Balance Sheet, and Cash Flow Statement, all prepared in accordance with UK GAAP and ready for filing with Companies House and HMRC.
Annual Accounts Submission – We file your annual accounts (abridged or full, depending on company size) with Companies House and submit the Company Tax Return (CT600) to HMRC, calculating the Corporation Tax due. We track all filing progress and ensure all submissions are made before the statutory deadlines.
Payroll Support – If you have employees, we help set up your PAYE payroll system, calculate monthly wages, deduct income tax and National Insurance, and file Real Time Information (RTI) submissions with HMRC. We also provide P60 annual tax summaries and P11D benefits‑in‑kind returns where applicable.
Tax Compliance Reminders and Planning – We create a tailored tax compliance calendar, reminding you well in advance of all filing and payment deadlines for Corporation Tax, VAT, PAYE, etc. We also offer quarterly tax planning consultations to help you take advantage of reliefs and incentives available to start‑ups.