─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Charlbury, Prepared and Filed with Professional Support

Your company’s first set of statutory accounts is one of the earliest formal milestones after incorporation, and it raises practical questions that directors in Charlbury often find are not covered by the incorporation paperwork itself. Micro Entity Accounts prepares First Year Accounts for Limited Company clients as a focused piece of work: we review the accounting records you have kept since incorporation, prepare the statutory accounts for your initial accounting period, and file them with Companies House where required. We also explain how your Corporation Tax position fits alongside this, bearing in mind that a CT600 is submitted separately to HMRC and is not covered by the Companies House filing. The result is a clear, accurate first-year accounts pack, with the reporting framework confirmed in advance, so you know what has been prepared and why.

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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?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company’s first accounting reference date, which Companies House sets when the company is formed. It is usually the last day of the month in which the company was incorporated, although the accounting reference date can be changed in certain circumstances, so the exact period should always be confirmed for the company in question rather than assumed. Preparing these accounts is not optional simply because the company is new. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its statutory obligations, including delivering accounts to Companies House where required. The accounts are built from those records, and typically include a balance sheet, with a profit and loss account and supporting notes where applicable to the framework used. A company that has had limited activity, or that has not yet started trading, may still have a filing obligation, and its reporting position depends on its own circumstances and the applicable rules. Some companies qualify to report under the micro-entity framework, which uses FRS 105 and allows a simplified format. Eligibility has to be assessed separately against the applicable conditions for the relevant accounting period, and it does not follow automatically from being newly incorporated, from having modest activity, or from being a startup. A slightly larger company may instead fall within the small company regime. Directors in Charlbury should treat the framework question as a decision to confirm each year, not an assumption to carry forward. First year statutory accounts are also distinct from the company’s other compliance tasks. A separate filing with Companies House confirms the company’s registered details, and a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The accounting periods used for tax and for statutory accounts are not guaranteed to be identical, so the figures from the accounts are usually a starting point for the tax position rather than the whole of it.

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 Accurately, with Filing Support

The uncertainty usually creeps in around the detail: which records the accounts need, how the first accounting period is defined, whether the micro-entity framework genuinely applies, and what actually has to reach Companies House. Micro Entity Accounts works with newly incorporated companies and their directors on exactly that groundwork, preparing the first-year statutory accounts, confirming the reporting framework, and handling the Companies House filing where required, while keeping the separate Corporation Tax and confirmation statement obligations clearly in view. If your records are incomplete or your bookkeeping has been kept informally, we can work from what you have and tell you what is still needed. Getting the first set of accounts right sets the pattern for every accounting period that follows, and having a professional prepare and review them early is usually far easier than correcting them afterwards.

─── 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 your company prepares, covering the period from incorporation to the company's first accounting reference date. In practice they normally include a balance sheet, plus a profit and loss account and notes where the applicable framework requires them, and they are compiled from the company's accounting records. For a newly incorporated company in Charlbury, these accounts are the formal record of its first accounting period and are generally delivered to Companies House where required.

When are my first accounts due?

The due date depends on your company's incorporation date and its accounting reference date, and the first filing deadline is generally more generous than the deadline that applies to later accounting periods. Companies House sets the accounting reference date when the company is incorporated and writes to the registered office with the relevant details. Because the first period can be longer than a standard twelve months, the safest approach is to check the dates recorded for your own company rather than rely on a general rule of thumb. We can confirm the position and plan the preparation work around it.

What information is needed to prepare first year accounts?

Usually bank statements and transaction listings covering the period, sales invoices and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director's loan movements, and any loans or finance agreements. If the company has run a payroll or registered for VAT, the related records are relevant too. Not every company will have all of these; a company that has not yet started trading will have considerably less to provide. Once the records are in, the accounts are prepared and reviewed with you.

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

A company's statutory obligations generally still apply where activity has been minimal or trading has not yet begun, so accounts may still need to be prepared and filed. The reporting position depends on the company's circumstances and the applicable rules, and a company with no significant accounting transactions is not automatically treated as dormant for filing purposes. If you believe your company may be dormant, that is a separate question worth checking properly before you file anything, because it affects what the accounts look like and what has to be delivered.

Are first year accounts the same as a CT600?

No, they are two different filings with two different purposes. 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. Filing your accounts does not submit a CT600, and submitting a CT600 does not satisfy the Companies House accounts requirement. The figures in the accounts are commonly used as the starting point for the tax computation, but the first Corporation Tax accounting period and the statutory accounts period may not be identical.

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

Some newly incorporated companies do meet the conditions for the micro-entity framework, which uses FRS 105 and permits a simplified set of accounts. Eligibility is assessed separately for each relevant accounting period against the applicable criteria, so it does not follow automatically from being new, from keeping activity low, or from being a startup. A small company reporting framework may be available as an alternative. We look at which framework fits your company before any figures are finalised.

Do first year accounts replace the confirmation statement?

No. A confirmation statement is a separate annual filing that confirms the company's registered information, such as its officers, registered office and share details, is correct as at the confirmation date. Filing first year accounts does not replace it, and submitting a confirmation statement does not satisfy the accounts requirement. Companies in Charlbury can face both in the same period, so it helps to track the two obligations separately rather than treating one as covering the other.

What happens if first-year accounts are filed late?

Delivering accounts after the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty that increases the longer the accounts remain outstanding. How a case is treated depends on the length of the delay and the company's filing history, so it is not safe to assume every situation attracts the same outcome. Paying a penalty does not remove the requirement to file the outstanding accounts. If your accounts are already overdue, the priority is to get accurate accounts prepared and submitted, and to consider separately whether an appeal is appropriate in your circumstances.