─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Camborne

Your company’s first accounting period sets the tone for everything that follows, and getting the figures right at that stage makes later years far easier to manage. If you have recently incorporated a limited company in Camborne, Micro Entity Accounts can prepare your first set of statutory accounts, review the accounting records behind them and help you file with Companies House where required. We work through the detail with you — share capital, director loan movements, income and expenses, asset purchases — so the balance sheet and any profit and loss account genuinely reflect what happened during the period, and we will confirm whether the micro-entity or small company framework is likely to suit your circumstances. Corporation Tax is a separate matter: if the company needs to submit a CT600, that goes to HMRC rather than Companies House, and we can explain how the two obligations sit alongside each other.

🔥 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? Statutory Accounts Explained for Camborne Directors

First-year accounts are the first complete set of statutory accounts a limited company prepares for its initial accounting period. For a company incorporated partway through a calendar year, that period typically runs from the incorporation date to the company’s first accounting reference date, which means it can be longer or shorter than the twelve months directors tend to expect from later years. Because the length and end date of the period vary from company to company, the filing deadline attached to it also varies, so it is always worth confirming the position for your own company rather than assuming it matches another director’s experience. A company does not choose whether first-year accounts are needed. The obligation comes from company law, and once the period ends the directors remain responsible for ensuring accounts are prepared and, where required, delivered to Companies House. Preparing them means bringing the period’s transactions together into a structured set of statements, usually a balance sheet, together with a profit and loss account and supporting notes where applicable, plus any disclosures required by the framework being used. Micro-entity is a reporting category rather than an automatic label for new companies. Some newly incorporated companies do meet the eligibility conditions for the micro-entity framework and can prepare simpler accounts under FRS 105, which is the financial reporting standard available to qualifying entities using that framework. Others will fall within the small company regime or need to prepare accounts on a fuller basis. Eligibility depends on the company’s size and circumstances for the relevant accounting period, so the appropriate framework should be checked rather than assumed. It also helps to separate the different filings from the outset. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and serves a different purpose, even though the accounting figures behind it often come from the same records. A confirmation statement is a third, separate obligation that keeps the public register accurate. Completing one of these does not complete 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.

Have Your First-Year Accounts Prepared Properly From the Start

If your company’s first accounting period has ended, or is approaching, and you are unsure which figures belong where, it is far easier to sort the numbers out before a filing is due than to unpick them afterwards. Micro Entity Accounts works with directors of newly incorporated companies across Camborne to prepare first-year statutory accounts, review the underlying accounting records and file with Companies House where required. We will also point out whether a Corporation Tax Return such as a CT600 is likely to be needed for HMRC, since that sits outside the Companies House accounts process entirely. Whether your bookkeeping is neatly reconciled or still sitting in a folder of invoices, getting professional support early gives you a clearer picture of your company’s position and a straightforward route through its first statutory filing.

─── 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 limited company prepares for its initial accounting period. That period normally begins on the incorporation date and ends on the company's first accounting reference date. The accounts usually include a balance sheet, and a profit and loss account with notes where applicable, and they are delivered to Companies House where required. They are a legal obligation for most companies, not an optional exercise.

When are first-year accounts due?

The due date depends on the company's incorporation date and its accounting reference date, and Companies House generally allows a longer filing period for a company's first accounts than for later years. Because the first accounting period can be longer than twelve months, the deadline is not identical for every company. The most reliable approach is to check the company's own Companies House record or ask an accountant to confirm the due date for your first accounting period.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typical items include bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, director loan account movements, share capital information, and any loans or finance agreements. Where payroll or VAT is in place, those records are relevant too. If the company has had little activity, the accounts will be simpler but some core information, such as share capital, is still usually needed.

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

In most cases yes, and the obligation generally applies even where trading has been limited. A company can only be treated as dormant for filing purposes if it meets the specific conditions, which is a separate question from simply having had a quiet year. Directors in Camborne should not assume that a lack of sales removes the need to file, so it is worth confirming the company's reporting position before the deadline passes.

Are first-year accounts different from annual accounts?

They are the first in the same series. The main practical differences are that the first accounting period may be longer or shorter than twelve months, and the filing deadline rules for a first set of accounts can differ from those for later years. Once the first accounts have been prepared and filed, subsequent years generally follow a more predictable pattern.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members, filed with Companies House where required, and follow company law and the applicable accounting framework. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable and deals with the company's tax position. The figures in the accounts often inform the tax return, but they are separate documents with separate destinations, and filing one does not complete the other.

Can a new company qualify for micro-entity accounts?

Some do, but not all, and a company is not automatically a micro-entity simply because it has recently been incorporated. Eligibility depends on criteria such as balance sheet total, turnover and employee numbers for the relevant accounting period, along with the requirements that apply at that time. Where a company does qualify, it may be able to prepare simpler accounts under FRS 105. The appropriate framework should be assessed against your company's circumstances rather than assumed.

What happens if first-year accounts are filed late?

Failing to deliver accounts to Companies House by the applicable deadline can lead to consequences, which may include penalties. The outcome is not identical in every case and depends on the circumstances, and paying a penalty does not remove the requirement to file the outstanding accounts. If a filing is already overdue, the priority is to get accurate accounts prepared and submitted, and to understand whether there are grounds for an appeal under the applicable rules.