Property Development Company
VAT registration, Submission of VAT returns & Payroll Services
Our client is a property development company that recently separated itself from its subsidiary and now concentrates on small select developments throughout the North East of England. An example of their most recent achievements are building a mixed development of apartments and townhouses at Beamish Rise in Stanley and 15 houses and barn conversions at East Brunton Farm, Gosforth.
The issue for our client arose at the point of separation from its subsidiary, which had up to that point provided all accounting and administration services to the parent company. As Wylde Homes now operates largely as a virtual company, employing subcontractors rather than directly employed staff, it was a natural fit for REACT to produce management accounts, carry out VAT registration, submission of VAT returns and administer payroll and the PAYE year end for the newly separated company.
This new streamlined operation and close relationship with REACT is sure to see the company thrive in their niche industry to see many years of successful trading ahead.
Individual Accounting
Annual Tax Return Services
Our client had recently been appointed Deputy for his elderly mother who had been taken into care and he therefore had the duty of submitting an annual return, covering all movements in and out of her bank accounts.
As seen all too often, the Return Form is not easy to complete or understand and having tried to complete it on his own without success, he had been advised to seek professional help.
He approached REACT to review the bank statements and to fully reconcile all movements in a format acceptable to the Deputy Office.
This seemingly small but highly important project was turned around very quickly allowing him to submit the form and satisfy his obligations as Deputy.
He expressed his gratitude for us having “got him out of a hole” and it was a great pleasure to assist him with his personal accountancy concerns.
Individual Accounting
Advice & Annual Tax Return Services
Our client recently established himself as an Independent Financial Adviser and was concerned that he should be organised and prepared for tax as a newly self employed individual.
He called upon REACT to help him with his accounting and tax obligations. We were able to help predict his first year’s annual profits and therefore how much would be required to set aside for tax purposes.
We have also advised him of the correct tax treatment of cars and other assets used in the business, to ensure that he pays just the right amount of tax and definitely no more!
Now six months into his new self employed role, his client list is growing and he’s stress free, knowing that his accounts are all in order and his tax is provided for.
Accounting For A Soft Play
VAT Returns & Full Accounts Services
Our client runs a soft play area and sensory room based in Manchester which also provides hot and cold meals and a licensed bar. The business started trading in 2011 and had been badly advised as to which elements of the business would attract VAT. Local competition is stiff and the market is therefore price sensitive, leaving our client in a less than favourable situation.
REACT were asked to provide advice with particular emphasis on the impact of VAT on the various elements of their business on an ad hoc basis. Overcoming such badly given advice is difficult however our client placed their trust in REACT knowing our background knowledge of VAT.
First VAT returns have now been submitted and the business has a sound base on which to build and the owners are planning for a successful future.
Specialist Catering Company
End of Year Accounts & Financial Reporting
Our client is an independent catering company that provides bespoke dining experiences for corporate events, weddings, and private functions across the North West of England. Their recent highlights include delivering catering for several high-profile conferences in Manchester and launching a new gourmet meal delivery service for local businesses.
The challenge arose as the company expanded rapidly, taking on larger contracts and diversifying services. With multiple revenue streams, seasonal fluctuations, and complex supplier arrangements, producing accurate end of year accounts became increasingly difficult. The directors needed clarity on profitability across different services and reassurance that all compliance requirements were met.
REACT stepped in to prepare and manage the company’s end of year accounts, ensuring full compliance while providing a clear financial overview. By producing detailed reports and analysis, REACT helped the directors understand where the business was most profitable and where efficiencies could be made. In addition, REACT supports the company with quarterly management accounts and ongoing financial advice.
This close working relationship allows the catering company to focus on creativity and growth, confident that its finances are being managed accurately and strategically. With REACT’s continued support, the business is now positioned for long-term success in a competitive industry.
Independent Retail Business
Bookkeeping & Financial Organisation
Our client is an independent retail company with two busy lifestyle stores in Yorkshire, specialising in homeware, gifts, and artisan products. With steady growth in both footfall and online sales, the business has built a loyal customer base and is now planning to expand into a third location.
The challenge arose as the company grew beyond what its in-house team could manage. Multiple suppliers, daily sales transactions across both physical and online channels, and seasonal fluctuations created a backlog of receipts and records. Without up-to-date bookkeeping, the directors struggled to get a clear picture of cashflow and profitability.
REACT stepped in to provide a full bookkeeping service, managing purchase invoices, sales ledgers, and bank reconciliations. By bringing everything up to date and implementing efficient processes, REACT provided the business with timely, accurate financial records. This allowed the directors to make informed decisions, prepare for VAT submissions, and focus on driving growth rather than paperwork.
With their bookkeeping now running smoothly and reliably, the retail company can look ahead with confidence, knowing that their financial records are fully in order and ready for future expansion.
