─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Southam, Prepared and Filed With Clear Professional Support

A company’s first set of statutory accounts is a milestone, but it is also a filing obligation. First Year Accounts for Limited Company in Southam means having your opening accounting period reviewed properly, your records organised into accounts that meet the reporting framework applicable to your company, and the finished documents delivered to Companies House where required. We work with newly incorporated and newly trading companies whose directors want the first period handled accurately from the outset, including reconciling bank transactions, reviewing income and expense records, and preparing a balance sheet with a profit and loss account where the framework calls for one. Where the company has Corporation Tax obligations, we can help you see how a CT600 sits alongside the accounts as a separate requirement dealt with by HMRC, so the two are not muddled together.

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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 Does Your Company Qualify for That Framework?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period — the period that begins on incorporation and ends on the company’s first accounting reference date. They are not optional, and they are not something that can be deferred simply because the company started trading late, had limited activity, or has not yet commenced trading at all. A limited company formed in Southam carries the same underlying reporting duty as any other UK limited company, even where the opening period has been quiet. The length of that first period depends on the company’s incorporation date and accounting reference date, which are set when the company is formed. Directors can sometimes change the accounting reference date, but that step affects reporting periods and should be considered carefully rather than treated as an administrative formality. Once the period ends, the accounts are prepared from the company’s own accounting records and delivered to Companies House where required. Companies House registers what is filed; it does not prepare the accounts, and it does not approve them professionally. The information in the accounts has to come from the company’s records. Separately, the company may have a Corporation Tax obligation. This is handled through a Company Tax Return such as a CT600, submitted to HMRC. It is a different filing with a different destination: filing statutory accounts with Companies House does not submit a CT600, and submitting a CT600 does not satisfy the accounts filing requirement. The first Corporation Tax accounting period and the statutory accounts period may not always be identical, so the two need to be reviewed together without being confused. A confirmation statement is a third, separate filing and does not replace the accounts. Where micro-entity accounts are mentioned, the term refers to the simplified reporting framework available to companies that meet the applicable eligibility conditions for the period in question, using the financial reporting standard applicable to those entities, such as FRS 105. Not every newly incorporated company qualifies, and a company is not a micro-entity merely because it is small or new. Eligibility has to be assessed against the relevant criteria, and the appropriate framework should be confirmed before the accounts are prepared.

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 Southam Prepared Correctly the First Time

Many directors incorporate a company and then discover that the first accounting period raises questions they had not expected — which framework applies, what the accounting reference date means for their filing, what records are needed, and how Companies House and HMRC obligations differ. Micro Entity Accounts supports newly incorporated limited companies with professional first-year accounts preparation and filing, including a review of the records the accounts are built from and confirmation of the reporting framework that fits the company’s circumstances. If your company is approaching the end of its first accounting period, or you are unsure whether anything has been filed or is outstanding, it is worth having the position checked before a deadline becomes a problem.

─── 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 limited company prepares for its initial accounting period — the period running from the date of incorporation to the company's first accounting reference date. They typically include a balance sheet and, where the applicable framework requires it, a profit and loss account, together with any notes and statements required by that framework. They are prepared from the company's accounting records and delivered to Companies House where required.

When are first year accounts due at Companies House?

The due date is calculated from the company's incorporation date and accounting reference date, so it is not the same for every company. The first accounts deadline is often set differently from the deadline that applies in later years, and the Companies House record for the company shows the date that applies. It is worth confirming that date early rather than assuming the first year follows the usual pattern, and we can help you check it as part of preparing the accounts.

What information is needed to prepare first year accounts?

It depends on what the company has actually done during the period. Commonly required records include bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director loan or other loan balances, and any payroll or VAT records where those apply. Not every company will have all of these. Where the company has had very little activity, the records needed may be limited — but the reporting position still depends on the company's circumstances and the applicable rules.

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

In most cases, yes — the requirement arises from incorporation itself, not from the level of trading activity. A company that has not started trading, or has had minimal activity, may still have a statutory filing obligation, although what those accounts look like depends on whether the company meets the definition of dormant or is simply inactive. Assuming that nothing needs to be filed is a common and avoidable mistake, so it is worth confirming the position with a professional.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the members and delivered to Companies House where required. A CT600 is a Company Tax Return submitted to HMRC to report the company's Corporation Tax position. They are separate filings with separate destinations, and completing one does not complete the other. The figures in the accounts often inform the Corporation Tax computation, but the two obligations run in parallel and should both be tracked, particularly as the first Corporation Tax accounting period may not exactly match the accounts period.

Can a new company qualify for micro-entity accounts under FRS 105?

Some companies can. Micro-entity status depends on meeting the eligibility conditions set out in the applicable regulations for the accounting period in question, and those conditions relate to matters such as balance sheet size, turnover and employee numbers rather than to how new the company is. A newly incorporated company is not automatically a micro-entity, and FRS 105 does not apply to every company simply because it is small. Eligibility should be assessed before the accounts are prepared.

Do we still need to file a confirmation statement if we have filed first year accounts?

Yes — these are separate filings. A confirmation statement confirms that the information Companies House holds about the company, such as its registered office, directors and shareholders, is correct as at the confirmation date. Filing statutory accounts does not replace it. Directors in Southam should keep the company's Companies House information up to date and ensure the confirmation statement is submitted when it falls due.

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 the outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts — the filing still has to be made. If accounts have already been filed late or are overdue, the practical next step is usually to get the position reviewed and the accounts prepared and submitted as soon as possible, with any appeal considered on the facts and the applicable rules.