─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in St Annes-on-Sea — Professional Preparation and Filing Support

If you have recently incorporated a company and the end of your first accounting period is approaching, the statutory accounts — commonly referred to as first year accounts — need to be prepared from the company’s records and delivered to Companies House where required. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in St Annes-on-Sea to make that process manageable: we review the accounting records you hold, prepare the statutory accounts for the first accounting period, discuss the reporting framework that fits the company, and help with filing at Companies House. Where Corporation Tax applies, that is a separate matter handled with HMRC, usually through a CT600, and we can support that side of the compliance picture too. You get clear pricing, plain-English explanations and no jargon-heavy surprises.

🔥 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 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 Every New Company Qualify?

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 runs from the date of incorporation to the company’s first accounting reference date — the date Companies House uses to determine when accounts are due each year. The first accounting period is often longer than twelve months, which is why the first set of accounts can look different from later years, and why the first filing date is usually later than the deadlines that apply afterwards. Companies House confirms the exact date for each company, and it depends on the incorporation date and the accounting reference date rather than on a single fixed rule. Statutory accounts are usually filed with Companies House where required. They are not prepared or approved by Companies House, and delivery to Companies House is simply the filing step. Alongside the accounts, the company still has other separate obligations: a confirmation statement keeping the public register up to date, Corporation Tax returns such as the CT600 submitted to HMRC where the company is within the charge to Corporation Tax, and VAT returns or payroll submissions where those apply to the business. Some smaller companies are eligible to prepare accounts using the micro-entity framework, which is set out in FRS 105, the financial reporting standard for qualifying entities using that framework. Micro-entity accounts are shorter and typically include a simplified balance sheet and limited notes. Eligibility depends on the company meeting the applicable criteria for the relevant accounting period — it is not automatic for every new limited company, and a company with low activity does not necessarily qualify. Where the micro-entity framework is not available, small-company or full reporting requirements may apply instead, and the right framework should be confirmed before preparation begins. The content of the accounts is drawn from the company’s own accounting records. Depending on how the company has operated, that might include bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, director loan movements, share capital details and any payroll or VAT records that exist. Directors remain responsible for keeping adequate records and for ensuring the company meets its filing obligations, even when an accountant is engaged to prepare and submit the accounts. If the company has had little or no activity since incorporation, it may still have a filing requirement — and whether it can be treated as dormant depends on its particular circumstances and the applicable rules, not simply on the absence of sales.

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 St Annes-on-Sea Prepared Carefully and Filed on Time

Most directors approaching their first accounts deadline have the same questions: which figures belong in the accounts, which reporting framework applies, and what actually needs to go to Companies House versus HMRC. Sorting that out without guidance can lead to guesswork, and guesswork is expensive when a filing is already overdue. Micro Entity Accounts supports newly incorporated limited companies in St Annes-on-Sea with first year accounts preparation, a review of the records you have, help identifying what is missing, and filing support where required — while keeping Corporation Tax, confirmation statements and VAT clearly separate from the accounts process. If you would rather hand the first set of statutory accounts to someone who deals with them regularly, get in touch and we will explain what is needed and how the work is handled.

─── 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 after incorporation. They cover the company's initial accounting period, which usually starts on the date of incorporation and ends on the company's first accounting reference date. The accounts normally include a balance sheet and, depending on the reporting framework and the company's circumstances, a profit and loss account and supporting notes. They are prepared from the company's own accounting records and are generally filed with Companies House where required.

When are first-year accounts due?

There is no single deadline that applies to every company. The due date depends on the incorporation date, the accounting reference date set for the company and the applicable Companies House requirements. The first filing period is often longer than the periods that apply in later years, which is why directors are sometimes surprised by how early the second set of accounts is due. Companies House confirms the date for each company, and it is worth checking it early rather than assuming it mirrors the pattern of later years.

What information is needed to prepare first-year accounts for a new company?

It depends on what the company has done since incorporation. Typical items include bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements and any payroll or VAT records where those apply. If the company has had limited activity, the records needed will be correspondingly smaller. Providing complete records at the start generally reduces the number of follow-up questions during preparation.

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

In most cases a newly incorporated company does have statutory accounts filing obligations, even if trading has been limited or has not yet started. Whether a company can be treated as dormant, or has an exempt position, depends on its specific circumstances and the applicable rules rather than on the absence of turnover. Directors in St Annes-on-Sea should not assume that a quiet first period removes the requirement to deal with the first set of accounts.

Are first-year accounts the same as a CT600?

No. The accounts are prepared and generally filed with Companies House, while a CT600 is a Corporation Tax Return submitted to HMRC where the company is within the charge to Corporation Tax. The two have different purposes and different destinations, and one does not complete the other. The figures in the accounts are often used when working out the company's Corporation Tax position, but the filings are separate. It is also possible for the company's first Corporation Tax accounting period to differ from the statutory accounts period.

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

Some newly incorporated companies do qualify, but not all of them. The micro-entity framework, supported by FRS 105, is available only where the company meets the applicable eligibility criteria for the relevant accounting period. Low activity alone does not guarantee eligibility, and a company that cannot use the micro-entity framework may instead prepare accounts under the small-company or full reporting requirements. The framework should be confirmed before preparation starts, because it affects the format and content of the accounts.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that keeps the information on the public register up to date, and accounts filed with Companies House do not satisfy that obligation. A company may need to submit a confirmation statement as well as its first statutory accounts. Similarly, filing accounts does not complete Corporation Tax, VAT or payroll obligations. Each of these sits in its own part of the compliance calendar.

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 the position can become more serious the longer a filing remains outstanding. The outcome is not identical in every case, and late filing penalties are subject to the applicable rules and circumstances. Paying any penalty does not remove the requirement to file the outstanding accounts. If a deadline has been missed or is at risk, professional support can help establish the position and get the accounts prepared and delivered.