─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Cononley, Prepared Properly From the Start

A company’s first set of statutory accounts tends to raise more questions than any filing that follows, largely because the accounting period rarely runs for a neat twelve months and the rules are unfamiliar. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Cononley to prepare their first-year accounts, review the accounting records behind them, and support the filing with Companies House where required. We also help directors understand how the incorporation date, accounting reference date and first accounting period shape what has to be done and when. It is worth being clear about boundaries too: a Corporation Tax Return such as a CT600 is a separate submission to HMRC, and filing accounts at Companies House does not discharge that obligation, nor does it replace a confirmation statement.

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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 Why Do New Limited Companies Need Them?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally starts on the date of incorporation and ends on the company’s first accounting reference date, which is set when the company is formed and can be adjusted in certain circumstances. Because the first period is often shorter or longer than the twelve months used in later years, it is worth confirming the exact dates that apply to your company rather than assuming a standard pattern, and confirming the resulting filing date for the accounts at Companies House. They are not optional simply because the company is new. Incorporation creates statutory obligations, and preparing and delivering accounts is part of them. Where a company has had very limited activity, or has not yet commenced trading, its reporting position still needs to be considered carefully against the applicable rules rather than assumed to be dormant. Where a company meets the relevant eligibility conditions for the period, it may be able to prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard that applies to qualifying entities. Eligibility is not automatic and does not follow from being newly incorporated or from having low turnover alone. The small-company regime may also be available in some circumstances. The appropriate framework depends on the company’s own position, and confirming it before the accounts are drafted avoids rework later. It is equally important to separate the filings. First-year 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 Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a third, separate filing that updates the company’s registered information. Preparing one does not complete the others, and the underlying accounting records support all of them.

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.

First Year Accounts for Limited Company in Cononley — Accurate Preparation and Clear Filing Support

Most directors approaching their first accounts share the same concerns: which records an accountant actually needs, whether a bank statement alone is enough, how the reporting framework is chosen, and what Companies House expects to receive. Micro Entity Accounts helps limited companies in Cononley work through those questions in straightforward terms, preparing the statutory accounts from the accounting records you hold and supporting the Companies House filing where required. Where the company also has Corporation Tax obligations, we explain how the accounts feed into that work while keeping the two processes clearly separate in your mind. With fixed-fee support and transparent pricing agreed in advance, you know what is being prepared and why before anything is filed. If your first accounting period is already underway, it is worth speaking to us early so the records can be tidied up while everything is still fresh.

─── 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, covering the initial accounting period that runs from the date of incorporation to the company's first accounting reference date. The accounts are normally prepared from the company's accounting records and delivered to Companies House where required. They are a Companies House filing obligation, and they are separate from any Corporation Tax Return submitted to HMRC.

When are first-year accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not the same for every company. The first accounting period is frequently longer or shorter than twelve months, which is why it is worth checking the specific dates that apply to your company rather than working from a general rule of thumb. If you are unsure where your company stands, we can review the position and confirm the period and filing date that apply.

What information is needed to prepare first-year accounts?

It varies with the company, but typically the records include bank transactions, sales and income records, business expenses and purchase invoices, details of any assets bought, share capital information, director transactions and loans, and any finance arrangements. Where the company runs payroll or is VAT registered, those records are relevant too. Companies with very little activity will need less, so it is best to check what applies to your circumstances before sending everything across.

Do I still need first-year accounts if the company has not started trading?

In many cases, yes. Incorporation itself creates statutory filing obligations, and a company that has not yet begun trading may still need to prepare and deliver accounts. Where there have been no significant accounting transactions, the reporting position depends on the applicable rules and the company's circumstances rather than being automatically treated as dormant. This is worth talking through rather than leaving the matter unaddressed.

Are first-year accounts the same as a CT600?

No. Your first statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Filing one does not file the other. The figures in the accounts often inform the Corporation Tax work, and the company's first Corporation Tax accounting period may not match its statutory accounts period, so the two need to be considered alongside each other.

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

It may do, but not automatically. Micro-entity reporting depends on the company meeting the eligibility conditions that apply for the relevant accounting period, and being new or having low turnover does not by itself settle the question. FRS 105 is the standard used by qualifying entities under that framework. The right approach is to assess the company's position before the accounts are prepared, and small-company reporting may be an option in some cases.

Do first-year accounts replace the confirmation statement?

They do not. The confirmation statement is a separate annual filing that confirms the company's registered details, such as directors, shareholders and registered office, are up to date. Filing your first accounts at Companies House does not satisfy the confirmation statement requirement, and the two may well fall due at different points in the year. Directors in Cononley often find it helpful to map both obligations together.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not identical in every case. Settling any penalty does not remove the requirement to file the outstanding accounts. Where an appeal is considered appropriate, eligibility depends on the specific circumstances and the rules that apply, so it is generally better to address an overdue filing promptly than to wait.