─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Fordingbridge, Prepared and Filed with Professional Support

Every newly incorporated limited company has to prepare a first set of statutory accounts covering its initial accounting period, and for many directors in Fordingbridge that first filing raises practical questions about dates, records and reporting frameworks. Micro Entity Accounts supports newly incorporated and newly trading companies with First Year Accounts for Limited Company preparation. That includes reviewing your bookkeeping and accounting records, drafting the balance sheet and profit and loss account where applicable, considering whether the company qualifies for a simplified framework, and delivering the accounts to Companies House where required. Corporation Tax is a separate matter, and any CT600 submission to HMRC is handled under different rules and to a different deadline.

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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 How Do They Apply to a New Limited Company in Fordingbridge?

First-year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which begins on the date of incorporation and ends on the company’s first accounting reference date. Companies House sets that accounting reference date when the company is registered, and it is generally linked to the month in which the first anniversary of incorporation falls. Because of this, a company’s first accounting period is often longer than twelve months, and it is not always identical to the period used for Corporation Tax purposes – the first Corporation Tax accounting period can end on a different date. Once the period has ended, the directors are responsible for making sure accounts are prepared and, where required, delivered to Companies House. That filing is a Companies House obligation. It is not the same as submitting a Corporation Tax Return such as a CT600 to HMRC, and it does not replace the company’s confirmation statement, which is a separate annual filing that keeps the public register up to date. Preparing and filing accounts does not complete those other obligations automatically. A newly incorporated company is not automatically a micro-entity. Some companies do meet the eligibility conditions for the micro-entity framework, and qualifying entities may prepare accounts under FRS 105, the financial reporting standard that applies to entities using that framework. Other companies fall within the small company regime or need full accounts. Eligibility depends on factors such as turnover, balance sheet total and employee numbers for the relevant period, so the right framework should be assessed for each company rather than assumed. Our role is to review the position, prepare the accounts on the correct basis and support the company through its first filing.

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.

Accurate First Year Accounts for Limited Company in Fordingbridge, Prepared by People Who Do This Every Day

If this is your company’s first set of accounts, it is understandable to feel unsure about which accounting period applies, which reporting framework fits, and what actually has to go to Companies House. Micro Entity Accounts can prepare your first-year statutory accounts from the records you hold, explain the basis on which they have been prepared, and manage delivery to Companies House where required. We will also set out clearly how that filing sits alongside separate HMRC obligations, including a Corporation Tax Return where one is due. Send over your accounting records and we will tell you exactly what is needed to get the first year done properly.

─── 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 the period from incorporation to its first accounting reference date. They normally include a balance sheet, and a profit and loss account where applicable, together with any notes required by the framework the company reports under. They are prepared for the directors and, where required, delivered to Companies House. First-year accounts are not optional simply because the company is new.

When are a company's first accounts due?

The answer depends on the incorporation date and the accounting reference date that Companies House assigned when the company was registered. The first accounting period is often longer than twelve months, which means the first filing deadline is calculated differently from later years. Because dates differ from company to company, check the company's own Companies House record rather than relying on a general rule, and start preparing the accounts well before the period closes.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period: bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director transactions or loans, and payroll or VAT records where those apply. Not every company will have all of these - a newly incorporated company in Fordingbridge may only have formation costs and director expenses in its first period. We work with whatever records exist and flag anything missing.

Does every new limited company have to file accounts with Companies House?

A limited company generally has to prepare and deliver statutory accounts to Companies House for each financial year, including its first. Filing does not mean Companies House approves or professionally reviews the accounts; it places them on the public register. A separate confirmation statement is also usually required to keep company information up to date, and that is a different filing from the accounts.

Are first-year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts are often used when working out the company's tax position, but the two filings serve different purposes, go to different bodies and do not complete one another. Filing accounts with Companies House does not submit a CT600.

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

It may well do. A company has statutory obligations from incorporation, and having little or no activity does not automatically remove them. Whether the company can be treated as dormant depends on whether it had any significant accounting transactions - a company that has paid formation fees or other costs is not automatically dormant. The correct reporting position should be assessed from the company's actual circumstances.

Can a newly incorporated company use micro-entity accounts and FRS 105?

Some can, but not automatically. The micro-entity framework is available to companies that meet the eligibility conditions for the relevant accounting period, and qualifying entities may prepare accounts under FRS 105, the standard applicable to that framework. Turnover alone does not decide it. We check the company's position and prepare the accounts under the framework that fits, whether that is micro-entity, small company or full accounts.

What happens if first-year accounts are filed late?

Missing the applicable deadline can lead to Companies House consequences, which may include a penalty that increases the longer the accounts remain outstanding. Paying a penalty does not remove the requirement to file, so the priority is to prepare and deliver the outstanding accounts. Whether a penalty can be appealed depends on the circumstances and the applicable rules, and we can talk you through the position if this applies to your company.