─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Launceston, Prepared and Filed Properly

If your company has recently been incorporated in Launceston, its first set of statutory accounts is one of the earliest compliance tasks you will face. First Year Accounts for Limited Company work covers preparing the balance sheet, and a profit and loss account where applicable, from the accounting records you have kept, then delivering those accounts to Companies House where required. Because a first accounting period rarely follows a neat twelve-month pattern, it is worth having the figures reviewed before anything is filed. Corporation Tax is handled separately: a CT600 is submitted to HMRC, not to Companies House, and the two obligations run on their own timelines. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies with accounts preparation, records review and filing support.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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?

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 usually ends on the company’s first accounting reference date. That period is often longer or shorter than twelve months, and the dates that apply to your company are specific to its incorporation date and accounting reference date rather than being identical across every new company. The accounts typically include a balance sheet, and a profit and loss account where the reporting framework and the company’s circumstances require one, along with any notes needed to support the figures. Directors remain responsible for making sure the accounts are prepared and filed, even where an accountant is engaged to do the work. Once complete, statutory accounts are generally delivered to Companies House where required. Companies House receives and registers the filing; it does not prepare the accounts, and it does not approve them in a professional or regulatory sense. It is important not to confuse first-year accounts with other filings. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate requirement with its own deadline, and a company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is another separate filing and is not replaced by submitting accounts. Where a company has had little or no activity, it still needs to consider its reporting position — that depends on its particular circumstances and the applicable rules rather than automatically making it dormant. Some newly incorporated companies qualify to report under the micro-entity framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. Eligibility depends on the company meeting the relevant criteria for the accounting period in question, so it is worth checking rather than assuming. Where a company does not qualify, a different reporting framework will apply. Directors in Launceston with a newly incorporated company can get help working out which framework fits and how the first accounts should be put together.

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 Launceston Prepared and Filed With Confidence

The first accounting period is the one most company directors have not dealt with before. The dates can be unfamiliar, the records may be incomplete, and it is not always obvious which reporting framework applies or what actually has to go to Companies House. Micro Entity Accounts helps directors of newly incorporated and newly trading limited companies in Launceston work through those questions — reviewing the accounting records, preparing the statutory accounts, and supporting the Companies House filing where required, with clear pricing and no hidden costs. If you would rather not guess your way through your first filing, professional support from the outset is a sensible place to start.

─── 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 company prepares after incorporation. They cover the initial accounting period, which starts on the date of incorporation and normally ends on the company's first accounting reference date. The accounts usually include a balance sheet, and a profit and loss account where the applicable framework and circumstances require one, together with supporting notes. Where required, they are delivered to Companies House. They are not the same thing as a Corporation Tax Return, which is submitted separately to HMRC.

When are first-year accounts due?

There is no single answer that applies to every company. The deadline depends on the company's incorporation date and its accounting reference date, and Companies House generally allows a longer filing period for a company's first accounts than for later years. Rather than relying on a general assumption, it is worth confirming the exact date that applies to your company. We can help directors in Launceston check their own dates and plan the work around them.

What information is needed to prepare first-year accounts?

It depends on what the company has been doing, but it usually includes bank transactions and statements, sales and income records, business expense receipts and purchase invoices, details of any assets purchased, director loan or director transaction information, share capital details, and any loans or finance arrangements. Payroll or VAT records may also be relevant where the company has those obligations. Not every company will have all of these, and the list is tailored once we understand the company's activity.

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

In most cases a limited company will have statutory accounts filing obligations from its first accounting period, even where activity has been limited or trading has not yet begun. Whether a company is required to file accounts, and on what basis, depends on its circumstances and the applicable rules. Not trading does not automatically mean a company can ignore its reporting responsibilities, so it is worth taking advice before assuming nothing is due.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts may well be used when working out the company's Corporation Tax position, but the two filings have different purposes, different destinations and their own deadlines. Completing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify, but it is not automatic and it should not be assumed. Eligibility is assessed against the criteria that apply for the relevant accounting period, so a company needs to be checked rather than categorised by age or by the fact that it has only recently started. FRS 105 is the financial reporting standard used by qualifying entities that report under the micro-entity framework, and the appropriate framework should be confirmed before the accounts are drafted.

Does filing first-year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement is used to confirm that the information Companies House holds about the company — such as directors, shareholders and registered office details — is up to date. Submitting statutory accounts does not satisfy that requirement, and a company may still need to file a confirmation statement when it falls due. Keeping the Companies House record accurate is a distinct task from preparing the annual accounts.

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 a penalty, and the amount generally depends on how late the filing is. Paying any penalty does not remove the obligation to file the outstanding accounts. In some circumstances an appeal may be possible, depending on the reasons and the applicable rules. If you are unsure of your position, it is better to get advice early than to leave it unresolved.