─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tadworth — Prepared and Filed with Professional Support

If your company has recently been incorporated, the first statutory accounts arrive sooner than most directors expect. We help limited companies in Tadworth with the preparation of First Year Accounts for Limited Company reporting: reviewing the accounting records, drafting the statutory accounts for the correct accounting period on the appropriate reporting framework, and supporting delivery to Companies House where required. We also keep the wider picture clear, including the Corporation Tax Return (CT600) that may need to be submitted separately to HMRC and the confirmation statement, which remains a distinct filing. Whether you are a contractor, consultant, startup or small trading company, the aim is accurate figures, a defensible reporting position and a filing you can explain.

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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? A Guide for Tadworth Limited Companies

First-year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally begins on the date of incorporation and ends on its first accounting reference date. Companies House generally sets that accounting reference date when the company is formed, and it can be changed in certain circumstances, so it is worth confirming the position rather than assuming a standard twelve-month period. A newly incorporated company in Tadworth will usually need to prepare accounts and deliver them to Companies House where required, even where trading has been limited or has not yet started. Filing is not optional simply because the company is new or quiet, and directors remain responsible for making sure the company keeps adequate accounting records and meets its statutory obligations. Where a company meets the applicable eligibility criteria, it may be able to prepare accounts under the micro-entity framework, with FRS 105 being the financial reporting standard that applies to qualifying micro-entities. Eligibility is assessed against the requirements in force for the relevant accounting period, so it should be checked rather than assumed — not every new company qualifies, and low turnover alone does not settle the question. Companies that do not qualify may fall within the small company regime or need to prepare accounts on a fuller basis. First-year statutory accounts are not the same as a Corporation Tax Return. The accounts are delivered to Companies House, while a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures may overlap, and the accounting information is often used when preparing the tax position, but the two filings serve different purposes and have different destinations. The company’s first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical. A confirmation statement is also separate. It confirms that the information Companies House holds about the company is up to date and does not replace the annual accounts filing. Preparing first-year accounts therefore sits alongside, rather than instead of, the company’s other compliance responsibilities.

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 Tadworth Prepared Correctly

After incorporation, it is easy to let the first set of accounts sit in the background until the filing window starts to close. Directors often find that the first period runs longer than a standard year, that eligibility for simplified reporting needs checking, and that the records behind the balance sheet are not yet in a state that supports a tidy set of statutory accounts. Micro Entity Accounts works with newly incorporated limited companies to review the accounting records, prepare the first statutory accounts on the appropriate basis and support the Companies House filing where required, while keeping the separate Corporation Tax position clearly in view. If you would like clarity on what is due, what information is needed and how the accounts should be presented, talking it through before the period ends is far easier than correcting it afterwards.

─── 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 a company prepares, covering its initial accounting period. That period starts when the company is incorporated and ends on its first accounting reference date, which Companies House generally sets at incorporation. The accounts normally include a balance sheet and, where applicable, a profit and loss account prepared under the appropriate reporting framework, along with the notes and disclosures that framework requires.

When are my company's first accounts due to be filed?

The due date depends on the company's incorporation date and its accounting reference date, so it varies from company to company. Companies House generally allows a longer filing window for a first set of accounts than for later years, but the exact date is specific to your company. It is worth checking the due date shown on the public register rather than assuming a standard deadline, and we can confirm the position and work back from it.

What information is needed to prepare first-year accounts?

A practical starting point is the company's bank statements for the period, details of sales and other income, purchase invoices and business expenses, asset purchases, director transactions, share capital information, and any loans or finance agreements. Payroll records are relevant where the company employs staff, and VAT records matter where the company is registered. Not every company will have all of these — a business that has only recently started trading may have very few transactions — so the information requested is tailored to what actually happened in the period.

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

In most cases, yes. A newly incorporated company generally has a statutory accounts filing obligation for its first accounting period, even where it has not started trading or has had minimal activity. The content and format of those accounts depend on the company's circumstances and the reporting framework it qualifies for, but the obligation to file where required does not disappear simply because the company is new. The company's reporting position should be reviewed on its own facts rather than assumed to be dormant.

Are first-year accounts different from annual accounts?

They are the same type of filing — the first-year set is simply the annual statutory accounts for the company's first period. The practical difference is the period itself. A first accounting period is often longer than twelve months, which can affect comparatives, the accounting reference date and how the figures are presented. From the second year onwards, the accounts normally cover a standard twelve-month period.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are delivered to Companies House, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts are usually used when preparing the tax position, but the two filings are separate in purpose, destination and deadline. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete the company's accounts filing.

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

It may do, but qualification is not automatic. Micro-entity reporting is available to companies that meet the eligibility requirements for the relevant accounting period, and FRS 105 is the standard applicable to qualifying micro-entities. Turnover on its own does not determine eligibility, and a startup with limited activity is not automatically within the regime. The appropriate framework should be confirmed once the company's circumstances and figures are known, particularly for a first period that may run longer than a year.

What happens if first-year accounts are filed late?

Where required accounts are not delivered by the applicable deadline, Companies House can apply consequences, and those consequences vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. Appeals are possible in limited circumstances and depend on the reasons for the delay and the applicable rules, so an overdue filing is usually best addressed as early as possible rather than left to run.