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Monday 9am - 9pm Tuesday 9am - 9pm Wednesday 9am - 9pm Thursday 9am - 9pm Friday 9am - 9pm Saturday 9am - 5pm Sunday 9am - 12pm

Amberdene Accountancy Limited

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Amberdene Accountancy Limited

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Amberdene Accountancy Limited, Accountant, Livingstone Road, Sheffield.

I help Hospitality, Retail, Leisure businesses and Charities to grow and develop their services by reducing costs, growing income, improving processes within their organisation Amberdene Accountancy Limited provides:
Cloudbased Bookkeeping using Xero, Sage or Quickbooks
Financial Accounting and Accounts Preparation for Sole Traders and Partnerships
Financial Accounting and Accounts Preparation for

Statutory Purposes
Budgeting and Forecasting
Management Accounting
Payroll
Value Added Tax (VAT)
Personal Income Tax
Computerised Accountancy Systems

20/08/2026

Congratulations to everyone receiving exam results today.

Still considering what to do next? Why not have a look at The Sheffield College Accounting Courses and Apprenticeships.

Most courses are only 3 hours a week, so why not add an accounting couse alongside your other studies.

We deliver AAT Levels 1 - 4
- Level 1 6 hours per week for 10 Weeks
- Level 2 3 Hours per week September 26 - June 27
- Level 3 3 Hours per week September 26 - June 27
- Level 4 All Day Fridays

13/08/2026

Congratulations to everyone receiving exam results today.

Still considering what to do next? Why noy have a look at The Sheffield College's Accounting Courses and Apprenticeships.

We deliver AAT Levels 1 - 4
- Level 1 6 hours per week for 10 Weeks
- Level 2 3 Hours per week September 26 - June 27
- Level 3 3 Hours per week September 26 - June 27
- Level 4 All Day Fridays

26/07/2026

I am pleased to have completed the Xero Level 3 Certified Specialist credential.

21/07/2026

Fixed Budget
A fixed budget is a budget produced for a single activity level. A fixed budget will remain the same no matter what the actual volume of sales or production turns out to be.

A fixed budget is produced at the start of an accounting period to provide information as to the aims and objectives that the organisation is working towards in that period.

Flexible Budget
A flexible budget is one which, by recognising cost behaviour patterns, is designed to change as volume of activity changes.

A flexible budget should represent what the costs and revenues were expected to be at different levels of production. Comparing a flexible budget with actual results provides management with more meaningful information.

For example, a fixed budget might be produced for making 10,000 units of a product, but if 30,000 units were actually produced it would not be useful comparing the cost of 30,000 units to a budget for 10,000 so a flexible budget would be recalculated for 30,000 units so this can be compared to the actual costs of producing 30,000 units to give a fairer comparison.

17/07/2026

Always ask for a Discount!

Why pay more than you need to? Many suppliers have discounts available, they just don’t advertise them.

I recently made an online purchase and used the chat facility to ask if they had any discounts available and got 10% off.

Its always worth asking, all those 10% add up.

15/07/2026

Today I am processing payroll for one of my clients.

Accurate payroll processing and making payments on time is vital for any business, your employees work hard for you and deserve to be paid the right amount at the right time.

As an employer you have a responsibility to calculate the Gross Pay (Hourly rate x hours worked or salary), Tax and National Insurance deductions, pension contributions and net pay.

As an employer you need to contribute employers National Insurance and Pension Contributions on top of what your employee contributes.

Payroll processing usually includes calculating holiday entitlement and holiday pay and maintaing records of holidays taken and holiday pay actually paid.

Information about pay and deductions needs to be submitted to HMRC and pension companies on each payday and payments made by the deadlines.

Payroll is a complex area and legistlation changes on a regular basis so many employers outsource payroll to accountants or payroll bureaus.

14/07/2026

Overhead absortion - is the charging of a production cost centre's overhead costs to the cost units produced by the cost centre.

The absorbtion rate is calculated at the start of the period and is based on budgeted overheads divided by budgeted activity. This can be either on a unit basis, labour hour basis or machine hour basis

Overhead rate per unit = budgeted overheads divided by budgeted units of production

Labour hour rate = budgeted overheads divided by bugeted labour hours

Machine hour rate = budgeted overheads divided by budgeted machine hours

10/07/2026

Never Auto Renew!

I recently renewed my Car insurance. I got my renewal quote from my existing company which was set to auto renew, I did a quick comparison using a comparison site and found a cheaper quote elsewhere, I called my insurance company, told them the price I had found and asked them to match it.

Which they did, so I now have the same insurance with the same company for £54 less than I would have paid if I had left it to auto renew.

09/07/2026

Arrived back at my teaching job after my holiday to find this nice letter from the CEO at The Sheffield College 😀

08/07/2026

Today I've been working on a VAT return for a client.
Businesses act as unpaid tax collectors for HMRC. The business charges output VAT on its products and services (produced or output from the business), the business can then deduct the input VAT that it has been charged on any products and services (received or input into the business) by its suppliers.

The business then pays the balance to HMRC and submits a VAT return which informs HMRC how much VAT has been charged and reclaimed with the total sales and purchases it relates to.

VAT returns and payments are usually submitted quarterly, but some businesses can be on an annual basis or monthly basis. There are special schemes which determine when the VAT is accounted for Cash Basis (when the payment is received from the customer or paid to the supplier) standard (accounted for on the date of the sales or purchase invoice regardless of when its actually paid).

VAT is charged at different rates depending on type of supply of products or services 20% standard rated, 5% reduced rated, 0% zero rated, exempt supplies and outside the scope supplies. If the business has a mixture of vatable and exempt supplies then it can only recover some but not all of the input vat.

There are special rules on some circumstances when you can and cannot reclaim VAT such as cars and entertaining.

VAT is a complex area and HMRC can issue fines, penalties and interest for incorrect filing, late filing, late payment and errors in VAT returns so it is crutial to ensure that VAT returns are calculated correctly, filed on time and paid on time.

Address

Livingstone Road
Sheffield
S352UG

Opening Hours

Monday	9am - 9pm
Tuesday	9am - 9pm
Wednesday	9am - 9pm
Thursday	9am - 9pm
Friday	9am - 9pm
Saturday	9am - 5pm
Sunday	9am - 12pm

Website

http://www.amberdeneaccountancy.co.uk/

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