─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Andover, Prepared and Filed With Confidence

Your company’s first set of statutory accounts is a milestone, and it comes with its own set of rules. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Andover with the preparation of First Year Accounts for Limited Company purposes — reviewing your accounting records, drafting the statutory accounts in the correct reporting framework where the company is eligible, and delivering them to Companies House where required. We also help you understand how that filing sits alongside your other obligations, including the separate Corporation Tax Return (such as a CT600) that is submitted to HMRC where applicable, and the confirmation statement that is filed separately with Companies House.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

+vat

Micro-Entity Accounts Preparation
Companies House Filing
Corporation Tax Return
Qualified Accountant Support
FRS 105 Accounts
Experienced Accountants

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      Posted on Google  
   
   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
      Posted on Google  
   
   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
      Posted on Google  
   
   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail.

Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable.

I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
      Posted on Google  
   
   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
      Posted on Google  
   
   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .

Your first filing timeline

Incorporation

Your first filing timeline depends on your company's incorporation date and accounting reference date.

Accounting reference date

Set by default to the last day of the month of incorporation, one year on.

First accounts due

Normally 21 months after incorporation at Companies House.

First CT600 due

12 months after the end of the accounting period, with tax due earlier.

What Are First Year Accounts for a Limited Company in Andover?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not something a company can set aside simply because it was only incorporated recently or has seen limited activity. Once a company is registered at Companies House, it has statutory reporting responsibilities, and the first accounts typically mark the point at which those responsibilities become concrete. For directors of a newly incorporated company in Andover, understanding what is being prepared, and why, makes the process far less opaque. The first accounting period usually begins on the date of incorporation and runs to the company’s first accounting reference date. It is worth noting that a company’s first accounting period is often longer than twelve months, which is one of the reasons first-year accounts can look different from the annual accounts that follow. The accounting reference date itself is set when the company is incorporated, although it can be changed in certain circumstances, subject to the applicable rules and deadlines. Because of this, two companies incorporated on the same day will not necessarily share the same first filing date. The accounts themselves typically include a balance sheet showing the company’s assets and liabilities at the period end, and a profit and loss account where the applicable framework requires one. Directors’ responsibilities and the basis on which the accounts have been prepared also form part of the package. Accounting records underpin all of this — bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, share capital details, director loans and any payroll or VAT records where those apply to the company’s circumstances. Some companies may qualify to prepare accounts under the micro-entity framework, with FRS 105 being the financial reporting standard applicable to qualifying entities using that framework. Others may fall within the small company regime, and some will need to prepare accounts on a fuller basis. Eligibility depends on the company’s circumstances and on the thresholds applicable to the relevant accounting period, so it is assessed company by company rather than assumed. A newly incorporated company is not automatically a micro-entity, and a low level of activity does not by itself determine the reporting framework. It also helps to be clear about what first-year accounts are not. They are separate from a Corporation Tax Return, such as a CT600, which is submitted to HMRC where applicable — filing accounts at Companies House does not submit a Corporation Tax Return, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. They are also separate from the confirmation statement, which is a distinct Companies House filing that keeps the public register up to date. In practice, a new company may be dealing with three different obligations at once, each with its own purpose, destination and timing. Getting the first-year accounts right sets a sound foundation for everything that follows.

Does Your New Company Qualify as a Micro Entity?

Even in your first period, your company must meet the Companies House size criteria to file micro-entity accounts. A company generally needs to meet at least two of these three conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── OUR FIRST YEAR SERVICES

What's Included in Our First Year Accounts Service?

Our first-year accounts package can include statutory accounts preparation, Companies House filing and Corporation Tax Return preparation where included in the selected package.

First Year Accounts Preparation

Preparation of your first set of statutory accounts under the micro-entity reporting framework, from incorporation to your first year end.

First Accounting Period Review

Review of extended first accounting periods and any separate Corporation Tax return periods where applicable.

Companies House Filing

We prepare and submit your first statutory accounts to Companies House within the filing window.

First Corporation Tax Return (CT600)

Preparation of your first Company Tax Return and supporting computations for HMRC.

Opening Balances & Set-Up Costs

We record pre-trading expenses, director loans and share capital correctly in your opening balance sheet.

─── WHY CHOOSE US

Why Choose Us

Micro Entity Accountants keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Specialists

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Fixed Fee, No Surprises

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

Included in every first year file

Confirmation of your accounting reference date

Split Corporation Tax Returns where the period exceeds 12 months

Pre-trading and formation costs reviewed

Share capital and director loan account set up

Companies House and HMRC submission receipts

─── How It Works

How Our First Year Accounts Filing Service Works

Share Your Company Details

Send us your incorporation date, accounting reference date, bank statements and any pre-trading costs through our secure portal.

