DMP Accountants & Valuations Limited

DMP Accountants & Valuations, accountancy and valuations for UK businesses

DMP Accountants & Valuations Limited is an accountancy firm based in Wakefield, West Yorkshire, providing digital services across the UK and internationally, with a presence in Leeds, Yorkshire and London. Its work combines general accountancy with technical valuation and financial reporting services, aimed at limited companies, contractors, sole traders, individuals and owner-managed businesses.

The firm was founded by siblings Hussnain and Ramsha. The name DMP comes from the Latin phrase Dictum Meum Pactum, which the company translates as "my word is my bond" and presents as a reflection of the way it works.

Accountancy services for limited companies and contractors

DMP presents itself as a specialist in accountancy for limited companies. Its offering includes company formation and HMRC registration, preparation of accounts, payroll, tax returns and VAT, as well as advisory services to help optimise the company's finances and those of its directors personally.

For contractors, the firm works both with those who operate through their own limited company and with sole traders, with the aim of maintaining compliance, maximising net income and simplifying management. It also offers one-off and monthly accounting options for sole traders, landlords and professionals, covering tax returns, bookkeeping, accounts, tax planning and HMRC investigations.

Valuations and financial reporting

DMP's valuations and financial reporting area includes independent purchase price allocation (PPA) reports for acquisitions, with support for IFRS 3, UK GAAP / FRS 102 and US GAAP / ASC 805. It also performs incremental borrowing rate (IBR) calculations for lease accounting under IFRS 16 and FRS 102, and share-based payment (SBP) valuations for EMI share options, growth shares and share-based payment reporting, using recognised models such as Black-Scholes and Monte Carlo simulations, in accordance with IFRS 2 and UK GAAP.

Personal tax and director self assessment

The firm handles all aspects of personal tax, from self assessment returns to advice on allowances, reliefs and efficient planning. It serves sole traders, directors, freelancers, landlords and people with investment income.

Cloud accounting and supported platforms

DMP works with the leading cloud accounting platforms. It presents itself as a FreeAgent specialist, with support for bookkeeping, accounts, tax, VAT and day-to-day accounting needs of limited companies, contractors, sole traders and small businesses, both for those already using the tool and for those who need to get started. It also offers support for Xero users, including accounts, corporation tax, VAT and ongoing bookkeeping, as well as help to make the most of reporting and automation features. The firm states that it also works with QuickBooks, Pandle and other leading platforms, so clients can usually keep their existing software when switching to DMP.

Business structure advice and switching accountant

DMP advises on the choice between operating as a sole trader or through a limited company, analysing the tax implications, costs, administration and responsibilities of each structure. The firm also facilitates switching accountant for those who wish to transfer their services to DMP.

Coverage and service approach

With roots in Wakefield, in the heart of West Yorkshire, DMP serves clients in Wakefield, Leeds and the rest of the UK, and has an office in London for clients who require a presence in the capital. Many of its clients are based in London, especially when they need accountancy, tax, valuation or financial reporting support with a more technical or advisory focus. The firm combines digital service with in-person meetings when necessary, and presents itself as a modern, technical firm with a personal and approachable manner.

Its local clients in Wakefield and West Yorkshire include company directors, small business owners, consultants, trades, property businesses and professional service providers. The firm donates 5% of its fees to charity.