What We Do
Understandably, numbers aren’t everyone’s cup of tea. Even if you are a numbers person, managing your bookkeeping can take up a lot of time. Having an accountant you trust to take care of this for you will help free you up so that you can devote more of your valuable time to other critical activities, such as finding and winning new business.
Our bookkeeping service is tailored to your needs and can range from data entry right through to preparing and sending out invoices, and even chasing your customers for payment.
Posting Purchase Invoices
We’ll set up an accounts@email and you can arrange for all of your suppliers to send their invoices there. We’ll login regularly and post those invoices into your accounting system so your payables list is always up to date and we’re ensuring up to date reporting.
In order to ensure you have up to date lists of receivables and payables, and up to date financial reporting, we’ll login to your accounting system regularly and reconcile the bank transactions so you can rely on the accuracy of the information.
We’ll undertake a review every six months to ensure you are getting just what you need from your bookkeeping service.
When you start a new business, it’s vital that you receive the correct support and advice from the get-go to avoid any unforeseen complications further down the line. Every one of our Client Managers and Advisors is a fully trained accountant, so they have the knowledge to be able to guide you in all aspect of business finance, from choosing the correct company type (sole trader, LLP, Limited Company, for example) and notifying you of the tax implications of those decisions, to notifying relevant the bodies and departments of your company formation.
We have many years experiencing helping small businesses navigate from start-up to success, so we understand the challenges you’ll likely be facing at key milestones. However, we also recognise that every business is different, so what YOU want to achieve is always front of mind, ensuring that the advice we provide supports your end goal.
A Confirmation Statement, or annual return, is a snapshot of your company information at a particular date and must be filed each year. Not wanting to scaremonger, but if you fail to do this, you could be struck off and face fines of up to £3,000. Why not remove this worry and let us manage this for you?
The information required includes details about the directors and company secretary - if you have one appointed - the registered office, share capital and shareholdings. Your company information will be checked, confirmed with you and the appropriate form filed with Companies House within the deadline.
All companies must have a registered office address. This address is made available on the public register and certain information (e.g. financial statements) should be held there with the facilities for inspection upon request.
By enrolling onto this service, you’ll be able to keep your private address off public record (using ours instead), have your official letters dealt with immediately, any other correspondence forwarded to you the same day and you’ll also have your company name displayed at the entrance to the building.
Payroll / CIS / P11Ds
Rather than taking up lots of your time and energy wading through paperwork, use that time to focus on doing what you do well and outsource your payroll, P11Ds and management of your CIS scheme.
Our payroll service is tailored to the size and needs of your business and will guarantee that you are protected from continually changing Government legislation. We will also advise on opportunities to reduce your PAYE bill.
All your P11D payroll and CIS queries can be handled by your Client Manager too, and you’ll be kept informed regularly of the changes that are relevant to you as an individual and as an employer or contractor.
So, wave goodbye to form filling, software updates, legislative changes and dealing with difficult questions from your employees, subcontractors or HMRC. This service will remove this administrative burden, freeing you up to focus on business growth.
If you’re focused on growth, even if you are the smallest of businesses now, having a trusted accountant working with you to fulfil the role of Finance Director will help you achieve your targets.
Management Accounts and Review Meetings
Management accounts are prepared for internal use, as opposed to the accounts which are needed for HMRC and Companies House, which means the format and frequency of them can be tailored to your specific needs.
We will work with you to define the Key Performance Indicators that underpin the success of your business. These will be a combination of financial and non-financial measures. We'll put these into a separate report each period (decided by you) and provide our analysis of the results, working with you to improve the results over time. These reports will highlight whether you’re making a profit, you’ll be able to understand where that profit is coming from and see if it has increased or declined, providing insight into the current financial health of your business and informing your action plan.
We’ll host face-to-face meeting to address anything you want to discuss with us, as your professional advisers, and highlight anything that we have identified as areas that will benefit from closer attention, guided by the reports presented in the meeting.
