─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Corby, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, and it pays to get the foundations right. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Corby prepare their first year accounts — reviewing the accounting records you hold, drafting the balance sheet and, where applicable, the profit and loss account, and supporting you with filing those accounts at Companies House where required. We also explain how the first accounting period and accounting reference date affect your reporting position, and how the appropriate reporting framework is decided. Corporation Tax is a separate matter: a CT600 is submitted to HMRC, not Companies House, so we keep the two clearly distinct and help you understand which obligations apply to your company.

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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?

First year accounts are the very first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the business is young: once a company is incorporated, it has reporting duties, and its first statutory accounts normally need to be delivered to Companies House where required. The first accounting period generally runs from the date of incorporation to the company’s first accounting reference date, although Companies House rules can shorten or adjust that period for a first set of accounts, so the exact dates depend on the incorporation date and the accounting reference date rather than following one universal pattern. An eligible company may be able to use the micro-entity reporting framework — FRS 105 is the financial reporting standard applicable to qualifying entities using that framework — but eligibility depends on the company meeting the applicable criteria for the relevant accounting period, and not every new company will qualify, nor does FRS 105 automatically apply to every newly incorporated company. The content of the accounts also depends on the framework used, so a micro-entity set is typically shorter and simpler than full accounts, while a company outside that framework prepares accounts under a different regime. Directors should also be clear about what first year accounts are not. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and a confirmation statement is a further, distinct Companies House filing that keeps the public register up to date. Filing statutory accounts does not tick off those obligations, and the company’s first Corporation Tax accounting period may not necessarily match its statutory accounts period. Accounting records are the starting point for all of this: bank transactions, sales and income records, purchase invoices, expenses, asset purchases, director transactions, share capital details, loans and any payroll or VAT records where relevant all help build an accurate picture of the period.

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.

Straightforward Support With First Year Accounts for Limited Company in Corby

It is common for directors of newly incorporated companies to feel unsure about their first set of statutory accounts — what has to be included, which reporting framework applies, what records are needed and what actually has to go to Companies House. Micro Entity Accounts provides professional first-year accounts preparation and filing support for eligible UK limited companies, working from the accounting records you hold to prepare accounts that reflect the company’s position for its first accounting period, and explaining the separate Corporation Tax position where applicable. Whether your company has been trading since incorporation or has had limited activity so far, we can help you understand the requirements and prepare the information needed. Clear pricing, fixed-fee support and no hidden costs mean you know where you stand before work begins, and directors in Corby who want their first accounts handled properly have a straightforward route to professional help.

─── 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 company's first set of annual statutory accounts, covering its initial accounting period from incorporation through to its first accounting reference date. They typically include a balance sheet, and a profit and loss account where the applicable framework requires one, along with any notes and disclosures needed. These accounts are the statutory accounts delivered to Companies House where required, and they are separate from anything submitted to HMRC.

When are a company's first accounts due?

The due date depends on the company's incorporation date and accounting reference date, and Companies House applies specific rules to a first set of accounts that can make the first period slightly different from later years. Because those dates vary from company to company, there is no single deadline that applies to every new limited company. We look at your company's own dates and set out when its first accounts need to be filed.

What information is needed to prepare first year accounts in Corby?

It depends on what the company has done during the period. Commonly useful records include bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, director loan movements, share capital information and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records are relevant too. If activity has been limited, we work with whatever records exist and explain what else may be needed.

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

In most cases a limited company has statutory filing obligations that begin with its first accounting period, even where trading has been limited. Statutory accounts are generally delivered to Companies House where required. Filing accounts does not, however, complete the company's Corporation Tax obligations, and it does not replace the confirmation statement.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and filed at Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts are often used as a starting point when working out the company's Corporation Tax position, but the two filings have different purposes, different destinations and their own requirements. Filing one does not automatically complete the other.

Does a company need to file first accounts if it has not traded?

A company does not escape its filing obligations simply because it has not started trading. Whether accounts are required, and what they should contain, depends on the company's circumstances and the applicable rules. It is also worth noting that a company with no significant transactions is not automatically treated as dormant, so the reporting position should be considered properly rather than assumed.

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

Some newly incorporated companies do qualify for the micro-entity framework, but not all of them will. Eligibility depends on meeting the applicable criteria for the relevant accounting period, and a company with modest activity does not automatically fall into that category. Where it does qualify, FRS 105 is the financial reporting standard used, and the accounts can be prepared in a simplified form. We confirm the appropriate framework based on your company's circumstances.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, which can vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If an appeal against a penalty is being considered, eligibility depends on the individual circumstances and the applicable rules.