─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Cannock — Prepared and Filed With Professional Support

If your company has been incorporated recently, its first set of statutory accounts has to be prepared for the initial accounting period, and the process raises questions that are rarely obvious at the point of incorporation. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Cannock on exactly that task: reviewing the accounting records behind the figures, preparing the balance sheet and any profit and loss account required under the applicable reporting framework, and filing the first-year accounts with Companies House where required. Where a company also has Corporation Tax obligations, those sit separately with HMRC — a Corporation Tax Return such as a CT600 is a different filing with a different destination. We look at the company’s accounting reference date, the length of its first accounting period and whether it meets the eligibility criteria for simplified reporting, so the accounts reflect the company’s actual circumstances rather than a template assumption.

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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? A Practical Starting Point for New Limited Companies in Cannock

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the company’s first financial period rather than a later trading year, and they are a statutory requirement in their own right — a company does not avoid the obligation simply because it was incorporated recently or has had limited activity so far. When a company is incorporated, Companies House sets an accounting reference date, generally the last day of the month in which the first anniversary of incorporation falls. The first accounting period usually runs from the date of incorporation to that first accounting reference date, but the exact position depends on the incorporation date, the accounting reference date and whether the period has been shortened or extended. Directors of a new company in Cannock should confirm the dates that apply to their own company rather than assume a standard twelve-month period. The accounts typically include a balance sheet and, where the applicable framework requires one, a profit and loss account, together with any notes needed to support the figures. The framework used depends on the company’s circumstances. Some companies qualify to report as micro-entities, with FRS 105 as the financial reporting standard applicable to qualifying entities, while others may fall within the small-company regime or require fuller reporting. Eligibility is assessed against the applicable criteria for the relevant accounting period, so a newly formed company is not automatically a micro-entity, and a company with modest activity is not automatically eligible either. Once prepared and approved by the directors, first-year statutory accounts are generally filed with Companies House where required. Companies House receives and registers the accounts; it does not prepare them and does not approve them in any professional or regulatory sense. It is worth separating the accounts from the company’s other filings. A Corporation Tax Return, such as a CT600, is submitted to HMRC and serves a different purpose — the company’s first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts. A confirmation statement is a separate filing that confirms the information Companies House holds remains accurate. Delivering first-year accounts does not complete either of those requirements, and submitting a CT600 does not satisfy the accounts filing obligation.

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 Cannock Prepared Correctly

Most directors of newly incorporated companies reach the same point: the year-end is approaching, the records are in a mixture of bank statements, invoices and spreadsheets, and it is not clear which figures belong in the statutory accounts, which belong in a tax filing and which dates actually apply. Micro Entity Accounts can take that on, reviewing your accounting records, preparing the first-year statutory accounts under the appropriate reporting framework and filing them with Companies House where required, while making clear where separate obligations such as a CT600, a confirmation statement or VAT lie with HMRC or Companies House. If you would rather know your first accounts are complete and consistent before the filing date rather than after it, it is worth speaking to us early.

─── 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 exactly are first-year accounts for a limited company?

They are the first set of annual statutory accounts a company prepares, covering its initial accounting period from incorporation, or from the start of the first period, up to its first accounting reference date. They are prepared under an applicable reporting framework and are generally delivered to Companies House where required. They are statutory accounts, not internal management accounts, and they are separate from the company's tax filings and its confirmation statement. The period they cover may be shorter or longer than twelve months depending on the company's incorporation date and accounting reference date.

When are my first-year accounts due to be filed?

The deadline is not the same for every company. It depends on the incorporation date, the accounting reference date set by Companies House and whether the company has changed its accounting reference date. First accounts deadlines can be calculated differently from later years' deadlines, so the only reliable starting point is the company's own Companies House record. Directors should check the specific dates against their company record, and we can confirm the applicable position as part of the accounts preparation process.

What records do I need to gather before first-year accounts can be prepared?

It depends on what the company has actually done during the period. Typically, bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information and any director's loan or financing arrangements will be relevant. Where the company has run payroll or registered for VAT, the corresponding records matter too. A company with very little activity may need far fewer records, but there is usually still something to document. The clearer the records, the more straightforward the preparation tends to be.

Do we still need to file accounts if the company has not started trading?

Possibly yes. A limited company can have statutory filing obligations even where activity has been minimal or trading has not yet begun, so incorporation alone can create reporting duties. Whether the company is treated as dormant for filing purposes depends on its specific circumstances and the applicable rules — it is not something that should be assumed. Directors should confirm the position rather than let the year pass without filing anything, as outstanding filings can build up over time.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. 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 a Corporation Tax obligation. The two filings have different purposes and different destinations, and one does not replace the other. The figures in the accounts often feed into the tax return preparation, but the company's first Corporation Tax accounting period may not match the period covered by its statutory accounts, so the two need to be considered alongside each other rather than treated as a single exercise.

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

Some new companies do qualify for the micro-entity reporting framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. However, eligibility is determined by the applicable criteria for the relevant accounting period, so it is not automatic for every startup or every company with low turnover. A company that does not meet the requirements may report under the small-company regime or need fuller accounts. Before preparing anything, we look at the company's position and confirm which framework is appropriate.

Do first-year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement confirms that the information Companies House holds about the company, such as its directors, registered office and share structure, is still accurate. Filing first-year accounts does not satisfy that obligation, and filing a confirmation statement does not satisfy the accounts requirement. Both may need attention in the same year, so it helps to plan them together rather than treating them as one filing.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House can apply consequences, and these are not necessarily identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts, and the accounts still need to be delivered. If a company has missed a deadline, it is usually best to address it promptly rather than wait, and to understand whether there are grounds for an appeal, which depends on the circumstances and the applicable rules. We can help directors in Cannock work through an overdue position, but no outcome can be guaranteed in advance.