What are the opening hours?

Monday 9am - 3pm Tuesday 9am - 3pm Wednesday 9am - 3pm Thursday 9am - 3pm Friday 9am - 3pm

LEO Bookkeeping Services

Home
United Kingdom
Milton Keynes
LEO Bookkeeping Services

Feeling overwhelmed? Too busy to keep your bookkeeping or accountancy up to date? We can help. Bookkeeping including trial balance, reconciliation, and invoicing.

02/09/2026

Which number tells you how your business is really doing: your P&L, your Balance Sheet or your bank balance?

The answer? You need all three, because they tell you different things.

📊 Your Profit & Loss (P&L) tells you whether your business is making a profit over a period of time. It shows your income, your expenses and what's left after those expenses.

📋 Your Balance Sheet is a snapshot of your business's financial position at a particular point in time. It shows what the business owns, what it owes and what's left for the owners.

🏦 Your Bank Balance tells you how much cash you have available right now.

And here's where business owners can get caught out...

A healthy bank balance doesn't necessarily mean you're making a healthy profit. Some of that money might already be earmarked for VAT, tax, wages or suppliers.

Equally, you can have a profitable business but find yourself short of cash because customers haven't paid you yet.

That's why looking at just one of these numbers can give you a very misleading picture of how your business is actually performing.

You don't need to become an accountant to understand your finances. But you do need to know what your numbers are telling you.

💜 Not sure what you're looking at when you open your accounts? Ask me. I'll happily explain your P&L, Balance Sheet and cash position in plain English, so you can make better decisions for your business.

Want to understand your Balance Sheet better? Read my simple guide here: https://www.leobs.co.uk/blog/what-is-a-balance-sheet-and-why-should-you-care/

31/08/2026

How many hats are you wearing in your business? 🎩

Sales. Marketing. HR. Admin. Finance... it’s a lot for one person.

The good news? You don’t have to wear them all.

💜 Let Lucie and her team at LEO Bookkeeping take bookkeeping off your plate, so you can focus on what you do best.

Ready to lose one of those hats? Get in touch.

28/08/2026

Which ostrich are you? 🐦

The first Making Tax Digital for Income Tax quarterly deadline has now been and gone.

If you were ready, kept your digital records up to date and submitted your first quarterly update by 7th August, you can be the happy ostrich on the left. 🙌

But if you've been burying your head in the sand and missed it, don't panic... but don't keep ignoring it either.

HMRC has confirmed that there will be no penalty points for late quarterly updates during the 2026/27 tax year, giving businesses and landlords some breathing space while everyone gets used to the new system.

That doesn't mean you can forget about it.

If you're required to use MTD for Income Tax, you still need to keep digital records and submit your quarterly updates. And your next quarterly update deadline is 7th November 2026.

So if 7th August passed you by, now is the time to get your head out of the sand and get everything sorted before the next deadline arrives!

💜 Not sure what you should have submitted, whether MTD applies to you, or how to get back on track? Speak to me, Lucie.

I can help you understand what you need to do and make sure you're properly set up for the deadlines ahead.

26/08/2026

Employ staff? There are some important dates you need to have in your diary. 📅

Major changes to UK employment rights are being introduced in stages, and some are already in force.

From changes to Statutory Sick Pay and parental leave, to stronger responsibilities around workplace harassment and a major change to unfair dismissal rights, there's quite a lot for small employers to get to grips with.

And one of the biggest changes arrives on 1 January 2027, when the qualifying period for ordinary unfair dismissal protection reduces from two years to just six months.

I've put together a straightforward guide covering:

✓ What's already changed
→ What's happening in October 2026
→ What's changing in January 2027
→ What else employers should expect during 2027

If you employ people, it's worth getting ahead of these changes now rather than discovering them when they affect your business.

👉 Read the full guide here: https://www.leobs.co.uk/blog/new-uk-employment-rights-what-small-business-owners-need-to-know/

And if you need help with the payroll and bookkeeping implications of employing staff, get in touch with me at LEO Bookkeeping. 💜

24/08/2026

Travelling for work and grabbing lunch while you're out? 🍽️🚗
Can you put it through the business?

The answer is... sometimes.

Buying lunch while you’re working doesn’t automatically make it a business expense. After all, you need to eat whether you’re working or not!

But there are circumstances where food and drink can be an allowable business expense, particularly when you’re travelling as part of your work.

For example, if your work requires you to make an occasional business journey away from your normal pattern of working, reasonable food and drink costs incurred as part of that journey may be allowable.

The rules can be different depending on whether you’re self-employed or running a limited company, and things such as your normal place and pattern of work matter too.

So the fact is:

💜 Business travel doesn't automatically make your lunch tax deductible, but genuine business travel can mean some subsistence costs are allowable.

This is one of those areas where it's much better to ask than assume. Claim something you shouldn't and you could have a problem later. Don't claim something you're entitled to and you're potentially paying more tax than necessary.

Not sure whether that lunch receipt belongs in your bookkeeping? Ask me before you throw it away! 😊

21/08/2026

Hi, I’m Lucie 👋 and I love helping business owners feel more in control of their finances.

I know bookkeeping probably isn't the reason you started your business.

