Financial Reports

Q: WHAT INITIAL ASSITANCE CAN BE PROVIDED BY YOUR ACCOUNTANT?

Initial assistanceInitial consultation/advice on the most appropriate business structure.Companies House can help you incorporate your business (if a limited company).If you’re a sole trader or a partner in a partnership, you must register for self-assessment.Help you open a bank account for your business.VAT registration if required for your business.Make a Corporation Tax registration for your business (for limited companies).Set up a PAYE account for your company.Create a payroll system for all employees.

Q: WHAT ONGOING TASKS DO ACCOUNTANTS PROVIDE?

Monthly or quarterly accounting tasks that are ongoingBookkeeping on a monthly or quarterly basis.Submit VAT returns on a quarterly basis.Run the monthly pay run (and make sure you’re in compliance with the new RTI standards).Provide all employees with pay slips on a monthly or weekly basis.Prepare the company’s annual financial statements.Annual Tax Return for Corporations (CT600).Dividend declarations.Management reports.Companies House will receive your Annual Return (AR01).Changes to your company’s information will be reported to Companies House.Provide mortgage or rental agreement references.Any correspondence from Companies House and HMRC will be dealt with.

Q: WHAT ADDED VALUE SERVICES DOES MORE THAN ACCOUNTANTS PROVIDE?

Added-value servicesFilling out your self-assessment form. All self-employed people and company directors are required to file one, and a partnership is required to file a separate return in addition to the returns of its members.If necessary, providing a registered office address for the limited corporation.Making IR35 contract assessments available to the public (if you are a personal service company, such as an IT contractor).Ongoing proactive tax advice.facilitating access to commercial insurance providers (PI insurance, tax investigation, business liability).Services provided by IFA (advice on financial services products, such as mortgages, pensions, and life insurance).

Q: WHAT ARE MY RESPONSIBILITIES WHEN WORKING WITH AN ACCOUNTANT?

Your ResponsibilitiesYour accountant can only fulfil their responsibilities to you if you supply them with the information they need on time and accurately.You’ll have to list all of the invoices you’ve received, as well as any costs you’ve claimed and any additional revenue or expenses.All correspondence from Companies House or HMRC, as well as copies of your bank statements, must be forwarded.Depending on how ‘online’ your accountant is, many of these duties may be simply accomplished via the internet.

Most small business owners are passionate about their products or services — not about managing accounts and bookkeeping. At Asmat & Accountants, we take care of the complex financial tasks so you can focus on what you enjoy most. Our team of experts stays on top of your accounting and tax responsibilities, giving you peace of mind.

We prepare your monthly or quarterly Profit & Loss Accounts and Balance Sheets, while also providing personalised guidance. Your dedicated accountant will offer tax estimates and actionable advice, helping you make informed decisions for your business growth.

We provide a full range of services including company accounts, tax returns, VAT returns, online bookkeeping, self-assessments, payroll, and more. Our expertise extends to sole traders, limited companies, partnerships, LLPs, small businesses, contractors, and individuals across the UK.

What sets us apart is our all-inclusive unlimited service plan — a fixed monthly package that covers every accounting need a UK business may have, with no hidden costs. Whether you’re just starting out or looking to simplify your financial management, we’re here to support you with expert guidance and proactive advice.

What's the process for completing your financial reports?

Give the Green Light ...

Join Asmat Accountants and become a client by generating a quote on our website or calling us on 01753 424 968 .

Collecting the right information ...

We will gather all the necessary information directly from you to ensure everything is accurate and complete. If required, we will also contact your previous accountant on your behalf, making the process as smooth and hassle-free for you as possible

Tax Return Production …

Our expert accountants will compile your company or personal tax return in the most tax efficient way possible.

Submission to the relevant authorities …

We will submit your tax return to HMRC and Companies House if possible.

Our Expertise

Sole Traders

Simple, all-inclusive accounting services at a fixed price.

Limited Companies

Professional accounting support tailored for your limited company.

Partnerships

Qualified accountants delivering expert accountancy services for partnerships.

Limited Liability Partnerships

Expert accountants delivering tailored services for Limited Liability Partnerships.

