MAP Accounting Limited, London (2026)

MAP Accounting provides wide range of accounting & bookkeeping services to small to medium size business. We are also specialist in contracting accounting. We provide all accounting & bookkeeping services at fixed monthly price. The services we offer:

Bookkeeping: The preparation of your annual accounts and other business reports depends on accurate and timely bookkeeping. We can assist your

business by:

•Day-to-day Bookkeeping matters

•Bank Reconciliation

•General Ledger maintenance

•Preparation of VAT Returns and submission to HMRC.

•Record your invoices to appropriate nominal codes

•Cash flow management

Management Accounts: We can help you strategically plan your next business decision by undertaking in-depth analysis of your accounts and financial situation. We can prepare management reports on a monthly or quarterly basis. These reports are prepared in accordance with your policies and requirements. Our management reports include:

•Profit and loss statement

•Balance sheet

•Budgets and forecasts

•Variance Report

•Income & Expense Trend Reports

•Accruals and prepayment Schedules

•Projected Accounts

Year End Accounts and Corporation Tax: We can prepare your yearend accounts using your completed and/or uncompleted bookkeeping records.

•A full set of Accounts

•Completion of abbreviated accounts for company house

•Preparation of Corporation Tax Computations

•Submission of the corporation tax return (CT600) To HMRC.

•Tax planning

•Submission of annual return to Company house

Personal Tax Returns: We provide personal tax return services to self-employed people & company directors. We will make sure you meet HMRC requirement and submit your self assessment return before statutory time limit. We provide following services to self employed people,

• Register as self employed
• Pay class 2 NIC (approx. £33 quarterly)

• Book-keeping and bank reconciliation

• Accounts preparation (only income statement)

• Tax planning

• Submission of tax return to HMRC (after claiming all the reasonable expenses)

We will make sure you have claimed all the business related expenses. Payroll & RTI Submissions: We can assist with all payroll matters including Employer PAYE registration, running weekly or monthly payroll including tax and national insurance calculations and produce payslips together with all year end filling requirements. Company Formations: We provide company formation services. We may arrange company formation within 3 hours subject to Companies House approval.

25/06/2025

Subject: ⚠️ Major Changes to Accounts Filing from Companies House – Effective April 2027

Dear Clients,

We want to bring to your attention some important changes announced by Companies House which will affect how your company files its annual accounts from 1 April 2027.

🔧 Key Changes from 1 April 2027:
Mandatory Digital Filing via Software

Companies House will no longer accept paper or web-based filings for annual accounts.

All companies, regardless of size, will be required to file using commercial software.

New Reporting Requirements

Profit and Loss accounts will become mandatory for small and micro-entity companies, which was previously optional for some.

Upcoming Reforms

Additional changes are expected around audit exemptions and accounting reference periods, with further details to follow.

✅ If you already file your accounts using software (like through our firm), no action is required at this time.

🕒 Timeline
You have a 21-month transition window — one full accounting year plus 9 months — to prepare for the change.

🧾 Why the Change?
These reforms are part of the Economic Crime and Corporate Transparency Act 2023. The aim is to:

Improve data accuracy and integrity at Companies House

Reduce fraud and error rates

Ensure greater transparency in financial reporting

Support business confidence and access to credit

🔍 What You Should Do
If you currently file accounts yourself using paper or web-based systems, we recommend switching to digital filing well in advance of April 2027.

If you're already working with us, rest assured — we already file accounts using compliant software, and we’ll ensure your filings remain fully aligned with all new requirements.

If you have any questions or would like to review how these changes might affect your company specifically, feel free to contact us.

Warm regards,
Ankur Shah, FCCA
Your Trusted Accountant

23/10/2024

There are 100 days left until the deadline for filing your Self Assessment tax return online, but there’s no better time than now to get it done.

If you haven’t filed yet, remember that your return is due by 31 January 2025.

Submitting your return early allows you to determine how much you owe, which helps with budgeting and payment planning. Plus, if you’re entitled to a refund, you can receive it sooner!

www.mapaccounting.co.uk

23/09/2022

Mini- budget 2022

What has been announced?

• Basic rate of income tax cut to 19p a year earlier from April 2023, with the 45% higher rate "abolished" and replaced with a single higher rate of 40%
• The government will cut stamp duty land tax, with the limit raised to £250,000 or £425,000 for first-time buyers. First time buyers can claim relief if property price from £500,000 to £625,000.
• The planned increase in corporation tax has been cancelled, so it will remain at 19%
• Reduced benefits if people do not fulfil their job searching commitments
• The planned duty rates increase on beer, wine and spirits is cancelled
• Cut taxes for businesses in designated tax sites for 10 years
• VAT-free shopping for overseas visitors rate

26/04/2022

http://mapaccounting.co.uk/

-assessment

MAP Accounting has experience working with all types of UK businesses, from entrepreneurs and start-ups to some of the largest privately owned companies.

Address

London
HA38TJ

Website

http://www.mapaccounting.co.uk/

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