─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first set of statutory accounts is one of the earliest compliance milestones after incorporation, and it is often the point where directors in Kings Newton discover how much detail sits behind a relatively short set of figures. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies with First Year Accounts for Limited Company work — reviewing the accounting records you hold, preparing the balance sheet and profit and loss account where applicable, considering the reporting framework that fits your circumstances, and filing the accounts with Companies House where required. Where the company also has Corporation Tax obligations, we can help you understand how those sit alongside the accounts, while keeping the distinction clear: a Corporation Tax Return such as a CT600 is submitted separately to HMRC and is a different filing from the statutory accounts delivered 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, and When Do They Apply?

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, or from the date the company began its first accounting period, up to its first accounting reference date. Even a company that has traded very little, or has not yet started trading at all, will normally still have accounts obligations to consider, so first-year accounts are not optional simply because the company is new. The length of that first accounting period is not identical for every company. It generally depends on the incorporation date, the accounting reference date set for the company, and any change made to that date. That is why directors comparing notes with other businesses sometimes find their first filing falls at a different point in the calendar. The deadline for filing a first set of accounts also follows different rules from later years, so it is worth confirming the position for your own company rather than assuming a standard date applies. As part of this, some companies may be eligible to use the micro-entity accounting framework, and FRS 105 is the financial reporting standard applicable to qualifying entities reporting under it. Eligibility depends on whether the company meets the applicable thresholds and requirements for the relevant accounting period, and it should be assessed rather than assumed. A newly incorporated company is not automatically a micro-entity, and a low level of activity does not by itself confirm eligibility. Where a company does not qualify, another framework such as the small company regime may apply instead. The accounts themselves are normally delivered to Companies House where required. Preparing and filing them does not complete the company’s other compliance responsibilities. A Corporation Tax Return such as a CT600 is prepared and submitted to HMRC separately where applicable, and the company’s first Corporation Tax accounting period may not necessarily match its statutory accounts period. A confirmation statement is also a separate filing, used to confirm the company’s registered details, and it is not replaced by submitting the accounts. Directors in Kings Newton remain responsible for making sure these obligations are met, even where an accountant prepares the paperwork on the company’s behalf.

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 Kings Newton Prepared Properly

If your company has recently been incorporated and you are unsure what the first set of statutory accounts needs to include, when it is due, or which reporting framework fits, you are not alone — it is one of the most common questions newly appointed directors in Kings Newton raise. Micro Entity Accounts can review your accounting records, prepare the accounts, and handle filing with Companies House where required, while explaining clearly how that differs from a Corporation Tax Return to HMRC and from your confirmation statement. With transparent fees and no hidden costs, you get a straightforward answer about what is needed and when, based on your company’s own incorporation date and accounting reference date. Speak to us before the first filing deadline becomes a distraction.

─── 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 limited company prepares for its initial accounting period — the period beginning when the company was incorporated, or when its first accounting period started, and ending on its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements required by the reporting framework the company uses. Preparing them is part of the company's statutory obligations, not an optional exercise.

When are first-year accounts due to be filed?

The due date depends on the company's incorporation date and accounting reference date, and Companies House applies a different timescale for a company's very first accounts compared with later accounting periods. Because of that, no single date applies to every new company. We can confirm the relevant filing date for your company based on its own records rather than working from a general assumption.

What information is needed to prepare first-year accounts?

In most cases we need the company's bank transactions, sales and income records, business expenses, purchase invoices, details of any assets purchased, share capital information, and records of loans or director transactions. Where the company runs payroll or is registered for VAT, the relevant payroll and VAT records are useful too. If some of that information is incomplete, we can talk through what is missing and how to fill the gaps before the accounts are finalised.

Do newly incorporated companies have to file accounts with Companies House?

Yes, in most cases a limited company must prepare and file statutory accounts with Companies House for its first accounting period where required, even if trading has been limited. Filing accounts is separate from other obligations: it does not submit a Corporation Tax Return to HMRC, and it does not replace the confirmation statement. Directors in Kings Newton remain responsible for ensuring each of those requirements is dealt with.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. Statutory accounts are prepared under an accounting framework and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often feed into the tax return, but the two filings have different purposes, different destinations and their own requirements. It is also possible for a company's first Corporation Tax accounting period to differ from its statutory accounts period.

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

Some companies may qualify to report under the micro-entity framework, and FRS 105 is the standard applicable to qualifying entities using it. Eligibility depends on meeting the applicable requirements for the relevant accounting period — it is not automatic for newly incorporated companies, and low turnover on its own does not confirm eligibility. Where the micro-entity framework is not available, a company may fall within the small company regime instead. We assess this as part of the accounts work.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details with Companies House, and it is not replaced by submitting statutory accounts. A company may need to file both, and keeping the register information accurate matters because the accounts and the confirmation statement are prepared from the same underlying company records. We can flag both obligations while preparing the first-year accounts.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the outcome depends on the circumstances and how late the filing is. Paying any penalty does not remove the need to file the outstanding accounts. If accounts are already overdue, or a filing date has been missed for reasons outside the director's control, it is worth taking advice on what steps are available, as appeal eligibility depends on the specific situation and applicable rules.