─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brighton And Hove, Prepared by Specialists

The first set of statutory accounts is the foundation everything else builds on, and getting the structure right early saves time and awkward questions later. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Brighton And Hove with preparing first-year statutory accounts, reviewing the accounting records behind them, and delivering those accounts to Companies House where required. We also help directors understand how the first accounting period is determined, which reporting framework is likely to suit the company, and how the accounts sit alongside separate obligations such as a Corporation Tax Return or CT600, which is submitted to HMRC rather than Companies House. If the year’s records are still sitting in a spreadsheet or a shoebox, we can work through them with you before the figures are finalised.

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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, and When Does That Framework Apply?

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 do not become optional simply because a company is new or has had little activity. Once a company is incorporated, reporting obligations exist, and the first set of accounts is the company’s formal record of its financial position, and its performance where a profit and loss account is required, for that period. For a newly incorporated company in Brighton And Hove, that typically means a balance sheet, together with the notes and statements that the applicable framework requires. The first accounting period normally runs from the date of incorporation to the company’s first accounting reference date, which is set by reference to the incorporation date rather than chosen freely. Where trading begins later, or where the accounting reference date is changed, the period covered by the first accounts can differ from a straightforward twelve months. It is worth confirming the exact period before any figures are finalised, because the length of the period affects what the accounts cover. Once prepared, first-year statutory accounts are generally delivered to Companies House where required. A company that meets the eligibility conditions for the micro-entity framework may prepare its accounts under FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic and does not follow simply from being newly incorporated; it needs to be assessed for the relevant accounting period. A slightly larger company may fall within the small-company regime instead, and some companies prepare accounts under a fuller framework. It also helps to keep the filings separate in your mind. Statutory accounts delivered to Companies House are a different exercise from a Corporation Tax Return such as a CT600 submitted to HMRC, and different again from a confirmation statement. Figures from the accounts may feed into the tax return, but the documents serve different purposes and go to different recipients. Filing the accounts does not complete the company’s Corporation Tax position, and it does not discharge the confirmation statement requirement either.

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 Limited Company Accounts Prepared Accurately

Even a quiet first year raises questions that are hard to answer from guidance alone: how long the first accounting period actually is, whether the micro-entity framework applies, how director’s loan movements should be treated, and what Companies House expects to receive. Left unresolved, those questions tend to surface only when a filing date is close. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Brighton And Hove to prepare first-year statutory accounts, review the underlying accounting records, and manage the Companies House filing where it applies, with clear pricing and no hidden costs. If you would rather have the first set of accounts properly structured from the outset than guess at it, get in touch and we will confirm what is needed for your company.

─── 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 a company prepares for its initial accounting period, covering the period from incorporation to the company's first accounting reference date. They usually include a balance sheet, and a profit and loss account where the applicable framework requires one, along with the supporting notes and statements. They are a statutory requirement rather than an optional exercise, and they are generally delivered to Companies House where required.

When are a new company's first accounts due?

The answer depends on the company's incorporation date and its accounting reference date, so it is not identical for every business. The deadline for a first set of accounts is generally calculated differently from later years, which is why the date should be checked against the specific company rather than assumed. We can confirm the applicable period and filing date for your company and plan the preparation work around it.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period. Typical items include bank statements and transaction records, sales or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director transactions or loans, and payroll or VAT records where those apply. Not every company will have all of these, and a company with limited activity will need less. What matters is that the records are complete enough to support the figures in the accounts.

Do newly incorporated companies have to file accounts with Companies House?

Yes, in general terms a limited company has statutory accounts filing obligations once incorporated, and this applies even if trading has not yet started or activity has been minimal. A company with no significant transactions may have a different reporting position depending on its circumstances and the applicable rules, but that position should be established properly rather than assumed. Being dormant for accounts purposes is a specific status, not a default for a quiet first year.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts go to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. Figures from the accounts often feed into the tax return, but the two filings have separate purposes, separate destinations and separate requirements. Filing one does not complete or satisfy the other, and the company's first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts.

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

It may, but qualification is not automatic just because a company is new or small in its first year. Eligibility depends on meeting the applicable conditions for the relevant accounting period, and those conditions should be reviewed before the framework is chosen. Where a company qualifies, its accounts may be prepared under FRS 105, the standard applicable to qualifying entities using the micro-entity framework. Companies that do not meet the conditions may report under the small-company regime or a fuller framework instead.

Do first-year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement keeps the company's information on the Companies House register up to date, while first-year accounts report the company's financial position for its initial accounting period. Delivering accounts does not remove the need to file a confirmation statement when it is due, and filing a confirmation statement does not satisfy the accounts requirement. Directors in Brighton And Hove should keep track of both.

What happens if first-year accounts are filed late?

Failing to deliver 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 obligation to file the outstanding accounts. Where a penalty is issued, whether an appeal is available depends on the specific situation and the applicable rules, so it is worth taking advice rather than assuming an appeal will s쳮d.