You started it because you're great at what you do. But somewhere along the way came the invoices, receipts, VAT, payroll, deadlines and all those numbers you're somehow expected to understand too!

That's where I come in.

What I really enjoy about bookkeeping isn't simply keeping everything accurate and up to date. It's helping business owners understand what their numbers are actually telling them.

Sometimes that's taking away the stress of a job they've been putting off.

Sometimes it's spotting something they didn't realise was happening.

And sometimes it's simply being there to answer the question they thought they should already know the answer to.

There's no judgement and no unnecessary jargon. Just straightforward bookkeeping support and explanations in plain English.

Because when you understand your finances, you can make better decisions and spend more time concentrating on the business you actually set out to build.

💜 If your bookkeeping is taking up too much of your time, causing you stress, or you simply want someone in your corner who can make sense of the numbers, get in touch.

19/08/2026

Director's Loan Accounts: who owes who?

If you're a director of a limited company, money can move between you and your company in both directions.

Perhaps you used £5,000 of your personal savings to help get the business started or cover a cash flow shortage. In that situation, the company may owe you money.

But it can work the other way too.

If you take money from your company that isn't salary, a dividend, repayment of money you've previously put in, or reimbursement of a legitimate business expense, it may be recorded on your Director's Loan Account as money you owe the company.

And that's where you need to be careful.

An overdrawn Director's Loan Account can have tax consequences, particularly depending on how much is outstanding and whether it is repaid within the relevant time limits.

That's why your Director's Loan Account needs to accurately record money moving between you and your company.

💜 The important thing to remember is that your limited company's money isn't automatically your personal money, even though you own the company.

Thinking about taking money from your company? Ask your bookkeeper or accountant BEFORE you do it, rather than trying to sort out the tax and accounting consequences afterwards.

If you're unsure whether your company owes you money, you owe the company money, or what your Director's Loan Account actually means, speak to me. I'll happily explain it in plain English.

17/08/2026

Was this how your Sunday evening looked last night? 🤔

You've spent all week doing the job you actually went into business to do.

Then the weekend comes around and there's invoicing to catch up on, receipts to sort, transactions to reconcile and paperwork that's been sitting there all week. 😫

It's easy to think doing your own bookkeeping is saving you money. But how many hours is it actually costing you?

And what would you rather be doing with those hours?

Good bookkeeping shouldn't mean sacrificing your evenings and weekends just to stay on top of things.

⚠ If Sunday night has accidentally become bookkeeping/admin night, perhaps it's time to hand it over.

Send me a message and let's have a chat about how I can give you some of that time back. 💜

14/08/2026

📊 Quick question for business owners…

Which of these do you think is MOST important to keep an eye on?

💷 Your bank account
📈 Your Profit & Loss
📋 Your Balance Sheet

If you automatically thought “bank account”, you definitely wouldn’t be alone!

But while your bank balance tells you how much cash you have right now, it doesn’t necessarily tell you how financially healthy your business is.

And that’s where the Balance Sheet comes in.

I know the Balance Sheet is one of those reports that many business owners either ignore or open, look at and think… “What on earth does all that mean?” 😵‍💫

So I’ve written a new blog explaining it without the accounting jargon.

I cover:

👉 What a Balance Sheet actually is
👉 The difference between assets and liabilities
👉 What “equity” means
👉 Why a healthy bank balance doesn’t always mean a healthy business
👉 Why your P&L, Balance Sheet and bank account all tell you something different

Have a read here 👇
🔗 https://www.leobs.co.uk/blog/what-is-a-balance-sheet-and-why-should-you-care/

And then tell me in the comments: before reading this, which of the three did you pay the most attention to?

12/08/2026

How much time are you spending on bookkeeping that you could be spending on your business?

If you're still manually entering transactions, chasing receipts and updating spreadsheets, the answer could be far too much.

Cloud accounting software such as Xero is a cost effective way to make everyday bookkeeping much simpler.

It can help you:

☁️ See your finances wherever you are
🏦 Connect your bank account and reconcile transactions
🧾 Capture and store receipts digitally
📄 Create and send invoices
💷 Keep a much clearer picture of what's coming in and going out

And because your records are kept up to date throughout the year, there should be far less of that last-minute scramble when accounts or tax returns are due. Particularly vital now Making Tax Digital is live.

But software only saves you time if it's set up properly and you're using it effectively.

If you're already using Xero but feel you're not getting the most from it, or you're wondering whether moving to Xero would make life easier, ask me about Xero, I'll happily talk you through it in plain English.

There are so many time saving features, reporting options, personalising your dashboard etc. that it can seem overwhelming if you are not familiar with the Xero software💜

Contact me for your no obligation consultation: 01234 247507 [email protected]

Address

25 Osier Way, Olney
Milton Keynes
MK465

Opening Hours

Monday	9am - 3pm
Tuesday	9am - 3pm
Wednesday	9am - 3pm
Thursday	9am - 3pm
Friday	9am - 3pm

Telephone

+441234247507

Website

http://www.leobs.co.uk/

Alerts

Be the first to know and let us send you an email when LEO Bookkeeping Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to LEO Bookkeeping Services: