Home - Henry R Davis & Co Ltd

Who we are

Henry R Davis & Co, leading chartered accountants since 1912. Working in partnership with businesses in Chester, North Wales and The Wirral providing a holistic, yet traditional approach to accountancy.

Mission Statement

Henry R Davis & Co work in partnership with their clients sharing the combined goal of achieving more business profit and growth. Much more than completing tax returns and filing accounts, Henry R Davis and Co take a holistic approach to finance, ensuring businesses are in optimum financial health now and for the future.

Jonathan

Once a professional footballer with Chester City (he even has his own Wikipedia page!), Jonathan is now just as much on the ball in the world of accountancy with his love of tax planning and problem solving. He enjoys all the fun, friendship and fundraising that comes with being a member of the Round Table, and spending time with his wife Sian and daughters Annabelle and Eva. Tea and cake are his weaknesses!

Tony

Colin

Colin’s diverse range of interests could fill this entire website on their own, and luckily, they include accountancy. When not in financial mode, he is a keen follower of football and cycling, takes time out to watch his daughter on the netball court or can be spotted running, to work off his fondness for flapjacks and real ale. With a passion for bobble hats and socks too, he’s a man able to develop a fascination in just about anything!

Zoe

With a friendly, straight-talking nature, workaholic Zoe has every attribute needed to be the boss at a forward-thinking accountancy firm like Henry R. Davis, not least an overriding urge to help people. Zoe relishes the opportunity to lead her highly driven team and tackle challenges head on. Zoe is a member of Ladies Circle and treasurer of the local beer festival. When not working, she spends time looking after her grandson and walking her dog.

Natalie

Julie

Zoe

Bev

Tax is never too taxing for Bev, who takes it in her stride and is blessed with the straight-talking demeanor needed to be an insightful accountant. Away from the office, she’s a wife, a mother and a carer for her father, who returns the favour with a steady supply of flapjacks and coconut macaroons for the team. Bev is also the owner of a Bloodhound – fitting for someone doggedly determined to help her clients!

Nic

Debs

Angela

Click on an image to find out more about our team!

About Us

Henry R Davis was established over a century ago, in 1912. The strong traditional values on which the Firm was built are still very much relevant and form the basis of today’s working culture. Our premises and people have changed over the last century, however, the practices on which we were founded have not.

Our clients see us as an extension to their business in terms of financial decisions, planning and support. We work alongside businesses, advising ways to reduce costs, whilst at the same time optimising for future grow.

The team at Henry R Davis work across a board portfolio of clients from all business sectors. Working with entrepreneurs, partnerships, limited companies and owner-managed businesses, providing a tailored service with reducing cost and business growth in mind.

Whether you are looking for business start-up advice or thinking of strategies to make your enterprise as large and successful as it can be, Henry R Davis would love to work with you.

The offices are now based at a convenient location in Queensferry, Deeside. With plenty of free car parking for clients to use whenever they need to pop in for a visit.

Where We Can Help!

Business Development and Consultancy Services

At Henry R Davis, there is nothing we enjoy more than seeing businesses thrive! We have a dedicated team of experts to support you.

Business Development and Consultancy Services

At Henry R Davis, there is nothing we enjoy more than seeing businesses thrive! We believe that financial advice and planning plays a vital part in business success and we play a key part in this through our business development and consultancy services.

Whether it is advice on setting up a new business or strategies for large expansion within your existing business, we have a dedicated team of experts that would be delighted to support you.

VAT and Taxation

Taxation is all about efficiency, making sure you meet all your responsibilities, but at the same time not overpaying.

VAT and Taxation

Taxation is all about efficiency, making sure you meet all your responsibilities, but at the same time not overpaying.

Our team will work closely with your business to see where you could be saving money and providing ideas on which areas this could be going to as you look to reach your company’s goals.

With VAT rules always changing, and the penalties for failing to meet them being severe, why not ease your mind by working with us?

We can make sure you’re paying no more VAT than you need to while still meeting all requirements and deadlines

Accounting

Accounting is what we do and have done for over 100 years!

Accounting

Accounting is what we do and have done for over 100 years! Whether you are a sole trader, partnership or limited company, we can prepare your accounts to minimise costs while fulfilling legal requirements to HMRC, Companies House and other regulatory bodies.

Bookkeeping and Payroll

Managing payroll and keeping your books up to date can be a chore with costly errors. We can make sure it’s done efficiently and accurately.

Bookkeeping and Payroll

Managing payroll and keeping your books up to date is a chore at the best of times, and with costly payroll errors regularly in the news, you want to make sure it’s done efficiently and accurately.

