─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Bude, Prepared and Filed by People Who Do This Every Day

Your first set of statutory accounts is a milestone for any newly incorporated company, and it is also the point at which Companies House filing requirements stop being theoretical. Micro Entity Accounts supports directors of new limited companies in Bude with the preparation of their first-year accounts, starting with a review of the accounting records you hold and a check on the accounting reference date Companies House has recorded for your company. We then prepare the statutory accounts for the period, including a balance sheet and, where applicable, a profit and loss account, and can file them with Companies House where required. If your company also has Corporation Tax obligations, those sit separately with HMRC and may involve a CT600 or other Corporation Tax Return, which is a different submission to a different authority. If you want your first accounts prepared properly the first time, we can help.

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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 How Does the First Accounting Period Work?

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 something that can be left until the company has grown. A newly formed company has an accounting reference date from the moment it is registered, and its first accounting period normally runs from the incorporation date to that reference date. Because that first period is often longer or shorter than a standard twelve months, the dates need to be checked against the company’s own Companies House record rather than assumed. The accounts themselves are delivered to Companies House where required, and they typically include a balance sheet, together with a profit and loss account and any notes where the applicable reporting framework requires them. Micro-entity status is a separate question. Some eligible companies may be able to prepare and file under the micro-entity framework using FRS 105, the financial reporting standard applicable to qualifying entities that use the micro-entity accounting framework, while others may fall within the small company regime or need full accounts. Eligibility depends on the company’s circumstances and the thresholds that apply for the relevant accounting period, and it should be assessed rather than assumed. It is also worth being clear about what first-year accounts are not. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate compliance matter, even where the figures in it are drawn from the same accounting records. A confirmation statement is separate again, and filing first-year accounts does not replace it. Directors remain responsible for ensuring the company meets its obligations, including keeping adequate accounting records, even where professional support is used to prepare and 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 Bude Prepared Accurately and Filed on Time

Most directors of newly incorporated companies in Bude have the same two worries: not knowing exactly which period the first accounts should cover, and not being confident that the accounting records they hold are complete enough to build a proper set of statutory accounts. That uncertainty is normal, and it is much easier to resolve before the period closes than afterwards. Micro Entity Accounts can review your records, confirm the accounting reference date your company needs to work to, prepare the first-year accounts for the relevant period and handle the Companies House filing where required, with clear pricing and no hidden costs. We will also flag where Corporation Tax or other obligations may sit separately with HMRC, so you can see the full picture of what your company needs to do. If you would rather have experienced hands prepare your first statutory accounts than work it out from scratch, get in touch and we will take it from there.

─── 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 statutory accounts a limited company prepares for its initial accounting period. They are drawn up from the company's accounting records and normally include a balance sheet, plus a profit and loss account and notes where the applicable reporting framework requires them. They cover the period from incorporation, or from the start of trading where relevant, up to the company's first accounting reference date. Filing them with Companies House is a statutory obligation where it applies, not something a company can defer until it is more established.

Are first-year accounts different from annual accounts?

The content is broadly the same, but the period can differ. Later annual accounts usually cover a twelve-month period, while a company's first accounting period commonly runs from the incorporation date to its first accounting reference date, which may be longer or shorter than a year. That is why the figures in first-year accounts can look unusual compared with a standard year, and why it is worth checking the exact dates on the company's Companies House record before preparation begins.

When are first-year accounts due to be filed?

It depends on the company's incorporation date and accounting reference date, so there is no single date that applies to every new company. Companies House generally allows a longer filing window for a company's first accounts than for later years, but the precise deadline should always be confirmed from the company's own record rather than assumed. If your company is based in Bude and you are unsure which period your first accounts should cover, we can check the position and confirm what needs to be filed and by when.

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

Generally, a company still has filing obligations even where activity has been limited or trading has not yet started. What the accounts should contain in that situation depends on the company's circumstances and the applicable rules. Having no significant transactions does not automatically mean the company is dormant for filing purposes, and dormant status has its own conditions. The correct approach is to establish what has actually happened in the period and prepare the filing that matches it.

What information is needed to prepare first-year accounts?

Typically we need bank statements and transaction records, details of any sales or income, business expenses and purchase invoices, asset purchases, director transactions or loans, share capital information, and payroll or VAT records where those apply. Not every company will have all of these, and a company with little activity may only have a small amount of information to provide. Accurate accounting records make the preparation of first-year accounts considerably more straightforward, and keeping them is a director's responsibility.

Are first-year accounts the same as a CT600?

No. They serve different purposes and go to different places. Statutory accounts are delivered to 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 accounting figures behind both may come from the same records, but filing accounts does not submit a Corporation Tax Return, and filing a CT600 does not complete the Companies House accounts filing. The first Corporation Tax accounting period and the statutory accounts period can also differ, so both should be checked.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity framework, and FRS 105 is the financial reporting standard used by qualifying entities within it. However, eligibility is not automatic for every new company or every company with low turnover. It depends on the company's circumstances and the applicable eligibility requirements for the relevant accounting period. Where a company does not qualify, the small company regime or full reporting may be the correct route, and that assessment should be made before the accounts are prepared.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable Companies House deadline can lead to consequences, and the outcome depends on the circumstances of the filing. Late filing penalties are not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, professional support can help you understand the position, prepare the accounts and deal with the filing. Whether a penalty appeal is possible depends on the specific circumstances and the applicable rules.