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Yes. Every limited company must prepare and file statutory accounts annually.
Companies House issues automatic penalties for late filing, starting at £150 and increasing up to £1,500.
Absolutely. We can work with Xero, QuickBooks, FreeAgent or spreadsheets.
Yes. Your accounts form the basis of your corporation tax calculation.
MTD is HMRC’s initiative requiring businesses and individuals to keep digital records and submit tax information through approved software.
All VAT‑registered businesses must follow MTD rules. MTD for Income Tax will apply to many sole traders and landlords in the coming years.
Yes. We’ll migrate your data, set up your system and ensure you’re fully compliant.
Absolutely. Accurate digital records and timely submissions significantly reduce compliance risks.
Yes. Software helps automate tasks, but it doesn’t replace professional oversight or ensure your records are accurate and compliant.
Most clients choose monthly or quarterly updates depending on their transaction volume and reporting needs.
Absolutely. We’ll migrate your data, set up your system and show you how to use it effectively.
Yes. Clean, organised records make year‑end accounts and tax returns faster and more cost‑effective.
Yes. Every limited company must maintain statutory registers and file updates with Companies House.
Incomplete registers can lead to compliance issues, penalties and complications during due diligence or investment.
You must register if your taxable turnover exceeds £90,000, but voluntary registration can be beneficial for some businesses.
It depends on your turnover, expenses and industry. We’ll help you choose the most tax‑efficient option.
Yes. We set up your digital records, provide training and ensure full compliance.
HMRC may issue penalties or interest charges. Our service ensures deadlines are never missed.
Yes, Directors still require payroll processing and RTI submissions.
Absolutely. We handle setup, assessments and ongoing contributions.
HMRC may issue penalties. Our service ensures deadlines are never missed.
Yes. All payslips are delivered securely online.
No. Assurance engagements are more flexible and can be tailored to specific areas, whereas audits follow a statutory framework.
AUP (Agreed-upon procedures) engagements involve performing specific tests agreed with you or your stakeholders, with factual findings reported.
Yes. Many lenders and investors request independent assurance to support financial information.
Absolutely. We provide clear recommendations and practical guidance.
Statutory accounts are mandatory annual reports for external regulators like Companies House, whereas management accounts are voluntary, frequent internal reports used for business decision-making.
If you want better visibility, stronger planning and clearer insight, management accounts are extremely valuable.
Absolutely. We build dashboards around the metrics that matter most to you.
Yes. Performance review meetings are included in most packages.
Management accounts provide regular reporting; a Business Health Check provides a deeper, one‑off diagnostic review.
Yes. Every review includes clear, practical actions you can take.
Yes. This allows us to analyse your financials accurately.
Absolutely. Small businesses often benefit the most from independent insight.
No. This is a tailored operational review focused on processes, controls and efficiency, not statutory audit requirements.
Yes. We can document as many processes as you need, from finance workflows to operational procedures.
Absolutely. A clear processes and controls manual is ideal for training new staff.
Yes. We highlight risks and provide practical recommendations to strengthen controls.
If you have subsidiaries or control other entities, consolidated accounts are often required or strongly recommended.
Yes. We identify, reconcile and eliminate all intercompany balances and transactions.
Absolutely. We handle translation adjustments and consolidation of overseas entities.
Yes. Our working papers and consolidation journals make audit review significantly smoother.
Yes. Management accounts show where you are; forecasting shows where you’re going.
Absolutely. Forecasting highlights issues early and helps you plan solutions.
Yes. Small businesses often benefit the most from structured planning.
Yes. We prepare clear, professional forecasts suitable for funding applications.
‘Lumora Accounting’ is the trading name of ‘Lumora Accounting Limited’, a limited company registered in England & Wales (Registered number: 16764376). Our members include James Bayley (ACA) and Natalie Royle (ACA). Regulated by the Institute of Chartered Accountants in England & Wales (Registered firm number: C011009878). VAT Registration number: 525368873