─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Radlett — Professional Preparation and Companies House Filing Help

The first set of statutory accounts is one of the earliest compliance milestones a newly incorporated company faces, and it is easy to underestimate. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Radlett with the whole process: confirming the accounting period the accounts need to cover, reviewing the accounting records the company holds, preparing the balance sheet and, where applicable, the profit and loss account, and delivering the finished accounts to Companies House where required. We also explain how the reporting framework is chosen, and how Corporation Tax fits around it — a CT600 is submitted to HMRC and remains a separate obligation from the accounts filed at Companies House. If your company is approaching its first accounting reference date, or you simply want to understand what is due, we can take the preparation off your desk.

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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 Does Your Radlett Limited Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period begins on the date the company is incorporated and normally ends on its first accounting reference date, which is set when the company is registered. The first period is often longer than the twelve months that later periods typically cover, which is why the first set of accounts is treated differently from the ones that follow, including for filing purposes. Preparing and filing them is a statutory duty rather than an optional exercise, and it applies whether or not the company has started trading or generated any income. Once the accounting period is established, the accounts are built from the company’s accounting records. Depending on what the company has actually done, that may include bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, share capital details, director transactions, loans and finance agreements, and payroll or VAT records where those apply. The figures are then presented as a balance sheet, together with a profit and loss account where applicable, along with any notes and disclosures the relevant reporting framework requires, before being delivered to Companies House where required. Some companies may be eligible to prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard that applies to qualifying entities. Eligibility is not automatic. It depends on the company meeting the applicable thresholds and conditions for the relevant accounting period, and no company is treated as a micro-entity simply because it is new or small. The appropriate framework should be assessed against the company’s own circumstances, and some companies will fall within the small company regime instead. It is just as important to be clear about what first year accounts are not. They are not a Corporation Tax Return. A CT600 is submitted to HMRC where the company has Corporation Tax obligations, and it serves a different purpose from statutory accounts, which are delivered to Companies House. The company’s first Corporation Tax accounting period and its statutory accounts period may not be identical. First year accounts are also not a confirmation statement, which is a separate annual filing used to keep the company’s registered details up to date.

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 Radlett Prepared and Filed with Professional Support

Getting the first set of accounts right matters, because it sets the pattern for every year that follows. For directors of newly incorporated companies in Radlett, the uncertainty is rarely about the numbers themselves — it is about knowing which period the accounts should cover, which reporting framework the company can use, and what actually needs to be sent to Companies House. Micro Entity Accounts can assist with reviewing your records, preparing the statutory accounts and filing them with Companies House where required, and with explaining where a separate Corporation Tax Return fits into your wider compliance. If you would like your first year accounts handled by a team that works with new limited companies regularly, send us your company details and we will 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 after incorporation, covering its initial accounting period. That period runs from the incorporation date to the company's first accounting reference date. The accounts are usually made up of a balance sheet and, where applicable, a profit and loss account, plus any notes or disclosures required by the reporting framework the company uses. They are delivered to Companies House where required.

When do first year accounts need to be filed?

The deadline depends on the company's incorporation date and its accounting reference date, so it is not the same for every newly incorporated company. Companies House generally allows more time for a first set of accounts than for accounts in later years, because the first period is often longer than twelve months. Rather than guess, it is worth checking your company's own dates — we can confirm the position for your Radlett company and work to that timescale.

What information is needed to prepare first year accounts?

It depends on what the company has done since incorporation. Typically we would look at bank transactions, sales and income records, purchase invoices and business expenses, asset purchases, share capital details, any director transactions or loans, finance agreements, and payroll or VAT records where those apply. If the company has had very limited activity, the records needed may be much simpler. We will confirm exactly what is relevant once we understand your circumstances.

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

In most cases a limited company still has statutory accounts obligations even where it has had limited activity or has not yet started trading, so incorporation does not remove the requirement to deal with them. Whether the company can file on a simpler basis, and whether it meets the conditions to be treated as dormant, depends on its individual circumstances and the applicable rules. A confirmation statement is a separate filing and does not replace the accounts.

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

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 to HMRC where the company has Corporation Tax obligations. The two filings have different purposes and different destinations, and completing one does not complete the other. Accounting information from the accounts may be used when preparing the Corporation Tax position, and it is also worth noting that the first Corporation Tax accounting period and the statutory accounts period are not always the same.

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

It may do, but not automatically. Micro-entity reporting, under FRS 105, is available to companies that meet the applicable eligibility conditions for the relevant accounting period. Being newly incorporated, or having modest activity, does not by itself mean a company qualifies, and some companies are better suited to the small company regime. The right framework should be determined from the company's own figures and circumstances, and we can advise on that as part of preparing the accounts.

Do first year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement confirms that the information Companies House holds about the company — such as directors, registered office and share capital — is up to date. Filing first year accounts does not satisfy that obligation, and the company may still need to submit a confirmation statement and keep its registered details current.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences can vary depending on how late the filing is and the type of company. Paying any penalty does not remove the requirement to file the outstanding accounts. Where an appeal against a penalty is considered, eligibility depends on the circumstances and the applicable rules, so it is best to take advice before assuming an appeal will s쳮d.