─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Feltham, Prepared and Filed Correctly

The first set of statutory accounts is a milestone for any newly incorporated company, and getting it right matters more than directors often expect. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Feltham to prepare their first-year accounts: reviewing the accounting records you hold, drafting the balance sheet and the profit and loss account where applicable, and delivering the accounts to Companies House where required. Where a company also has Corporation Tax responsibilities, that is a separate matter — a CT600 is submitted to HMRC, not to Companies House, and the accounting information used to prepare it is drawn from the same underlying records but serves a different purpose. We help directors in Feltham work out which reporting framework fits their circumstances, what information is still outstanding and how the first filing obligations fit together.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Does the Micro-Entity Framework Apply?

First-year accounts are the first set of statutory accounts a limited company produces after incorporation. They cover the company’s initial accounting period, which generally starts on the date of incorporation and ends on the company’s first accounting reference date, although the first period set for a company is not identical in every case. When that period closes, the directors are responsible for making sure the accounts are prepared and delivered to Companies House where required. The accounts normally include a balance sheet, and a profit and loss account where applicable, together with the disclosures required by the framework the company reports under. Because there is no prior year to compare against, the first set of accounts often needs more groundwork than later years — the opening position, share capital, director transactions, asset purchases and any loans or finance all have to be reflected accurately. That is why keeping clear accounting records from the start makes the preparation process considerably smoother. Some companies qualify for simplified reporting as micro-entities. Where a company meets the applicable eligibility conditions for the relevant accounting period, the micro-entity framework can be used, and FRS 105 is the financial reporting standard that applies to qualifying entities reporting under that framework. Eligibility is assessed on the company’s own circumstances and the requirements for the period concerned, so a newly incorporated company is not automatically a micro-entity and FRS 105 does not apply to every new company by default. It is equally important to be clear about what first-year accounts are not. They are not a Corporation Tax Return. A limited company may also have Corporation Tax obligations, and a CT600 is submitted separately to HMRC. The company’s first Corporation Tax accounting period and its statutory accounts period are not necessarily identical. First-year accounts are also not a confirmation statement, which is a separate Companies House filing that updates the company’s registered information, and they are not a VAT Return. Different filings go to different places for different reasons, and completing 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.

Have Your First Year Accounts Prepared by a Team That Works With New Companies Every Day

Most directors of newly incorporated companies in Feltham can put together the trading records, but the uncertainty tends to sit elsewhere: which figures belong in the balance sheet, how the micro-entity framework differs from small-company reporting, what Companies House actually expects from a first set of accounts, and where the line falls between that filing and a CT600 to HMRC. Micro Entity Accounts can take that work off your desk — reviewing your accounting records, preparing the statutory accounts, and supporting you through the Companies House filing where it is required, with clear pricing and no hidden costs. If your first accounting period has closed, or is approaching, it is worth getting the accounts under way rather than leaving the details to the last moment.

─── 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 a company prepares after incorporation, covering its initial accounting period. That period generally runs from the date of incorporation to the company's first accounting reference date, though the first period set for a company can differ depending on the circumstances. The accounts are prepared from the company's accounting records and include a balance sheet, plus a profit and loss account where applicable, and they are delivered to Companies House where required.

When are first-year accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, along with the applicable Companies House requirements for first accounts. Companies House sets the first accounting period when a company is incorporated, and the filing deadline follows from that date rather than from a fixed rule that applies to every company. Directors in Feltham should check the specific dates recorded for their own company, and it is sensible to start preparing well before the period closes so nothing is left to the final weeks.

What information is needed to prepare first-year accounts?

It varies from company to company, but accountants typically ask for bank transactions and statements for the period, sales and income records, business expenses, purchase invoices, details of any assets bought, director transactions including loans and repayments, share capital information, and any finance or loan agreements. Where payroll or VAT records exist, those are useful too. A company with very little activity will need considerably less than one that has been trading, so the information requested should reflect what has actually happened during the period.

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

Where a company is required to file accounts, it must do so whether or not it has started trading, and incorporation alone does not remove that obligation. Filing first-year accounts with Companies House is not the same as submitting a Corporation Tax Return to HMRC — the accounts go to Companies House, while a CT600 goes to HMRC where the company has Corporation Tax obligations, and the two serve different purposes. Neither filing automatically completes the other.

Does a company that has not started trading still need first-year accounts?

A company may still have statutory filing obligations even where activity has been limited or trading has not yet commenced. What the reporting position looks like depends on the company's circumstances and the applicable rules. Having no significant accounting transactions does not automatically mean a company is dormant, and dormant status is a specific position with its own conditions rather than a description of a quiet year. It is worth discussing the actual position before assuming no accounts are needed.

Are first-year accounts the same as a CT600 or a confirmation statement?

No. First-year statutory accounts are the company's annual accounts for its initial period and are delivered to Companies House where required. A CT600 is a Corporation Tax Return 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 separate Companies House filing that keeps the company's registered details up to date. Filing one of these does not replace the others.

Can a new limited company qualify for micro-entity accounts or FRS 105?

Some newly incorporated companies qualify for the micro-entity framework if they meet the eligibility conditions that apply to the relevant accounting period, and FRS 105 is the financial reporting standard used by qualifying entities reporting under it. Qualification is not automatic, and FRS 105 does not apply to every new company. A company with low turnover is not necessarily eligible either, because eligibility depends on more than one factor. The right framework should be confirmed from the company's own circumstances before the accounts are prepared.

What happens if first-year accounts are filed late?

Filing required accounts after the applicable deadline can lead to consequences from Companies House, and the outcome is not the same in every case. Paying any penalty does not remove the need to file the outstanding accounts, so the priority is to get the position regularised. Where a director in Feltham believes there was a valid reason for the delay, whether an appeal is available depends on the circumstances and the applicable rules. Professional support can help you understand the position and get the accounts prepared and filed.