At Henry R. Davis & Co, not only can we save you time, but we can maximise it too. We get to know your company and provide tailored bookkeeping services suited to your exact needs, ensuring a service that’s not just accurate, but identifies opportunities too.

Our friendly, expert staff can ensure full compliance and confidentially as they provide you with a tailored, cost-effective payroll service, taking worries like maternity leave and statutory sick pay off your mind.

Business Start-Up

Finding your feet in business and are looking for some no obligation financial guidance? We're here to help you.

Business Start-Up

Perhaps you’re just finding your feet in business and are looking for some no obligation financial guidance? No problem!

Many of our clients have started their journey with us from an idea and have gone on to achieve success and growth with our assistance at every stage.

Making Tax Digital

Are you ready to say good-bye to spreadsheets?!

Making Tax Digital

Are you ready to say good-bye to spreadsheets?! All VAT Returns now need to be submitted under the new “Making Tax Digital” (MTD) system for anyone over the VAT threshold of £85,000.

The aim of Making Tax Digital is to modernise and streamline the way tax records are kept and make it easier to provide information to HMRC.

We offer one to one set-up training to our clients and support them through every step of the process, ensuring they get to grips with online tax management.

Adhering to HMRC’s Making Tax Digital policy, you need never miss a deadline again!

CIS

The world of contractors and tax is a complex one, so why not bring in some expertise?

CIS

The world of contractors and tax is a complex one, so why not bring in some expertise?

We can deal with verification, monthly returns and deductions.

Company Secretarial Services

We can take care of Companies Act statutory compliance so you can relax and focus on running your business.

Company Secretarial Services

We can take care of Companies Act statutory compliance so you can relax and focus on running your business.

Our company secretarial services are flexible and tailored to each individual business need, get in touch for more information.

Tax Investigation Service

HMRC tax investigations aren’t just something you hear about. Our Tax Investigation Service provides you with support when you need it most.

Tax Investigation Service

HMRC tax investigations aren’t just something you hear about. Our Tax Investigation Service provides you with support when you need it most.

Learn More

What Our Clients Say...

Michael Stevenson, Utility Warehouse Distributor

I had recently started using Zoe to do my accounts when I became self employed. Having spoken to Zoe on a number of occasions before I discovered that she was highly capable in what she did.

This was realised when I sent over my accounts to her where she then proceeded to ask a few follow up questions and then clearly set out the accounts in an easy to understand manner.

I duly signed the accounts and returned them to Zoe to send off to the Inland Revenue.

The process was simple and straight forward, just what you would hope for when you are a busy earning a living.

I would have no hesitation in recommending Zoe at Henry or Davis and Co to people who are not getting the service they expect from their current accountant or have recently become self-employed.

Client Review

2020-11-03T13:21:06+00:00

https://hrdand.co.uk/testimonials/michael-utility-warehouse/

David Greenslade, Hedley Greenslade

We, as a business of approaching 60 years trading, have used the services of HRD for many, many of those years.

They have constantly been able to adapt as business changes, with up to date, concise advice and assistance, sometimes in the most difficult of circumstances.

Always friendly, where nothing appears to be too much trouble. I’d recommend to anyone requiring any accounting services.

Client Review

2020-05-26T14:41:52+00:00

We, as a business of approaching 60 years trading, have used the services of HRD for many, many of those years. They have constantly been able to adapt as business changes, with up to date, concise advice and assistance, sometimes in the most difficult of circumstances. Always friendly, where nothing appears to be too much trouble. I’d recommend to anyone requiring any accounting services.

https://hrdand.co.uk/testimonials/david-greenslade-hedley-greenslade/

Sue Oliver

As both a sole trader and then a social enterprise we have relied on the expert professional services from Zoe Devenport and her incredible team for many years. I highly recommend Henry R Davis whatever size your business, you will be guaranteed the same excellent service.

Client Review

2020-05-26T15:14:09+00:00

https://hrdand.co.uk/testimonials/sue-oliver/

Daniel, Steam and Clean

Over the years I have had a few bad accountants and has always left me feeling worried at the end of each tax year! Last year I was moving in a great direction and this year due to COVID it certainly made things difficult, and changed the dynamics of all my businesses. This year alone Zoe has helped me with my Annual Tax return, VAT, claim for car crash and Government Grant.

I’ve been with Zoe for about 15 months she is absolutely brilliant not only as an accountant but also as an advisor. She has been totally amazing and an important extension to my businesses and I would be lost without her.

