─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company Support in South West London

Once a limited company is incorporated, its first accounting period begins — and with it comes the first set of statutory accounts. Micro Entity Accounts works with directors across South West London to make that first filing straightforward: reviewing your accounting records, preparing the balance sheet and profit and loss account where applicable, and supporting delivery of the accounts to Companies House where required. For many newly incorporated companies, the first year is also the first time the separate HMRC side applies, including a Corporation Tax Return such as a CT600, which is submitted independently of the Companies House accounts. Clear pricing, careful preparation and practical guidance for companies that have never filed accounts before.

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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 Why Does a New Limited Company Need Them?

First-year accounts are the first set of statutory annual accounts a limited company prepares, covering its initial accounting period — normally beginning on the date of incorporation and running to its first accounting reference date. They are a statutory requirement rather than an optional exercise, and they generally need to be delivered to Companies House where required, in the format and timescale that applies to the company. The length of that first accounting period depends on the incorporation date and the accounting reference date assigned at Companies House. It is not automatically twelve months for every company, and a first period can differ from later periods in both length and filing requirements. That is one reason it pays to confirm your company’s position early rather than assume the standard pattern fits. The heading refers specifically to micro companies because some — but not all — newly incorporated limited companies meet the eligibility criteria for the micro-entity reporting framework. FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Whether simplified reporting is appropriate depends on the company’s circumstances and the applicable requirements for the relevant accounting period, and it is not something to assume simply because a company is new or has modest activity. Statutory accounts are also distinct from other compliance tasks. A Corporation Tax Return, such as a CT600, is submitted to HMRC and deals with the company’s tax position, while the accounts are filed with Companies House. A confirmation statement is a further separate filing that keeps the company’s public information up to date. Completing one does not complete the others, and a company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A typical set of first-year accounts includes a balance sheet and, where applicable, a profit and loss account, plus the notes and disclosures the chosen framework requires. Directors remain responsible for keeping proper accounting records throughout the period — bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital details and any loans or finance — because those records underpin the figures in the accounts.

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 Prepared Properly in South West London

If your company has only recently been incorporated, the first set of accounts can raise questions that don’t come up again later: which accounting period actually applies, what belongs in the balance sheet, and what genuinely has to be sent to Companies House. Micro Entity Accounts works with directors and newly incorporated companies across South West London to prepare first-year statutory accounts from your records, review the figures with you, and support the filing process where required — while keeping the separate HMRC Corporation Tax position clearly distinct. Incomplete records or uncertainty about which reporting framework fits your company are normal starting points, not obstacles. Speak to us about your first year and get the accounts prepared on a sound footing.

─── 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 prepared for a company's initial accounting period, beginning with incorporation. A typical set includes a balance sheet and, where applicable, a profit and loss account, along with any notes and disclosures required by the framework the company uses. They cover the first period only — later years follow the normal annual cycle, so the first accounts are often the least familiar because there is no previous year to compare against.

When do first accounts need to be filed?

The deadline depends on the company's incorporation date and its accounting reference date, so it is not identical for every company. A first accounting period is often longer than twelve months, which affects both the period the accounts cover and when they fall due. Rather than working from an assumed date, it is worth confirming your company's specific position early so the accounts can be prepared in good time.

What information is needed to prepare first-year accounts?

Usually the company's accounting records: bank statements and transactions, details of any sales or income, business expenses and purchase invoices, asset purchases, director loan or expense transactions, share capital information and any finance agreements. Where payroll or VAT applies, those records are relevant as well. Not every company will have all of these — a company with limited activity simply has fewer records to work from, and the accounts are prepared accordingly.

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

Generally yes, where the company is required to deliver statutory accounts. Filing obligations apply to incorporated companies, and a company does not avoid them simply because trading has not started or activity has been minimal. What a company reports depends on its circumstances and the applicable rules, and a company with no significant accounting transactions may have a different reporting position rather than automatically being treated as dormant.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures from the accounts are often used when preparing the company's Corporation Tax position, but the two submissions have different purposes and different destinations. Filing one does not complete the other, and the first Corporation Tax accounting period may not be identical to the statutory accounts period.

Is a confirmation statement part of the first-year accounts?

No — a confirmation statement is a separate filing that confirms the company's details held at Companies House remain up to date. It does not replace statutory accounts, and filing accounts does not replace a confirmation statement. A newly incorporated company may still need to keep its Companies House information current alongside preparing its first set of accounts.

Can a new company use micro-entity accounts and FRS 105?

Some newly incorporated companies qualify for the micro-entity framework, and FRS 105 is the standard applicable to qualifying entities using it. Qualification depends on meeting the eligibility criteria for the relevant accounting period, not simply on being newly incorporated or having low turnover. The appropriate framework should be confirmed against the company's own circumstances before the accounts are prepared.

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 the same in every case. If accounts are already overdue, the usual priority is to get them prepared and filed without further delay, since paying a penalty does not remove the requirement to file. Professional support can help clarify where things stand, what remains outstanding, and whether any appeal against a penalty is worth pursuing depending on the circumstances.