─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

Professional First Year Accounts for Limited Company in Southall

Reaching the end of your company’s first accounting period raises questions that are easy to leave until later. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Southall on their first year accounts for limited company reporting: reviewing the accounting records you hold, preparing the statutory accounts, and filing them with Companies House where required. A balance sheet and, where applicable, a profit and loss account sit at the centre of that work, along with the disclosures your chosen reporting framework calls for. Where the company also has Corporation Tax obligations, a CT600 return is a separate submission to HMRC, prepared for a different body on a different basis. We can assist with both, keeping the two clearly separate.

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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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

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 Who Qualifies?

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 normally begins on the date of incorporation and ends on its first accounting reference date. For a first set of accounts that period can be longer than twelve months, and the exact end date depends on the incorporation date and the accounting reference date recorded at Companies House. Filing requirements follow from those dates, so the deadline for a first set of accounts is not automatically the same for every company. The accounts usually include a balance sheet and a profit and loss account where applicable, together with any notes or disclosures the chosen reporting framework requires. Where a company meets the eligibility conditions for the micro-entity framework for the relevant period, it may prepare simpler accounts under FRS 105, the financial reporting standard applicable to qualifying micro-entities. Eligibility is assessed against the company’s own circumstances and should never be assumed simply because a company is new, small or recently incorporated; some companies fall within the small-company framework instead, and others need a fuller basis of preparation. First year accounts are not a Corporation Tax Return. A CT600 is submitted to HMRC where the company has Corporation Tax obligations, and HMRC and Companies House are separate organisations with separate filing requirements. A confirmation statement is separate again, and delivering first year accounts does not satisfy it. Directors in Southall remain responsible for making sure each obligation is met, even when an accountant prepares and files the accounts on the company’s behalf.

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.

Ready for Your First Year Accounts for Limited Company in Southall?

First year accounts are easy to postpone, particularly when you are unsure which figures belong in the accounts, what Companies House actually expects to receive, or whether your company is eligible for the micro-entity framework. Micro Entity Accounts works with directors of newly incorporated companies in Southall to prepare first year accounts accurately from the records you provide, and to complete the Companies House filing where required. We also explain how the statutory accounts sit alongside separate Corporation Tax and confirmation statement obligations, so nothing is overlooked. If your first accounting period is drawing to a close, or the accounts are already due, getting professional support early tends to make the whole process far more manageable.

─── 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, covering its initial accounting period. That period normally runs from the date of incorporation to the company's first accounting reference date, and it may be longer than twelve months. The accounts generally consist of a balance sheet, a profit and loss account where applicable, and any notes required by the reporting framework the company uses. Preparing first year accounts for limited company owners in Southall is something we handle regularly, and the approach is always driven by the company's own figures rather than a standard template.

When do first year accounts need to be filed?

The filing deadline is set by reference to the company's accounting reference date and its incorporation date, so it is not identical for every company. Companies House records the accounts due date for each company, and that is the date to work towards. Because a first accounting period can be longer than a normal twelve-month period, directors are often surprised by the timing. If you are unsure where your company stands, we can confirm the position based on its Companies House record and plan the work around the applicable deadline.

What records do I need to prepare first year accounts?

It depends on what the company has actually done during the period. Typical records include bank statements and transaction listings, sales invoices or income records, purchase invoices and expense receipts, details of any assets bought or sold, director loan movements, share capital information, and any loans or finance agreements. Payroll and VAT records are also relevant where the company is registered for either. You will not need every item on that list — only those that reflect your company's actual activity.

Do we still need to file accounts if the company has not started trading?

Often, yes. Incorporation itself creates statutory filing obligations, and a company may still need to deliver accounts to Companies House even where activity has been minimal. Whether the company is treated as dormant for reporting purposes depends on its circumstances and the applicable rules rather than being assumed. If your company has had no significant accounting transactions since incorporation, it is worth confirming the correct position before the period ends, because the reporting requirement does not simply disappear.

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

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. The two serve different purposes and go to different organisations. Figures from the accounts are often used when preparing the tax position, and a company's first Corporation Tax accounting period may not line up exactly with its statutory accounts period. Filing one does not file the other, so both need to be considered separately where the company has Corporation Tax obligations.

Can a newly incorporated company qualify for micro-entity accounts?

Possibly, but not automatically. The micro-entity framework is available to companies that meet the eligibility conditions for the accounting period in question, and those conditions relate to the company's size and circumstances rather than simply its age. Where a company qualifies, it may prepare accounts under FRS 105, the financial reporting standard applicable to qualifying micro-entities, which permits a simplified format. A company that does not qualify may still fall within the small-company regime, or it may need to prepare accounts under a fuller framework. We assess this for each company before any work begins.

Is a confirmation statement included with the first year accounts?

No — they are separate filings with different purposes. A confirmation statement confirms that the information Companies House holds about the company, such as its registered office, directors and shareholders, remains up to date. First year accounts report the company's financial position for its initial accounting period. Delivering the accounts does not satisfy the confirmation statement requirement, and a confirmation statement does not replace the accounts. Many companies need to deal with both, so it is worth tracking each one separately.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty that increases depending on how overdue the accounts are. Filing the outstanding accounts remains necessary in any case, and paying a penalty does not remove that obligation. Whether a penalty can be appealed depends on the circumstances and the applicable rules, and no appeal outcome can be guaranteed. If your first year accounts are already overdue, the sensible priority is usually to get them prepared and filed as soon as the records allow.