First-Year Accounts for New Companies
Your first year of trading, filed properly.
Most new directors have no idea what their first set of accounts actually involves, when they are due, or what happens if they miss the deadline. There is quite a lot to get right, and the penalties for getting it wrong start quickly. Fixed monthly fee, ACCA-qualified, and questions answered the day you ask them.
- Year-end accounts and CT600 filed accurately and on time
- Corporation Tax bill calculated well before the payment deadline
- Companies House obligations handled — nothing missed, nothing late
- Plain-English explanation of what you owe, why, and when
No long-term contract. If it is not working after three months, you leave with clean books and nothing owed.
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Fixed pricing. Same-day reply.
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Sound familiar?
Not sure what your first accounts actually involve?
Forming a company is straightforward enough. What comes next is less obvious. Statutory accounts, a Corporation Tax return, a Companies House filing, and a Self Assessment for you as director — each with its own deadline, its own format, and its own penalty for getting it wrong. Most new directors piece this together from Google searches and hope for the best. That is not a great strategy in year one.
- Unclear what the difference is between year-end accounts and a CT600
- Not sure when your first accounts are actually due — or what happens if you miss it
- No idea whether your bookkeeping is in good enough shape to file anything at all
What the first year looks like when it is handled
Your year-end accounts are prepared from records that have been kept properly throughout the year. The Corporation Tax return is filed on time. Companies House receives what it needs. You know your tax bill months before it is due — not the week before.
- Statutory accounts and CT600 prepared and filed — correctly, first time
- Deadlines tracked and managed so nothing arrives as a surprise
- Bookkeeping reviewed and tidied before accounts are prepared, not after
- Fixed monthly fee agreed upfront — no unexpected invoice at year end
What new clients say about year-end support
From sole traders filing for the first time to limited company directors getting their compliance under control, the feedback is consistent.
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.
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.
Everything your first year requires
First-year accounts cover more than most new directors expect. Here is what is included and why each part matters.
Year-End Accounts and CT600
Your statutory accounts are prepared to the required format and filed with both Companies House and HMRC. The Corporation Tax return covers your full trading period — including the extended first period that catches many new companies off guard. Your tax liability is calculated accurately, so you know what you owe before the payment deadline arrives.
Included as standardBookkeeping Review and Cloud Setup
If your records need tidying before accounts can be prepared, that work is done first — not billed separately as a surprise later. Your Xero account is set up or reviewed so that from year two onwards, the process is considerably more straightforward. Bank feeds connected, transactions categorised, everything in the right place.
Included from day oneDirector Self Assessment Return
As a limited company director, you are almost certainly required to file a personal Self Assessment tax return in addition to the company accounts. This covers your salary, dividends, and any other income sources. Filed accurately and on time, with your tax position explained clearly so there are no surprises in January.
Included in most packagesConsistently rated 5.0 across every review
Eight verified Google reviews, all five stars — from sole traders and limited company directors working across different industries.
Quick, Efficient and Friendly From the Start
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Responsive, Clear and Professional Throughout
“Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners.”
What makes the difference in year one
The first year of trading sets the tone for everything that follows. Getting it right from the start is considerably easier than unpicking mistakes later.
No guesswork on deadlines
Your first accounting period is often longer than twelve months — which affects when your accounts and CT600 are due. This catches a lot of new directors out. The deadlines are monitored, the filings are prepared well in advance, and you will not receive a penalty notice before you have even been told something was due.
Plain English from the start
Statutory accounts, abbreviated accounts, micro-entity regime, the difference between your accounting period and your tax year — these terms mean nothing to most new directors, and they do not need to. You will get a clear explanation of what has been done, what it means, and what you need to do next. No jargon walls.
You deal with Daniel directly
There are no juniors, no account managers, and no handoffs. Daniel is ACCA-qualified with twenty years of experience across multiple sectors. He prepared your quote, he will prepare your accounts, and when you have a question he is the one who answers it. Which is, frankly, the way it should work.
Up and running in four steps
Most clients are fully onboarded within a week. The process is designed to take as little of your time as possible.
Book a free discovery call
A short conversation about your company, your trading period, and where you are with your records. No sales pitch — just an honest assessment of what needs to be done and whether we are the right fit.
Receive your fixed-fee quote
A written quote tailored to your company’s structure and what the first year involves. Everything is agreed upfront — there will not be an extra invoice at year end because something turned out to be more complicated than expected.
Onboarding and Xero setup
Your Xero account is set up or reviewed, bank feeds are connected, and any catch-up bookkeeping is addressed. You share what you have, and the rest is handled.
Accounts filed, tax visible
Your year-end accounts and CT600 are prepared and filed on time. You know your tax position well before the payment deadline. From year two onwards, the process runs considerably more smoothly — because the foundations were laid properly the first time.
“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.”
Things new directors usually ask
When are my first-year accounts actually due — and is the deadline different from a normal company?
For most new limited companies, the first accounting period runs from the date of incorporation to the last day of the month one year later — which means it is often longer than twelve months. Accounts must be filed with Companies House within nine months of your accounting period end date. Your Corporation Tax return is due within twelve months of the end of your accounting period, and the tax itself is payable within nine months and one day. The deadlines are tracked from the moment you come on board, so nothing creeps up on you.
What does it cost and what is included in the first year?
Limited company packages start from £79 per month, with 50% off for the first three months. Every package includes year-end accounts, the Corporation Tax return, and the Companies House filing. Director Self Assessment, payroll, and VAT returns are included from the Operate package upwards or available as add-ons. The quote you receive before onboarding covers everything relevant to your situation — there are no additional invoices at year end for work that was always going to be needed.
My bookkeeping is in a bit of a state. Does that matter?
It is common, particularly in the first year when most directors are focused on running the business rather than maintaining tidy records. A review of your books is part of the onboarding process, and any catch-up work is addressed before accounts are prepared rather than billed as a surprise later. It is better to arrive with things in some disarray than to avoid getting help because you are embarrassed about the state of the records.
Am I locked into a contract?
No. There is no long-term contract. Packages are billed monthly and you can leave with reasonable notice. If something is not working, you will leave with clean, up-to-date records and nothing owed beyond the current period. The aim is to be useful enough that leaving does not occur to you — but that is not enforced by contractual small print.
Do I need to file a Self Assessment as well as the company accounts?
Almost certainly, yes. As a limited company director you are required to file a personal Self Assessment tax return each year, covering your salary, dividends, and any other income. This is separate from the company accounts and CT600, and has its own deadline of 31 January following the tax year end. It is included in most packages and handled alongside the company compliance.
Is there anything I can do in year one to reduce the Corporation Tax bill?
There usually is. Allowable expenses, director pension contributions, the timing of salary versus dividends, and capital allowances on equipment purchased in the first year can all affect how much tax the company pays. These are reviewed as part of preparing the accounts — not as a separate advisory engagement billed on top. The goal is an accurate return that does not leave money on the table unnecessarily.
Get your first year sorted properly.
Fixed monthly fee, ACCA-qualified accountant, and a clear explanation of everything you owe and when. No surprises, no jargon, no penalty notices.