Bytelogic Ltd

Press Release - ByteLogic Accounting

**For Immediate Release**

UK Software Company Announces All-in-One Accounting Platform for Small Businesses, Launching April 2026 to Coincide with Basic PAYE Tools Sunset

*ByteLogic Accounting combines bookkeeping, payroll, VAT MTD, CT600, and Companies House filing in one affordable subscription — Free beta available now for early adopters*

**PETERBOROUGH, UK — January 2026** — ByteLogic Ltd today announced ByteLogic Accounting, a comprehensive cloud accounting platform designed specifically for UK limited company directors and small business owners. The full platform launches in April 2026, timed to coincide with HMRC's discontinuation of Basic PAYE Tools.

The Problem: Fragmented Accounting for UK Small Businesses

UK limited company directors currently face a fragmented landscape of accounting tools:

- **Bookkeeping:** Xero, QuickBooks, or spreadsheets (£25-50/month)
- **Payroll:** Basic PAYE Tools (free, but shutting down), or paid add-ons (£7-15/month extra)
- **VAT MTD:** Requires compatible software or HMRC's own tools
- **CT600 Corporation Tax:** Typically requires an accountant (£200-500 per filing)
- **Companies House Accounts:** iXBRL filing usually means accountant fees (£300-800)

"Small business owners are either paying for multiple subscriptions that don't talk to each other, or paying accountants hundreds of pounds for filings they could do themselves with the right tools," said Edward Cracknell, founder of ByteLogic Ltd. "We're building one platform that handles the complete journey from daily bookkeeping through to Companies House filing."

The Solution: One Platform, Complete Coverage

ByteLogic Accounting is being built to handle the full accounting lifecycle for UK limited companies:

**Daily Operations:**
- Bank reconciliation with Open Banking integration
- Multi-currency invoicing (GBP, EUR, USD, NOK)
- Time tracking with clock in/out
- Expense management and receipt capture
- Client and supplier management

**Payroll (Direct HMRC Integration):**
- Automatic PAYE and National Insurance calculations
- Workplace pension auto-enrolment support
- Direct RTI submission to HMRC (FPS and EPS)
- Payslip generation
- P60 and P45 production

**HMRC Compliance:**
- VAT MTD submission with digital linking
- CT600 Corporation Tax preparation and filing
- Self Assessment support for directors

**Companies House:**
- Annual accounts preparation
- iXBRL tagging against FRC Taxonomy
- Direct submission to Companies House

**Director-Specific Features:**
- Director's Loan Account tracking with S455 tax calculations
- Dividend management and voucher generation
- Salary vs dividend optimisation tools

Pricing: Affordable Alternative to Accountant Fees
ByteLogic Accounting will launch with transparent, all-inclusive pricing:

| Plan | Price | What's Included |
|------|-------|-----------------|
| **Pro** (Early Adopter) | £19/month | Everything — no add-ons for payroll or filings |
| **Pro** (Standard) | £29/month | Same features, standard pricing after launch |

**Cost Comparison:**

| Task | Traditional Cost | With ByteLogic Pro |
|------|-----------------|-------------------|
| Annual bookkeeping | £500-2,000 | Included |
| Monthly payroll | £84-180/year | Included |
| VAT returns (4x) | £200-400 | Included |
| CT600 filing | £200-500 | Included |
| Companies House accounts | £300-800 | Included |
| **Total** | **£1,284-3,880/year** | **£228-348/year** |

"We're not trying to replace accountants for complex situations," Cracknell noted. "But for a straightforward limited company — one director, modest turnover, standard accounting — there's no reason to pay thousands when the right software can guide you through it."

Free Beta: Available Now

While the full platform launches in April 2026, a free beta is available immediately for UK businesses who want to:

- **Test the interface** and provide feedback
- **Use working features** including time tracking, invoicing, and payroll calculations
- **Generate FPS XML files** for manual upload to HMRC (direct submission coming April 2026)
- **Import transactions** from CSV bank exports

**What's in the Free Beta (Available Now):**
- Time tracking with clock in/out
- Multi-currency invoicing with PDF export and email
- Payroll calculations (PAYE, NI, pension contributions)
- FPS XML file generation (for manual HMRC Gateway upload)
- Client and employee management
- Transaction import and basic categorisation

**What's Coming in April 2026 (Pro Subscription Required):**
- Direct RTI submission to HMRC (no manual XML upload)
- Open Banking integration for automatic bank feeds
- VAT MTD filing
- CT600 Corporation Tax submission
- Companies House iXBRL annual accounts
- Director's Loan and dividend management
- Full financial re