─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A company’s first set of statutory accounts is the foundation of its filing history, and getting it right matters more than most directors expect. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Iron Acton to prepare their first-year statutory accounts from accurate accounting records, review the figures with the director, and file the accounts with Companies House where required. We also explain how the first accounting period is set and how it interacts with the company’s wider compliance picture, including the separate Corporation Tax requirements handled through HMRC, such as a CT600 where one applies. If you are unsure what your first accounts need to contain or which reporting framework your company should use, we can work through it with you.

🔥 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

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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? Understanding Your First Statutory Accounts

Every UK limited company has to prepare a first set of statutory accounts covering its initial accounting period. These are usually described as first-year accounts. They are not optional, and the obligation does not depend on how much the company has earned or whether trading has begun. It comes from the company’s status as a limited company, not from its level of activity. The first accounting period normally starts on the date of incorporation and ends on the company’s first accounting reference date. That date is fixed when the company is formed, which can make the first period longer than twelve months. It is possible to change an accounting reference date later, but the rules around doing so are worth checking before any decision is taken, especially where the change would affect when accounts fall due. A set of first-year accounts typically includes a balance sheet and, where the applicable reporting framework requires it, a profit and loss account, together with notes and any statements required for that framework. Company directors remain responsible for making sure the accounts are correct and that proper accounting records have been kept throughout the period, even where an accountant prepares the figures. Some newly incorporated companies qualify for the micro-entity framework and can prepare simpler accounts under FRS 105, the financial reporting standard for qualifying micro-entities. Others do not, because eligibility depends on the company’s own circumstances and the limits that apply for the relevant accounting period. Being small, new or quiet does not automatically make a company a micro-entity, and the correct framework should be confirmed rather than assumed. Once complete, first-year statutory accounts are generally filed with Companies House where required. That is a separate process from the company’s Corporation Tax position, which is dealt with through HMRC. A limited company may need to submit a Corporation Tax Return such as a CT600, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is separate again, and filing the accounts does not replace it. For directors in Iron Acton putting together their first filing, the practical questions are usually what needs preparing, what needs delivering, and when.

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 Iron Acton Prepared Properly

If your company has recently been incorporated and you are not yet certain how the first accounting period works, what records you need to pull together or which reporting framework applies, you are in a familiar position. Many directors only discover after incorporation that accounts, a Corporation Tax Return and a confirmation statement are three separate obligations with different purposes and destinations. Micro Entity Accounts can take the preparation off your desk, work from the records you already hold, prepare statutory accounts that fit your company’s circumstances, and handle the Companies House filing where required. It is a straightforward way to start your company’s filing history on a sound footing, with clear pricing and a proper explanation of what has been prepared 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 statutory accounts a company prepares for its initial accounting period, which begins on the date of incorporation. They show the company's financial position at the end of that period, usually through a balance sheet, along with a profit and loss account where the applicable reporting framework requires one, plus supporting notes and any required directors' statements. They are a statutory document rather than an internal management report, and for most companies they are delivered to Companies House where required.

When do first-year accounts need to be filed?

The date depends on the company's accounting reference date, which is set when the company is incorporated, and on the rules that apply specifically to first accounts. Because an initial period can run for longer than twelve months, the due date is not always worked out in the same way as for later years. Rather than relying on a general rule, it is better to check your company's own accounting reference date and Companies House record, and to begin preparing well before the date arrives.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done during the period. In most cases we ask for bank statements and transaction listings, sales and income records, purchase invoices and receipts, details of any assets purchased, share capital information, director loan account movements, and any loan or finance agreements. Where payroll has been run or the company is VAT registered, the related records are useful as well. A company with very little activity will need to provide far less, but accurate accounting records still matter if the accounts are to be prepared correctly.

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

In most cases, yes. A limited company is required to prepare and file annual accounts with Companies House, and that includes its first set. The obligation applies regardless of how new or how small the company is, although there are limited exceptions and different rules for certain company types. It is worth confirming the position for your own company rather than assuming, which is something we do regularly for directors in Iron Acton.

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

A company with limited or no activity may still have filing obligations, and the position depends on its circumstances rather than on activity alone. A company that has never traded and has no income may be able to file dormant accounts, but dormancy has a specific meaning and not every quiet company meets it. Treating a company as dormant when it is not can lead to incorrect filings, so the position is best reviewed properly as part of preparing the first accounts.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company 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 a different destination. The figures in the accounts often inform the tax return, and the two may cover similar periods, but the first Corporation Tax accounting period and the statutory accounts period do not always align. Completing one does not complete the other.

Can a newly incorporated company qualify for micro-entity accounts?

Some can, but not all. The micro-entity framework, and FRS 105 for qualifying entities, is available where a company meets the eligibility conditions for the accounting period in question. A new company with modest activity may well qualify, but eligibility is assessed against the applicable criteria rather than assumed from turnover alone. We check this as part of preparing the accounts and use the framework that suits the company's circumstances.

Do first-year accounts replace the confirmation statement?

No, they are separate requirements. The confirmation statement is a Companies House filing that confirms the company's registered details, such as its directors, shareholders and share information, are correct. Filing first-year accounts does not satisfy that obligation, and filing a confirmation statement does not satisfy the accounts requirement. Companies need to keep track of both, alongside any Corporation Tax or VAT obligations that apply to them.