First-Year Accounts Torquay
Your first-year accounts, filed correctly.
Most new limited company directors reach their first filing deadline without a clear picture of what is actually required. Statutory accounts, a CT600, and a Companies House confirmation all have separate deadlines — and the first year is often the longest and most complicated. Fixed monthly fee, ACCA-qualified support, and questions answered the day you ask them.
- Statutory accounts prepared and filed with Companies House on time
- Corporation tax return submitted before the HMRC deadline
- Your first-year tax liability known well before the bill arrives
- Plain-English explanation of what you owe, why, and what comes next
No long-term contract. If it is not working after three months, you leave with clean books and nothing owed.
Get a free quote
Fixed pricing. Same-day reply.
What our clients say
★★★★★
Fast Turnaround on Time-Sensitive Filing
“Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners.”
★★★★★
Annual Accounts, No Worrying Required
“Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well. I am a very happy customer.”
★★★★★
Every Detail Explained Before Sign-Off
“He is the most amazing person, very professional, explaining every detail meticulously in order to finalise our accounts. A huge thank you Daniel.”
★★★★★
Saved Money on Expenses First Time
“His knowledge in tax law and what can be used for expenses really helped with saving money where I could.”
Sound familiar?
Not sure what your first filing actually requires?
The first year of a limited company throws up more compliance requirements than most directors expect. The accounting period is often longer than twelve months, the deadlines for accounts and corporation tax do not align neatly, and there is no prior year to work from. Most people find out how complicated it is when the reminder letter arrives.
- Unsure whether your first accounting period ends at nine months or twelve
- No idea what corporation tax is owed or when HMRC expects payment
- Records from the first year incomplete, inconsistent or still in a drawer
What a properly handled first year looks like
The statutory accounts, CT600 and Companies House filing are prepared from your records — however they arrive — and submitted before the relevant deadlines. You know your tax bill before it is due, and the first year sets a clean foundation for everything that follows.
- Accounting period length confirmed and both filing deadlines mapped from day one
- Corporation tax calculated and payment deadline flagged months in advance
- Catch-up bookkeeping handled so accounts can be prepared from whatever records exist
- Fixed monthly fee agreed upfront — no surprises when the invoice arrives
What Torquay business owners say
Clients working with DG Accountancy on their annual and first-year accounts consistently cite fast turnaround, transparent fees and a clear explanation of what was filed and why.
Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well. I am a very happy customer.
I worked with Daniel at DG Accountancy to review and sign off my sole trader accounts for a time-sensitive mortgage application, and the service was excellent. Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners. Communication was straightforward and reassuring, which made a potentially stressful part of the mortgage process much easier. Fees were transparent, turnaround was fast, and the work was done thoroughly and accurately. I wouldn’t hesitate to recommend Daniel to anyone needing reliable accountancy support, particularly where deadlines really matter.
Everything your first year requires
First-year accounts cover more than one filing. The package below handles each obligation in sequence, so nothing is missed and no deadline is approached blind.
Statutory Accounts and Companies House Filing
Your year-end accounts are prepared to FRS 105 or FRS 102 standard and filed with Companies House before the nine-month deadline. The first accounting period is often longer than twelve months, which changes the deadline calculation — that is handled automatically. You receive a copy of the signed accounts in plain format alongside the statutory version.
Included as standardCorporation Tax Return and Payment
The CT600 is prepared and submitted to HMRC alongside the statutory accounts. Your corporation tax liability is calculated as part of the process, so you know the figure and the payment date before HMRC makes contact. Any allowable deductions and reliefs for the first year are applied correctly from the outset.
Included as standardBookkeeping Catch-Up and Xero Setup
If the first year’s records are incomplete or sitting in a spreadsheet, catch-up bookkeeping is handled before the accounts are prepared. Xero is set up and connected to your bank feed so that from year two, the records are current throughout the year rather than assembled at the end. Most clients are fully onboarded within a week.
Where neededClients across Torquay and Devon
From sole traders to limited companies, clients working with DG Accountancy on their accounts and tax returns report the same things: clear communication, accurate work and transparent fees.
Explains Every Detail Before Finalising Accounts
“Absolutely recommend Daniel for all and any accounts related matter. Would use his expertise again. He is the most amazing person, very professional, explaining every detail meticulously in order to finalise our accounts. A huge thank you Daniel.”
Better Books, Less Admin, Better Rates
“Daniel was very helpful with my books and tax return. He offered great advise and insight in how to manage my books better and more efficiently. His knowledge in tax law and what can be used for expenses really helped with saving money where I could. As a sole trader it’s really hard to keep on top of things and have now asked Dan to do monthly books for me. His rates are extremely good compared to some other accountants out there and I get more for my money.”
