─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Swindon, Prepared and Filed Properly

A company’s first set of statutory accounts is both a milestone and a legal obligation. If you have incorporated a limited company in Swindon, Micro Entity Accounts can prepare your first year accounts, review the accounting records behind them and file them with Companies House where required. We begin with your incorporation date and accounting reference date, so the first accounting period is understood correctly before any figures are compiled. From there we build a balance sheet, and a profit and loss account where applicable, based on the information you provide, and explain the reporting framework that fits your company. Where Corporation Tax applies, we can help with the separate CT600 submission to HMRC — a different filing, going to a different destination, prepared alongside your Companies House accounts rather than instead of them.

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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 Do They Matter for Swindon Directors?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. Every company incorporated at Companies House has to prepare accounts for each financial year, and the first year is simply the earliest of those periods. It is a common misconception that a newly formed company has nothing to report until it starts invoicing customers; in practice, a company may still have accounts and filing obligations even where activity has been limited or trading has not yet begun. The first accounting period starts on the date of incorporation and ends on the company’s first accounting reference date. For many companies that date falls at the end of the month in which the first anniversary of incorporation occurs, but the date held on the public register should always be checked before accounts are prepared, because it determines when the first set of accounts is due. The accounts are then usually delivered to Companies House where required, alongside any other filings the company has to make. The term micro company is often used loosely, and it is worth separating the wording from the rules. Some newly incorporated companies qualify to report under the micro-entity framework, which uses a simplified format and, where the company qualifies, FRS 105 — the financial reporting standard applicable to qualifying entities using that framework. Eligibility is assessed against the applicable requirements for the relevant accounting period and does not follow automatically from being small, new or quiet. A company that does not qualify reports under a different framework, so we look at the position for your company rather than assuming a category. It also helps to keep the main filings apart. First year statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a further, different filing that keeps the register’s information up to date and does not replace the accounts. Directors in Swindon often deal with all three within the same few months, which is why clear record keeping from the outset makes the whole process noticeably easier.

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.

First Year Accounts for Limited Company in Swindon, Prepared Accurately From the Start

If you incorporated a limited company in Swindon recently, the question of what the first set of accounts should contain — and what actually has to be sent to Companies House — tends to arrive sooner than expected. Micro Entity Accounts prepares first year accounts for limited companies, working from the accounting records you hold, confirming the company’s first accounting period and explaining the reporting framework that applies to it. If something is missing, whether that is share capital details, director transactions or purchase invoices, we will tell you what to look for rather than leaving you to work it out alone. Clear pricing, straightforward communication and no hidden costs are part of how we work, and the goal is a first set of statutory accounts prepared properly and filed where required, with any separate HMRC obligations set out clearly along the way.

─── 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?

First year accounts are the first set of annual statutory accounts your limited company prepares, covering the period from the date of incorporation to the company's first accounting reference date. They are prepared from the company's accounting records and normally include a balance sheet, together with a profit and loss account where applicable, plus the supporting notes and statements the chosen reporting framework requires. They are not optional, and no other filing takes their place.

When are my company's first year accounts due?

The due date depends on your company's accounting reference date and incorporation date, and Companies House applies particular rules to a company's very first accounts. Because those rules differ from later years, the sensible approach is to confirm the accounting reference date held on the register and count from there. We check the position for your company in Swindon before preparing anything, so the accounts are ready in good time for the applicable deadline rather than assumed to follow the pattern of a second or third year.

What information is needed to prepare first year accounts?

Typically we need the company's bank transactions for the period, sales and income records where trading has begun, business expenses and purchase invoices, details of any assets bought, share capital information from incorporation, director loan transactions, and any loans or finance arrangements. If the company runs payroll or is VAT registered, the related records help as well. Not every company will have all of these — a company that has not yet started trading will have far less to send — and we confirm what is relevant to your circumstances.

Do new limited companies have to file accounts with Companies House?

Generally yes, where the company is required to deliver accounts for the period. Incorporation brings statutory obligations with it, and preparing and delivering accounts is one of them. Filing accounts with Companies House is separate from anything submitted to HMRC, and it is also separate from the confirmation statement, which keeps the register's information up to date. Even a company with limited activity should not assume the requirement disappears.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period. The figures in the accounts often feed into the tax computation, but the two filings serve different purposes and go to different destinations. Completing one does not complete the other.

Do I still need to file a confirmation statement as well?

Usually yes, if one is due. A confirmation statement is a separate annual filing that confirms the information Companies House holds about the company — directors, shareholders, registered office and share capital — remains correct. Filing first year accounts does not replace it, and filing a confirmation statement does not replace the accounts. Directors in Swindon with newly incorporated companies often have both to deal with in the early months, and it helps to track each obligation separately.

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

Some newly incorporated companies do qualify for the micro-entity framework, but eligibility is not automatic and depends on meeting the applicable requirements for the relevant accounting period. Being small, new or quiet does not by itself confirm the position, and FRS 105 applies only to entities that qualify under that framework. Where a company does not qualify, a different reporting framework is used. We assess this as part of preparing the accounts rather than assuming a category in advance.

What happens if first year accounts are filed late?

If accounts are delivered after the applicable deadline, Companies House can apply consequences for late filing, and the outcome depends on the circumstances and the rules in force at the time. Paying any penalty does not remove the need to file the outstanding accounts. If the filing has already become overdue, it is worth speaking to us promptly so the position can be reviewed and the accounts brought up to date, with professional support on whether an appeal is appropriate.