─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Coatbridge: Preparation, Review and Companies House Filing Support

Incorporating a limited company in Coatbridge is usually the straightforward part. What follows is a set of statutory obligations, and the first of them is your opening set of annual accounts. First Year Accounts for Limited Company support from Micro Entity Accounts is built for directors of newly incorporated and newly trading companies who want their figures prepared accurately, their accounting records reviewed sensibly, and their accounts filed with Companies House where required. We look at what the company has actually done, whether that is a full year of trading or very little activity, and prepare accounts that reflect the position fairly. Where Corporation Tax applies, we can also help you understand how that fits in, but it is worth being clear from the outset: a CT600 is a separate submission made to HMRC, not the same thing as filing accounts at Companies House. Our role is to take the uncertainty out of the first accounting period so you can focus on running the business.

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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 New Limited Companies in Coatbridge

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are not an optional extra that can be postponed because the company is new or has only recently started trading. Once a company is incorporated, it has reporting responsibilities, and the first set of accounts is the point at which those responsibilities begin to take practical shape. The first accounting period generally runs from the date of incorporation through to the company’s first accounting reference date. That accounting reference date is set when the company is formed, and it can be adjusted in certain circumstances where the rules allow. Because of this, the length of a first accounting period is not identical for every company — it may be longer or shorter than the twelve-month periods that follow in later years. The filing arrangements with Companies House are measured against that accounting reference date, so the practical deadline for a first set of accounts is not something that can be assumed. For a company that meets the relevant eligibility conditions, the micro-entity accounting framework may be available, with FRS 105 as the financial reporting standard applicable to qualifying entities. That can simplify what the accounts contain. It does not follow that every newly incorporated company qualifies, and a company with modest turnover does not automatically fall into the micro-entity category either. Eligibility depends on the company’s circumstances and the requirements that apply to the accounting period in question, which is something we assess before deciding how the accounts should be prepared. Companies that do not meet the micro-entity tests may still fall within the small company regime, or may need to report under a fuller framework. It also helps to separate first-year statutory accounts from the other filings a company may have. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, typically submitted as a CT600, goes to HMRC, and the company’s first Corporation Tax accounting period does not always line up exactly with the period covered by the statutory accounts. A confirmation statement is a further, separate filing that keeps the public register up to date. VAT returns, where a company is registered, sit apart from all of these. Dealing with one does not discharge the others. In practice, first-year accounts usually include a balance sheet, and a profit and loss account where applicable under the relevant framework, together with the notes and statements the chosen reporting basis requires. The directors remain responsible for the accuracy of the information and for making sure the company meets its filing obligations, even when an accountant is engaged to prepare and submit the accounts. Preparing a first set of accounts properly means starting from the company’s own accounting records — bank transactions, sales and income records, expense receipts, purchase invoices, asset purchases, share capital details, director transactions and any loans or finance arrangements — and building a picture that stands up to scrutiny.

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 Coatbridge Prepared With Confidence

The first accounting period is often the one directors feel least sure about. You may not know which reporting framework applies, whether your records are complete enough, or what actually needs to go to Companies House and what belongs with HMRC instead. That uncertainty is normal, and it is exactly the point at which professional input makes a difference. Micro Entity Accounts provides first-year accounts preparation and filing support for limited companies in Coatbridge, working from your records to produce statutory accounts and helping you understand which other obligations, such as a Corporation Tax Return or a confirmation statement, still sit with the company. If you would like your first set of accounts handled by people who deal with new companies regularly, get in touch and we can talk through where your company stands.

─── 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 annual accounts your company prepares, covering its initial accounting period rather than a standard twelve-month year. That period normally begins on the date of incorporation and ends on the company's first accounting reference date, although the exact span can vary because accounting reference dates can be changed in certain circumstances. The accounts themselves are prepared from your accounting records and, depending on the framework that applies to your company, will include a balance sheet and, where applicable, a profit and loss account with supporting notes.

When are first accounts due to be filed?

The filing deadline is worked out from the company's accounting reference date, not from the date you finish the bookkeeping. For a company's very first set of accounts, the period allowed is generally longer than it is in later years, which is one reason first-year deadlines catch people out. Because the deadline depends on your incorporation date, your accounting reference date and the applicable Companies House requirements, the sensible approach is to check your company's record directly rather than assume a date. We can confirm the position for your company as part of the accounts process.

What information is needed to prepare first-year accounts?

It depends on what your company has actually done during the period. Typical information includes bank statements and transaction listings, sales or income records, purchase invoices, business expense receipts, details of any assets bought, share capital information, director transactions and any loans or finance the company holds or owes. Where the company runs a payroll or is VAT registered, the relevant records feed in as well. If some of those records do not exist because the company has had very little activity, that does not remove the need to look at the company's reporting position — it just changes the starting point.

Does a newly incorporated company in Coatbridge have to file accounts with Companies House even if it hasn't traded?

In many cases, yes. Statutory accounts generally need to be delivered to Companies House where required, and this does not switch off simply because the company has had limited or no trading activity. Whether a company is dormant in the technical sense is a separate question that depends on its circumstances and the applicable rules, and it should not be assumed. If you are unsure where a Coatbridge-based company sits, it is worth having the position reviewed before the filing date rather than after it.

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

No, they serve different purposes and go to different places. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation. The figures in your accounts often inform the tax return, but filing one does not complete the other. It is also possible for the company's first Corporation Tax accounting period to differ from the period covered by the statutory accounts, which is a common source of confusion for new directors.

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

Some newly incorporated companies do qualify, but not all of them. The micro-entity framework is available to entities that meet the applicable eligibility requirements for the accounting period in question, and FRS 105 is the standard used by qualifying entities reporting under it. A low-turnover company is not automatically within the framework, and a company in its first year of trading is not automatically outside it either. We review the company's circumstances and the rules for the relevant period before settling on the right basis for the accounts. Where micro-entity reporting is not appropriate, another framework may apply.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that keeps the information on the public register up to date, and it is not replaced by submitting your accounts. Filing your first-year accounts also does not remove any requirement to submit a confirmation statement, deal with VAT returns, or file a Corporation Tax Return with HMRC. Each has its own purpose and its own submission route. Keeping track of which filings apply to your company during and after its first year is part of good compliance housekeeping.

What happens if first-year accounts are filed late?

Delivering accounts after the applicable deadline can lead to consequences from Companies House, and the outcome depends on the circumstances and the rules in force at the time. Paying any penalty that follows does not remove the requirement to file the outstanding accounts — the filing still has to be completed. If accounts have already been filed late, appeal eligibility depends on the specific reasons and the applicable rules, so it is worth getting advice on whether grounds exist. Our focus is on preparing and filing accurate accounts so the situation does not arise in the first place.