Spoke Through Everything Until It Was Clear
“Daniel was very helpful and patient with me when I had no clue what to do and spoke through everything with me and made it clear, couldn’t recommend him enough, thank you again.”
What makes the difference on a first-year filing
First-year accounts are not complicated if the person handling them knows what to look for. These are the things that matter most when it is your company’s first time through the process.
Two Decades of Year-End Experience
Daniel has prepared year-end accounts across airlines, construction, manufacturing and entertainment — industries with varied accounting periods, mixed income streams and complex first-year positions. That breadth means the less obvious reliefs and elections available in year one are not missed. You are not the test case for someone learning on the job.
Deadlines Tracked, Not Chased
The filing deadline for first-year accounts depends on the exact date of incorporation, and the corporation tax payment deadline is different again. Both are logged from the moment you come on board. You will not receive a surprise reminder from Companies House because a date was miscalculated.
Plain English on Every Document
Statutory accounts can look intimidating if no one explains what is in them. Every set of accounts filed through DG Accountancy comes with a plain-English walkthrough of the key figures — what your profit position is, what you owe HMRC and what the balance sheet actually means. Which is, frankly, the way it should be.
Up and running in four steps
The process is straightforward. Most clients are onboarded within a week, and the bulk of the work happens on this side of the desk rather than yours.
Book a free discovery call
A short conversation about your company, your incorporation date and what records you currently have. No sales pitch — just an honest assessment of what needs to be done and by when. You will leave the call knowing exactly what happens next.
Receive your fixed-fee quote
A written quote is sent based on your specific situation — accounting period length, volume of transactions and any catch-up bookkeeping required. Everything is agreed upfront. The price does not change because the year-end turns out to be more involved than expected.
Onboarding and records handover
Xero is set up and your bank feeds connected. If records from the first year need to be tidied, that is handled before the accounts are prepared. You provide what you have — bank statements, invoices, receipts — and the bookkeeping is done from there.
Accounts filed, tax known
Your statutory accounts, CT600 and Companies House confirmation are submitted on time. You know your corporation tax figure and payment date well in advance, and your Xero account is clean and current for year two. The first year is behind you, properly handled.
“Excellent service providing financial accounts for probate. Quick, efficient and friendly. Would highly recommend.”
Common questions about first-year accounts
My company was incorporated part-way through the year. How does that affect the first-year accounts deadline?
The first accounting period runs from the date of incorporation to a year-end date chosen at registration, which Companies House sets as the last day of the month one year after incorporation. That means the first period is often longer than twelve months — sometimes up to eighteen months. The accounts filing deadline is nine months after the accounting period end, but the corporation tax payment deadline is nine months and one day after the period end. Both are tracked from the day you come on board.
What does it cost to have first-year accounts prepared, and what is included?
Limited company packages start from £79 per month. The Start package includes year-end statutory accounts, the CT600 corporation tax return and Companies House filings as standard. If your first year requires catch-up bookkeeping or a longer-than-usual accounting period, that is factored into the quote upfront — there are no retrospective charges. All quotes are written and agreed before any work begins.
My records from the first year are incomplete. Can you still prepare the accounts?
Yes. Most clients who come to DG Accountancy partway through or after their first year arrive with records in varying states of order — bank statements but no categorised transactions, or invoices but no bookkeeping system in place. Catch-up bookkeeping is carried out first, so the accounts are built on accurate figures rather than estimates. The cost of the catch-up is included in the quote.
Do I have to commit to a long-term contract?
No. There is no minimum term and no lock-in. If it is not working, you leave with clean, up-to-date records and nothing owed beyond the current month. In practice, most clients stay well beyond the first year — partly because switching accountants mid-year is inconvenient, but mainly because it tends not to feel necessary.
Are there any tax elections or reliefs I should be claiming in my first year that are easy to miss?
Several elections and reliefs are time-sensitive in the early years of a company — including the Annual Investment Allowance on qualifying equipment, the choice of accounting basis, and any available R&D tax credits if the business has qualifying expenditure. These are reviewed as part of preparing the first-year accounts, not as an afterthought. If something applies to your situation, it will be raised.
How far in advance will I know what my corporation tax bill is?
Typically several weeks before the payment is due. The CT600 is submitted once the statutory accounts are finalised, and the tax figure is communicated in plain English alongside the accounts — not buried in technical correspondence. For most new limited companies, corporation tax is payable nine months and one day after the accounting period end, so there is a reasonable window between knowing the figure and needing to pay it.
Get your first year handled properly.
First-year accounts, corporation tax and Companies House filings handled accurately and on time. Fixed monthly fee, no long-term contract, and a plain-English explanation of every figure.