Business On Par

Accountancy, Audit and Assurance

Accounts

Our main discipline is preparing accounts for both internal and external reporting purposes, Accounts can originate from a jumble of invoices, bank statements, cheque stubs and paying-in books, or from fully reconciled spreadsheets received via e-mail by one of our fully qualified accountants, or from another workable format in between the two.

The main aim of producing statutory accounts is to report on the performance and financial position to the stakeholders of a business but we will also advise you on the following:

  • The resulting taxation consequences,
  • The view the accounts present to bankers, potential investors, credit rating agencies and to your competition,
  • Industry standards for the accounting policies followed to prepare these statutory accounts.
Engaging us to prepare your statutory accounts will free you from the worry of evaluating how your business has performed. We will ensure all technical disclosures are correct. We will make sure your accounts are prepared on time to meet the statutory filing deadlines ensuring that no late filing penalties are incurred. When preparing your accounts, we will actively seek proven techniques to save you tax, conscious that your tax liability is related to the results.

Management Accounts

Many businesses receive their annual accounts months after their year end. These accounts serve no purpose in the management of the business other than to comply with tax and statutory reporting duties.

We at Marshall Smalley, think businesses should take a different, more cost effective approach. Opting for accurate monthly management accounts will allow you to monitor your business performance closely and enable you to take timely action to maximize your profits.

Benefitting from regular contact with your advisor will give you a clear understanding of the business that, in itself, means pertinent advice is available to you immediately.

Accurate management accounts can easily be converted to final tax or statutory accounts and where applicable, audit costs are minimised.

This service provides professional financial management of the business at a fraction of the cost of employing full-time accounting staff.

We can offer a service tailored to meet your individual business requirements which might include:

  • Attending your premises to complete monthly, quarterly, half yearly management accounts.
  • Meeting with you to discuss the results, performance indicators and tax implications.
  • Assisting with accounts and staff training to help you overcome any processing problems.
  • Preparing VAT returns at the same time as management accounts

Audit

As Registered Auditors, we are able to provide the statutory audit services required under corporate, charities, pensions and friendly society legislation. We also offer this service to organisations which require a non-statutory audit under their own constitution.

Our audits are carried out in accordance with legislation and best practice, using our own proven internal quality control procedures. In addition to providing the business assurance required, we carry out audits with the supplementary aim of detecting problems, pinpointing efficiency improvements and revealing opportunities which could add value to your organisation.

We also have experience in the following specialist auditor assignments:

  • Internal audit
  • Due diligence audit work
  • Reporting on expenditure related to other government grants (including National Lottery funding)
  • Advising on the new audit exemption rules for SME limited companies
Audit and assurance services are provided through Marshall Smalley (Audit) Limited.

Assurance

Although successive legislation continues to relax the legal requirement for audit, many organisations, still, either, opt to have a statutory review, or voluntarily request an audit so that they can benefit from the financial assurances it provides. This gives the stakeholders of an organisation the peace of mind that the finances are properly controlled and reported as they should be. It also allows us as advisers, to gain a deeper understanding of the business and how it works which enabling us to offer a more pro-active business, financial and tax advisory service.
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