─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Thorpe-le-Soken — Prepared, Reviewed and Filed

Your company’s first set of statutory accounts is a milestone, and it is worth getting the foundations right. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Thorpe-le-Soken with the preparation of their First Year Accounts for Limited Company, starting with a review of the accounting records you hold and a clear explanation of the figures behind your balance sheet and profit and loss account where applicable. We prepare the accounts in line with the reporting framework that fits your company, and can file them with Companies House where required. Where Corporation Tax applies, we will also flag that a CT600 and any related submission to HMRC are handled separately from the Companies House filing, so nothing is confused or overlooked.

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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 Who Actually Qualifies?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period — the period that begins on the date of incorporation and runs to the company’s first accounting reference date. They are not a temporary or optional exercise. Once a company is incorporated, it generally has an ongoing duty to prepare annual accounts and to deliver them to Companies House where required, and the first set is simply the opening instalment of that routine. The length of the first accounting period is not identical for every company: it depends on the incorporation date and the accounting reference date assigned at registration, and Companies House sets out how that period is treated. Your company’s own filing deadline follows from those dates rather than from a single rule applied to everyone. If a company meets the eligibility conditions for the relevant accounting period, it may be able to prepare accounts under the micro-entity framework, with FRS 105 as the financial reporting standard that applies to qualifying entities using that framework. That is a question of eligibility and circumstances, not something that follows automatically from being newly incorporated or from having modest activity. Many small companies instead report under a small-company framework, and some need fuller disclosure. The right answer is worked out by looking at the company’s position for the period in question. It also helps to separate the three main filings that new directors tend to hear about at the same time. Statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, goes to HMRC where the company has a Corporation Tax obligation, and it is a distinct submission with its own purpose — filing accounts does not submit a CT600, and filing a CT600 does not satisfy the Companies House accounts requirement. The company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a third, separate filing that confirms the information Companies House holds about the company, and it is not replaced by delivering accounts. Directors of companies in Thorpe-le-Soken should treat each of these as its own task, with its own information requirements.

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 Thorpe-le-Soken Prepared Accurately

If you have recently incorporated a company and are unsure whether your records are complete enough, which reporting framework applies, or what has to be sent to Companies House, that uncertainty is normal and it is better addressed early than close to a filing date. Micro Entity Accounts works with directors of newly incorporated companies in Thorpe-le-Soken to review the accounting records available, prepare the first set of statutory accounts, explain what the figures represent, and file with Companies House where required — while keeping Corporation Tax and any CT600 requirement clearly separate. We will tell you plainly what information we need from you and what falls outside the accounts themselves. Send over your incorporation details and whatever records you hold, and we will take it from there.

─── 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 your company prepares, covering the period from incorporation to the first accounting reference date. They usually include a balance sheet, a profit and loss account where applicable, and the supporting notes and statements required by the framework your company reports under. Once prepared, they are delivered to Companies House where required. They are not submitted to HMRC in place of a Corporation Tax Return.

When are my first accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, along with the Companies House requirements that apply to that first period. Because the first accounting period is often longer or shorter than a standard twelve-month period, the due date is not the same for every company. We confirm the applicable date for your company once we have your registration details, and you can also check the position on the Companies House register.

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

Typically bank statements and transaction listings, sales and income records, purchase invoices and business expenses, details of any assets bought or sold, share capital information, director's loan movements, and any loans or finance arrangements. Payroll and VAT records are relevant where the company has them. Very few new companies have all of this, so send what exists and we will tell you what else is needed.

Does a newly incorporated company have to file accounts with Companies House?

In most cases, yes — a limited company generally has to prepare annual accounts and deliver them to Companies House where required, and that obligation starts with the first accounting period. This is separate from the confirmation statement, which is its own filing and is not replaced by submitting accounts. It is also separate from anything sent to HMRC. If your company has had little or no activity, the position still needs to be considered rather than assumed.

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 where the company has a Corporation Tax obligation, and it serves a different purpose. The figures in the accounts are often used when working out the Corporation Tax position, but the two filings have different destinations and different requirements, and the first Corporation Tax accounting period may not match the statutory accounts period.

My company has not started trading. Do I still need first-year accounts?

Filing obligations can still apply where a company has had limited activity or has not yet commenced trading, so it is not safe to assume nothing is due. Whether the company is treated as dormant depends on its particular circumstances and the applicable rules, not simply on having no sales. Directors in Thorpe-le-Soken in this position usually find it quickest to check the position early rather than wait for a filing date to pass.

Can a new company qualify for micro-entity accounts?

Some companies qualify for the micro-entity framework if they meet the eligibility conditions for the relevant accounting period, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. It is not automatic, and a low level of activity by itself does not settle the question. We assess eligibility against your company's circumstances for the period before deciding which framework to prepare the accounts under.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on the individual circumstances and the period of delay. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to get them prepared and submitted, and we can assist with that. Whether a penalty appeal is available depends on the circumstances and the applicable rules.