─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tenterden: Prepared, Reviewed and Filed With Confidence

If you have recently incorporated a company in Tenterden, your first set of statutory accounts will come around sooner than most directors expect. Micro Entity Accounts supports newly incorporated and newly trading limited companies with First Year Accounts for Limited Company, from reviewing the accounting records you hold through to preparing the accounts and delivering them to Companies House where required. We also help you understand how the first accounting period works, which reporting framework may suit your company, and how your Companies House filing sits alongside other obligations. Where a Corporation Tax Return such as a CT600 is needed, that is a separate submission to HMRC and is dealt with on its own basis.

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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?

First-year accounts are the very first set of statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, which is why the first period does not always look like the twelve-month periods that follow. Depending on the incorporation date and the accounting reference date, a first period can be longer or shorter than a year, and the filing deadline attached to it is worked out from those dates rather than from a single rule that applies to every company. The accounts themselves summarise the company’s financial position and performance for that period, typically through a balance sheet and, where applicable, a profit and loss account, together with any notes and the required statements. For directors of a company registered in Tenterden, the practical question is usually simpler: what has to be prepared, and what has to be sent to Companies House? If the company meets the eligibility conditions for the relevant accounting period, it may be able to report under the micro-entity framework, using FRS 105, the financial reporting standard that applies to qualifying entities preparing micro-entity accounts. That is not automatic. Eligibility depends on the company’s size and circumstances, and some companies report under the small-company regime instead. It is also worth separating three things that are often confused. First-year statutory accounts are prepared for the members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has a Corporation Tax obligation, and the two filings have different purposes and different destinations. A confirmation statement is a further separate requirement that keeps the company’s public record up to date. Completing one does not complete the others, and filing accounts does not automatically settle the company’s tax position or its confirmation statement.

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 Tenterden Prepared Properly

Many directors incorporate a company, begin trading, and only later realise that the first set of statutory accounts is not simply a repeat of a standard year-end exercise. The period is different, the reporting framework has to be considered, and the information needed to prepare the accounts is rarely sitting neatly in one place. Micro Entity Accounts helps limited companies in Tenterden work through that first set of accounts with clear pricing and no hidden costs, covering the review of your accounting records, preparation of the statutory accounts and filing with Companies House where required. If anything about your first accounting period, your Companies House requirements or the framework that applies to your company is unclear, it is worth speaking to someone before the deadline becomes a problem.

─── 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 for its initial accounting period, which normally starts on the date of incorporation and ends on the company's first accounting reference date. The accounts set out the company's financial position for that period, usually through a balance sheet and, where applicable, a profit and loss account, along with any notes and the required statements. They are prepared for the company's members and filed with Companies House where required.

When are first-year accounts due?

There is no single answer that fits every company. The deadline is worked out from the company's accounting reference date and its incorporation date, and the first set of accounts is treated differently from later years. Because the first accounting period can be longer or shorter than twelve months, the safest approach is to check the specific due date recorded against your company at Companies House rather than assuming it matches a standard year end. We can review your company's dates and explain what applies to your situation.

What information do you need to prepare first-year accounts?

It depends on what the company has done since incorporation. Typically we would look at bank statements and transactions, sales or income records, purchase invoices and business expenses, details of any assets purchased, director loans or transactions with the company, share capital information, and any payroll or VAT records where those apply. If the company has had very little activity, we still need to see the records that exist so the accounts reflect the actual position rather than an assumption about it.

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

In most cases, yes. A newly incorporated company still has statutory accounts obligations, and the fact that it has only recently been formed does not remove them. Where the company has not started trading or has had limited activity, the reporting position depends on the company's specific circumstances and the applicable rules rather than being automatically treated as dormant. Filing first-year accounts with Companies House is also not the same as submitting a Corporation Tax Return, which goes to HMRC.

Are first-year accounts different from the annual accounts prepared in later years?

The underlying purpose is the same, but the first set is different in some important ways. The first accounting period usually runs from incorporation rather than from a previous year end, so it may cover more or less than twelve months, and the filing deadline is calculated differently. For that reason, directors in Tenterden and elsewhere are often surprised by the timing of their first accounts, even when they are comfortable with the annual cycle that follows.

Do we still need first-year accounts if the company has not traded?

It depends on the circumstances. A company that has been incorporated but has not yet started trading may still have filing obligations, and having little or no activity does not automatically make a company dormant in the statutory sense. The correct treatment depends on whether any transactions have taken place, what they were, and the applicable rules. It is worth having the position reviewed before deciding that nothing needs to be filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are filed with 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 separate filings with separate purposes, and completing one does not complete the other. The figures in the accounts are often used as a starting point when working out the company's Corporation Tax position, but the company's first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical.

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

Some newly incorporated companies do qualify for the micro-entity framework and report under FRS 105, but it is not automatic and not every company with low turnover will meet the eligibility conditions. The framework that applies depends on the company's size and circumstances for the relevant accounting period, and some companies fall under the small-company regime instead. We can assess which framework is likely to suit your company before the accounts are prepared.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so the priority is usually to get the accounts completed and delivered. If you believe there were genuine reasons for the delay, it may be worth discussing whether an appeal is appropriate, as eligibility depends on the circumstances and the applicable rules.