─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Strathaven — Professionally Prepared and Filed

First Year Accounts for Limited Company in Strathaven are the statutory accounts a newly incorporated business prepares for its very first accounting period. Micro Entity Accounts supports directors through that process, from reviewing the accounting records behind the figures to preparing a balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. The aim is not simply to get a document submitted, but to make sure the numbers reflect what genuinely happened in the company and that you understand the framework being used. Corporation Tax is a separate matter: where it applies, a CT600 and any supporting computations are submitted to HMRC, and filing accounts at Companies House does not discharge that obligation.

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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? Guidance for New Limited Companies in Strathaven

First-year accounts are the first set of annual statutory accounts a limited company prepares, covering its initial accounting period. That period normally runs from the date of incorporation to the company’s first accounting reference date, although the position is not identical for every company. A first period can be shortened or extended in certain circumstances, and a company that began trading later than its incorporation date may have a different practical starting point. Because the accounting reference date is linked to when the company was incorporated, two companies set up in the same month will still each have their own dates and their own filing position to work to. Preparing statutory accounts is a legal obligation for a limited company, and it applies from the outset. A recent incorporation does not remove the requirement, and neither does a quiet first period with limited activity. Even where there have been no significant accounting transactions, the company will usually still have a reporting position to address, and whether dormant accounts are the right route depends on the company’s circumstances and the applicable rules rather than on assumption. The accounting records themselves — bank transactions, sales and income, expenses, purchase invoices, asset purchases, director transactions, share capital details, loans and any payroll or VAT records where those apply — form the basis of the figures, so it is worth keeping them organised from the start. Some companies qualify to prepare and file under the micro-entity framework, using FRS 105, which is the financial reporting standard applicable to qualifying entities adopting that framework. Eligibility depends on meeting the relevant criteria for the accounting period in question, and it is assessed rather than assumed. A newly incorporated company is not automatically a micro-entity, and a company that does not qualify may report as a small company or under another framework that suits its circumstances. Determining which framework applies is one of the first practical decisions in preparing the accounts, because it affects what is included and how the figures are presented. It is also worth being clear about what first-year statutory accounts are not. They are not the same as a Corporation Tax Return. The accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a third, separate filing that keeps the public register up to date, and submitting accounts does not replace it. Directors remain responsible for ensuring each of these obligations is met, even when an accountant is engaged to prepare the accounts and handle the filing.

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.

Have Your First Year Accounts for Limited Company in Strathaven Prepared Correctly

In a company’s first accounting period, the uncertainty usually centres on what actually needs to be produced, which records the accountant needs to see, and how the Companies House filing fits alongside everything else. Micro Entity Accounts prepares and reviews first-year statutory accounts for limited companies in Strathaven and can manage the Companies House filing where required, so the figures are presented under the right framework and the paperwork is dealt with properly. Getting the first set right also makes later years simpler, because the opening balances and reporting approach are settled from the beginning. If you are unsure what applies to your company, it is worth speaking to us well before the filing date arrives rather than after it.

─── 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 your company prepares, covering its initial accounting period. That period generally starts on the date of incorporation and ends on the company's first accounting reference date, though the exact position can differ depending on when the company was incorporated, whether the first period is adjusted, and when trading actually began. The accounts typically include a balance sheet and, where applicable, a profit and loss account and supporting notes. Preparing them is a statutory obligation and it applies even if the company has only recently started out.

When are first-year accounts due?

There is no single date that applies to every new company, because the filing date is calculated from your company's accounting reference date and the date of incorporation rather than from any fixed calendar deadline. Companies House sets the first accounting reference date based on the month in which the company was incorporated, and the first set of accounts follows a different filing timetable from later years. Because that difference catches directors out, we confirm the specific date that applies to your company and build the preparation work around it.

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

It depends on what the company has done in the period. Typically we would look at bank statements and transactions, sales and income records, business expenses and purchase invoices, asset purchases, director transactions and any loans or finance agreements, plus share capital details from incorporation. If the company runs payroll, payroll records may be relevant, and VAT records may be needed where the company is registered. Not every company will have all of these, and part of the initial review is working out which records apply to your circumstances.

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

Yes, in most cases a limited company is required to prepare statutory accounts, and those accounts are delivered to Companies House where required. The fact that the company is newly incorporated does not remove that obligation, and neither does a first period with limited activity. If the company has had no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. Companies House receives the accounts; it does not prepare them, and delivery of accounts does not mean the filing has been checked or approved in any professional or regulatory sense.

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

No, they are separate filings with different destinations. Statutory accounts go 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. The two are connected in the sense that the accounting information behind the accounts will often inform the tax position, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period. Filing one does not complete the other, so both need to be considered on their own terms.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that confirms the information Companies House holds about the company — such as directors, registered office and share details — is up to date. Submitting statutory accounts does not satisfy that requirement, and filing a confirmation statement does not satisfy the accounts requirement. A newly incorporated company may need to deal with both, along with keeping its Companies House record accurate if anything changes during the year.

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

Only if it meets the eligibility requirements for the relevant accounting period, which is why eligibility is looked at rather than assumed. Some companies qualify as micro-entities and prepare accounts under FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Others may qualify as small companies and report differently, and some may not fall into a simplified category at all. A new company is not automatically a micro-entity simply because it is small in its first year, so the framework needs to be assessed against the company's actual circumstances.

What happens if first-year accounts are filed late?

Failing to deliver required accounts to Companies House by the applicable deadline can lead to consequences for the company, and penalties may apply in some circumstances. The position is not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If something has already been missed, the priority is usually to get the position resolved quickly, and where an appeal might be considered the eligibility depends on the specific circumstances and the applicable rules. If you are unsure where your company stands, it is worth getting advice rather than leaving it.