Management Accounts · West London
Management accounts in Colville
Statutory accounts tell a Colville business how last year went, nine months after it ended. Management accounts tell you how this month went, two weeks after it ended, with a commentary explaining why. We produce them from your bookkeeping on a fixed working day each period, for a published fee, with the adjustments that make the figures true.
from £99/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
Who this is for
Management Accounts for Colville
Owner-managed businesses in Colville with turnover from around £250,000 upwards that are making decisions during the year: companies with staff, stock or borrowing, businesses preparing to raise finance or sell, franchisees reporting to a franchisor, companies with external shareholders or a board, and any owner who has decided that once a year is not often enough to know how the business is doing.
What is included
Everything inside the fixed fee
- Profit and loss for the period and year to date, against budget or prior year where available
- Balance sheet with debtors, creditors, cash, stock and loan positions explained
- Written commentary on the movements that matter and what is driving them
- KPI dashboard with the measures agreed for your business, in the £149 package
- A review call each period to go through the pack and the decisions it points to, in the £199 package
- Accruals, prepayments and depreciation posted so the figures are accurate rather than cash-based
How it works
Management Accounts from Colville, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
What you get in Colville
No hourly rate and no surprise invoice. Colville clients know the fee for management accounts before they send a single document, and it stays fixed.
Deadline-first: the dates that matter for management accounts are shown at the top of this page, diarised for every Colville client and chased before they arrive.
Online only, UK based. There is no office in Colville to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
You get one contact for management accounts, not a queue. Colville clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain management accounts in the words Colville business owners use, not in accountant's shorthand, and we show our working so you can check it.
You stay in control of management accounts: drafts go to Colville clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Colville
Colville is in West London, within Kensington and Chelsea, in the W11 postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Portobello, Kensington and Chelsea | 0.1 mi | NW |
| Ladbroke Grove | 0.3 mi | W |
| North Kensington | 0.3 mi | NW |
| Notting Hill | 0.4 mi | S |
| Pembridge | 0.4 mi | SE |
| Norland | 0.5 mi | SW |
| Notting Barns | 0.5 mi | W |
| Westbourne, Westminster | 0.6 mi | NE |
Worth knowing
Rules that come up in this work
The VAT registration threshold
Watching the rolling twelve-month turnover figure is one of the quiet jobs of monthly bookkeeping, because the £90,000 VAT threshold arrives silently. Crossing it brings quarterly returns, Making Tax Digital software and a decision about schemes. Crossing it late brings a bill for VAT you could not recover from customers and a penalty for failing to notify.
Director's loan accounts
Money taken from a company has to be something: salary, dividend, expense reimbursement or loan. If it is a loan and remains outstanding nine months after the year end, the company pays tax at the dividend higher rate on it until it is repaid. Clearing the balance with a properly declared dividend before the deadline, where reserves allow, is routine year-end work.
Salary versus dividends
Paying yourself from a company involves two routes with different tax treatment. Salary through payroll is a company expense and builds a National Insurance record; dividends come from post-tax profit at lower personal rates. Undocumented drawings that are neither become director's loans, with a 35.75% section 455 charge if not repaid within nine months of the year end.
Closing a company
Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.
Switching accountants
The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.
The 60-day property CGT return
Since April 2020 a gain on UK residential property must be reported and the tax paid within 60 days of completion through HMRC's dedicated service, separately from the annual return. Non-residents must report all UK land disposals in the same window whether or not tax is due. Getting the computation right first time matters because the figure is then carried into the Self Assessment.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
Questions
Management Accounts questions from Colville
Can management accounts help with Corporation Tax planning?
Yes. Because the pack shows profit accruing through the year, decisions about capital expenditure, pension contributions and dividend timing can be made before the year end rather than discovered after it. We flag these opportunities in the commentary as they arise.
Will lenders and investors accept your management accounts?
Yes. Banks, invoice financiers and investors routinely ask for monthly management accounts as a condition of facilities or as part of due diligence, and our packs are in the format they expect. We can also produce the specific covenant calculations a facility requires.
What is the review call?
A 30 to 45 minute video call each period in the £199 package to go through the pack, discuss what it shows and what decisions it points to. It is the part clients value most, because numbers on a page do not ask questions and we do.
Can you compare against a budget?
Yes, if you have one. If you do not, we compare against the same period last year and, if you want one, help you build a simple budget as part of the first quarter. Variance against budget is the most useful single comparison in the pack once a budget exists.
Which KPIs do you report?
Those that drive your business, agreed at the start: gross margin by product or service line, revenue per employee, debtor days, stock turn, cash runway, utilisation for a service firm, average order value for a retailer. We recommend a short list and refine it over the first quarter. A dashboard with twenty numbers is one nobody reads.
When does the pack arrive?
On a fixed working day agreed with you, typically the 10th to 15th of the following month for monthly packs, provided the bookkeeping is complete by the 5th. Quarterly packs follow the quarter end on the same basis. If your records arrive late the date moves and we tell you.
How do I get started from Colville?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for management accounts. Once you confirm, we tell you exactly which records to send and the work begins. Most Colville clients are set up within a day.
Which deadlines matter most for management accounts?
The next four dates that apply to management accounts are shown at the top of this page, calculated from today. For Colville clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
Start the conversation from Colville
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.