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Hi Lucy,
Someone else may have more info for you, but it's my understanding that most lenders will look for 2 or 3 years' accounts. These should be a profit and loss account and a balance sheet (if applicable). It is the net profit the lender will take as income.
I believe that if she does her own tax returns and uses the HMRC service to calculate her tax due, she may get a form SA302 which shows total income received and total tax due. The lender may also want to see this.
As far as I'm aware, there is no specific need for an accountant to prepare the accounts or file the tax return, unless specified by the lender that they are signed off by a certified or chartered accountant (many lenders may actually request this now though due to the economic climate).
If a bookkeeper (ie yourself) was to do them, it would merely be a case of making sure that you are qualified to prepare accounts to the level she requires. Doing it this way and then having them verified by an accountant if the lender requires it may save a bit of money.
I'm no expert, but I hope this helps a little bit!
Lisa
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