─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chobham — Professional Preparation and Filing Support

Your company’s first set of statutory accounts is one of the earliest formal milestones after incorporation, and it is worth getting the foundations right. We help directors of newly incorporated and newly trading companies with First Year Accounts for Limited Company in Chobham — reviewing the accounting records, preparing the statutory accounts for the initial accounting period and supporting the delivery of those accounts to Companies House where required. Because the first period can be an unusual length and the reporting framework depends on eligibility, we take time to confirm what actually applies to your company before anything is prepared. Where Corporation Tax is also due, a CT600 and any related submissions to HMRC are handled as a separate exercise, since Companies House filing and HMRC filing serve different purposes and follow different rules.

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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 What Do Directors Need to Know?

First-year accounts are the first set of annual statutory accounts a newly incorporated limited company prepares. They cover the company’s initial accounting period, which generally starts on the date of incorporation and runs to the company’s first accounting reference date, although the exact period, and any filing deadline attached to it, depends on the incorporation date, the accounting reference date and the Companies House requirements that apply to that particular company. Not every company has a first period of the same length, and the accounting reference date can sometimes be adjusted under the applicable rules, so the details are always worth confirming rather than assuming. These accounts are not optional simply because the company is new. A limited company is expected to prepare accounts covering its first period and to deliver them to Companies House where required. That remains the case where activity has been limited. If the company has had no significant accounting transactions, the correct reporting position still depends on its specific circumstances and the rules that apply — it does not automatically follow that the company should be described as dormant. Some companies may qualify to prepare accounts under the micro-entity framework, which uses FRS 105, the financial reporting standard applicable to qualifying entities within that framework. Eligibility is assessed against the applicable criteria for the relevant accounting period and needs to be looked at on its own merits. A newly incorporated company is not automatically a micro-entity, and FRS 105 does not apply to every new company — where micro-entity reporting is not available, the small companies regime or full reporting may be the appropriate route. It also helps to keep the three main obligations distinct. First-year statutory accounts are prepared for the company’s members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has a Corporation Tax obligation, and the company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a further, separate filing that keeps the public register up to date. 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.

Professional Preparation for Your First Year Accounts for Limited Company in Chobham

If your first accounting period is drawing to a close and you are unsure what needs to be prepared, what records to pull together, or which reporting framework your company actually falls under, that uncertainty is common among directors of newly incorporated companies — and it is far easier to resolve before the period end than after. Micro Entity Accounts works with limited companies in Chobham on first-year accounts preparation, reviewing the accounting records, drafting the statutory accounts and supporting the Companies House filing where required, while keeping the separate Corporation Tax position clearly in view. You get transparent fees, clear communication and no hidden costs, plus an explanation of what has been prepared and why. Speak to us before your first accounts are due and start the process with the right information in place.

─── 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 statutory accounts prepared for a limited company's initial accounting period. That period usually begins on the date of incorporation and ends on the company's first accounting reference date, although the precise dates depend on the incorporation date and the accounting reference date assigned at Companies House. The accounts typically include a balance sheet, and a profit and loss account where the applicable reporting framework requires one, together with any notes required for the framework being used.

When do first-year accounts need to be filed?

The deadline depends on the company's incorporation date, its accounting reference date and the filing requirements that apply to it. First accounts are often treated differently from later sets of accounts, so the date is not something to estimate. The most reliable approach is to confirm the position for your own company before the period ends, and to allow enough time for the records to be reviewed and the accounts to be prepared properly rather than working backwards from a filing date.

What information is needed to prepare first-year accounts?

It varies with what the company has actually done. Typically it includes bank transactions and statements, sales and income records, business expenses and purchase invoices, details of any assets bought, share capital and shareholder information, and any loans, finance agreements or director transactions. Where the company runs payroll or is VAT registered, those records are relevant too. Companies with very little activity need far less, but the bank position and share capital still usually need to be accounted for.

Does a company that has not traded still need to file first-year accounts with Companies House?

A limited company generally still has statutory accounts obligations even where trading has not started or activity has been minimal. Whether it is treated as dormant for reporting purposes depends on its particular circumstances and the applicable rules, so it should not be assumed either way. Many directors in Chobham find it useful to have the position reviewed before deciding how to proceed, particularly where the company has been incorporated for some time without starting to trade.

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

No, and they are submitted to different bodies. The statutory accounts are prepared for the company's members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation. Figures from the accounts often inform the tax return, but filing one does not file the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

It may, if it meets the applicable eligibility criteria for the relevant accounting period, in which case micro-entity accounts are prepared under FRS 105, the financial reporting standard for qualifying entities using that framework. Eligibility should be assessed rather than assumed, and being newly incorporated does not by itself make a company a micro-entity. Some companies fall under the small companies regime instead, or need to report under a different framework altogether.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details and is submitted at its own interval, independently of the accounts. Filing statutory accounts does not satisfy the confirmation statement requirement, and a company may still need to keep its Companies House information up to date during its first year. The two obligations run alongside each other.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by 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 obligation to file the outstanding accounts. If accounts are already overdue, the priority is normally to get accurate accounts prepared and delivered, and to understand whether any appeal route may be available for your situation.