Budgets & Forecasts
Every business should have a three year financial budget to outline where it’s heading. This gives direction to the board and the entire team as to what the business is trying to achieve so you are all working in sync. We’ll create, manage and update a rolling 12-month three-way forecast of profit and loss, cashflow and the balance sheet so you always know what the future financial performance and position of the business looks like, based on what we already know today through committed sales and costs. This service is about bringing the future into the present so you can act upon the knowledge gleaned.
Imagine how much more successful and profitable your business would be if leading entrepreneurs, like yourself, were by your side to help you to drive it forward. Ask yourself how much easier and quicker it would be to solve problems and capitalise on opportunities if you could tap into the experience and expertise of these business leaders and professionals.
Our team can work with you to turn your business dreams into reality. Using a highly structured process, we help you probe, identify and create breakthrough strategies to dramatically improve your sales, profits and prospects.
Together, we will address the issues most pertinent to the success of your business, covering areas such as:
- How to set and achieve your personal and business goals
- How to identify and tackle the major challenges facing your business
- How to sell your products and services for what they are really worth
- How to win more customers, and earn more money from them
- How to develop sales systems that minimise your advertising costs
And, above all, how you can build a more profitable business that is worth much more when you come to sell or retire, giving you the time and money you need to enjoy all of the other non-business things that are important to you.
Pension Auto Enrolment
Pension reform is about more than just setting up a pension. Once the scheme has been set up you have a number of ongoing legal duties, such as:
- Assessing employees every pay reference period (e.g. monthly and/or weekly)
- Automatically joining employees to the pension scheme and paying an employer contribution
- Facilitating instructions from employees who wish to opt-out of the pension scheme
- Providing a route for employees to opt-in to the pension scheme
- Re-enrolling employees who have chosen to opt-out of the pension scheme every 3 years
- Filing your pension reports with your pension provider
We can manage all of this on your behalf, reducing your paperwork and ensuring that your company fulfils its duties.
Late payments have a marked impact on the directors of businesses, in terms of reduced salaries, limiting the resources available to plough into future business growth opportunities, but also the stress and strain of chasing up outstanding payments.
When you are already running a business and managing a team, finding the time to chase up invoices can seem like a task that never reaches the top of the to-do list. But given the issues it can cause to cash flow, we’d encourage every business owner to make it a priority, whether that’s doing it yourself or letting us take on that work for you.
Our credit control offering includes:
- Sending correspondence
- Weekly calls
- Follow-up letters
- Keeping the pressure on until the invoice is paid
We can relieve you of the pressure, allowing you additional time to look at how you can use your newly increased cashflow to benefit your business.
As a new client of Blue Rocket Accounting I have been blown away by the support they provide. Not only do they deliver excellent accountancy services, they have been there for their clients 24/7 during the pandemic, from dispensing jargon free digests of government announcements to setting up a WhatsApp group to provide support and networking.
We struggled for years to find a good accountant for our business. 4 years in and we have finally cracked it with the team at Blue Rocket. Unrivalled support and customer service, a genuine willingness to help, and overall exceptional support and knowledge. Can’t recommend them enough.
Blue Rocket stand out from other accountants, and not just because their brand has a personality. Having them support me by keeping my accounts in check means that I am freed-up to focus on what I am good at, allowing me to grow my business.
Blue Rocket suggested I changed the way I was getting paid as a director. This saved me over £10,000 which I was then able to put back into the business.
The team at Blue Rocket have been absolutely excellent. They are always patient and get back to me quickly. I make use of their support often and ask a lot of questions, which they answer in a way that makes things very clear.
The difference Blue Rocket made to the way I manage my business is something I could never have anticipated. I now believe that my goal of paying my mortgage off early is achievable due to the support I was given, which allowed me to make a strong start.
We’re honoured to be recognised for our hard work and customer service.
Here are some of the accolades we’ve achieved.