─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tamworth — Professional Preparation and Filing Support

The first set of statutory accounts is a milestone for any newly incorporated company, and it is worth getting right from the start. Micro Entity Accounts supports directors of new limited companies in Tamworth with the preparation of their first year accounts, from reviewing the accounting records through to producing a balance sheet, and, where applicable, a profit and loss account, and filing the statutory accounts with Companies House where required. We also help directors understand which reporting framework the company is likely to fall under and how the first accounting period and accounting reference date affect what needs to be submitted. Where Corporation Tax applies, a CT600 is a separate submission made to HMRC, and it is not the same thing as filing accounts at Companies House. Our role is to prepare, review and file accurately, with clear pricing and no jargon.

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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 Apply to New Limited Companies in Tamworth?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally starts on the date the company was incorporated and runs to its first accounting reference date, although Companies House rules for first accounts can result in a slightly different period being covered than in later years. The accounts themselves are a formal record of the company’s financial position at the period end, typically including a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework used. These are not optional documents. A limited company has statutory accounts obligations from incorporation, and filing first-year accounts with Companies House applies where required, even if the company has had limited activity or has not yet started trading. Whether a company is dormant or simply quiet depends on its specific circumstances and the applicable rules, so it is worth checking rather than assuming. Some newly incorporated companies meet the eligibility conditions for the micro-entity framework, which is the simplest reporting framework available under the financial reporting standard known as FRS 105. Others fall within the small company regime, and some need to report under a fuller framework. Eligibility depends on the company’s size and circumstances for the relevant accounting period, and it is not automatic — a new company with low activity is not automatically a micro-entity, and FRS 105 does not apply to every company simply because it has recently been incorporated. Determining the correct framework is part of preparing the accounts properly. It is also important to separate the different compliance tasks. First year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a separate filing again, and it does not replace the accounts. Filing one does not complete the others. For directors in Tamworth, keeping these distinct from the outset avoids confusion later.

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 Prepared and Filed Accurately

If your company has recently been incorporated and you are unsure what its first set of statutory accounts needs to include, which accounting framework applies, or how the Companies House filing requirements work, you are not alone — most new directors in Tamworth are working through the same questions for the first time. Micro Entity Accounts can help by reviewing your accounting records, preparing the statutory accounts for the first accounting period and supporting the filing process where required. We will also highlight where Corporation Tax and other obligations sit separately from the accounts, so you know what still needs attention. Clear pricing, straightforward communication and professional support from people who deal with new limited company accounts every day.

─── 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 statutory annual accounts prepared by a limited company for its initial accounting period. That period generally begins on the incorporation date and ends on the company's first accounting reference date, though the exact period covered for a company's first accounts can differ from later years under Companies House rules. The accounts usually include a balance sheet, and where applicable a profit and loss account, along with the notes and directors' statements required by the applicable reporting framework.

When are first-year accounts due at Companies House?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so there is no single date that applies to every new company. The period allowed for filing a first set of accounts is generally longer than for subsequent years, but you should always check the specific deadline recorded for your company rather than relying on a general assumption. We can help you confirm your company's position and plan the preparation work around it.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done since incorporation. Typical records include bank statements and transactions, sales or income records, business expense receipts and purchase invoices, asset purchases, director transactions or loans, share capital details, and any VAT or payroll records where these apply. If the company has been dormant so far, the information required will be different again. We will tell you exactly what is relevant to your circumstances rather than asking for records that do not apply.

Does a new limited company have to file accounts even if it has not traded?

In many cases, yes — statutory filing obligations generally apply from incorporation, and a company may still need to file accounts with Companies House even where it has had limited or no activity. Whether the company is treated as dormant depends on its specific circumstances and the applicable rules, and a dormant company may still have filings to make. If you are unsure about a newly incorporated company in Tamworth that has not yet started trading, it is worth checking the position before the filing window closes.

Are first-year accounts the same as a CT600?

No. First year statutory accounts are prepared and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable. The two have different purposes and different destinations, and completing one does not complete the other. Accounting information from the statutory accounts is often used when preparing the company's Corporation Tax position, but the company's first Corporation Tax accounting period and its statutory accounts period may not be identical, so both need separate attention.

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

Some newly incorporated companies do qualify for the micro-entity framework, which uses the financial reporting standard known as FRS 105 and allows for a simplified set of accounts. However, eligibility is not automatic. It depends on the company meeting the applicable criteria for the relevant accounting period, and a new company is not a micro-entity simply because it has recently been incorporated, has low turnover, or is a startup. We will assess your company's circumstances and confirm which framework is appropriate before preparation begins.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing and serves a different purpose — it confirms that the company's information held at Companies House is up to date. Filing first-year accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not satisfy the accounts requirement. Many companies need to deal with both within the same general period, and keeping track of each obligation separately helps avoid missed filings.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties and further action if the accounts remain outstanding. The consequence is not necessarily the same in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If your company is already overdue, professional support can help you understand the position, prepare the outstanding accounts and consider whether any appeal may be available depending on the circumstances and applicable rules.