─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Trafford, Prepared With Care

Your company’s first set of statutory accounts is a milestone, and getting it right matters. At Micro Entity Accounts, we help newly incorporated and newly trading limited companies in Trafford prepare their first year accounts properly — reviewing the accounting records you hold, drafting the balance sheet and profit and loss account where applicable, and supporting you with delivery to Companies House where required. We also keep the wider picture in view, including the separate Corporation Tax position and any CT600 that may need to be submitted to HMRC, and the confirmation statement that sits alongside it. The result is a clear, accurate set of first statutory accounts prepared around your company’s actual circumstances.

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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 Your Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new or has only recently started trading. Every limited company has reporting obligations from incorporation, and for most companies the first accounting period runs from the incorporation date to a first accounting reference date set by reference to that date. The first period is often longer than the periods that follow, which is one reason first-year accounts can look different from later years. Where a company qualifies, the micro-entity accounting framework — based on FRS 105 — allows a simplified set of accounts, typically a balance sheet with limited notes and no full profit and loss account on the public record. Qualification depends on the company meeting the applicable eligibility requirements for the relevant accounting period, so it should be checked rather than assumed. A newly incorporated company is not automatically a micro-entity, and a company with modest activity is not automatically eligible either. The appropriate framework for your Trafford company depends on its own circumstances. Once prepared, first year statutory accounts are generally delivered to Companies House where required. Companies House registers the filing; it does not prepare the accounts, check how they were professionally prepared, or approve them in any regulatory sense. It is also worth being clear about what first-year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and separate again from the confirmation statement, which keeps the company’s registered details up to date. Filing accounts does not automatically settle those other obligations, and each has its own purpose and destination.

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 Trafford Prepared and Filed With Confidence

If you have recently incorporated a company and are unsure what the first set of statutory accounts needs to include, you are not alone. Many directors in Trafford come to us with the same questions — which accounting records are needed, whether the micro-entity framework applies, how the first accounting period has been set and what actually has to go to Companies House. Micro Entity Accounts can assist with preparing your first year accounts, reviewing the supporting records and filing with Companies House where required, while keeping your separate Corporation Tax and confirmation statement obligations in view. Getting an experienced eye over the numbers early tends to make the whole process clearer, so it is worth talking to us before the accounts are due.

─── 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 your company prepares, covering its initial accounting period. That period normally starts on the date of incorporation and ends on the company's first accounting reference date, which is set by reference to the incorporation date. The accounts typically include a balance sheet, and a profit and loss account where applicable, prepared under the reporting framework the company is eligible to use. They are prepared from the company's accounting records and are generally delivered to Companies House where required.

When are first accounts due?

There is no single answer that applies to every company. The filing deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, and the first set of accounts is commonly given a longer filing window than later years. Because the calculation is specific to your company, we check the position for your incorporation date rather than relying on a general rule of thumb, and we would always recommend confirming the due date from official Companies House guidance for your company record.

What information is needed to prepare first-year accounts?

It depends on what the company has done since incorporation, but the starting point is accurate accounting records. Depending on your circumstances that may include bank statements and transaction listings, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director loan movements, finance or loan agreements, and payroll or VAT records where those apply. If the company has had limited activity, we work with whatever records exist and consider the correct reporting position for that situation.

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

Limited companies have statutory accounts filing obligations from incorporation, and first year accounts are generally filed with Companies House where required. Having limited activity does not automatically remove that obligation, though the reporting position can differ where a company has had no significant accounting transactions — that depends on the circumstances and applicable rules rather than being treated as dormant by default. We look at your company's actual position and explain what needs to be filed and what does not.

Are first year accounts different from annual accounts?

They are the same type of document — annual statutory accounts — but the first set covers the company's initial period, which often runs for longer than a normal 12-month period and can be prepared under slightly different presentation expectations. Later years follow the company's regular accounting reference date. The underlying principles are consistent, but the first year is where the company's reporting framework and accounting reference date are effectively established, which is why it is worth getting right from the outset.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and covers the company's Corporation Tax position. The two are separate filings with separate purposes and destinations, and completing one does not complete the other. The figures from your accounts are often used when preparing the tax position, but the company's first Corporation Tax accounting period and its statutory accounts period may not be identical.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify, but it is not automatic and should not be assumed. Eligibility depends on meeting the applicable requirements for the relevant accounting period, and the financial reporting standard for qualifying entities using the micro-entity framework is FRS 105. A company may instead fall under the small-company regime or need to prepare accounts under a fuller framework. For directors in Trafford, we review the company's circumstances and confirm which framework applies before preparing anything.

Do first year accounts replace the confirmation statement, and what happens if accounts are filed late?

Filing first year accounts does not replace the confirmation statement. A company may still need to submit a confirmation statement and keep its Companies House information up to date, and those obligations continue separately. On late filing, failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If something has been overlooked, it is best to address it promptly rather than wait.