First-Year Accounts
Get your first-year accounts filed properly, and move on.
A lot of new business owners are not sure what their first set of accounts actually needs to include, or when it is due. That uncertainty is normal and entirely fixable. We prepare and file your accounts accurately, explain what the numbers mean, and make sure nothing is missed. Fixed fees on standard work, qualified accountants, and replies the same day you ask.
- First accounts prepared accurately, with nothing overlooked
- Filing deadlines for Companies House and HMRC confirmed upfront
- Corporation tax or self assessment handled alongside the accounts
- Plain-English summary so you understand what was filed and why
No long-term contract required. Start with your first-year accounts, and take it from there.
Get a free quote
Fixed fees on standard work. Same-day reply.
What our clients say
★★★★★
Finished End to End in Weeks
“Prads made everything super simple and has just finished the whole process end to end in a matter of weeks.”
★★★★★
Made a Stressful Start Simple
“Being new to everything, it can feel incredibly overwhelming, but Prad makes the whole process straightforward and stress-free.”
★★★★★
Accounts Done, Weight Lifted
“My accounts were put together very quickly, a huge weight off my mind. Definitely recommend their services.”
★★★★★
Filing Our Accounts So Easy
“Prads and the team made filing our accounts so easy. They were patient, knowledgeable, responsive and good to work with.”
Sound familiar?
Not sure what your first accounts actually need?
Your company is up and running, but nobody told you exactly what goes into the first set of accounts, when they are due, or what HMRC expects alongside them. Companies House and HMRC have different deadlines, and the first accounting period can be longer than twelve months, which catches a lot of new directors out. Add in a year of transactions that were never quite organised the way you planned, and it is easy to see why this gets left until the last minute.
- Unsure whether Companies House and HMRC deadlines are the same date
- Records from year one are incomplete, mixed across accounts, or just a folder of receipts
- No idea whether the accounts are straightforward or whether tax planning is even possible at this stage
What sorted looks like
We take the records you have, put them in order, and produce accounts that are accurate, compliant, and filed on time. You get a plain-English explanation of what was prepared and what your tax position is.
- Both filing deadlines confirmed in writing before we start, so nothing is missed
- Records reviewed and organised as part of the work, however they arrive
- Corporation tax computed alongside the accounts, with any planning opportunities flagged
- Fixed fee on standard limited company accounts and tax return, with a clear quote before any work begins
What new business owners say
Most of our first-year accounts clients come to us having never dealt with this before. Here is what a couple of them said.
Working with Prad is an absolute lifesaver as someone just starting out in the business world. Being new to everything, it can feel incredibly overwhelming, but Prad makes the whole process straightforward and stress-free. His knowledge of UK accounting and HM Revenue & Customs is second to none, and he always takes the time to explain things clearly rather than leaving me confused. Having someone I can fully trust to handle my filings means I can focus on actually growing my business rather than drowning in paperwork. If you’re a new business owner looking for a reliable, knowledgeable accountant, I couldn’t recommend Prad highly enough!
I highly recommend Prads and Wings Online Filings! They were professional, responsive, and prompt throughout, and handled our company accounts and tax return smoothly. Excellent service and genuinely reliable, exactly what you want in an accounting partner.
What first-year accounts work covers
The scope is the same whether your records are tidy or need some work. We tell you upfront what is included and what, if anything, would affect the price.
Accounts Prepared and Filed
We prepare your statutory accounts, including the profit and loss account and balance sheet, and file them with Companies House on time. For limited companies, that means accounts in the correct format for your entity type, whether micro-entity, small company, or otherwise. You get a copy of everything filed, with a brief explanation of what each figure represents.
Included as standardCorporation Tax or Self Assessment
For limited companies, we prepare the CT600 corporation tax return and computation alongside the accounts, and submit to HMRC. For sole traders, we handle the self assessment return covering your first trading year. Either way, we check that all allowable expenses are claimed and flag anything that could reduce your bill.
Included as standardPlain-English Summary and Advice
Once the accounts are filed, we send you a short plain-English summary of what was submitted, what your tax liability is, and when payment is due. If there are things worth thinking about before year two, we will say so at this point rather than wait for next year.
Included as standardClients across the UK, many in their first year
We work with new founders, sole traders, and early-stage companies across every industry. A few of them have left reviews.
Patient, Supportive, Met Every Deadline
“Prads has been exemplary in assisting with all the paperwork and guiding me to access the relevant codes from Companies House to facilitate submission of both Accounts and HMRC tax information. Prads was extremely patient and supportive to meet the deadlines and offered specialised advice on company matters. Thank you for your expedient delivery and diligence.”
First Time Feeling Properly Informed
“Absolutely brilliant service. Prads is so efficient and knowledgeable. For the first time I feel well supported and informed over my self assessment returns and tax advice in general. Thank you!”
