Services
Annual Accounts
Year-end accounts provide a summary of your business’s financial activity over a 12-month period. They include a profit and loss statement, a balance sheet, and several other reports, offering a snapshot of your financial health.
But regardless of whether you’re just trying to meet your end-of-year compliance requirements or you want a better grasp of your financial situation, we can help.
We provide an efficient, reliable and affordable year-end accountancy service. This includes the accounts preparation, discussion at the client meeting and subsequent filing of the accounts with both Companies House and HMRC.
We offer a comprehensive year-end accounting service, which includes:
- Comprehensive Financial Reporting
- Taxation Advice and Compliance
- Financial Insight and Planning
If you need help understanding the data, we can break it down into meaningful chunks. We can also provide extra reports or summaries to summarise the information in a format you prefer.
Financial Review
A financial review is a flexible and cost-efficient alternative to audit. Reviews can be designed with you to examine particular aspects of your operations and therefore deliver effective targeted reports.
How might our Financial Review help?
Financial Performance Analysis & Forecasting
Profit and Loss Statement: Reviewing your income and expenses with your Chartered Accountant can help identify trends and changes, allowing you to pinpoint where unexpected expenses are coming from.
Balance Sheet Analysis: Examining your assets, liabilities, and equity and will additionally let you understand your business’ financial position.
Cash Flow Statement: Lastly, you can look at your cash inflows and outflows to narrow down the largest expense categories as well as identity areas not giving a good return on investment, e.g. marketing campaigns, purchase of materials, delivery fees, etc. This can lead to conversations around adjusting inventory levels, renegotiating payment terms with suppliers, and more.
Budget vs. Actuals Comparison
Variance Analysis: Comparing your budgeted figures with actual performance can identify areas where you overspent or underspent as well as begin to outline where the budget changes occurred so you can figure out why they occurred.
Revenue Analysis: Discussing the reasons for any revenue shortfalls or peaks can help you plan for similar instances in the future to achieve favourable outcomes, e.g. were new products not successful in attracting customers or did you have an overwhelming number of customers and what steps were taken? This can lead to conversations around marketing and onboarding strategies as well as new channels for revenue growth.
Cash Flow Management
Accounts Receivable: Reviewing your accounts receivable and putting together a report of ageing invoices can identify clients who consistently pay late
(or even those who have missed invoices).
Cash Flow Forecast: Creating a cash flow forecast for the next six months can help to predict potential cash shortages and the months they may occur in,
as well as lead to conversions around stricter credit control, or even discounts for upfront bulk payment to entice buyers to pay more promptly.
Regular financial assessment help you to clearly show you the way forward and guarantee that your company is ready for any difficulty the future my present.
Bookkeeping Services
Financial control is critical to the success of every business, here at Athena Consultancy Group LTD we provide a whole spectrum of bookkeeping services to guarantee that your financial accounts are compliant. Working with startups, small businesses and limited companies, we bring attention to detail and a precision to bookkeeping that gives you a clear, overall view of the financial landscape of your business.
Our Bookkeeping services include:
- Financial Reconciliation
- Monitoring Expenditure
- Managing accounts payable and receivable
- Preparing regular financial reports
- VAT return preparation and submission
- Cash flow management and forecasting
- Managing and maintaining general ledgers
- Handling invoicing, payments, and debt collection
- Support with cloud-based accounting software
- Ensuring compliance with HMRC and other regulatory requirements
AI
AI-driven solutions, designed to enhance operational efficiency and strategic decision-making. Leveraging cutting-edge artificial intelligence and cloud technologies, this service enables businesses to automate complex processes, optimize financial management, and gain deep data-driven insights.
From predictive analytics and intelligent automation to secure cloud-based financial solutions, our AI services are tailored to drive innovation and scalability. Empower your business with the future of technology, ensuring precision, efficiency, and sustainable growth.