─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ealing Common, Prepared With Professional Support

If your company has been incorporated recently in Ealing Common, its first set of statutory accounts is one of the earliest formal obligations you will have to deal with as a director. Micro Entity Accounts works with newly incorporated and newly trading limited companies to prepare those accounts, review the underlying accounting records, and deliver the accounts to Companies House where required. We begin by establishing the correct accounting period using the company’s incorporation date and accounting reference date, then build the balance sheet and, where applicable, the profit and loss account from the records available. Where Corporation Tax also applies, the CT600 and any related submissions to HMRC are treated as a separate exercise, because Companies House filing and HMRC filing serve different purposes even though both draw on similar accounting information.

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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, and When Do They Apply?

A limited company’s first-year accounts are the first set of statutory annual accounts it prepares for its initial accounting period. For a company incorporated in Ealing Common or anywhere else in the UK, that period normally begins on the date of incorporation and ends on the company’s first accounting reference date. Because the first accounting reference date is generally set by reference to the date of incorporation, the first period can be longer than the twelve months that later periods usually cover — although the exact position depends on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements. If the company has changed its accounting reference date, that change can affect the period too. These accounts are not optional. Even a company that has had limited activity, has not yet started trading, or has only a handful of transactions may still have statutory obligations to deal with. How that position is reported depends on the facts and the applicable rules rather than on an assumption that nothing needs to be filed, and a company with no significant transactions is not automatically dormant. What the accounts are prepared from Statutory accounts are built from the company’s accounting records. Depending on the company’s circumstances, those records may include bank statements and bank transactions, sales and income records, purchase invoices and business expenses, asset purchases, share capital information, director transactions or loans, and payroll or VAT records where the company is registered for those. From that information the accounts set out the company’s financial position at the period end, usually through a balance sheet and, where applicable, a profit and loss account, together with the notes and directors’ statements required by the reporting framework the company uses. Which reporting framework applies Some newly incorporated companies meet the eligibility conditions for the micro-entity regime and can therefore prepare simpler accounts under FRS 105, the financial reporting standard applicable to qualifying micro-entities. Others fall within the small-company framework, and some will need to report under a fuller framework. Eligibility is assessed against the applicable requirements for the relevant accounting period and is not automatic: a company with modest turnover does not necessarily qualify, and qualifying for one period does not guarantee qualification for the next. FRS 105 is not a default that applies to every new limited company — it applies where the company qualifies as a micro-entity. How filing fits in Once the accounts have been prepared and approved by the directors, they are delivered to Companies House where required. Companies House receives and registers the accounts; it does not prepare them, and it does not approve their content. Filing statutory accounts is also not the same as submitting a Corporation Tax Return. A limited company may separately have Corporation Tax obligations, and any CT600 is submitted to HMRC. The company’s first Corporation Tax accounting period and its statutory accounts period do not necessarily run to the same dates. A confirmation statement is a further, separate filing that keeps the company’s registered information up to date. Delivering first-year accounts does not complete any of those other obligations. Directors remain responsible Preparing and filing the company’s first statutory accounts is ultimately a director’s responsibility. Engaging an accountant assists with preparing, reviewing and filing the required information, but it does not transfer the legal duties that come with running a limited company.

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 Ealing Common Prepared and Filed Correctly

There is rarely a shortage of questions when a company files its first set of accounts: which reporting framework applies, what the accounting period actually covers, which records need to be tidied up, and what has to go to Companies House. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Ealing Common to prepare accurate first-year accounts, review the accounting records behind them, and support the filing process where required. Whether your accounts are still outstanding or you would rather have them prepared properly from the outset, talk to us and we will set out clearly what is needed for your company’s circumstances, with transparent fees and no hidden costs.

─── 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. That period generally runs from the date of incorporation to the company's first accounting reference date. The accounts summarise the company's financial position at the period end, are prepared from its accounting records, and are delivered to Companies House where required.

When are first accounts due?

It depends on the company's incorporation date and its accounting reference date, which is why no single date applies to every company. Companies House bases the filing deadline on the end of the first accounting period, and the first period itself can run for longer than twelve months. The most reliable approach is to check the company's own record at Companies House rather than rely on a general rule of thumb, and we can confirm the position for your company while preparing the accounts.

What information is needed to prepare first-year accounts?

Usually bank statements and bank transactions, records of sales or income, purchase invoices and expense records, details of any assets purchased during the period, share capital information, and details of any loans or transactions involving directors. Where the company runs payroll or is VAT registered, those records are useful as well. If there has been very little activity, we work with whatever records exist to establish the correct reporting position.

Does a newly incorporated company have to file accounts with Companies House even if it has not started trading?

In most cases a company still needs to deal with its statutory accounts position even where trading has not begun. Whether accounts are filed, and what they should contain, depends on the company's circumstances and the applicable requirements. A company with no significant transactions is not automatically treated as dormant — dormancy is a separate position with its own conditions. Directors in Ealing Common and elsewhere should check rather than assume nothing is due.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and it is a separate filing with a separate purpose and destination. Figures from the accounts often inform the Corporation Tax position, but submitting one does not complete the other.

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

Some can, but not all. Micro-entity eligibility depends on meeting the applicable conditions for the relevant accounting period and is assessed on the company's own circumstances. Where a company does qualify, accounts can be prepared under FRS 105, the financial reporting standard for qualifying micro-entities. If it does not qualify, a small-company or fuller reporting framework may apply instead.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate annual filing that confirms the company's registered information, such as its officers, shareholders and registered office, and it is not a set of accounts. Delivering first-year accounts does not remove the need to keep the confirmation statement and the rest of the company's Companies House record up to date.

What happens if first-year accounts are filed late?

Where required accounts are filed after the applicable deadline, Companies House can impose consequences, and the position may vary depending on the circumstances and the length of the delay. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, professional help can be useful in getting the position resolved, although the outcome depends on the facts and the applicable rules.