MSB Accounting Limited

Accounts Preparation

Annual / Statutory Accounts

For Limited Companies, it is compulsory to file annual accounts. MSB Accounting can prepare and file these accounts for you, ensuring deadlines are not missed and therefore avoiding penalties which could amount to £1,000.

We can also prepare annual accounts for Partnerships and Sole Traders.

Management Accounts

As well as preparing the Statutory annual accounts, MSB Accounting can also prepare Management Accounts to help management undertake effective decision making.

It is vital that management own these accounts, so we ensure, through constant discussions, that the information provided is helping the client to achieve their goals.

Through our experience, the client truly benefits from this service, if MSB Accounting also undertakes the book keeping services. This enables us to fully understand how the client organisation operates which results in more value added information.

Book Keeping Services

We can help improve the management of client's finances but undertaking the role of the accounts department. Our dedicated book keeping team operate very efficiently which often proves to be more cost effective than employing an in-house book keeper.

All aspects of book keeping are covered, including bank reconciliations, sales & purchase ledger reconciliations.

If required, we can also provide a credit control function, therefore enhancing cashflow.

Business Planning and Forecasting

A business plan is a vital document for any successful business. It should be open for constant review and change, to ensure the aspirations of growth and success are achieved.

At MSB Accounting, we have many years of experience in producing business plans which are tailored to meet the needs of various different stakeholders, such as management, banks and investors.

Business plans also help lay the foundations for regular forecasting. We offer various forecasting techniques to suit all types of business.

Payroll

We offer a high quality, secure and confidential payroll solution service combining both processing and advice.

We can calculate pay, process your payroll, supply the payslips and provide additional information as required from our confidential personnel databases.

Liaising with HM Revenue & Customs can be an onerous task. Therefore, we are able to undertake this task for you, providing the correct authority is given.

We can also complete the annual returns necessary for PAYE and NIC.

Taxation

Personal Tax Returns

MSB Accounting can help you complete the annual tax return, and therefore avoiding filing penalties.

We are also able to advise you on your tax liabilities, liaise with HM Revenue & Customs on your behalf (where authority is given) and discuss general tax planning opportunities with you.

Company Tax Returns

As with the personal tax returns, we offer the same services for Limited Companies, Partnerships and Sole Traders.

VAT

Many clients find dealing with VAT issues daunting. MSB Accounting can take on this responsibility for you.

Our expertise extends to every aspect of VAT, including;

• Negotiating with HM Revenue & Customs on liability issues
• Providing planning ideas to improve cash flow
• Identifying the right VAT scheme for your business

Company Formation

MSB Accounting can assist you in forming a company, whether it is tailor made or purchased from off the shelf.

Company Secretarial

For Limited companies there are a number of Statutory reporting requirements that have to be adhered to avoid filing penalties from Companies House.

We provide a high quality service ensuring your reporting requirements are filed within the necessary deadlines.

In addition, we are also able to provide other services such as:

• Accounting reference date - change & extending the period for filing accounts
• Allotment of shares
• Annual return - preparation & filing
• Appointment of director
• Appointment of secretary
• Change of name
• Change of registered office
• Dividend - interim
• Increase in nominal capital
• New company formation
• Preparing minutes of meetings
• Resignation of director / secretary
• Registration and Satisfaction of mortgage or charge
• Striking off under s. 652 Companies Act 1985
• Transfer of shares
• Updating Statutory Books and Registers

System Design and Implementation

Financial systems within an organisation need to be adaptable and flexible, whether computerised or manual.

MSB Accounting can offer various advice and guidance on financial systems, ranging from planning, right through to implementation.