─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Langport - Professional Support from Micro Entity Accounts

If you have recently incorporated a company, your first set of statutory accounts needs careful preparation. We provide professional support with First Year Accounts for Limited Company in Langport, from reviewing your accounting records through to preparing the balance sheet and profit and loss account where applicable, and filing with Companies House where required. We can also help you understand how your Companies House accounts filing sits alongside separate HMRC obligations, including a Corporation Tax Return or CT600 where one is due. Whether your new company is trading, preparing to trade or has limited activity so far, we can help you approach your first accounting period with clarity.

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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? A Guide for Limited Companies in Langport

First Year Accounts for Limited Company are the first set of statutory accounts a newly incorporated company prepares for its initial accounting period. They are not optional simply because the company is new. The first accounting period generally begins on the date of incorporation and ends on the company’s first accounting reference date, although Companies House rules can affect the length and filing deadline of that first period. For directors in Langport, the key is to understand what applies to your company rather than assume every new company follows the same timetable. The accounts commonly include a balance sheet, a profit and loss account where applicable, notes to the accounts and a directors’ report where required. Company directors remain responsible for ensuring the company meets its statutory obligations, even when professional support is used to prepare or file the accounts. A company may qualify for the micro-entity accounting framework if it meets the applicable eligibility requirements for the relevant period, in which case FRS 105 may be relevant. Qualification is not automatic, and the right framework depends on the company’s circumstances. First-year statutory accounts are separate from a Corporation Tax Return or CT600, which is submitted to HMRC where applicable, and from a confirmation statement, which is a separate Companies House filing. Filing the accounts with Companies House, where required, does not automatically complete 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.

Professional Preparation for Your First Year Accounts for Limited Company in Langport

If you are unsure what your new company needs to file, you are not alone. Many directors in Langport want clarity on what goes into their first statutory accounts, which records are needed and how the Companies House filing fits with separate HMRC requirements. Micro Entity Accounts can help you prepare and file your First Year Accounts for Limited Company in Langport, review your accounting records and support you in choosing the reporting framework that suits your company’s circumstances. Get in touch to discuss your first accounting period and take the next step with professional support.

─── 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 Limited Company?

They are the first set of annual statutory accounts prepared for a newly incorporated limited company's initial accounting period. Depending on the company's circumstances and applicable framework, they may include a balance sheet, a profit and loss account where applicable, notes and other required disclosures. For directors in Langport, this is usually the first formal accounts filing with Companies House where required, and it is separate from a Corporation Tax Return or CT600 submitted to HMRC.

When are first-year accounts due?

There is no single date that applies to every new company. The due date normally depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. A first accounting period can be longer or shorter than twelve months in some circumstances, so it is important to check the specific filing date shown for your company rather than rely on a general rule. We can help you identify the relevant date and prepare the accounts in good time.

What information is needed to prepare first-year accounts?

We usually need the company's accounting records for the period. Depending on what the company has done, this may include bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information, loans or finance agreements, payroll records where applicable, VAT records where applicable and other supporting documents. Not every new company will have all of these records, and the exact information needed depends on the company's activity and circumstances.

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

A newly incorporated limited company will generally have statutory accounts filing obligations where required, even if it has had limited activity or has not yet started trading. The position depends on the company's circumstances and the applicable rules. A company may be dormant for certain purposes in some circumstances, but that should be determined from the applicable rules rather than assumed. A company should not assume it can ignore its accounts filing obligations simply because it is new or has not traded. Filing statutory accounts with Companies House is also separate from submitting a confirmation statement or a Corporation Tax Return.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable. The company's first Corporation Tax accounting period may not necessarily be the same as its statutory accounts period. Accounting information from the statutory accounts may be used when preparing the company's Corporation Tax position, but the two filings have different purposes, destinations and deadlines. Filing one does not automatically complete the other.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the applicable eligibility requirements for the relevant accounting period. Qualification is not automatic, and it is not based on being new or having low activity alone. Where a company qualifies, FRS 105 is the financial reporting standard applicable to micro-entities. The appropriate framework should be confirmed from the company's circumstances and the rules for the period.

Do first-year accounts replace a confirmation statement?

No. A confirmation statement is a separate filing that helps keep the company's information at Companies House up to date. Filing first-year statutory accounts does not replace the confirmation statement, and submitting a confirmation statement does not replace the accounts. A limited company may still need to file both where applicable, along with any separate HMRC requirements such as a Corporation Tax Return.

What happens if first-year accounts are filed late?

If required accounts are not filed by the applicable deadline, Companies House can take action, and late filing penalties may apply. The consequences can depend on how overdue the accounts are and the company's circumstances, so it is not safe to assume every late filing is treated the same. Paying a penalty does not remove the requirement to file the outstanding accounts. If your company's first-year accounts are overdue, professional support can help you prepare and submit the outstanding information, and any appeal position depends on the applicable rules and circumstances.