─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tyne & Wear, Prepared and Filed with Professional Support

Getting the first set of statutory accounts right matters more than most new directors expect. Micro Entity Accounts supports newly incorporated and newly trading limited companies across Tyne & Wear with First Year Accounts for Limited Company preparation and filing. We begin by reviewing the accounting records you hold and confirming the period the accounts actually need to cover, then prepare a balance sheet and, where applicable, a profit and loss account in line with the reporting framework your company qualifies for. Once the accounts are ready for approval and signature, we can deliver them to Companies House where required. If your company also has Corporation Tax obligations, the CT600 is a separate return submitted to HMRC, with its own requirements and its own filing arrangements. Clear pricing, straight answers and no unnecessary 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 Does Every New Limited Company Qualify?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are not optional, and they are not the same thing as a Corporation Tax Return. For a company based in Tyne & Wear, they represent the formal record of the company’s position at the end of that first period: typically a balance sheet, a profit and loss account where the applicable framework requires one, and any notes that framework calls for. Directors also confirm that the accounts have been prepared correctly, which forms part of their statutory responsibilities. The first accounting period normally runs from the date of incorporation to the company’s first accounting reference date, which Companies House sets when the company is formed. That period is not always twelve months long, and the point at which a company begins trading can affect both the figures reported and the period being reported on. This is why the dates come first in our work. A first-year accounts deadline is calculated from the accounting reference date and the company’s own circumstances rather than from a single rule that applies to every company identically. Some small companies qualify for the micro-entity reporting framework, which uses the financial reporting standard FRS 105, but that is an eligibility question rather than an automatic entitlement. A newly incorporated company with modest activity will not necessarily qualify, and a company that does not meet the criteria may fall within the small-company regime instead. The appropriate framework depends on the company’s circumstances and the applicable requirements for the accounting period in question, so we assess that before preparation begins. Two obligations are often confused with first-year accounts. The first is the CT600, a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations; the second is the confirmation statement, a separate Companies House filing confirming that the company’s registered details are correct. Preparing and filing statutory accounts does not complete either of those obligations on its own, and the company’s first Corporation Tax accounting period may not always run in exactly the same way as its statutory accounts period.

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.

Let Us Prepare and File Your First Year Accounts for Limited Company in Tyne & Wear

In a first accounting period, the uncertainty is rarely about bookkeeping itself. It is about what has to be filed, in what format, and what happens if the records do not quite add up. Micro Entity Accounts takes that work off your desk: we review the records you hold, prepare your First Year Accounts for Limited Company purposes using the framework your company actually qualifies for, and handle the Companies House filing where required. Directors and newly incorporated companies across Tyne & Wear come to us because first-year accounts are what we deal with routinely, and because we explain each step in plain English rather than leaving you to work it out. Send over your incorporation details and a summary of your records, and we will set out clearly what needs to happen next.

─── 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 a company prepares for its initial accounting period, covering the period from incorporation, or from the point its reporting period begins, through to its first accounting reference date. They generally include a balance sheet and, where the applicable framework requires it, a profit and loss account, along with any notes required by that framework. They are prepared from the company's accounting records and delivered to Companies House where required. They are not a Corporation Tax Return, which is submitted to HMRC separately.

When are first accounts due?

The deadline is calculated from the company's accounting reference date, which Companies House sets when the company is formed based on its incorporation date. First accounts often follow a different filing window from later years, so it is worth confirming the exact date that applies to your company rather than assuming it matches the incorporation anniversary or the date trading began. We can check the applicable filing date for your company as part of the work.

What information is needed to prepare first-year accounts in Tyne & Wear?

Typically that includes incorporation details such as the company number, incorporation date and accounting reference date, together with bank statements and transactions for the period, sales and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director or loan account movements, and payroll or VAT records where those apply. Where a company has not traded or activity has been limited, the records that do exist still matter, because the accounts must reflect the period accurately. Not every company will have all of these items.

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

In most cases, yes. Being recently incorporated, or having limited activity, does not usually remove the requirement to prepare and file statutory accounts. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules, and it is not automatically treated as dormant. If you are unsure how your company should be treated for filing purposes, that is worth confirming before the deadline arrives rather than afterwards.

Are first-year accounts the same as a CT600?

No, and the distinction matters. First-year accounts are statutory accounts delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. Much of the same underlying accounting information feeds into both, but they serve different purposes, go to different organisations and have their own requirements. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not necessarily be identical to its statutory accounts period.

Do we still need to file a confirmation statement?

Yes, where the company is required to file one. A confirmation statement is a separate Companies House filing that confirms the company's registered information remains accurate, and filing first-year accounts does not replace it. Directors may also need to notify Companies House separately when details such as directors, the registered office or share information change during the year.

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

Some do, but not all. Micro-entity status depends on meeting the applicable eligibility criteria for the relevant accounting period, and a low level of activity on its own does not automatically mean a company qualifies. Companies that fall outside the criteria may come under the small-company regime instead. Where a company does qualify, FRS 105 is the financial reporting standard applicable to the micro-entity framework, and the accounts are prepared on that basis. Eligibility is assessed as part of the preparation work.

What happens if first-year accounts are filed late?

Companies House can apply late filing consequences where accounts are delivered after the applicable deadline, and the outcome can vary depending on how late the filing is and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, professional support can help get the position regularised and, where the circumstances support it, consider whether an appeal may be appropriate under the applicable rules.