Lawrence Young - inspired business thinking

Call 01256 811415 or email.

News | clientZONE | Contact Us    

CIMA - Practising Certificate Holder
Probiz accountants
AVN - changing the numbers

Services >

Accounting & Compliance Services


We can relieve you and your business of a significant burden by taking care of all your bookkeeping and accounting needs. This ranges from making use of our in-house bookkeeping bureau to the preparation of your annual accounts. We will treat every business individually so that we can tailor our approach to your requirements.

Besides the core bookkeeping, we can also maintain your VAT records, prepare your payroll and take on ad hoc projects to free up valuable time for your staff to spend on YOUR core business.

We believe that our high level of IT literacy can help improve our efficiency and help our clients to set-up their accounting systems to be efficient and effective. We are Sage Accountants Club Members and can supply software and hardware, as well as implementation and advisory services.



Business planning

Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity, inefficiencies, and missed opportunities.

Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve and what your reasons for being in business are, and then developing a plan to help achieve these objectives.

We are well placed to help you develop these plans and have a considerable pool of experience and expertise to draw on. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan.

Contact us today for a strategic planning review.


Business start-up

Most people who start up in business do so because they have a good business proposition, not necessarily because they are experts in all the financial and administrative aspects of running a business that you also need to get right in order to succeed. These factors can often be quite daunting to the new entrepreneur, and this is where we can especially help by evaluating your ideas and helping you develop them into a feasible business plan and a successful business.

We can also help you:

  • Decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company)
  • Prepare a business plan, cashflow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank and/or potential investors
  • Assess your finance requirements and access the most appropriate sources of finance
  • Help to establish good relationships with banks, solicitors, and other necessary professional advisors via our well established network of contacts
  • Carry out registration procedures with Companies House, the Inland Revenue, and/or Customs and Excise
  • Set up an internal accounting and control system which complies with statutory requirements
  • Set up internal forecasting and reporting systems which help you to properly control your business

To find out how we can help your ideas become reality call us for a free initial consultation on 01256 811415 or 07788 148231.



Business valuation

One of our key objectives (and probably one of your key aims) is to help our clients increase the value of their business. Using software specially developed by the Added Value Network for use by member organisations, each year we can carry out a valuation of your business to help you to validate that you're on target. Each annual valuation exercise will include the preparation of a detailed report showing the current value of the business and ideas on how you can further increase the value of the business.


Company secretarial

When running a hectic business one of the things that often gets overlooked is compliance with the reporting requirements of the Companies Act ( ie "Company Secretarial" work).

To assist you here (and it's not an area you can really afford to ignore), if you can't afford to use you limited time making sure you are complying with the Companies Act (or don't want to) we can help by carrying out the company secretarial duties for you. Our services include:

  • Company formations
  • Preparation and filing of statutory returns
  • Preparation of all documentation (such as minutes and resolutions)
  • Maintenance of statutory books (share register, minute book, etc)
  • General advice on company law

However, even if you do outsource this work, you will need a working knowledge of how this legislation affects your company and its directors. To assist you in this, we can provide appropriate detailed or overview training.


Financial performance review

We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:

  • Graphs and charts illustrating how your business has performed this year
  • Ratio analysis to highlight trends and areas of strength and weakness
  • Detailed commentary advising you which areas of the business can be improved


Management accounts

The most important part of our compliance services is the preparation of periodic (normally monthly) management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information in the right format is vital to the continued success of your business. We can either carry out this function for you or help you set-up internal systems to generate the information.

We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.



Running your own payroll can be time consuming and complicated, particularly with the ever-increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties.

As with all other services, our payroll service is comprehensive and confidential. It includes:

  • Computer generated payslips
  • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
  • Completion of statutory forms (including year end returns)
  • Summaries and analysis of staff costs
  • Administration of incentive schemes, bonuses and ex-gratia termination payments.

Even (and perhaps especially) if you only have a few employees, you will make savings by engaging us to administer your payroll.



Statutory accounts

If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts in the appropriate format and filing them with Companies House for you.

As we do not agree with a single firm carrying our bookkeeping and advisory services AND audit services, we have made a conscious decision not to carry out regulatory audit work. However, we can recommend a list of 'independent' audit-qualified accountants for you to choose from, should you so wish.

(NB: In order to provide an 'independent' audit we should of course be independent from our client. This is of course the last thing that we want to be, as the success of our business model - for ourselves as well as our clients - relies on being an integral part of your business. If you are required to have an audit then we can help you get your records and accounts into a condition that will make your annual audit a short, cheap and painless process. Please contact us to find out how we can help you with this.)


Corporation tax

Corporation tax will represent a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance.

We can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income and /or corporation tax computations and preparing and submitting your partnership tax return or corporation tax self-assessment return.


PROBIZ Travel Card - The Global Travel PROBIZ MasterCard® Prepaid Card

© Lawrence Young. All rights reserved. | Help | Disclaimer | Cookie Policy | Site Map | Text Only

Follow us on twitterJoin up with us on Linked  InFind us on Facebook

powered by totalSOLUTION