─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Bruton: Professional Preparation and Filing Support

If you have recently incorporated a limited company in Bruton, or you are approaching the end of your first accounting period, First Year Accounts for Limited Company support may be needed to prepare and file the company’s first statutory accounts with Companies House where required. This is the company’s first set of annual accounts, so getting the treatment of share capital, director transactions, expenses and other opening records right from the start can make later filings easier to manage. Micro Entity Accounts provides professional support with first-year accounts preparation, including reviewing the accounting records you hold, preparing the statutory accounts and helping with Companies House filing where applicable. We can also explain how the separate Corporation Tax position works, including the CT600 that may need to be submitted to HMRC where relevant, so you understand which filing goes where.

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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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

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 Micro Company? A Guide for Limited Companies in Bruton

First-year accounts are the first set of annual statutory accounts a newly incorporated limited company prepares for its initial accounting period. They are generally prepared under company law and filed with Companies House where required, even if the company has had limited activity or has not yet started trading. The first accounting period usually begins on the incorporation date and ends on the company’s first accounting reference date, but the exact period and filing position depend on the incorporation date, the accounting reference date and applicable Companies House requirements. It should not be assumed that every new company has the same first-year period or deadline. The accounts typically include a balance sheet, a profit and loss account where applicable, and the notes and statements required by the relevant reporting framework. A company may qualify to use the micro-entity accounting framework if it meets the eligibility requirements for the relevant accounting period, and FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic simply because a company is new. These statutory accounts are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and from a confirmation statement, which is a separate Companies House filing. Directors in Bruton remain responsible for ensuring the company meets its statutory obligations, even when professional help is used to prepare or file the accounts.

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 for Limited Company in Bruton Prepared with Professional Support

If your newly incorporated limited company in Bruton is approaching its first accounting period, you may have questions about First Year Accounts for Limited Company requirements, what records are needed and how the filing sits alongside separate HMRC obligations. Micro Entity Accounts can help you work through those questions, review the accounting information available and prepare first-year statutory accounts for filing with Companies House where applicable. We can also explain the difference between the Companies House accounts filing, a confirmation statement and a Corporation Tax Return such as a CT600 where relevant, so you know which requirements apply and what information is still needed. Seeking professional assistance early can help you avoid unnecessary uncertainty and keep your company’s first-year compliance responsibilities on a clearer footing.

─── 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?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period after incorporation. They usually include a balance sheet, a profit and loss account where applicable, and the notes and statements required by the applicable reporting framework. For eligible companies, the micro-entity framework may be used. First-year accounts are generally filed with Companies House where required, but they are not the same as a Corporation Tax Return such as a CT600 or a confirmation statement.

When are first-year accounts due?

There is no single due date that applies to every new limited company. The first accounting period and filing deadline depend on the company's incorporation date, accounting reference date and the applicable Companies House requirements. Companies House sets an accounting reference date on incorporation, and the filing position is worked out from the relevant dates. Directors should check the company's Companies House record and any official correspondence, especially if the company has not traded yet or has had limited activity. If the position is unclear, professional advice can help confirm what is required.

What information is needed to prepare first-year accounts?

The information required depends on what the company has done during its first accounting period. It may include bank transactions, sales and income records, business expenses, purchase invoices and receipts, asset purchases, director transactions, share capital details, loans or finance arrangements, payroll records where applicable, VAT records where applicable, and other supporting accounting documents. Even if activity has been limited, records showing what has happened are still important. Accurate accounting records help support the figures included in the first-year statutory accounts.

Do new limited companies have to file accounts with Companies House, even if they have not traded?

A limited company generally has statutory accounts filing obligations, and these do not automatically disappear simply because trading has not started. If the company has had no significant accounting transactions, its reporting position depends on whether it meets the applicable dormant company criteria and the rules for the relevant period. It should not be assumed that a non-trading company can ignore its filing responsibilities. Directors in Bruton and elsewhere should check the company's circumstances and take advice where needed rather than treating inactivity as an automatic exemption.

Are first-year accounts the same as annual accounts or a CT600?

First-year accounts are the first set of annual statutory accounts for the company's initial accounting period. Later annual accounts cover subsequent accounting periods and follow the same general statutory purpose, although the dates and framework can differ. A CT600 is different: it is a Corporation Tax Return submitted to HMRC where applicable. Statutory accounts are delivered to Companies House where required. The information used may overlap, but the filings have separate purposes and destinations, and the first Corporation Tax accounting period may not be identical to the statutory accounts period.

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

Some newly incorporated limited companies may qualify for micro-entity accounts if they meet the eligibility requirements for the relevant accounting period. It is not automatic just because the company is new, small or has low activity. Eligibility depends on the applicable conditions and the company's circumstances, and FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. The appropriate reporting framework should be determined before the accounts are prepared.

Do first-year accounts replace a confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms information such as the company's officers, registered office, share capital and people with significant control. Filing first-year statutory accounts does not replace the confirmation statement, and filing a confirmation statement does not replace the accounts. A limited company may still need to submit confirmation statements and keep its Companies House information up to date, subject to the applicable requirements and deadlines.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, which may include penalties depending on the circumstances. Not every late filing receives the same outcome, and paying a penalty does not remove the requirement to file any outstanding accounts. If accounts are overdue or you believe a deadline may be missed, it is sensible to seek advice promptly. Whether a penalty appeal is possible depends on the circumstances and the applicable rules.