─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Gatwick — Prepared, Reviewed and Filed With Professional Support

Your first set of statutory accounts is one of the earliest compliance milestones after incorporation, and it is easy to underestimate. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Gatwick to prepare first year accounts that reflect the company’s actual position — reviewing the accounting records you hold, identifying what is missing, and building a balance sheet and, where applicable, a profit and loss account for the first accounting period. Once prepared, the statutory accounts can be filed with Companies House where required. Corporation Tax is a separate matter: a CT600 is submitted to HMRC, not to Companies House, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. If you would rather have the first year handled carefully from the outset, we can prepare and file on your behalf.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

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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 Do They Apply to Every New Limited Company?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period — the period that begins on the date of incorporation and ends on the company’s first accounting reference date. They are not optional. Even a company that has been quiet, has not yet started trading or has had very limited activity will normally have a statutory reporting position to consider, and assuming the filing obligation disappears because trading has not begun is a common and avoidable mistake. The length of that first period is not identical for every company. It depends on the incorporation date, the accounting reference date registered at Companies House and any change the company has made to that date, so two companies incorporated in the same month can end up with different first reporting dates. Statutory accounts normally include a balance sheet and, where applicable, a profit and loss account, together with supporting notes and the statements that accompany a Companies House filing. Once prepared, the accounts are delivered to Companies House where required. Some companies may be eligible to prepare accounts under the micro-entity framework using FRS 105, provided they meet the applicable eligibility conditions for the relevant accounting period. Others will fall under the small company regime, and some will need full accounts. Eligibility is a question of the company’s circumstances and the rules for that period, and it should not be assumed in advance. It is also worth being clear about what first year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC. They are separate again from the confirmation statement, which keeps the public register up to date. Completing one does not discharge the others, and the company’s first Corporation Tax period may not be the same as its statutory accounts period.

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 Gatwick, With Filing Support That Keeps You on Track

The uncertainty usually shows up in the same place: a director has incorporated a company in Gatwick, trading may or may not have started, the records are split between a bank feed and a folder of receipts, and nobody is quite sure which reporting framework applies or what actually has to go to Companies House. Micro Entity Accounts can take that on — preparing your statutory accounts from the records you have, flagging gaps before they become a problem, and filing with Companies House where required. We will also be clear about where your Corporation Tax obligations sit separately with HMRC, so the two deadlines are not confused. If your first accounting period is approaching, or you are unsure which rules apply to your company, starting the conversation early makes the whole process considerably easier.

─── 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 the company's initial accounting period, which begins on the incorporation date and runs to the first accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements that accompany a Companies House filing. The directors remain responsible for making sure the accounts are prepared and delivered where required, even when an accountant handles the preparation and filing work.

When are first accounts due?

The due date depends on the company's accounting reference date and on the fact that a first set of accounts can follow a different timescale from later years. A company incorporated partway through a month may also have its first period adjusted, so a single standard window does not apply to every new company. The most reliable approach is to check the specific dates recorded for your company on the Companies House register rather than assuming they match another company's. We can confirm the relevant dates for your company as part of the preparation process.

What information is needed to prepare first year accounts?

Typically the incorporation details and share capital information, bank statements and transaction records covering the period, sales and income records, purchase invoices and expense receipts, details of any assets purchased, director loan movements, and any payroll or VAT records where those apply. Not every company will have all of these — a first period with limited activity may only need a small amount of information. The more complete and organised the records, the more straightforward the preparation tends to be.

Do new limited companies have to file accounts with Companies House?

Yes. Once a company has been incorporated, it has a statutory accounts filing obligation, and the accounts are generally delivered to Companies House where required. This applies regardless of whether the company has started trading or made a profit. Where activity has been limited or nil, the reporting position still needs to be looked at, and it depends on the company's specific circumstances rather than being automatically treated as dormant.

Are first year accounts the same as a CT600?

No. First year accounts are statutory accounts delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. Both may be prepared from the same underlying accounting records, but they serve different purposes, go to different bodies and have their own requirements. Filing one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some newly incorporated companies do qualify for the micro-entity framework and can prepare accounts under FRS 105, but it is not automatic and not every new company falls into it. Eligibility depends on the company meeting the applicable conditions for the relevant accounting period, and a company that does not qualify as a micro-entity may instead come under the small company regime. The appropriate framework should be assessed from the company's figures and circumstances, and we can confirm which one applies to yours.

Do first year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that keeps the company's details on the public register up to date, and it follows its own submission cycle. Delivering first year accounts to Companies House does not satisfy that obligation, and submitting a confirmation statement does not satisfy the accounts filing requirement. Directors of companies in Gatwick should keep both in view rather than treating either one as covering the other.

What happens if first year accounts are filed late?

If accounts that are required are not delivered by the applicable deadline, Companies House can take action, which may include a late filing penalty. The consequences can vary depending on how late the filing is and the company's history, and paying a penalty does not remove the requirement to file the outstanding accounts. Where there is a valid reason for the delay, appeal options may exist, but eligibility depends on the circumstances and the applicable rules. Sorting an overdue filing early is almost always simpler than leaving it to build up.