Business Details
26 Years
experience
Trusted Accountants in Leominster
Established in 2000, Lloyd Richards has built a reputation for delivering clear, reliable accountancy services tailored to the needs of businesses across Herefordshire. Our team combines over 25 years of collective experience with diverse professional backgrounds, including retail, banking, and scientific research, to provide practical financial insights. We specialise in supporting sole traders, partnerships, and SMEs with services ranging from self-assessment tax returns to payroll management and business start-up guidance. Our approach prioritises accessibility, avoiding complex jargon to ensure clients fully understand their financial position.Based in a rural office near Leominster, we offer a free initial consultation and utilise SAGE software to streamline accounting processes. Our commitment to affordability and client education has made us a trusted local partner for businesses seeking straightforward financial solutions. We maintain strong industry connections to refer clients to specialists in areas outside our core accountancy services. This focus on transparency, local expertise, and client-centric support underpins our continued success in serving Herefordshire businesses.
Services
Sole trader accounts
Partnership accounts
Self assessment tax returns
Business start-ups
Payroll services
Trust returns
Company Secretary duties
Management accounts
Corporation tax returns
Details
- Year established: 2000
Highlights and features
- We offer 25 years of combined experience in local accountancy services
- Our team includes former banking and scientific research professionals
- We provide free initial consultations for prospective clients
- We utilise SAGE accounting software for efficient financial management
- We maintain industry connections for specialist referrals
Services
Sole trader accounts
We prepare comprehensive accounts for self-employed individuals, ensuring compliance with HMRC requirements while providing clear financial insights. Our service includes bookkeeping, profit and loss statements, and balance sheets tailored to sole traders' needs. With our SAGE software expertise, we streamline the process to save you time and reduce errors.
Business start-ups
From company formation to VAT registration, we guide new businesses through essential financial setup processes. Our support includes creating business plans, establishing accounting systems, and advising on tax compliance. We help entrepreneurs navigate HMRC requirements and set up effective financial frameworks for sustainable growth.
Payroll services
We manage payroll processing for SMEs, handling salary calculations, tax deductions, and regulatory filings. Our service ensures compliance with PAYE requirements while maintaining accurate employee payment records. We provide regular reports and support year-end processes to simplify workforce financial management.
Trust returns
We prepare trust and estate tax returns, ensuring compliance with complex inheritance tax regulations. Our service includes calculating taxable income, preparing necessary documentation, and advising trustees on financial obligations. We simplify trust accounting to maintain regulatory compliance while protecting beneficiaries' interests.
Management accounts
We produce detailed management accounts for business decision-making, including monthly or quarterly financial statements. Our service provides cash flow analysis, profit tracking, and performance metrics to support strategic planning. These reports help businesses monitor financial health and identify growth opportunities.
Questions
What accounting services do you offer for small businesses?
We provide sole trader accounts, partnership accounts, payroll processing, business start-up support, and tax return preparation tailored to small businesses in Herefordshire.
Do you support new business formations?
Yes, we assist with company formation, business plans, HMRC compliance, and bank account applications to help new ventures establish proper financial foundations.
How do you handle payroll for SMEs?
We manage payroll processing including salary calculations, tax deductions, regulatory filings, and year-end reports using our accounting software to ensure accuracy and compliance.
What experience does your team have?
Our team combines 25 years of accountancy experience with diverse backgrounds in banking, retail, and scientific research to provide practical financial solutions.
Are your accounting fees competitive?
We offer affordable accountancy fees with a free initial consultation to discuss your specific requirements and create a tailored service package.