Contractors

Hassle-free accountancy solutions tailored to contractors and freelancers.

Other Accounting Services

Explore our full range of professional accounting services.

From the simplest questions to the biggest concerns — we’re here to help.

A truly unlimited accounting package that meets all your needs with complete transparency — no hidden costs, and a guaranteed response to your enquiries within three hours.

Unlimited support via phone and email

Absolutely no hidden fees

Guaranteed response within 3 hours

Trust the professionals with your numbers

We’re here to support your growth and reduce your tax liabilities.

Our goal is to support your business growth while reducing your tax burden. With monthly or quarterly management reports generated through QuickBooks Accounting Software, you’ll gain clear insights to make smarter business decisions. Plus, your accountant will be equipped to provide you with ongoing tax guidance every step of the way.

Monthly or Quarterly Management Reports

QuickBooks Subscription Included

Ongoing Expert Tax Advice

Ready to join us? We’ll handle it all for you!

Once you give us the go-ahead, we seamlessly take over all your accounting needs. If required, we’ll liaise directly with your previous accountant on your behalf, ensuring your accounts and tax matters are brought fully up to date without delay.

We liaise with your existing accountant on your behalf.

We handle HMRC approval to become your appointed accountant.

You stay focused on what you do best — running your business.

Frequently asked questions

WHAT DO ACCOUNTING SERVICES INCLUDE?

The services provided may, predictably, vary depending on the bundle you choose, and some products may be priced separately.

Make sure you have a breakdown of their responsibilities to you, as well as the costs of any ‘extras’ that may be charged on top of the monthly accountancy fee, before you sign up with a new accountancy service. More Than Accountants do not have any “extras” our fixed monthly fee covers all your accountancy needs.

WHAT INITIAL ASSITANCE CAN BE PROVIDED BY YOUR ACCOUNTANT?

Initial assistance

- Initial consultation/advice on the most appropriate business structure.
- Companies House can help you incorporate your business (if a limited company).
- If you’re a sole trader or a partner in a partnership, you must register for self-assessment.
- Help you open a bank account for your business.
- VAT registration if required for your business.
- Make a Corporation Tax registration for your business (for limited companies).
- Set up a PAYE account for your company.
- Create a payroll system for all employees.

WHAT ONGOING TASKS DO ACCOUNTANTS PROVIDE?

Monthly or quarterly accounting tasks that are ongoing

- Bookkeeping on a monthly or quarterly basis.
- Submit VAT returns on a quarterly basis.
- Run the monthly pay run (and make sure you’re in compliance with the new RTI standards).
- Provide all employees with pay slips on a monthly or weekly basis.
- Prepare the company’s annual financial statements.
- Annual Tax Return for Corporations (CT600).
- Dividend declarations.
- Management reports.
- Companies House will receive your Annual Return (AR01).
- Changes to your company’s information will be reported to Companies House.
- Provide mortgage or rental agreement references.
- Any correspondence from Companies House and HMRC will be dealt with.

WHAT ADDED VALUE SERVICES DOES MORE THAN ACCOUNTANTS PROVIDE?

Added-value services

- Filling out your self-assessment form. All self-employed people and company directors are required to file one, and a partnership is required to file a separate return in addition to the returns of its members.
- If necessary, providing a registered office address for the limited corporation.
- Making IR35 contract assessments available to the public (if you are a personal service company, such as an IT contractor).
- Ongoing proactive tax advice.
- facilitating access to commercial insurance providers (PI insurance, tax investigation, business liability).
- Services provided by IFA (advice on financial services products, such as mortgages, pensions, and life insurance).

WHAT ARE MY RESPONSIBILITIES WHEN WORKING WITH AN ACCOUNTANT?

Your Responsibilities

- Your accountant can only fulfil their responsibilities to you if you supply them with the information they need on time and accurately.
- You’ll have to list all of the invoices you’ve received, as well as any costs you’ve claimed and any additional revenue or expenses.
- All correspondence from Companies House or HMRC, as well as copies of your bank statements, must be forwarded.
- Depending on how ‘online’ your accountant is, many of these duties may be simply accomplished via the internet.