─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Caerphilly

If you have recently incorporated a company and are approaching your first set of statutory accounts, Micro Entity Accounts can help you prepare and file them properly. We work with directors of newly incorporated and newly trading limited companies in Caerphilly to turn accounting records, bank transactions and supporting documents into a clear set of first-year accounts, including a balance sheet and, where applicable, a profit and loss account. We also handle delivery of the accounts to Companies House where required. Just as importantly, we explain where those accounts stop and other obligations begin. A Corporation Tax Return such as a CT600 is a separate submission made to HMRC, and a confirmation statement is a separate Companies House filing again. Understanding those boundaries early helps you avoid assuming one filing has covered another.

🔥 SAVE £100.00

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?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are a legal requirement for a company that is within the accounts filing regime — being newly incorporated does not remove that obligation, even if trading has been limited or has not yet started. The first accounting period normally begins on the date of incorporation and ends on the company’s first accounting reference date, although the exact period and the resulting filing deadline depend on the incorporation date, the accounting reference date and applicable Companies House requirements. That is why two companies incorporated a few weeks apart can face slightly different first-year positions. In practical terms, the accounts draw together the company’s financial information for that period. Depending on the company’s circumstances, this may include share capital, bank balances, amounts owed to or by the company, asset purchases, expenses and, where the company has traded, income and costs. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its filing obligations, even when an accountant is engaged to prepare or submit the accounts. Some companies may be eligible to prepare accounts under the micro-entity framework, which is based on the financial reporting standard FRS 105. Eligibility is not automatic and does not follow simply from being new or from having low activity — it depends on whether the company meets the applicable criteria for the relevant accounting period. Companies that do not qualify as micro-entities may fall within the small company framework or prepare accounts under a fuller framework, depending on their circumstances. Where an entity does qualify, micro-entity accounts can be shorter and more straightforward, which is often helpful for a first-year filing. It is worth being clear about what first-year statutory accounts are not. They are not a Corporation Tax Return. A limited company may also need to prepare and submit a CT600 to HMRC, and the accounts information often feeds into that work, but the two filings have different purposes and go to different destinations. It is also possible for the company’s first Corporation Tax accounting period and its statutory accounts period to differ. A confirmation statement is a separate matter again, updating Companies House on the company’s current position, and filing accounts does not replace it. Directors in Caerphilly should treat each of these as a distinct item on the compliance calendar rather than assuming one covers the others.

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 Prepared and Filed with Confidence

The first set of accounts often raises more questions than any later filing. Which accounting period applies? What records are needed if the company has barely traded? Should the accounts be prepared under the micro-entity framework or something fuller? Micro Entity Accounts works with directors of newly incorporated limited companies in Caerphilly to answer those questions and to prepare first-year accounts that reflect the company’s actual position. We review your accounting records, identify gaps, prepare the statutory accounts and handle delivery to Companies House where required — and we will tell you plainly when a Corporation Tax Return, confirmation statement or other obligation sits outside that filing. If your first accounting period is approaching, or you are unsure what is due, getting professional support early is far easier than correcting a filing later.

─── 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 annual statutory accounts, covering the initial accounting period from incorporation to the first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, along with the notes required by the reporting framework the company uses. They are prepared for the company's members and filed with Companies House where required.

When are first accounts due?

This depends on the company's incorporation date and its accounting reference date, and the deadline is not the same for every company. Companies House applies specific rules to first accounts, including how the first accounting period is treated, and the resulting deadline can differ from later years. We check the position for your company rather than applying a general assumption, and we plan the work so the filing is not left to the last moment.

What information do you need to prepare first-year accounts?

It varies with the company's activity. Usually we ask for bank statements and transaction listings, details of share capital, any business expenses and purchase invoices, asset purchases, director transactions or loans, and any payroll or VAT records where those apply. If the company has had very little activity, the records needed will be far fewer, but we still need enough to establish the position accurately.

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

In most cases yes, first-year statutory accounts are delivered to Companies House where required. That obligation is not cancelled by the company having had limited activity or not yet starting to trade, although the reporting position for a company with no significant transactions depends on its circumstances and applicable rules rather than being automatically treated as dormant. If you are unsure where your company sits, it is worth confirming before the period ends.

Are first-year accounts different from annual accounts?

The content is essentially the same kind of statutory accounts. The difference is the period they cover and the fact that the first accounting period can be treated differently for filing purposes, particularly where the company has a long first period. Once the first accounts are filed, later years generally follow a more predictable pattern based on the same accounting reference date.

Are first-year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts are often used when preparing the tax return, but they are separate filings with separate deadlines, and completing one does not complete the other. A company's first Corporation Tax accounting period may also differ from its statutory accounts period.

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

Some companies do qualify for the micro-entity framework, which uses FRS 105, but eligibility is not automatic and does not follow simply from being newly incorporated or from having low turnover. It depends on whether the company meets the applicable criteria for the relevant accounting period. If it does not qualify, the small company framework or a fuller framework may apply instead. We assess this against your company's circumstances before preparing anything.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is to get accurate accounts prepared and delivered as soon as possible, and we can assist with that.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details are up to date, and it is not replaced by filing accounts. A company may still need to submit confirmation statements and keep its Companies House information current while also dealing with its first-year accounts.