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Accountancy Services

W1 Finance Director has been providing bookkeeping and management accounting services for over 25 years to small and medium size companies. Contact W1 Office today for a bespoke quote regarding your specific accountancy and bookkeeping requirements and keep all your virtual office services under one safe and reliable roof. 

The attraction of this service is that we are able to provide a full bookkeeping and accounting service on usually once a week basis. This saves a huge cost to the client and still produces all the compliance work and provides very useful management accounts during the year which enhances the business direction and profits

We will always find the answer to any “so called problems” for your bookkeeping or accounting requirements, hence the old saying: “A problem is only a solution in disguise.” Everything is easy if you know how. This can only come about if you have good experience.

Our Finance Director and dedicated bookkeepers have been providing a service for many years and have acquired excellent experience in bookkeeping, VAT , payroll, management accounts, year end accounts and auditing.

Our philosophy is to provide a highly professional service at an affordable price and we look forward to servicing you above and beyond your expectations. Call us to discuss your requirements on 020 7788 7788

Accountancy

Our accounting services are fully comprehensive covering a wide variety of accountancy including company accounts, business accounts, management accounts and year end accounts.

We offer the following:
  • Produce and verify an aged creditors report monthly
  • Produce and confirm an aged debtors report monthly
  • Complete the bank reconciliation
  • PAYE/NIC control account
  • Net wages control account
  • Petty cash control account
  • Cash control account
  • Credit card reconciled
  • VAT control account
  • Directors loan account view
  • Trial balance
  • Prepayments and accruals
  • Preparation of the profit & loss account (monthly or quarterly)
  • Completion of the year end accounts ready for submission to your auditor
  • Sage - installing and setting up a new company account on sage editing to customise the chart of accounts, budgets, contribution to profits etc...

Bookkeeping

We can assure you that we can most certainly offer you a highly professional and accurate service while at the same time being affordable and price competitive.

We offer the following:
  • All purchase invoices are coded and posted to Sage
  • Payments posted via purchase book, nominal ledger, bank, online
  • Aged creditors report produced and verified with suppliers statements
  • All sales invoices are coded and entered to Sage
  • All bankings are posted (via the sales day book, via the nominal ledger bank receipts and online)
  • Aged debtors report produced and discussed with director for debt chasing
  • Bank accounts reconciled
  • All petty cash entered
  • All credit card payments are entered

VAT

Professional and affordable VAT service provided for your business. Our experienced bookkeepers will take care of your business needs.
Contact us now to discuss your requirements and get an instant free quote.

Value Added Tax
VAT can be daunting and time consuming for you and your business. Why not outsource all your VAT to us? We will take care of all your VAT paperwork. If you run a business you’ll need to know about VAT rates and registration thresholds.

Your VAT taxable turnover is the total of sales and certain other supplies you make that are subject to VAT, including supplies that are zero-rated. If you sell goods or services that are exempt from VAT they’re not subject to VAT and so they’re not part of your VAT taxable turnover. We will advise you of what bookkeeping records we will require in order to process and complete the VAT returns.

VAT calculations
VAT can be a complicated business, there are so many rules of what is allowable, disallowable, exemptions to the general rules etc. that there is no surprise that errors will occur if you don’t have the relevant experience. Contact our team of professional and experienced bookkeepers to carry out this work for you.

We offer the following:
  • Completing the VAT returns for submission to HM Revenue & Customs
  • Transferring the input and output vat to the control account at the end of each quarter
  • Preparing a VAT control account
  • Meeting and dealing with HM Revenue & Customs on any VAT matter
  • General advice

PAYE

Our payroll team of experts are highly experienced within the accountancy and bookkeeping profession and can handle all of your company payroll requirements.

We offer the following:
  • Payroll process weekly or monthly
  • Provide payslips standard or edited to record notes
  • Produce monthly PAYE/NIC report due for payment by 19th of each month
  • Statutory sick pay and Statutory maternity pay calculations
  • General advice
  • Journal preparation to insert the payroll info. in the accounts
  • Prepare the PAYE/NIC control account
  • Prepare the net wages control account
  • Produce the necessary P45 during the year
  • Provide any P46 for new employees without a P45
  • Complete the P35 at the end of the tax year
  • Meeting and dealing with HM Revenue & Customs on any payroll matter

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  • "Virtual office space can be complex and is full of hidden costs. W1 Office offer value for money and explain the myriad of options incredibly clearly."
© W1 Office Ltd. All rights reserved. Registered No. 05303127. VAT No. 853 5500 32. Registered office: 26 York Street, London W1U 6PZ