Management Accounts · South East London
Management accounts in Lewisham Central
Statutory accounts tell a Lewisham Central 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 Lewisham Central
Owner-managed businesses in Lewisham Central 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 Lewisham Central, 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
Why Lewisham Central businesses file with IGI
One fixed fee for management accounts in Lewisham Central, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Lewisham Central get reminders at 60, 30 and 7 days before each date that applies to management accounts.
We serve Lewisham Central remotely by design: records by WhatsApp or email, drafts back for approval, filing electronic. The saving on premises is passed to you in the fee for management accounts.
Continuity matters in management accounts: the person who prepared last year's work for your Lewisham Central business prepares this year's, and remembers what was agreed.
We explain management accounts in the words Lewisham Central 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 Lewisham Central clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Lewisham Central
Lewisham Central is in South East London, within Lewisham, in the SE13 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 |
|---|---|---|
| Hither Green | 0.4 mi | SE |
| Lewisham | 0.4 mi | N |
| Ladywell | 0.5 mi | W |
| Lee Green, Lewisham | 0.8 mi | E |
| Rushey Green | 0.8 mi | SW |
| Catford | 0.9 mi | SW |
| Lee, Greenwich | 0.9 mi | E |
| Catford Bridge | 1 mi | SW |
Worth knowing
Rules that come up in this work
Corporation Tax rates and marginal relief
Corporation Tax is not a flat rate. Profits to £50,000 pay 19%, profits above £250,000 pay 25%, and the band between is taxed at an effective marginal rate of 26.5% through the marginal relief mechanism. Associated companies share the thresholds, which catches directors who own more than one company and is the most common cause of underpaid tax in owner-managed groups.
The VAT registration threshold
The £90,000 VAT threshold is measured over any twelve consecutive months, which is why a strong quarter can tip a business over unexpectedly. Registration must follow within thirty days of the end of the month the threshold was crossed. Below the threshold, voluntary registration is worth considering when customers are VAT-registered businesses and costs carry VAT.
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
Directors of their own companies usually take a salary at or just above the National Insurance thresholds, which keeps the year qualifying for State Pension and is deductible for Corporation Tax, with further income as dividends. Dividends above the £500 allowance are taxed at 10.75%, 35.75% and 39.35% by band and can only be paid from distributable profits after tax, with a minute and voucher each time.
Payments on account
Payments on account catch out most people in their second year of self-employment. HMRC assumes next year's tax will match this year's and collects half in January and half in July, in advance, on top of the balancing payment. If profits are dropping you can apply to reduce them, but reducing them too far attracts interest. We calculate the right figure rather than guessing.
The Self Assessment calendar
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Questions
Management Accounts questions from Lewisham Central
How does quarterly differ from monthly?
Same content, less often. Quarterly at £99 a quarter suits stable businesses that want a regular check rather than close monitoring. Monthly suits businesses that are growing, borrowing, employing or facing margin pressure, where a quarter is too long to wait to see a problem.
Can you provide management accounts for a group or multiple branches?
Yes. Branch or entity-level packs with a consolidated view are quoted as a fixed fee based on the number of units. Many franchisees and multi-site businesses use us for exactly this, with each site's performance visible alongside the total.
What adjustments do you make to the bookkeeping figures?
Accruals for costs incurred but not yet invoiced, prepayments for costs paid in advance, depreciation on fixed assets, stock movements where you hold inventory, and the Corporation Tax charge accruing. Without these the profit figure swings with payment timing and says little about performance.
Do I need bookkeeping with you to have management accounts?
It is simplest if we do the bookkeeping because the figures are current and we know the file, but we can produce management accounts from a well-kept file maintained by you or another bookkeeper. The pack is only as good as the bookkeeping, so if the records are behind we say so first.
What is in the pack?
Profit and loss for the period and year to date against budget or prior year, balance sheet with the main positions explained, cash movement, aged debtors and creditors, and a written commentary of a page or so on what changed and why. The £149 package adds a KPI dashboard; the £199 package adds a review call each period.
What is the difference between management accounts and statutory accounts?
Statutory accounts are the annual filing to Companies House, prepared to a legal format and backward-looking. Management accounts are internal, produced monthly or quarterly, in whatever format helps you run the business, with commentary and comparisons. They are not filed anywhere and exist to inform decisions.
How do I get started from Lewisham Central?
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 Lewisham Central 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 Lewisham Central 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.
Get a fixed quote for Lewisham Central today
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.