─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Leyland — Prepared Properly and Filed Where Required

If you have incorporated a company recently, its first set of statutory accounts will come around sooner than most directors expect. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Leyland with the preparation of those first-year accounts — reviewing the accounting records you hold, turning them into a set of accounts that reflects the company’s position, and filing with Companies House where required. We also help directors understand how the first accounting period and accounting reference date work, which reporting framework may be appropriate, and how the Companies House filing sits alongside separate obligations such as a Corporation Tax Return or CT600 submitted to HMRC. Whether your company has traded throughout the period, started part-way through, or had limited activity, the aim is the same: accounts that are accurate, sensibly presented and submitted on time.

🔥 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, and How Do They Work for a New Limited Company in Leyland?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated it has reporting responsibilities, and the first accounts normally cover the period from the date of incorporation up to the company’s first accounting reference date. That first period can be longer or shorter than twelve months, depending on the incorporation date and the accounting reference date that applies, so two companies incorporated a few weeks apart may not share the same period end or the same filing date. In practice, preparing these accounts involves taking the company’s accounting records — bank transactions, sales and income records, purchase invoices, expenses, asset purchases, share capital details and any director transactions — and using them to produce a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and statements required for the reporting framework being used. The accounts are then delivered to Companies House where required. A company may qualify for the micro-entity framework, and where it does, FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Qualification is not automatic. Eligibility depends on the company’s size and circumstances for the relevant accounting period, and it should be checked rather than assumed — a business with modest turnover does not automatically fall into the micro-entity category, and a newly incorporated company is not automatically a micro-entity either. It is worth being clear about what first-year accounts are not. They are not a Corporation Tax Return. A CT600 is submitted separately to HMRC, and although figures from the accounts often feed into the tax computation, the two filings serve different purposes and go to different places. First-year accounts are also not a confirmation statement, which is a separate Companies House filing that keeps the public register up to date, nor are they a VAT Return. Bookkeeping records are the raw material behind the accounts, not a substitute for them. Filing the accounts with Companies House does not, by itself, settle the company’s Corporation Tax position, confirmation statement or any other compliance obligation.

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 Company's First-Year Accounts Prepared and Filed with Professional Support

The first accounts are often the point where a new director realises how much sits behind a simple filing — which period the accounts should cover, what the figures should be built from, which reporting framework the company can use, and what actually needs to go to Companies House. Micro Entity Accounts works with limited companies and their directors in Leyland to take that uncertainty out of the process, from reviewing your records and preparing the statutory accounts through to filing where required and explaining how the separate Corporation Tax and confirmation statement obligations fit around them. If your first accounting period is approaching and you would rather have the accounts handled accurately from the outset than corrected later, speaking to us early gives you far more room to get the records in order.

─── 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, running from the date of incorporation to the company's 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 for the reporting framework the company uses. They are generally delivered to Companies House where required and are separate from a Corporation Tax Return, a confirmation statement and any VAT Returns.

When are first-year accounts due, and how is the first accounting period worked out?

The first accounting period starts on the date of incorporation and ends on the company's first accounting reference date, which is set when the company is registered. The period can be longer or shorter than twelve months, so the filing deadline is not identical for every new company. Rather than applying a general rule of thumb, it is worth confirming the exact period end and deadline using the company's own incorporation details, which we can do as part of preparing the accounts.

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

It depends on what the company has done during the period. Typically we would ask for bank statements and transaction listings, sales and income records, purchase invoices, receipts for business expenses, details of any assets bought or sold, share capital information, any director's loan movements, and payroll or VAT records where those apply. If the company has had little activity, far less will be needed — but the records still need to support the figures shown in the accounts.

Does a newly incorporated limited company have to file accounts with Companies House?

A limited company generally has statutory accounts filing obligations even where activity has been limited or trading has not yet started, so incorporation alone does not remove the requirement. That said, the exact position depends on the company's circumstances and the applicable rules — for example, a company with no significant accounting transactions may be in a different position from one that has been trading. We look at the company's actual situation before confirming what needs to be filed.

Are first-year accounts different from annual accounts?

They are the first in the same series. The main practical difference is the length of the period: the first accounting period often covers more or less than twelve months, while later periods are usually a standard twelve months. The preparation process and the underlying records are broadly similar, but the first set often needs slightly more attention because there is no prior-year comparison and the accounting reference date may still need to be confirmed.

Are first-year accounts the same as a CT600 or a confirmation statement?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a further, separate Companies House filing that confirms the register information is correct. Completing one of these does not complete the others.

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

Some newly incorporated companies do qualify, but it is not automatic and it is not based on being new or small in headcount alone. Eligibility is assessed against the applicable criteria for the relevant accounting period, and a company that qualifies may prepare accounts under the micro-entity framework using FRS 105. A company that does not qualify would use a different framework. We check eligibility against the company's own figures before deciding how the accounts should be prepared.

What happens if first-year accounts are filed late?

Filing required accounts after the applicable deadline can lead to Companies House consequences, and those consequences are not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, and the accounts still need to be delivered. If a deadline has already been missed, the priority is to get the position resolved as quickly as possible, and any appeal against a penalty depends on the circumstances and the applicable rules.