─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brixham, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is an important milestone, and it is worth getting the preparation right from the outset. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Brixham work through their first accounting period, build the figures from properly kept accounting records, and prepare statutory accounts that reflect the company’s position. Where those accounts need to be delivered to Companies House, we can prepare and file them on the company’s behalf. First-year accounts are a Companies House matter, so if the company also has Corporation Tax obligations, a CT600 Return is submitted separately to HMRC where applicable.

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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 Limited Company, and When Might Micro-Entity Reporting Apply?

First year accounts are the first set of statutory annual accounts a limited company prepares, covering the period from incorporation (or from the start of its first accounting period) through to its first accounting reference date. Companies House sets an accounting reference date for every newly incorporated company, and the company’s first accounting period is measured against that date. Because that first period can run for longer or shorter than a typical twelve-month period, the first accounts deadline does not always follow the same pattern as later years, and it is worth confirming the position for your own company rather than assuming a standard date applies. Once the period has ended, the directors are responsible for making sure statutory accounts are prepared and, where required, filed with Companies House. This is a separate obligation from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and from the confirmation statement, which simply confirms that the company’s register information at Companies House remains correct. The figures in the accounts may well feed into the company’s Corporation Tax position, but the filings have different purposes and go to different places. Some companies may be able to use the micro-entity accounting framework, which is set out in FRS 105, or the small company framework, depending on their circumstances for the relevant accounting period. Eligibility is not automatic and is not decided simply by the age of the company or by a quiet first few months of trading; it depends on the applicable criteria being met. We review the company’s position, confirm which framework is likely to be appropriate, and prepare the accounts — typically a balance sheet and, where relevant, a profit and loss account — accordingly.

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 Brixham Prepared Properly

The first accounting period is often the point where a director realises how much depends on getting the records and the reporting framework right. Bank transactions may be mixed with personal spending, invoices may be sitting in a folder, and it is not always obvious whether micro-entity accounts are appropriate or whether a full set of statutory accounts is needed. Micro Entity Accounts works with limited company directors in Brixham to review the accounting records, prepare the first set of statutory accounts and handle the Companies House filing where required, while keeping the separate Corporation Tax position clearly in view. If you would rather not guess your way through the first filing, professional support at this stage is a sensible place to start.

─── 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 statutory annual accounts, covering the initial accounting period from incorporation or the start of trading through to the first accounting reference date. They are prepared from the company's accounting records and normally include a balance sheet, with a profit and loss account included where the applicable reporting framework requires it. They are different from later annual accounts only in the period they cover — the underlying preparation process is much the same.

When are first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date rather than following an identical pattern for every company. First accounting periods often run for more than twelve months, which affects when the accounts are due at Companies House. Rather than estimate, we check the specific dates attached to your company and confirm the position for you.

What information is needed to prepare first year accounts?

We normally ask for bank statements and transaction records, sales and income records, purchase invoices and business expense receipts, details of any assets purchased, share capital information, and any director's loan or financing arrangements. Where the company runs payroll or is VAT registered, those records are useful too. Not every company will have all of these — a newly incorporated company in Brixham with limited activity may have very little to provide, and we work with what the company actually has.

Does a newly incorporated limited company have to file accounts with Companies House even if it has not traded?

In many cases yes, statutory accounts still need to be prepared and filed, even where activity has been limited or trading has not yet begun. Whether the company is dormant for reporting purposes depends on its circumstances and the applicable rules, so it should not be assumed either way. Where Companies House accounts are required, we can prepare and file them, and where the position is genuinely dormant, we can look at what that means for the company's filings.

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

No. Statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The first Corporation Tax accounting period and the statutory accounts period do not always run to the same dates, so the two need to be considered separately even though the accounts figures often inform the tax position.

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

Some companies can, but eligibility depends on meeting the applicable criteria for the relevant accounting period — it is not something that applies automatically to every newly incorporated company. Where a company does qualify, the micro-entity framework under FRS 105 allows a simplified set of accounts. We assess the position before deciding which framework to use, rather than assuming at the outset.

Do first year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement confirms that the company's details at Companies House — such as directors, registered office and share information — are up to date, while the accounts report the company's financial position for the period. Filing one does not satisfy the other, and a director in Brixham should keep both in view during the company's first year.

What happens if first year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the outcome can vary depending on the circumstances and how overdue the accounts are. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to prepare and submit them as soon as possible, and we can look at whether an appeal is appropriate in the circumstances.