─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Trafalgar: Professional Preparation and Filing Support

A company’s first set of statutory accounts is a milestone, and it often arrives with a few unanswered questions. Micro Entity Accounts supports newly incorporated and newly trading limited companies with their First Year Accounts for Limited Company requirements, from reviewing the accounting records you hold through to preparing the balance sheet, and a profit and loss account where applicable, and delivering the accounts to Companies House where required. We also help directors understand how the first accounting period and the accounting reference date shape what needs to be done. Corporation Tax is a separate matter: where a return such as a CT600 is due, it goes to HMRC rather than Companies House, and we can explain how the two fit together without treating them as one filing.

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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 Does the Micro-Entity Framework Apply?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period generally starts on the date of incorporation and runs to the company’s first accounting reference date, although the exact period and the resulting filing deadline depend on the incorporation date, the accounting reference date and the applicable Companies House requirements. The first period is not always the same length as the twelve-month periods that follow, so directors should confirm the position for their own company rather than assume another company’s timetable applies to them. Once the period has ended, the directors remain responsible for making sure accounts are prepared and, where required, delivered to Companies House. A company with limited activity may still have a filing obligation, so it is worth checking rather than assuming nothing is due. The accounts normally include a balance sheet and, depending on the framework used, a profit and loss account, together with the notes and statements that framework requires. Where a company is eligible, it may be able to prepare accounts under the micro-entity framework in line with FRS 105, the financial reporting standard for qualifying entities using that framework. Eligibility is not automatic and is not determined by how new or how small the company feels; it depends on meeting the applicable conditions for the relevant period. A company that does not qualify may still report as a small company, subject to the relevant criteria. The right framework is a decision based on the company’s circumstances, not a default. It also helps to keep statutory accounts separate from the company’s other obligations. A Corporation Tax Return, such as a CT600, is submitted to HMRC, not Companies House, and the first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts. A confirmation statement is a further separate filing that confirms the information Companies House holds about the company, and it is not replaced by filing accounts. VAT registration and VAT returns, and payroll filings where the company employs staff, sit outside the accounts too. Figures from the accounts often inform these processes, but each filing has its own purpose, destination and deadline.

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 Trafalgar — Clear Preparation, Reliable Filing Support

If you are unsure which figures belong in your first set of statutory accounts, whether your company qualifies for a simplified reporting framework, or what actually has to be sent to Companies House, those are among the most common questions directors ask in their first year. Micro Entity Accounts can review your accounting records, prepare the accounts in the framework that suits your circumstances and support you with delivery to Companies House, while keeping your separate HMRC and confirmation statement obligations in view. Getting the first year right creates a clear baseline for everything that follows, so it is worth having the detail checked by someone who deals with newly incorporated companies and their first accounts on a regular basis.

─── 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 accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company's first accounting reference date, and the accounts are prepared from the company's accounting records. They usually include a balance sheet, and a profit and loss account where the framework used requires one, plus the notes and statements applicable to that framework. Where required, they are delivered to Companies House. Preparing them does not, by itself, complete the company's Corporation Tax, confirmation statement or VAT obligations.

When are first year accounts due to be filed?

There is no single date that applies to every company. The deadline is worked out from the company's incorporation date and its accounting reference date, and Companies House records the filing date for each individual company. Because the first accounting period can be longer or shorter than twelve months, the deadline for first accounts is not always calculated in the same way as for later years. Once the first period has ended, it is worth confirming your company's own deadline rather than relying on a general rule or on what happened for another company.

What information is needed to prepare first year accounts?

It depends on the activity the company has had, but directors can usually help by gathering bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, information about loans or finance, director transactions and any amounts owed to or by the company, share capital details from incorporation, and payroll or VAT records where those apply. If the company has been quiet, incorporation documents and bank statements are still useful. You do not need to have every item listed here — only the records that reflect what the company has actually done.

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

In most cases a limited company is required to file annual accounts with Companies House for its accounting periods, and that obligation is not removed simply because the company was only recently incorporated. There are circumstances where a different reporting position applies, for example where the company meets the criteria for dormant accounts or has never traded, but that depends on the company's own facts and the applicable rules rather than on being new. Directors of newly formed companies in Trafalgar should confirm which position applies to them before deciding that nothing needs to be submitted.

Are first year accounts the same as a CT600?

No. They are separate filings with separate purposes and separate destinations. Statutory accounts are delivered to 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 figures in the accounts often feed into the tax return, but filing one does not file the other, and neither one replaces the other. The company's first Corporation Tax accounting period may also differ from the period covered by its statutory accounts, so the two should be looked at together but treated as distinct pieces of work.

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

It can, but not automatically. Micro-entity reporting depends on the company meeting the applicable eligibility conditions for the accounting period in question, and those conditions are set by the reporting framework rather than by how long the company has been trading. Where a company qualifies, FRS 105 is the financial reporting standard used under the micro-entity framework, which allows a simplified set of accounts. Where it does not qualify, small-company reporting may still be available, again subject to the relevant criteria. The appropriate framework should be confirmed for each period.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the information held about the company, such as its registered details, directors, shareholders and share capital, is up to date. Filing statutory accounts does not satisfy that requirement, and submitting a confirmation statement does not file the accounts. A limited company may need to do both. Keeping the Companies House register accurate also helps ensure the accounts and the company's other filings reflect the same underlying information.

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 how late the accounts are and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts, so the accounts still need to be prepared and submitted. Where an appeal against a penalty is considered, eligibility depends on the individual circumstances and the applicable rules. If accounts are overdue, the practical step is to establish the position and prepare the filing as soon as possible rather than wait.