Client Review

2020-11-03T13:07:57+00:00

I’ve been with Zoe for about 15 months she is absolutely brilliant not only as an accountant but also as an advisor. She has been totally amazing and an important extension to my businesses and I would be lost without her.

https://hrdand.co.uk/testimonials/daniel-steam-clean/

Richard Minshull, Minshull Windows Ltd

I personally couldn't recommend more highly the services for accountancy of both Zoe Davenport & Jonathan Jones from Henry R.Davies & Co Ltd, both are professional yet friendly people who have a genuine interest in your business and support it with the great advice in an easy to understand manor.

Client Review

2020-05-26T15:16:25+00:00

https://hrdand.co.uk/testimonials/richard-minshull-minshull-windows-ltd/

Client Review

Accreditations

We are the UK’s tax, payments and customs authority, and we have a vital purpose: we collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.

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There are over 1.7m chartered accountants and students around the world − talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future. Over 150,000 of these are ICAEW Chartered Accountants.

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We started Xero to change the game for small business. Our beautiful cloud-based accounting software connects people with the right numbers anytime, anywhere, on any device. For accountants and bookkeepers, Xero helps build a trusted relationship with small business clients through online collaboration.

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Since 2005, KashFlow has been providing intuitive online accounting software for small business owners. Duane Jackson, a former web developer who found himself struggling with existing accounting software packages, founded the company after outgrowing using Word and Excel to do his invoicing and keep track of his accounts.

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This powerful accounting software package is developed and marketed by Intuit. With the vision that there should be a better, simpler way to do accounting, QuickBooks has been one of the biggest names in accounting and personal finance for three decades. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills and payroll functions.

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Keep Up To Date

Latest News When Should I Change From a Sole Trader to a Limited Company?

Changing from sole trader to a limited company might be the best route for your business. Here we guide you through why this might be of advantage to you.

Forming a limited company might be the best route for your business. It is a business structure that can protect you as an individual. Here we guide you through some essentials, exploring when you should change and why this might be of advantage to you.

Sole Trader and Limited Company definitions

You will have started your business as a sole trader by default. It is how most single-person companies start as they manage the losses and taxation on a personal level. A sole trader is a simple business structure where the business is owned and operated by you, and there is no legal distinction between you and your business. By contrast, a limited company is a business structure where the company has a legal identity separate from you as an individual. It is also distinct from the shareholders and the directors. There are two consequences to this. First, should your business get into difficulties, your accounts are separate from the money within the company. Second, you will not be allowed to take money out of the limited company whenever you want.

When should I change business structures?

The move to a limited company is a good option for most new businesses. Any structure that offers personal protection to your individual finances is a sound move. It might feel like a serious undertaking, as it takes what might seem like your “hobby” business to something more formal. Consequently, it feels like it is something to be feared. However, the legal and financial implications of working as a sole trader still exist. Therefore, moving to a limited company structure as soon as you can has significant advantages. If you have submitted self-assessment taxes for your business for a full tax year, then you should probably be considering the change to a limited company.

Why should I change business structures?

You may live by the mantra: “If it isn’t broke, don't fix it!" You may feel working as you are is succeeding for you. It is clear to you when money is coming in, and you can easily manage the accounts of outgoings. Therefore, it might seem counterintuitive to move from something simple to something that feels more complicated. However, there are some significant advantages to being a limited company (LC). Mostly, it's vital to think about how much tax you are paying. This calculation will likely give you a better incentive to make a move to limited company status. As a sole trader, you are taxed personally. If you earned over £150,000 a year, you could be taxed up to 45% of your company profits. However, if you change to LC status, you will be liable to pay corporation tax, which currently stands at 19% Remember, your personal allowance is a maximum of £12,500. After this personal allowance, you will pay a basic rate of 20% up to £50,000. Anything over £50,000 is taxed at 40%. This rate is substantially higher than that you would pay as an LC, even from small beginnings. You will also be liable to pay class 2 and class 4 National Insurance. You will be able to pay yourself from the company in dividends. You cannot take this option as a sole trader, which means you lose more of your earnings to taxation. However, remember it will also mean you are no longer personally liable for the debts the company incurs. If things go wrong, you won't find yourself significantly out of pocket. As the success of your business is not dependent on your efforts, you have a form of insulation that a sole trader does not enjoy. Consequently, the answer to when a sole trader should change to a limited company, the answer is simple: as soon as you are making a regular income from your business. Why not give us a call on 01244 831277 or email us to learn more about changing your business structure. We would be pleased to talk you through the potential advantages to your company.

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The tax year end.

End of tax year 2020/2021.

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Get In Touch

Contact Us

01244 831277

mail@hrdand.co.uk

HRDAccountants

https://facebook.com/hrdandco

33 Chester Road West,
Queensferry
CH5 1SA

Mon - Fri 8:30am–5:00pm