─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Leamington Spa, Prepared and Filed With Professional Support

When a company has just been incorporated, almost everything about its first set of statutory accounts is unfamiliar: which dates the period covers, what has to go into the accounts, and what actually needs to be delivered to Companies House. Micro Entity Accounts prepares First Year Accounts for Limited Company directors in Leamington Spa using the company’s own accounting records, reviews the figures with you before anything is finalised, and supports the filing with Companies House where required. If the company also has Corporation Tax obligations, the CT600 is handled separately, because it is a different filing, prepared for a different purpose and submitted to HMRC rather than Companies House. Clear pricing, plain-English explanations and no jargon.

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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, and When Does the Micro-Entity Framework Apply to a New Limited Company?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period generally starts on the date of incorporation, although the date the company began trading can also be relevant, and it ends on the company’s first accounting reference date. Companies House records a default accounting reference date at incorporation, and a first reporting period is commonly longer than twelve months, but the exact dates differ from company to company. Directors can sometimes shorten or amend the period, and the reliable source of truth is always the company’s own Companies House record rather than an assumption. The accounts themselves usually comprise a balance sheet and, depending on the accounting framework that applies and the company’s circumstances, a profit and loss account together with supporting notes. Directors remain responsible for the accuracy of the information in the accounts and for making sure the company meets its statutory obligations. Some newly incorporated companies are eligible to prepare accounts under the micro-entity framework, which is the simplified regime set out in FRS 105. Eligibility is not automatic and depends on meeting the applicable conditions for the accounting period in question; the small-company regime may suit other companies better. Working out which framework fits should happen before the accounts are drafted, not after, and it is a question worth settling early for directors in Leamington Spa and elsewhere who are filing for the first time. It is just as important to understand what first-year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC on its own timetable, and separate from the confirmation statement, which updates Companies House on the company’s officers, shareholders and registered details. Delivering the accounts to Companies House does not, by itself, complete any of those other obligations.

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.

First Year Accounts for Limited Company in Leamington Spa, Prepared Correctly the First Time

The difficulty with a first set of accounts is rarely the arithmetic. It is the uncertainty: which dates the period covers, which reporting framework applies, what supporting records are needed, and what actually has to be filed with Companies House as opposed to HMRC. Micro Entity Accounts works with directors of newly incorporated businesses around Leamington Spa to remove that uncertainty, from collating the accounting records through to preparing the first-year statutory accounts and supporting the filing with Companies House where required. Corporation Tax, including the CT600 where it applies, is treated as the separate matter it is. If your first accounting period is approaching and you would rather have the accounts prepared and reviewed properly than work it out alone, get in touch and we can take it from there.

─── 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 annual accounts a company prepares covering its initial accounting period, from incorporation or the start of trading through to its first accounting reference date. They normally include a balance sheet and, where the applicable framework requires it, a profit and loss account and notes. They are the company's first formal reporting of its financial position to Companies House, and they are not the same as a Corporation Tax Return, a confirmation statement or a VAT Return.

When are first year accounts due?

It depends on the company's incorporation date, its accounting reference date and the length of its first accounting period, so there is no single answer that applies to every new company. Companies House records a default accounting reference date when a company is incorporated, and the first period is often longer than twelve months. Directors can sometimes shorten or amend that period. The safest approach is to check the dates held on the company's own Companies House record and work back from there when planning the accounts.

What information do I need to provide to prepare first year accounts?

It varies with the company's activity, but typically the preparation draws on bank statements and transactions, sales or income records, purchase invoices and business expenses, details of any assets bought, director transactions or loans, share capital information, and payroll or VAT records where those apply. If the company has had very little activity, the records needed may be much simpler. Sending what exists early usually makes the process smoother than gathering everything at the last minute.

Does a newly incorporated company have to file accounts with Companies House even if it has not traded?

A company can still have filing obligations even where there has been limited or no trading activity, so a newly incorporated company should not assume that nothing needs to be filed. Whether a company is genuinely dormant for reporting purposes depends on its particular circumstances and the applicable rules, and the position is not automatic simply because a bank account has seen little movement. Directors in Leamington Spa who are unsure of their status should confirm it before deciding that no accounts are due.

Are first year accounts the same as a Corporation Tax Return or 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 two are prepared for different purposes and go to different destinations, and one does not complete the other. The figures from the accounts often feed into the tax position, and a 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 under FRS 105?

Some new companies do meet the eligibility conditions for the micro-entity framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. It is not automatic, and being newly incorporated or having low turnover does not by itself confirm eligibility. The criteria for the relevant accounting period need to be considered, and the small-company regime may be the better fit in some cases. The right framework should be decided on the company's own circumstances.

Do first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms Companies House holds correct information about the company's officers, shareholders, share capital and registered office. Filing first-year accounts does not satisfy that requirement, and submitting a confirmation statement does not satisfy the accounts filing requirement. Both can apply to a company, and the dates involved are not the same.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not necessarily identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. Where a late filing was caused by circumstances beyond the directors' control, an appeal may be possible, but eligibility depends on the reasons and the applicable rules rather than on the fact that an accountant is involved.