─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Buckhurst: Prepared, Reviewed and Filed

A company’s first set of statutory accounts is a milestone, and it is worth getting the foundations right. Directors of newly incorporated limited companies in Buckhurst often have practical questions at this stage: which period the accounts cover, which records are needed, and what actually has to be delivered to Companies House. Micro Entity Accounts works with directors to prepare first year statutory accounts from the company’s accounting records, review the figures before anything is finalised, and file the accounts with Companies House where required. Where Corporation Tax applies, the accounting information can also support the company’s CT600 position — a separate submission to HMRC, with its own purpose and its own requirements. Transparent fees, straightforward explanations and support aimed squarely at new companies.

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First Year Accounts Preparation

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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 and Why Do New Limited Companies Need Them?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is newly incorporated, and they are not the same thing as a tax return. For a company in Buckhurst, the work usually begins with the accounting records: bank transactions, sales and income records, purchase invoices, asset purchases, director transactions, share capital details and any loans or finance arrangements. Those records are used to produce a balance sheet and, where applicable, a profit and loss account, together with the notes and disclosures that the chosen reporting framework requires. The accounting period itself depends on the company’s incorporation date and its accounting reference date, so two companies incorporated in the same month can still have different first-period dates. First year accounts are generally delivered to Companies House where required. A confirmation statement is a separate filing and does not replace the accounts. If the company has Corporation Tax obligations, a CT600 is submitted to HMRC separately, and the company’s first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts — the figures may feed into the tax position, but the two filings go to different bodies for different reasons. Some newly incorporated companies qualify as micro-entities and can prepare accounts under the micro-entity framework using FRS 105, the financial reporting standard applicable to qualifying entities. Eligibility depends on the applicable conditions for the relevant accounting period, so it should be checked rather than assumed. A company that does not meet the criteria may still report under the small-company framework, or may need to prepare fuller accounts, depending on its circumstances.

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.

First Year Accounts for Limited Company in Buckhurst: Prepared Properly, Filed Where Required

The most common concern we hear from directors of newly incorporated companies is simple uncertainty — which period the first accounts cover, which records matter, whether the company qualifies for a simplified reporting framework, and what actually needs to go to Companies House. Micro Entity Accounts can take that work off your hands: reviewing your accounting records, preparing your first year statutory accounts, and filing them with Companies House where required. If your company also has Corporation Tax obligations, the same accounting information can support the figures behind a CT600 submitted to HMRC. Rather than spending your first accounting period trying to work out which rules apply to you, it is usually more efficient to have the accounts handled by someone who deals with them routinely — with clear pricing and no hidden costs.

─── 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 first set of annual statutory accounts prepared for a company's initial accounting period, covering the period from incorporation to the company's first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, plus any notes required by the reporting framework the company uses. First-year accounts are a Companies House matter and are separate from a Corporation Tax Return and from a confirmation statement.

Do new limited companies have to file accounts with Companies House?

Where a company is required to file statutory accounts, it must deliver them to Companies House for the relevant accounting period — even if it has been quiet or has not yet started trading. Very limited activity does not automatically remove that obligation. If the company has had no significant accounting transactions, its reporting position depends on its individual circumstances and the applicable rules, and whether it is genuinely dormant is a separate question worth confirming rather than assuming.

When are first accounts due?

The answer depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so there is no single date that fits every new company. Companies House sets the first accounting reference date from the month of incorporation, and the first accounting period may run for longer than a standard twelve-month period. Because the calculation varies from company to company, it is better to confirm your own company's period and filing date than to rely on a general rule.

What information is needed to prepare first-year accounts?

Usually bank statements and transaction records, sales and income records, purchase invoices and receipts, details of asset purchases, share capital information, director loan transactions, and any loans or finance agreements, along with payroll or VAT records where the company has them. Not every company will have all of these — a company with minimal activity will need a much shorter list. The more complete and organised the records, the more straightforward the preparation tends to be.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared under the applicable reporting framework and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, which is a separate filing for a separate purpose. The figures from the accounts are often used as a starting point when working out the company's Corporation Tax position, but filing one does not complete the other, and a company's first Corporation Tax accounting period may differ from the period covered by its statutory accounts.

Can a newly incorporated company qualify for micro-entity accounts?

Some can, but not automatically. Micro-entity status depends on meeting the eligibility conditions for the relevant accounting period, and those conditions relate to the size and nature of the company rather than simply being new or having low income. A qualifying company can use the micro-entity framework and FRS 105, the standard applicable to qualifying entities. Companies that do not qualify may report under the small-company framework or prepare fuller accounts, depending on their circumstances.

Do first-year accounts replace the confirmation statement?

No, they are separate obligations. The confirmation statement is a Companies House filing that confirms the company's registered details — such as directors, registered office and share capital — remain correct. Delivering first-year statutory accounts does not satisfy that requirement, and filing a confirmation statement does not satisfy the accounts requirement. Companies in Buckhurst may need to keep both up to date, alongside any Corporation Tax or VAT obligations that apply to them.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, although the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts — they still need to be delivered. Where an appeal may be possible, eligibility depends on the specific circumstances and the applicable rules. Preparing the accounts ahead of the deadline is the most reliable way to avoid the issue altogether.