─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Once a company is incorporated, its first set of statutory accounts becomes one of the earliest compliance matters the director has to think about. First Year Accounts for Limited Company in Dursley Glos means having those accounts prepared properly, checked against the underlying accounting records, and delivered to Companies House where required. We support newly incorporated and newly trading limited companies in and around Dursley Glos with the whole process: confirming the company’s accounting reference date, identifying what records are needed, preparing the statutory accounts, and explaining what still needs to be dealt with afterwards. Where Corporation Tax applies, it is handled separately through HMRC, usually by way of a CT600, and we can talk you through how the two obligations sit alongside each other.

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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 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      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 .

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? Guidance for Newly Incorporated Limited Companies in Dursley Glos

First-year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period and are generally delivered to Companies House where required. Directors of newly incorporated companies in Dursley Glos often meet these for the first time without any prior experience of the process, which is why the timing and content can feel unclear at the start. The first accounting period normally begins on the date of incorporation and ends on the company’s first accounting reference date. Companies House sets that reference date based on the month in which the company was incorporated, and it can be shortened or extended in certain circumstances, subject to the applicable rules. Because the first period is often longer or shorter than a standard twelve-month year, the figures in the accounts reflect whatever period actually applies to that company. A set of statutory accounts typically includes a balance sheet and, where the reporting framework requires it, a profit and loss account, together with any notes and statements required for that framework. The framework itself depends on the company’s circumstances. A qualifying company may be able to use the micro-entity framework, and FRS 105 is the financial reporting standard applicable to entities that meet the micro-entity criteria for the relevant period. This is not automatic: eligibility has to be assessed against the company’s size and position for that period, and if the criteria are not met, a different framework will apply. Micro-entity accounts are not the only option, and being newly incorporated does not by itself determine which framework fits. It also helps to keep the different filings separate. Statutory accounts are sent to Companies House, whereas a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The company’s first Corporation Tax accounting period and its statutory accounts period do not always begin and end on the same dates. A confirmation statement is a third, separate filing that confirms the company’s details on the public register, and filing accounts does not replace it. Preparing and filing one does not automatically complete the others.

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 Dursley Glos Prepared Correctly From the Start

If your company has recently been incorporated and you are unsure whether your accounting period has closed, which reporting framework applies, or exactly what Companies House expects from you, you are not alone. Micro Entity Accounts helps directors of newly formed and newly trading companies in Dursley Glos make sense of those questions, preparing first-year statutory accounts from properly kept records and supporting the filing process where it is required. We can also flag the separate Corporation Tax position, so you know what HMRC needs and when. Clear pricing and straightforward explanations mean you understand what has been prepared and why before anything is submitted, which is far more useful than discovering a problem after the deadline has passed.

─── 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 accounts your company prepares, covering the initial accounting period from incorporation through to the company's first accounting reference date. They normally include a balance sheet and, depending on the framework used, a profit and loss account and supporting notes. These accounts are usually delivered to Companies House where required, and the figures are often also used when preparing the company's Corporation Tax position for HMRC.

When are first accounts due at Companies House?

It depends on your company's incorporation date and its accounting reference date, because the first filing deadline is calculated differently from later years and generally allows more time than a standard annual filing. We do not apply a one-size-fits-all date. The exact deadline for your company should always be checked against its own Companies House record, and we can confirm it for you when we take on the preparation.

What information do you need to prepare first-year accounts?

Usually the company's incorporation details, accounting reference date and share capital information, together with the accounting records for the period. That may include bank statements and transactions, sales or income records, purchase invoices and expense receipts, asset purchases, director's loan transactions, and payroll or VAT records if those apply to your company. Not every company will have all of these, so the list is tailored to what your business has actually done since incorporation.

Do newly incorporated companies have to file accounts even if they have not traded?

Filing obligations can still apply where a company has had little or no activity, so incorporation alone does not remove the requirement to consider the position. If there have been no significant accounting transactions, a dormant company accounts route may be available, but whether a company meets the dormancy conditions depends on its circumstances and the applicable rules rather than being assumed. Directors in Dursley Glos in this position often find it useful to have the position reviewed before deciding which route to take.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. They serve different purposes and go to different places. The accounting figures may feed into the tax return, but filing one does not complete the other, and the two can also cover slightly different periods.

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

It may do, but qualification is not automatic. The micro-entity framework depends on meeting the applicable eligibility conditions for the relevant accounting period, and a company that does not meet them will report under a different framework instead. FRS 105 is the standard used by entities that qualify for and adopt the micro-entity framework. We confirm eligibility based on your company's actual figures before deciding how the accounts should be prepared.

Do first-year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement confirms the company's registered details, such as directors, registered office and share capital, and it is submitted on its own schedule. Filing first-year accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not deal with the accounts. Both may need attention in the same year.

What happens if first-year accounts are filed late?

Where required accounts are not filed by the applicable deadline, Companies House can apply consequences, and continued non-filing can lead to further action against the company and its directors. Penalty levels and whether an appeal is possible depend on the circumstances and the applicable rules, and paying any penalty does not remove the obligation to file the outstanding accounts. If accounts are already overdue, we can help prepare them and support you through the filing.