─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ferndown — Expert Preparation and Filing Support

Incorporating a limited company brings statutory deadlines that are easy to miss when your attention is on getting the business moving. Your first set of statutory accounts covers the period from incorporation to the company’s first accounting reference date, and it has to be prepared under the correct reporting framework and delivered to Companies House where required. Micro Entity Accounts supports directors of newly incorporated and newly trading companies in Ferndown through that process: we review your accounting records, prepare the balance sheet and profit and loss account where applicable, and manage the Companies House filing. If your company also has Corporation Tax obligations, we can help with the information needed for a CT600 — a separate return submitted to HMRC, not to Companies House.

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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? A Guide for Ferndown Limited Companies

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 normally starts on the date of incorporation and runs to the company’s first accounting reference date. That opening period is not always a straightforward twelve months — depending on the incorporation date and the accounting reference date assigned to the company, it can be longer or shorter — which is one reason first-year accounts often need more planning than later years. Every limited company has statutory accounts obligations, and those obligations are not switched off by a quiet start. A company that has not yet begun trading, or has only limited activity, may still need to prepare and file accounts for its first period, although what those accounts contain and how they are presented depends on the company’s individual circumstances and the applicable rules. Treating a company as dormant simply because there has been little or no activity is a common and avoidable mistake. Some newly incorporated companies qualify to report under the micro-entity framework, a simplified basis of accounting. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is assessed against the applicable criteria for the relevant accounting period, so it is not automatic: a small company with modest turnover does not necessarily qualify, and a newly formed company does not fall into the micro-entity category by default. Where the criteria are not met, small-company or other reporting requirements may apply instead. It is equally important to be clear about what first-year accounts are not. Statutory accounts are delivered to Companies House where required, and Companies House does not approve or professionally verify their content — its role is to receive them into the public record. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and a company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is a further, distinct filing, and filing first-year accounts does not replace it. Completing one obligation does not complete the others. For directors in Ferndown, the practical work usually begins with the accounting records: bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions or loans, share capital details, and payroll or VAT records where those apply. Once the records are complete, the accounts can be prepared, reviewed and filed.

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 Ferndown Prepared Accurately

The first set of accounts tends to raise more questions than any filing that follows: which reporting framework applies, what the accounting period actually covers, and exactly what Companies House expects to receive. If you are unsure, professional support removes the guesswork. Micro Entity Accounts works with directors of newly incorporated limited companies to review the accounting records, prepare the statutory accounts in the correct format and manage the Companies House filing where required, while keeping Corporation Tax and other compliance matters clearly separated. Whether you are already trading, preparing to start, or simply want to understand your first filing obligations, sorting it out at the outset is far easier than correcting it later.

─── 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 prepared for a company's initial accounting period, which begins on the date of incorporation and runs to the company's first accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, together with any notes required by the reporting framework the company uses. The figures come from the company's accounting records, and the accounts are delivered to Companies House where required.

Do newly incorporated companies have to file first-year accounts with Companies House, even if they have not traded?

A limited company is generally required to prepare and file annual accounts with Companies House, including for its first period, unless a specific exemption applies to its circumstances. That obligation is separate from whether the company has begun trading. It is also separate from submitting a Corporation Tax Return to HMRC and from filing a confirmation statement. If your company has been quiet since incorporation, it is worth confirming what applies rather than assuming there is nothing to file.

When are first-year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the length of the first accounting period, so it differs from company to company. Companies House sets the filing deadline based on those dates. Because the first period can run for longer than twelve months, it is worth checking your own position rather than assuming the deadline falls a year after incorporation. We can confirm the relevant dates for directors of limited companies in Ferndown and elsewhere in the UK.

What information is needed to prepare first-year accounts?

Typically bank statements and transaction records, sales and income details, purchase invoices and expense receipts, details of asset purchases, information about director transactions or loans, share capital details, and payroll or VAT records where those apply. Where activity has been minimal, the records will be lighter, but a clear picture of what has happened since incorporation is still needed. The exact list depends on what the company has actually done.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed with 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 tax return, but filing one does not file the other, and a company's first Corporation Tax accounting period does not always match its statutory accounts period.

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

Some newly incorporated companies do qualify, but it is not automatic. Micro-entity eligibility depends on meeting the applicable criteria for the relevant accounting period, and turnover on its own is not the whole test. Where a company qualifies, FRS 105 is the financial reporting standard used under that framework. If it does not qualify, small-company or other reporting requirements may apply. We can review your position and confirm which framework is appropriate for your company.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate annual filing that confirms the company's registered information is correct, and filing accounts does not replace it. Many companies need to keep both up to date. In the same way, filing first-year accounts does not settle any VAT, payroll or Corporation Tax obligations the company may have.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties and further action while the accounts remain outstanding. The outcome is not identical in every case, and paying a penalty does not remove the requirement to file the overdue accounts. If your filing is already late, the priority is normally to prepare and file as soon as possible. Whether an appeal is possible depends on the circumstances and the applicable rules, and we can help you understand the options.