Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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When you run a business, you look for the best possible professional services to help you succeed.  That includes accountants who understand your business and the sector in which you operate.

Lambert Roper & Horsfield is a leading independent firm of chartered accountants who are specialists in business development and corporate finance. We are experienced in working with engineering sector enterprises and appreciate that your business faces its own unique challenges.

Engineering businesses operate in a highly competitive sector that offers real opportunities for success, but which can also be vulnerable to national and international economic pressures.

Working with experienced accountants will help you to identify options for building your business in the most effective and sustainable way, while ensuring that you have a strong financial foundation to maintain your competitive edge.

Whether you’re considering an acquisition or merger, seeking new investment, need funding for new plant or machinery or want to put in place an exit strategy for the future, we can assist. We can also help you explore other ways to benefit your business, such as claiming substantial tax relief on qualifying research and development expenditure. Our services include:

  • acquisitions and disposals
  • annual and management accounts
  • audit
  • budgeting and cash flow
  • business strategy
  • capital expenditure and allowances advice
  • sourcing grants and funding
  • succession planning
  • tax compliance and planning
  • VAT

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Telephone: 01422 360788

Email: mail@lrh.co.uk

 

Latest News

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

May 12th, 2025

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially.

There are a variety of capital allowances available, including:

  • Full Expensing
  • Annual Investment Allowance (AIA)
  • Writing-Down Allowances (WDA)

The allowance that your business is eligible for depends on what you buy, how much you invest, and how your business is structured.

Full Expensing

Full Expensing allows companies to deduct 100 per cent of the cost of qualifying plant and machinery assets from taxable profits in the year of purchase.

This applies to new assets only and is available to limited companies subject to Corporation Tax.

It is an ideal option if you are looking for immediate relief or using the investment to improve cash flow.

Annual Investment Allowance

The AIA offers a similar benefit but is more widely available to sole traders, partnerships, and limited companies.

This allowance allows for 100 per cent relief on qualifying expenditure up to £1 million per year.

Unlike Full Expensing, AIA can apply to both new and used assets, though exclusions can apply to assets such as leased items.

Writing-Down Allowances

WDAs apply to any expenditure that exceeds the AIA threshold or when assets are not eligible for Full Expensing or the AIA.

These allowances offer tax relief spread over several years, typically at a rate of relief against profits of 18 per cent for main pool items and six per cent for special rate pool items, like integral features or solar panels.

How to claim capital allowances

Capital allowances must be claimed within your tax return and can be set against your business’s taxable profits. Eligible items must be used in your business, not for personal use.

There are additional schemes, such as Enhanced Capital Allowances, which can be used for “eco” investments, which may also be useful to certain businesses.

For a full list of qualifying items and further guidance on how to claim, please visit gov.uk/capital-allowances or speak to your tax adviser.

If you would like to know more about the capital allowances available to your business, please get in touch.

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