─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Coalville

Your company’s first set of statutory accounts sets the tone for everything that follows, and getting them right matters. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Coalville with the preparation of their first year accounts, starting with a proper review of the accounting records you hold. We help pull together the balance sheet, the profit and loss account where applicable, and the supporting notes, then assist with filing those accounts with Companies House where required. Alongside this, we can explain how your first accounting period works, what your accounting reference date means in practice, and why a Corporation Tax Return such as a CT600 is a separate submission made to HMRC rather than to Companies House. Whether you have been trading for months or your activity has been limited so far, we can help you understand what is expected of your first accounts and how to approach them.

🔥 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, and When Might a Company Qualify as a Micro-Entity?

First year accounts are the first set of annual statutory accounts a limited company prepares, covering its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, although the exact dates depend on the company’s incorporation date and the accounting reference date Companies House has recorded. From there, the filing requirement and the deadline that applies follow the same details, so it is worth checking them early rather than assuming a standard twelve-month cycle. These accounts are not optional simply because the company is new. A limited company is generally expected to prepare statutory accounts for its accounting period and deliver them to Companies House where required, even where trading has not yet commenced or activity has been minimal. Whether the company’s reporting position is best described as having limited transactions or as dormant depends on its specific circumstances and the applicable rules, so this is something to confirm rather than assume. Some companies may be able to use the micro-entity accounting framework if they meet the eligibility requirements for the relevant accounting period, and FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Others may fall within the small-company regime or prepare accounts under a different framework entirely. The right approach depends on the company’s size, turnover and circumstances, and eligibility should be considered for each period rather than carried forward automatically. It also helps to be clear about what first year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and separate again from a confirmation statement, which keeps the public register up to date. Filing accounts with Companies House does not submit a CT600, and filing a CT600 does not satisfy the Companies House accounts requirement. The information in the accounts is often used when working out a company’s tax position, but the two filings serve different purposes and go to different destinations.

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 Properly From the Start

If your company has recently been incorporated in Coalville and you are unsure what your first accounts need to include, which reporting framework applies, or how the Companies House filing side works, you are not alone — it is one of the most common questions we hear from new directors. Micro Entity Accounts can assist with preparing your first year accounts from the records you hold, reviewing the figures with you, and supporting you through the filing process where required. We will also help you separate the accounts filing from your wider obligations, including any Corporation Tax or confirmation statement requirements that may apply. Clear pricing, no hidden costs and a straightforward explanation of what happens next — that is what professional support with your first accounts 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 your company prepares, covering its initial accounting period. The period usually runs from the date of incorporation to the company's first accounting reference date, and the accounts typically include a balance sheet, a profit and loss account where applicable, and supporting notes. Once prepared, they are delivered to Companies House where required for the relevant period.

When are first accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, along with the Companies House requirements that apply to that period. It is not the same for every company, so the sensible approach is to check your company's own dates rather than work from a general rule of thumb. We can help you confirm the period your first accounts cover and when the filing needs to be dealt with.

What information is needed to prepare first year accounts?

It varies with what the company has actually done. Typically we would look at bank transactions, sales and income records, purchase invoices and expenses, any asset purchases, director transactions, share capital details, and loans or finance arrangements. Payroll records or VAT records may be relevant where those apply. If your activity has been limited, the records needed will be correspondingly lighter, but accurate records still matter.

Do new limited companies have to file accounts with Companies House?

In most cases, yes — a limited company is generally expected to prepare statutory accounts for its accounting period and deliver them to Companies House where required, even if it has not started trading or has had minimal activity. This is separate from your Corporation Tax position, which is dealt with through HMRC. If you are unsure how this applies to a company registered in Coalville, it is worth checking your specific circumstances before assuming there is nothing to file.

Are first year accounts different from annual accounts?

The principles are the same, but the first set covers a different period. Later annual accounts usually cover a full twelve-month period, while first year accounts cover the period from incorporation to the first accounting reference date, which may be longer or shorter depending on the dates involved. The first set also tends to attract more questions from directors simply because it is new territory.

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

Not trading does not automatically remove the filing requirement. A company may still need to prepare and file statutory accounts even where activity has been limited, and whether it can be treated as dormant depends on its circumstances and the applicable rules rather than on the absence of trading alone. If your company has had no significant transactions, it is worth taking advice on the correct reporting position.

Are first year accounts the same as a CT600?

No. First year accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. They are separate filings with separate purposes and separate destinations. The figures from your accounts are often used when preparing your Corporation Tax position, and your company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify to use the micro-entity framework if they meet the applicable eligibility requirements for the relevant accounting period, in which case FRS 105 would be the relevant standard. However, not every new company qualifies, and low turnover alone does not automatically mean micro-entity status. The appropriate framework should be determined from the company's own circumstances.

What happens if first year accounts are filed late?

Failing to file 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 rules in force at the time. Paying any penalty does not remove the need to file the outstanding accounts. Where an appeal is a possibility, eligibility depends on the circumstances and the applicable rules.