Switched Accountants and Never Looked Back
“Working with Wings Online Filings Ltd has been an absolute pleasure. They are highly communicative, supportive, and provide a responsive, cost-effective service that perfectly suits my small architecture practice. I switched from another accountant about a year ago and haven’t looked back since.”
What makes the difference in practice
There are a lot of accountants who will file your first-year accounts. Here is what tends to matter when you are doing this for the first time.
Deadlines explained before you start
Your first accounting period may not be twelve months, which means the filing deadlines are not always where new directors expect them. We confirm the exact due dates for both Companies House and HMRC at the outset, so there are no surprises partway through. That clarity alone removes a significant amount of unnecessary anxiety.
Records accepted however they arrive
Year-one records are rarely tidy. Transactions in a personal account, a mix of platforms, receipts in a folder: we have seen it all and we work with what you have. If the records need organising before we can prepare the accounts, we will say so and give you a clear quote for that additional work. Nothing is assumed to be in order.
Numbers explained, not just filed
Once your accounts are filed, you get a plain-English explanation of what the key figures mean, what your tax bill is, and when it is due. A lot of clients come to us having received accounts from a previous accountant that they did not really understand. That is not how it should work, and it is not how we work.
Up and running in four steps
Most clients have their first-year accounts underway within a day or two of getting in touch. Here is how the process works.
Get a Quote
Fill in the short quote form or give us a call. Tell us your company type, your approximate turnover, and whether your records are reasonably organised. We will come back with a fixed price and a clear scope of work the same day.
Send Us Your Records
We will tell you exactly what we need: bank statements, a summary of income and expenses, receipts for any significant purchases. Everything is shared securely online. If you use Xero, QuickBooks, FreeAgent, or Sage, we can connect directly and pull the data ourselves.
We Prepare the Accounts
We review your records, prepare the accounts and tax return, and check that all allowable expenses are claimed. If anything needs clarifying, we will ask a single round of questions rather than going back and forth repeatedly. You approve the final accounts before anything is submitted.
Filed, Confirmed, and Done
We submit to Companies House and HMRC and send you confirmation of both. You receive a plain-English summary covering what was filed, what your tax liability is, and when payment falls due. Year one is behind you and you know exactly where you stand going into year two.
“Professional, efficient, confidence that everything is taken care of.”
Things people usually ask us
My company was incorporated part way through the year. Does that affect the accounts?
Yes, and it is one of the most common points of confusion for new directors. Your first accounting period runs from the date of incorporation to whatever year-end date Companies House has on record for your company, which can be up to eighteen months. The filing deadline for your first accounts is twenty-one months from the date of incorporation, rather than the standard nine months. We confirm your exact deadline when you get in touch, before any work starts.
How much will my first-year accounts cost?
For a straightforward limited company with no unusual activity, the standard fee for company accounts and corporation tax return is £250. If your records need organising before we can start, or if there are additional complexities such as VAT, directors’ loans, or mixed personal and business transactions, we will quote for those separately. You always know the full price before we begin. There are no invoices at the end for work you did not expect.
My records from year one are a bit of a mess. Can you still help?
Yes, and it is a fairly common situation with first-year businesses. We review what you have, identify any gaps, and ask you a clear set of questions to fill them in. If the records need a significant amount of work to bring into order, we will tell you upfront and agree a price for the catch-up work before proceeding. It is better to sort it properly now than to carry incomplete records into year two.
Do I need to commit to an ongoing contract?
No. You can instruct us for your first-year accounts as a one-off piece of work with no obligation to continue. Many clients do stay with us for year two and beyond because it makes the process considerably simpler, but that is your choice to make once you have seen how we work. Nothing is assumed and nothing is automatic.
Do I need to do anything with HMRC separately, or do you handle both filings?
We handle both. The statutory accounts go to Companies House and the CT600 corporation tax return goes to HMRC, and we submit both as part of the same piece of work. You receive confirmation of each filing along with a brief explanation of what was submitted and when. If your company also needs to notify HMRC that it is active for corporation tax, we can take care of that registration at the same time.
Is there any tax planning I can do in my first year, or is it too early?
There is often more scope than new directors expect. Timing of salary and dividends for director-shareholders, claiming pre-incorporation expenses, capital allowances on equipment purchased before or at the start of trading, and making sure the right expenses are included can all affect year-one tax. We review your position as part of preparing the accounts and flag anything relevant. We will not present a long list of suggestions that do not apply to you, but we will be direct if there is something worth acting on.
Get your first-year accounts done properly.
Tell us about your company and we will come back with a clear, fixed price. No obligation, no jargon, and no surprises on the invoice.