First Accounts & Tax Return Prep

We build your opening balances, prepare your micro-entity accounts and your first CT600 Corporation Tax Return.

Review & Approval of Drafts

You receive draft accounts with plain-English explanations of what has been included and why, ready for director approval.

Submit to HMRC & Companies House

We file your first accounts with Companies House and your CT600 with HMRC, then confirm both submissions.

─── Why Choose Us

Why Choose Us for Your First Year Accounts?

We keep a first filing simple, transparent and easy to manage for directors doing it for the first time.

Paperless Onboarding

Get your new company set up on a fully digital, secure accounting process in minutes.

First-Year Compliance Support

We help you understand the accounting period, records and filing requirements that apply to your company's first accounts.

Fully Qualified Accountants

All work is handled by UK-qualified accountants who specialise in micro companies.

Fixed Fee, No Hidden Costs

One simple fee covering your first accounts preparation and both filings.

─── WHO WE HELP

First Year Accounts Support for Micro Companies Across the UK

Newly Incorporated Companies

Companies formed in the last 12 to 18 months filing their very first set of accounts.

First-Time Directors

Directors who have never filed statutory accounts and want the process explained clearly.

Newly Incorporated Limited Companies

Small companies with limited first-year trading, including those that stayed dormant part of the period.

Get Your First Year Accounts Prepared Accurately and Filed Where Required

If your company has recently been incorporated and you are unsure what the first set of accounts should include, which reporting framework applies, or what has to be sent to Companies House, you are not alone — it is one of the most common questions directors in Andover raise. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company preparation and filing, working from your accounting records to produce accurate statutory accounts and explaining each step in plain English, including how the Companies House filing sits alongside any separate HMRC requirements such as a Corporation Tax Return. Whether your records are neatly organised or still coming together, we can help you work out what is needed and prepare the information properly the first time.

─── FAQs

First Year Accounts FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What are first year accounts for a limited company?

They are the company's first set of annual statutory accounts, prepared for its initial accounting period — usually running from the date of incorporation to the company's first accounting reference date. They normally include a balance sheet, and a profit and loss account where the applicable framework requires one, along with the supporting notes and statements. Once prepared, they are filed with Companies House where required. Preparing first-year accounts is a statutory obligation for a limited company, not a matter of choice, even where trading activity has been limited.

When are a company's first accounts due to Companies House?

There is no single answer that applies to every company. The first accounting period normally starts on the incorporation date and ends on the company's first accounting reference date, and the filing deadline is measured from that reference date in line with the applicable Companies House requirements. Because the first period is often longer than twelve months, and because accounting reference dates differ between companies, two businesses incorporated in the same month in Andover may not share the same deadline. The safest approach is to check the specific deadline shown on the company's Companies House record rather than assume a standard date applies.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done during the period. Typical items include bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, any director loans or financing arrangements, and payroll or VAT records where those are relevant. If a company has had very few transactions, the records required will be correspondingly simple. The important point is that the accounts must be supported by adequate accounting records, so it is worth keeping documents organised as the year progresses.

Does a newly incorporated company have to file accounts if it has not started trading?

In most cases a company still has statutory reporting responsibilities even where it has not yet commenced trading or has seen little activity. That does not automatically mean the company is dormant, and it does not automatically mean there is nothing to file. The correct treatment depends on the company's actual circumstances and the applicable rules, and it can affect how the accounts are prepared and what is delivered to Companies House. It is worth taking advice early rather than assuming no action is required.

Are first-year accounts the same as a CT600 Corporation Tax Return?

No — they are separate filings with separate destinations. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Filing your first-year accounts at Companies House does not submit a Corporation Tax Return on your behalf, and filing a CT600 does not satisfy your Companies House accounts obligation. The figures in the accounts often inform the tax position, but the two processes serve different purposes, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new limited company qualify for micro-entity accounts?

Some companies do qualify, but not all, and being newly incorporated or having modest activity does not automatically make a company a micro-entity. Eligibility depends on meeting the applicable criteria for the relevant accounting period, and where a company qualifies it may prepare accounts under the micro-entity framework, with FRS 105 being the financial reporting standard applicable to qualifying entities using that framework. If a company does not qualify, another framework such as the small company regime may apply instead. The right approach is to assess eligibility against the company's own circumstances.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details are correct, and it does not take the place of statutory accounts. Filing your first-year accounts does not remove the need to keep the company's information at Companies House up to date, and it does not settle any other compliance matter either. Directors in Andover should treat accounts, confirmation statements and any HMRC filings as distinct obligations with their own requirements and timing.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If a filing has been missed, the priority is usually to prepare and submit the accounts as soon as possible, and where an appeal is considered appropriate, eligibility depends on the specific circumstances and the applicable rules. Professional support can help you understand the position and get the filing back on track.