─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A company’s first set of statutory accounts arrives sooner than most directors expect, and getting the figures and the framework right from the outset saves complications later. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Sunningdale on their First Year Accounts for Limited Company requirements: reviewing the accounting records you hold, preparing the statutory accounts, drafting the balance sheet and, where applicable, the profit and loss account, and delivering those accounts to Companies House where required. Corporation Tax is handled separately — a CT600 is submitted to HMRC where a company has a Corporation Tax obligation, and filing accounts with Companies House does not do that on your behalf. We keep the two clearly apart so that each obligation is dealt with on its own terms.

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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 How Do They Fit a New Limited Company's Obligations?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period generally runs from incorporation to the company’s first accounting reference date, although the exact length varies: a first period is often not a standard twelve months, and changing the accounting reference date can alter it further. Because the period depends on the incorporation date and the accounting reference date on the Companies House record, no two newly incorporated companies necessarily share the same first period or filing date. Directors in Sunningdale should treat the dates on their own company record as the starting point rather than a general assumption. Preparing accounts is not optional simply because a company is new. A limited company is expected to keep adequate accounting records and to prepare accounts for its accounting period, and that expectation remains even where activity has been limited. Where a company has had no significant accounting transactions, the correct reporting position depends on its individual circumstances and the applicable rules — it does not automatically follow that the company is dormant, because dormant status has its own meaning and criteria. Some newly incorporated companies may be eligible to prepare accounts under the micro-entity framework, and FRS 105 is the reporting standard that applies to qualifying entities using that framework. Eligibility is not automatic. It depends on whether the company meets the applicable criteria for the relevant accounting period, and the small-company or full framework may be more appropriate in other cases. That assessment should be made from the company’s actual position. Once prepared, first year accounts are generally delivered to Companies House where required. This is a distinct exercise from a Corporation Tax Return: a CT600 is submitted to HMRC where the company has a Corporation Tax obligation, and the two filings have different purposes and different destinations. The company’s first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts, which is one reason the two are prepared separately. A confirmation statement is separate again — it confirms the company’s registered details and is not replaced by filing accounts. Directors remain responsible for ensuring each of these obligations is met, even when an accountant is engaged to prepare, review and file the information.

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 Sunningdale Prepared Properly

The first accounting period is where uncertainty tends to build: directors know something needs to be filed, but are less sure which framework applies, which records matter and how the Companies House filing sits alongside the separate Corporation Tax position. Micro Entity Accounts can remove that guesswork. We will look at your incorporation date and accounting reference date, review the records you have — bank transactions, sales and expense documentation, asset purchases, share capital details, loan balances and any payroll or VAT information that is relevant — and prepare a set of first year statutory accounts that reflects your company’s actual position. We will explain which reporting framework appears to apply, handle delivery to Companies House where required, and keep the accounts filing clearly separate from your confirmation statement and any CT600 submission to HMRC. If you would rather spend your time running the company than interpreting filing requirements, working with someone who deals with new limited companies every day is a sensible first step.

─── 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, and how does the first accounting period work?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period generally begins at incorporation and ends on the company's first accounting reference date, which Companies House sets when the company is formed. A first period is often shorter or longer than a standard twelve months, so the period covered is not identical for every company. If the accounting reference date is changed, the first period may shift again. It is one of the first things we confirm when a new company comes to us, because it determines what the accounts need to cover.

When do first year accounts need to be filed?

The filing date is not the same for every company. It depends on the accounting reference date, the length of the first accounting period, whether the accounting reference date has been changed, and the Companies House requirements that apply. First accounts also follow slightly different rules from later sets of accounts, so assuming the date matches a subsequent year can be misleading. Rather than relying on a general answer, it is worth confirming the exact position for your company, and we can do that from its Companies House record.

What information is needed to prepare first year accounts?

For most new companies we would ask for bank statements and transaction records covering the period, sales and income records, purchase invoices and receipts for business expenses, details of any assets purchased, share capital information, and any director's loan or other loan balances. Payroll and VAT records are relevant where the company has them. Not every company will have all of these — a company with limited activity will have considerably less to provide. Complete records make preparation quicker and reduce the number of queries that have to come back to you.

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

A limited company is expected to keep accounting records and prepare accounts once it is incorporated, and that expectation is not removed simply because trading has not yet begun. Where there have been no significant accounting transactions, the reporting position depends on the company's circumstances and the applicable rules rather than being automatically treated as dormant. Dormant status has a specific meaning and its own criteria, so it is worth checking whether it genuinely applies before concluding that nothing needs to be filed.

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

No — they are separate filings with separate destinations. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. Filing one does not complete the other. The figures in the accounts are usually the starting point for the tax return, but the company's first Corporation Tax accounting period does not always align exactly with the period covered by its statutory accounts, so the two are prepared on their own terms.

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

It may be able to, but not automatically. The micro-entity framework is available to companies that meet the eligibility criteria for the relevant accounting period, and FRS 105 is the standard applicable to qualifying entities using that framework. A company that does not meet the criteria, or for which another framework suits its circumstances better, would report under the small-company or full framework instead. Eligibility should be assessed against the company's actual position rather than assumed because the company is new or has modest activity.

Do first year accounts replace the confirmation statement?

No. The confirmation statement is a separate Companies House filing that confirms the company's registered information — its directors, registered office, share details and similar particulars — is up to date. It is not a set of accounts, and delivering first year accounts does not satisfy it. A company's confirmation statement often falls due around the same point in the calendar as its first accounts, which is why directors in Sunningdale find it helpful to look at both obligations together rather than one at a time.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the position can worsen the longer a filing remains outstanding. The outcome is not the same in every case — it depends on how late the accounts are and on the company's filing history. Paying any penalty that arises does not remove the requirement to file the accounts themselves. Where an appeal is considered appropriate, whether it can be made depends on the circumstances and the applicable rules. If a deadline has been missed, the priority is to get the accounts prepared and delivered as soon as possible and to take advice on the position.