An example of this may be a Sole Trader with a small trade who can supply all records of sales and purchases and uses a business bank account. This business would provide good records of all cash received and spent that has not involved the bank account.
This package may suit a general tradesperson such as a plumber, carpenter, electrician who is involved in domestic work and small contracts or a small hairdresser, or car repair business with no employees, trading under the VAT limit (£81k). Accounts for this type of business would be a job that is undertaken once a year.
from £180 per year
This would be the accounting package for a small to medium sized sole trader – with straightforward trade who can supply all records of sales and purchases, and uses a business bank account with records of all cash received and spent on business that has not involved the bank account.
This business may also use things like credit cards, credit accounts, and offer credit to their customers. This would be a more complex business which may employ staff.
Examples may include a hairdressing salon, small café or shop or a professional consultant such as an architect trading above £81k, but preparing their own VAT returns. This business would prepare their own bookkeeping records and provide us annually with a balanced set of “books” which would include detailed quarterly VAT analysis and a reconciled VAT account.
Small Limited Company accounts are far more complex to prepare as they must be prepared in a particular way and also must be submitted to HMRC in iXBRL format. In order to do this work we must purchase and maintain relevant software so as a business ourselves we must pass on those costs.
Prices for Ltd Co accounts for the types of business described in the two examples above but operating as a Ltd Co would not be less than £450 and would be prepared annually.