─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Clydebank — Prepared and Filed With Confidence

If your company was incorporated recently and you are based in Clydebank, its first set of statutory accounts will need to be prepared for the initial accounting period — regardless of whether trade has started, been limited, or has not yet begun. Micro Entity Accounts helps directors work through that first reporting cycle properly: we review the accounting records you hold, prepare the balance sheet and, where applicable, the profit and loss account, and assist with filing the accounts with Companies House where required. We also make sure you understand how your incorporation date and accounting reference date shape the first accounting period, and how the separate Corporation Tax return, such as a CT600, is dealt with through HMRC rather than Companies House.

🔥 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, and Does Your Clydebank Limited Company Fit That Framework?

First-year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which generally starts on the date of incorporation and ends on the company’s first accounting reference date. That opening period does not always run for a full twelve months, and Companies House can apply different rules to a first accounting period compared with later ones, so it is sensible to confirm the exact dates that apply to your company rather than assuming a standard annual cycle. The accounts themselves set out the company’s financial position at the period end, typically through a balance sheet and, where the reporting framework requires it, a profit and loss account with supporting notes. Directors remain responsible for keeping adequate accounting records, for the accuracy of what is reported, and for making sure the company meets its filing obligations — engaging an accountant assists with preparing, reviewing and filing the information, but it does not transfer those legal duties away from the board. Where a company qualifies, it may be able to use the micro-entity accounting framework, with FRS 105 as the financial reporting standard applicable to qualifying micro-entity entities. Eligibility depends on the company’s circumstances and the thresholds and conditions that apply to the relevant accounting period, so it is not something every newly incorporated company can assume. A start-up with modest activity may well qualify, while a company with more substantial turnover, employees or group connections may fall under the small-company regime or full reporting instead. The right framework should be confirmed before the accounts are drafted. It is also worth being clear about what first-year accounts are not. They are not a Corporation Tax Return. A limited company may separately need to prepare and submit a CT600 to HMRC, and the company’s first Corporation Tax accounting period and its statutory accounts period do not always line up exactly. A confirmation statement is another distinct filing, dealing with the company’s register information at Companies House, and filing first-year accounts does not replace it. VAT Returns, payroll submissions and bookkeeping records are separate again, relevant only where the company is registered for those obligations or has the activity that triggers them. In practice, preparing first-year accounts for a company in Clydebank usually starts with pulling together the records for the period: bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions and loans, share capital details and, where applicable, payroll or VAT records. From there we can confirm the reporting framework that fits, prepare the accounts, and help get them delivered to Companies House within the applicable deadline.

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 Correctly From the Start

The first reporting period is the one most directors find least familiar, because the accounting period, the accounting reference date and the filing requirements do not always work the way a new company expects. If you are unsure what needs to go into your accounts, which reporting framework applies, or what has to be sent to Companies House, Micro Entity Accounts can help. We prepare first-year statutory accounts from your records, explain the figures in plain terms, and assist with delivery to Companies House where required, while keeping the separate Corporation Tax position with HMRC clearly distinct. Get in touch to talk through your company’s first accounting period and what it needs.

─── 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 company prepares after incorporation, covering its initial accounting period. They normally include a balance sheet and, depending on the reporting framework that applies, a profit and loss account with supporting notes. The period usually runs from the incorporation date to the company's first accounting reference date, and it does not always cover a full twelve months.

When do first accounts need to be filed?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it varies from company to company. Companies House generally sets the filing date by reference to the accounting reference date, and a first set of accounts can follow different timing rules from later years. Rather than relying on a general rule of thumb, it is worth checking the specific dates attached to your company record and working back from there.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done during the period. Typically we would ask for bank statements and transaction records, sales and income details, purchase invoices and expense receipts, details of any assets bought or sold, director transactions and loans, share capital information, and any finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. A company with very little activity will naturally need less.

Does a newly incorporated company have to file accounts with Companies House?

In most cases, yes. A limited company is generally required to prepare and deliver statutory accounts for its accounting period where required, and that obligation applies to newly incorporated companies as well as established ones. Having had limited activity, or not having started trading yet, does not automatically remove the requirement — the reporting position depends on the company's own circumstances and the applicable rules. Whether a company can be treated as dormant is a separate question from whether accounts need to be prepared.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes and go to different bodies, and filing one does not complete the other. Information from the accounts is often used when working out the company's Corporation Tax position, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some newly incorporated companies do qualify for the micro-entity framework, but it is not automatic. Eligibility is based on whether the company meets the applicable conditions for the relevant accounting period, so a simple start-up may qualify while a company with higher turnover, employees or group links may not. Where the micro-entity framework applies, FRS 105 is the financial reporting standard used. We confirm the appropriate framework before preparing anything.

Do I still need to file a confirmation statement as well as first-year accounts?

Yes, they are separate requirements. A confirmation statement deals with confirming the company's information at Companies House — such as directors, shareholders and registered office details — while first-year accounts report the company's financial position for the period. Filing accounts does not satisfy the confirmation statement obligation, and keeping the company's record up to date is a continuing duty for directors.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, 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. Where a penalty is issued, whether an appeal is possible depends on the specific facts and the applicable rules, so it is best to take advice and get the accounts finalised as soon as possible.