Budget 2026: what it means for you and your business —
In short
Annual accounts tell you what happened a year ago. Management accounts tell you what is happening now — with commentary that explains what changed and why, not just a pack of figures. We produce them monthly or quarterly, build the KPI dashboard that actually matters for your business, and review it with you so the numbers drive decisions rather than sitting in an inbox.
Profit and loss for the period, with comparatives against budget and prior year. Balance sheet, so you can see debtors, creditors and stock moving. Cash flow, actual and forecast. KPIs specific to your business. Commentary — the part that matters. What changed, why, and what it means.
We also flag what we *expected* to see and didn’t. Variances that nobody can explain are usually where the problems are hiding.
Very few, and they should be specific to your business model rather than generic.
Gross margin by product, service line or job — most owners are surprised by which lines actually make money. Debtor days — how long your cash sits with customers. Utilisation or productivity, for service businesses. Pipeline conversion, where sales cycles are long. Break-even and runway, always.
A dashboard with twenty metrics gets ignored. One with five gets used.
Monthly for businesses that are growing, borrowing, or where cash is tight — anywhere decisions are being made frequently.
Quarterly for stable, established businesses with predictable cash flow.
The test is simple: how often do you make a decision that the numbers should inform? Report at least that often.
We include written commentary with every set of management accounts, and we sit down with you to talk through them. If the accounts don’t change what you do, they weren’t worth producing.
Commentary, not just numbers — what changed, why, and what to do.
KPIs built for your business model, not a generic template.
We meet you to discuss them — the accounts are a conversation, not a PDF.
Tracked against forecast — so the plan stays live rather than dying in a drawer.
Chartered (ICAEW) — a qualified accountant prepares and reviews them.
This page provides general information about the 2026/27 UK tax year and is not advice on your particular circumstances. Tax and regulatory rules change frequently. Please contact us before acting, or refraining from acting, on anything set out here. LMJ Group is a firm of Chartered Accountants regulated by the ICAEW. LMJ Group is not a registered auditor and does not provide audit services. Last reviewed: July 2026.
