Practice health check · FreeAgent

Bright Goose Consulting Ltd

Limited company · Year-end 31 Mar 2026 · Generated 20 May 2026 at 12:34

0 / 100

Overall practice health

3 issues· 5 watch· 5 good

Around the median for similar UK limited companies (62).

Identified savings opportunity £851/yr Conservative — quantified findings only.
See your recommended package → Book a 20-min call with Hannah Pike

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Where you scored, and why

Findings

What we found in your books

Tax efficiency

Director's salary is below the optimum

Watch

You're paying yourself £9,000/year through PAYE — leaving roughly £3,570 of tax-free personal allowance unused.

Current salary
£9,000/yr
Optimum 2026/27
£12,570/yr
Headroom
£3,570

For a sole director with no other PAYE income, the optimal 2026/27 salary is usually £12,570 (the personal allowance) — it stays below the secondary NI threshold (£5,000) and uses your full tax-free band before dividends start eating into the £500 dividend allowance.

What to do

Increase your director's salary to £12,570/year from the next payroll month. Saves ~£480 in personal tax across the year vs taking the same amount as dividends.

Dividends sit comfortably below the higher-rate band

Good

Total dividends YTD (£28,400) keep you in the 10.75% basic-rate band — no higher-rate dividend tax exposure for this year.

Dividends YTD
£28,400
Higher-rate threshold (div)
£50,270
Headroom remaining
£21,870
Director's loan

Director's loan account is overdrawn

Issue

Your DLA shows you owe the company £14,200. If it stays overdrawn past the 9 months and 1 day after year-end, you'll trigger an s455 charge of 35.75%.

DLA balance
-£14,200
BIK threshold
£10,000
Days overdrawn
127
s455 deadline
1 Jan 2027

The s455 charge is repayable to the company once the DLA is cleared, but it's a real cashflow hit. There's also a Benefit-in-Kind charge if the average balance during the tax year exceeds £10,000.

What to do

Either repay the loan before 1 January 2027 (9 months and 1 day after your 31 March 2026 year-end), or formally declare a dividend large enough to clear it.

Pension

Significant carry-forward headroom unused

Watch

You have up to £180,000 of unused allowance from the last 3 tax years that could be used in a higher-income year.

What to do

If profits spike in 2026/27 (you're trending +28% YoY), modelling a one-off £40-60k employer top-up could save corporation tax at the marginal rate.

Employer pension contributions well used

Good

You've contributed £18,000 from the company this year — a tax-efficient way to extract profit without dividend tax.

Employer contributions YTD
£18,000
Annual allowance
£60,000
Carry-forward available
up to £180,000
Expenses

No home-office allowance claimed

Issue

You haven't claimed the £6/week home-office allowance — that's £312/year of allowable expense going unused.

HMRC simplified rate
£6/week
Annual value
£312
CT saved (19%)
£59
What to do

Set up a recurring £26/month "use of home" expense from your personal account. Add a one-off back-claim for the prior 12 months.

Mileage claims may be under-recorded

Watch

Only 240 business miles claimed YTD — low for a consulting business with client visits showing on your calendar.

What to do

Use the FreeAgent mobile app's mileage tracker to capture client visits in real time. The 55p/25p rate is meaningful — 1,000 miles is £450 of tax-deductible expense.

Subscriptions look reasonable

Good

£2,840 of software subscriptions across 14 vendors — in line with the median for limited companies of your size.

Subscriptions YTD
£2,840
Median (similar Ltd)
£2,400-£3,200
VAT

VAT-registered and filing on time

Good

Standard-rate registration looks correct given your turnover and input VAT pattern. Last 4 returns filed on or before the deadline.

12-mo rolling turnover
£112,400
VAT scheme
Standard (cash accounting)
Last return filed
12 days early
Bookkeeping hygiene

One invoice 60+ days overdue

Issue

Invoice INV-0042 for £4,200 is 67 days past due. No reminder has been sent for 21 days.

What to do

Fire a polite chaser today. If still unpaid by day 75, escalate to a 7-day statutory demand template — most clients pay within 48h once they get one.

8 unreconciled bank transactions

Watch

There are 8 transactions sitting in your bank feed that haven't been categorised — oldest is 47 days.

Unreconciled
8 items
Oldest
47 days
Total value
£1,830
What to do

Knock these out in 10 minutes inside FreeAgent. Older items often have lost-context problems by year-end.

Compliance dates

Confirmation Statement due in 38 days

Watch

Companies House Confirmation Statement is due by 27 June 2026. Late filing is a criminal offence in the UK — but the £50 filing fee + 5 minutes is all it takes.

Year-end accounts and CT600 deadlines comfortable

Good

Year-end is 31 March 2026. Statutory accounts due by 31 December 2026; Corporation Tax due by 1 January 2027. Both well clear of today.

Year-end
31 Mar 2026
Accounts due
31 Dec 2026
CT due
1 Jan 2027

Recommended for you

Best fit package

Limited Company Accountants — Growth

from £109/month

You're a VAT-registered limited company with consistent invoicing, employer pension, and a director's loan to manage. The Growth plan covers all your monthly filings, IR35 reviews if you contract, and includes FreeAgent at no extra cost. We can also transfer your existing FreeAgent licence across at no charge.

Get an instant quote →
Matched accountant
Hannah Pike
Hannah Pike ACCA

Hannah works with consulting and professional-services Ltds — she handles director's loan unwinds and pension carry-forward planning regularly.

Book a 20-minute call →

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How we generate this report

This report is generated automatically from a read-only snapshot of your FreeAgent account at the time you connected. Every finding is based on rules documented at /methodology/how-we-review-books. Each rule applies to UK tax rules in the current tax year — the engine handles UK Ltd, sole trader and partnership shapes today, with QuickBooks, Xero and bank-statement upload on the roadmap. Treat the findings as a starting point for a conversation with a qualified accountant, not as formal tax or financial advice.

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GoForma is a trading name of Ember Nine Limited (company no. 11871779, VAT GB320577713). Our team holds ACCA and AAT qualifications. We are not regulated by the Financial Conduct Authority and this report does not constitute regulated financial advice.