Management Accounts · North West London
Management accounts in North West London
Management accounts for North West London companies that are growing, borrowing or raising investment, where lenders and investors expect to see a monthly pack. We deliver the pack on time every period, with accruals and prepayments posted so profit is not distorted by payment timing, and KPIs chosen for your business rather than a generic template. Fixed fee, agreed in writing.
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 North West London
Owner-managed businesses in North West London 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 North West London, 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 North West London businesses file with IGI
The price for management accounts is published on this page and is what a client in North West London pays. We confirm it in writing first, and the invoice matches the quote.
Nothing for North West London is left to the last week. Each deadline relevant to management accounts is tracked from the day you join, with the next four shown on every page we send you.
Online only, UK based. There is no office in North West London 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. North West London clients message the same person throughout and get an answer in working hours, usually within a few hours.
Plain English, with the numbers. Every draft for North West London comes with a short explanation of what the figures mean and what, if anything, you should do about them.
Approval before filing is a rule, not a courtesy. For management accounts in North West London, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About North West London
North West London is in North West London, within Brent, in the NW2 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 |
|---|---|---|
| Dudden Hill | 0.3 mi | SW |
| Dollis Hill | 0.5 mi | S |
| Neasden | 0.6 mi | SW |
| Willesden | 0.8 mi | S |
| Mapesbury | 0.9 mi | E |
| Willesden Green | 0.9 mi | SE |
| Cricklewood | 1.0 mi | E |
| Staples Corner | 1.0 mi | NE |
Worth knowing
Rules that come up in this work
Closing a company
A solvent company that has finished its purpose can be dissolved by voluntary strike-off: form DS01 with a £13 Companies House fee, after three months without trading and with all debts paid, final accounts and tax return filed, and assets distributed. HMRC objects to any application where returns or tax are outstanding, so the sequence matters more than the form.
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.
Allowable expenses
The expenses sole traders most often miss are home working costs, claimed by actual proportion or HMRC's flat rate, the business share of phone and internet, mileage at 45p for the first 10,000 business miles, and training that maintains existing skills. The ones most often claimed wrongly are commuting, entertaining customers and clothes that could be worn outside work.
Record keeping
HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.
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
Crypto tax splits into capital gains on disposals and income on rewards, with different rates and different reporting. The £3,000 annual exempt amount and the 18% and 24% rates apply to gains; staking, mining and airdrop income is taxed at marginal income tax rates. HMRC's nudge letters to holders have increased sharply, and a voluntary disclosure before one arrives is treated far more leniently.
The trading and property allowances
Small side incomes are covered by two £1,000 allowances, one for trading and one for property, which remove the need to register or report income below that level. Once income exceeds £1,000, the allowance can be used in place of expenses, a choice worth making deliberately: a freelancer with £900 of costs is better off with the allowance, one with £3,000 is not.
Questions
Management Accounts questions from North West London
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 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.
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.
Is management accounts in North West London really the same price as elsewhere?
Yes. The fee published on this page is what a client in North West London pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Do you have an office in North West London?
No. IGI Accounting is an online-only firm. We serve North West London and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for management accounts is the same in North West London as anywhere else in the country, and why there is nothing to visit and nothing to print.
Start the conversation from North West London
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.