─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Eye — Professional Preparation and Filing Support

Every UK limited company has to prepare a first set of statutory accounts for its initial accounting period, and that first set often raises more questions than any set that follows. Whether your company was incorporated recently in Eye and is already trading, is preparing to start, or is simply being held while plans take shape, the accounts still need to be prepared on the correct basis and delivered to Companies House where required. Micro Entity Accounts supports directors with preparing first-year statutory accounts from the accounting records they hold, checking that the figures, disclosures and framework fit the company’s circumstances, and handling the Companies House filing side so nothing is overlooked. Where the company also has Corporation Tax obligations, a CT600 is a separate submission made to HMRC, and we can explain how the information in the accounts feeds into that work without treating the two filings as interchangeable.

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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 Who Do They Apply To?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation through to the company’s first accounting reference date, and they are the template on which later years build: the balance sheet, the profit and loss account where applicable, and the accompanying notes are all shaped by decisions taken in that first period. Companies House sets the accounting reference date based on the incorporation date, and the filing deadline for a first set of accounts is calculated from that date rather than following the same pattern as later years, so it is worth confirming the position for your own company rather than assuming a standard window applies. Statutory accounts are generally delivered to Companies House where required, and the company remains responsible for making sure that happens. The phrase “first year accounts for a micro company” comes up often because many newly incorporated companies hope to keep reporting as light as possible, but the micro-entity framework is not automatic. An eligible company may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard that applies to qualifying entities using the micro-entity framework, provided it meets the applicable eligibility requirements for the relevant accounting period. Eligibility depends on the company’s size and circumstances, and some companies fall into the small-company framework instead, while others report under a fuller framework. The right answer for a company in Eye depends on its own figures and activity, not on the fact that it is new. It also helps to separate the filings clearly from the start. First-year statutory accounts are prepared for the company and its shareholders and filed with Companies House; a Corporation Tax Return, such as a CT600, is prepared for HMRC where the company has a Corporation Tax obligation; and a confirmation statement is a separate annual filing that confirms the company’s registered information. Filing one does not complete the others, and the company’s first Corporation Tax accounting period does not always match the period covered by its statutory accounts.

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 Prepared and Filed on the Right Basis

If your company’s first accounting period is drawing to a close and you are unsure what the accounts should include, which reporting framework fits, or how the Companies House filing works, that uncertainty is completely normal for a first-time director. Micro Entity Accounts can prepare your first-year statutory accounts from the records you hold, talk you through the framework that is likely to apply to your company, and manage the filing with Companies House where it is required — with clear pricing and no hidden costs. Bringing in someone who handles new company accounts regularly means gaps in your records get picked up early, the figures are checked before anything is submitted, and you have a straightforward explanation of what has been filed and why.

─── 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 its initial accounting period from incorporation to its first accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, along with the notes required by the reporting framework the company uses. They are separate from a Corporation Tax Return and from a confirmation statement.

When are a company's first accounts due at Companies House?

The due date depends on the company's accounting reference date, which Companies House sets from the incorporation date, and the deadline for a first set of accounts is calculated differently from the deadline for later years. Because the position varies between companies, we confirm the relevant date for your own company when we take on the work rather than applying a general rule.

What information is needed to prepare first-year accounts?

Usually bank statements and transaction records, sales and income details, purchase invoices and expense records, details of any assets bought or sold, share capital information, director loans or other financing, and payroll or VAT records if those apply. If the company has had little activity, the list is shorter, but we still need enough information to confirm the position accurately.

Does a newly incorporated company in Eye have to file accounts if it has not started trading?

A company generally still has statutory filing obligations even where activity has been limited or trading has not yet begun, though what it needs to report depends on its circumstances and the applicable rules. Having no significant transactions does not automatically make a company dormant for filing purposes, so it is worth checking the position rather than assuming no accounts are needed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are the company's annual accounts, delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. The figures from the accounts are often used when preparing the tax return, but the two filings have different purposes, audiences and deadlines, and completing one does not complete the other.

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

Some newly incorporated companies do qualify, but it is not automatic and it is not decided by turnover alone. Eligibility depends on meeting the applicable requirements for the relevant accounting period. If micro-entity reporting does not apply, the small-company framework or a fuller framework may be more appropriate, and we assess this on the company's own figures.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate annual filing that confirms the company's registered details, such as its officers, share information and registered office. Filing first-year accounts does not satisfy the confirmation statement requirement, and keeping Companies House information up to date is a distinct ongoing duty.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, and the outcome depends on how late the filing is and on the company's circumstances. Paying any penalty does not remove the need to file the outstanding accounts, and appealing a penalty depends on the rules and the reasons for the delay being accepted. The practical priority is usually to get the accounts prepared and submitted as soon as the records allow.