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You are here: Home » About Lambert Roper & Horsfield Limited » Testimonials » Whiteley’s (Leaded Lights) Ltd.

Whiteley’s (Leaded Lights) Ltd.

Double glazing firm bosses Mark Thornton and Richard Little say they have never looked back since becoming Lambert Roper & Horsfield clients. Now they are looking forward to a bright future, which includes plans for a move to bigger premises.

Mark and Richard both joined Leeds-based Whiteley’s (Leaded Lights) Ltd, a family-owned business founded in 1981, straight from school. They worked their way up through the company and when the Whiteley family decided to sell, they bought the business in April 2003.

During the buy-out, they were represented by a Halifax-based accountant. When he suffered serious ill health a year or so later, which prevented him continuing his work, he put them in touch with Lambert Roper & Horsfield, where they have developed an excellent working relationship with Keith Lyons.

Mark says: “We’ve never looked back since meeting Keith. Richard and I had a shop floor background and were relatively new to running a business, so we had lots of questions and queries. Keith was very accommodating and broke it all down for us in a very simple way, without ever being condescending.”

The business, which employs 13 staff, sells mainly to the trade and prides itself in its expertise and experience in leaded lights – the modern equivalent of stained glass. Day-to-day financial issues and payroll are dealt with in-house, with Keith providing six-monthly management accounts, annual accounts, advice on tax issues – for example, the benefits of taking dividends rather than salary – and wide-ranging business coaching.

Mark particularly values the way Keith uses clear, user-friendly charts, graphs and tables to present financial information in the management accounts or to illustrate the relationship between percentage changes in pricing and the resulting profits, for example. He says: “It’s really simple and that’s the way we like it.

“Keith doesn’t say you should do this or that but he explains all the implications of the different choices and leaves us to make up our own minds. That advisory role is really useful, so now that we’re thinking about moving to bigger premises in a couple of years, with a trade counter, we’ll talk to Keith about whether to buy or lease.

“The service we get from Lambert Roper & Horsfield is very proactive and very efficient. When we started working with Keith we weren’t very clued up about running a business, so we were a bit of a blank canvas for him – but I think he’s enjoyed the experience!”

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Latest News

HMRC unveils penalty regime for VAT deferral scheme

May 11th, 2021

Companies that signed up to the VAT deferral scheme have been warned they face a five per cent penalty if they do not make payment arrangements by 30 June this year.

Over half a million businesses deferred VAT payments last year. HM Revenue & Customs (HMRC) has confirmed that companies will be liable for the penalty or interest if they do not pay in full or make an arrangement to pay the deferred VAT by that date.

At the start of the COVID-19 pandemic, the Government announced a three-month deferral of VAT payments for the first tax quarter of 2020, and payments for outstanding VAT are now due.

Companies that deferred VAT payments due between 20 March 2020 and 30 June 2020 can either pay the deferred VAT, join the VAT Deferral New Payment Scheme or make other arrangements with HMRC by 30 June 2021. The online VAT Deferral New Payment Scheme opened on 23 February 2021 and is available until 21 June 2021.

The VAT Deferral Payment Scheme allows taxpayers to schedule payments monthly. The scheme lets you pay your deferred VAT in equal instalments, interest-free and choose the number of instalments by direct debit, from two to 11 (depending on when you join).

For example, if you join by 19 May 2021, you will make nine instalments and if you join by 21 June 2021, you will make eight instalments.

You cannot include extra payments after you’ve joined the scheme.

To take part, HMRC says you must:

  • Join the scheme yourself, your agent cannot do this for you
  • Still have deferred VAT to pay
  • Be up to date with your VAT returns
  • Join by 21 June 2021
  • Pay the first instalment when you join
  • Pay your instalments by Direct Debit (if you want to use the scheme but cannot pay by Direct Debit, there’s an alternative entry route for you)

The new payment scheme is part of a wider Government package of support, now worth more than £400 billion, which is helping to protect millions of jobs and businesses during the pandemic.

Half a million businesses made use of the VAT deferral last year, which helped to inject an estimated £34 billion into the UK economy. The new payment scheme will continue to help the economy recover by enabling businesses, impacted by the pandemic, to manage their cash flow at a critical time.

Eligible businesses that are unable to use the online service can ring the HMRC Coronavirus Helpline on 0800 024 1222 to join the scheme or make alternative arrangements to pay until 30 June 2021.

Link: Penalty rates for deferred VAT scheme set at 5 per cent 

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