─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chesham, Prepared With Professional Support

A newly incorporated company still has statutory accounts to prepare for its first accounting period, and the way that period falls is not always obvious from the incorporation date alone. Micro Entity Accounts supports directors in Chesham with First Year Accounts for Limited Company work — preparing the statutory accounts, reviewing the accounting records behind them and filing with Companies House where required. We also make the boundaries clear, so you know that a Corporation Tax Return such as a CT600 is a separate submission to HMRC where applicable, and that a confirmation statement is a separate Companies House requirement again. Whether your company has been trading since incorporation or has seen limited activity so far, getting the first set of accounts prepared carefully gives you a clean, well-documented starting point for the years that follow.

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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 Guide for Chesham Directors

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, it has reporting responsibilities, and the first accounts cover the period from incorporation (or from the start of trading, depending on the company’s circumstances) through to its first accounting reference date. The accounting reference date is normally set at incorporation, and it is this date that anchors the first accounting period. The first period is not always a neat twelve months; depending on the incorporation date and how the accounting reference date falls, it can run longer or shorter than a standard year. That is one reason a director should confirm the company’s own dates rather than assume they match another company’s. When the period ends, the accounts are prepared and delivered to Companies House where required. A company may also be able to use the micro-entity accounting framework if it meets the applicable eligibility requirements for that period — usually measured against thresholds covering turnover, balance sheet total and employee numbers. Not every new company qualifies, and not every company with modest income automatically does. FRS 105 is the financial reporting standard used by qualifying entities applying the micro-entity framework, and the right framework should be confirmed from the company’s own figures and circumstances. Three separate obligations are often confused, so it is worth separating them clearly. First year statutory accounts are delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate Companies House filing that keeps the register information up to date. Preparing or filing 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.

Get Your First Year Accounts for Limited Company in Chesham Prepared Accurately

If your company’s first accounting period is approaching its end and the paperwork is still sitting in a folder, you are not alone — it is one of the most common concerns we hear from directors in Chesham. Micro Entity Accounts can help you pull the year together: reviewing bank transactions, income and expense records, asset purchases and director transactions, preparing the statutory accounts and supporting you with the Companies House filing where required. We will also talk you through which reporting framework is likely to suit your company, and how your accounts position feeds into separate Corporation Tax work. Clear pricing, straightforward communication and a proper explanation of what has been prepared — that is what professional support should look like.

─── 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, running from incorporation or the start of trading through to the company's first accounting reference date. They typically include a balance sheet, and a profit and loss account or equivalent reporting depending on the framework the company uses, along with any notes required. Once prepared, they are delivered to Companies House where required.

When are a company's first accounts due?

The due date depends on the company's accounting reference date and the Companies House rules that apply at the time, and the first period is not always twelve months long. Because the dates vary from company to company, the sensible step is to confirm your own company's accounting reference date and filing deadline rather than work from an assumption. We can help you establish what applies to your company and plan the work around it.

What information is needed to prepare first year accounts?

It depends on what the company has done, but typical records include bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director loans or other transactions, and payroll or VAT records where those apply. If some records are incomplete, that is worth addressing early so the accounts reflect the company's position accurately.

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

In most cases yes, a company must file its statutory accounts with Companies House where required, even if it has had limited activity. Filing these accounts is separate from submitting a Corporation Tax Return to HMRC and separate again from the confirmation statement. Directors in Chesham often find it helpful to map all three obligations at once so nothing is missed during the first year.

Do first year accounts still need to be filed if the company has not traded?

A company that has not started trading may still have filing obligations, but the exact position depends on its circumstances and the applicable rules. Where a company has had no significant accounting transactions, there may be a question about whether it should be treated as dormant for Companies House purposes, and that is a judgement based on the facts rather than an automatic label. Filing a confirmation statement may still be required regardless.

Are first year accounts the same as a CT600?

No. First year statutory accounts go to Companies House where required, while a CT600 Corporation Tax Return is submitted to HMRC where applicable. The figures in the accounts often inform the tax computation, but these are two distinct filings with different destinations and different purposes — completing one does not complete the other.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, but it is not automatic and not every startup or small company is eligible. Eligibility depends on the applicable requirements for the relevant accounting period, including threshold tests. FRS 105 is the reporting standard used by qualifying entities applying that framework. The right approach is to check the company's own figures and circumstances before deciding.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome can vary depending on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is to get the accounts prepared and delivered, and we can discuss your position and whether an appeal may be appropriate.