─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Upshire with Professional Preparation and Filing Support

Incorporating a company brings a set of statutory duties into play far earlier than most directors expect, and the first set of annual accounts is usually the first of them to demand real attention. If you are running a newly incorporated or recently started limited company in Upshire, we can take the accounting records you hold and turn them into a properly prepared set of first year accounts for your limited company, ready for delivery to Companies House where required. Directors’ approval, the balance sheet, the profit and loss account where applicable, and the notes that sit alongside them are all handled as part of the preparation, so nothing is left half-finished. We also help you work out which reporting framework fits your company and how the accounts fit together with your other obligations. It is worth being clear that a Corporation Tax Return such as a CT600 is a separate submission made to HMRC, and that a confirmation statement is a separate filing again. Preparing accounts does not complete either of those, and we will explain where each one sits.

🔥 SAVE £100.00

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 Differ From Other Filings?

First year accounts are the first set of statutory annual accounts a limited company prepares for its opening accounting period, covering the stretch of time from the date of incorporation through to the company’s first accounting reference date. They are not optional simply because the company is young. A company is generally expected to prepare accounts for its accounting periods once it is incorporated and trading through a limited company structure, and those accounts are delivered to Companies House where required. Directors are responsible for making sure the accounts are prepared, approved and filed, even where an accountant has been engaged to do the groundwork. The first accounting period is set by reference to the accounting reference date that Companies House assigns when the company is registered, so it does not run for exactly the same length in every case. In some circumstances the first period is longer than a typical twelve-month year, and where that happens it can affect how the accounts are presented and which figures fall into which period. If the company’s year end is later changed, the first period can shift again. This is one of the main reasons two newly formed companies can face noticeably different accounts timetables, and why it pays to check your own company record rather than assume a colleague’s arrangements apply to you. The phrase micro company comes up often in this context because a qualifying entity may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard that applies to entities meeting the micro-entity eligibility criteria. That said, using this framework is not automatic. A company has to meet the applicable conditions for the relevant accounting period, and some will instead fall within the small company regime or need to prepare accounts on a fuller basis. Directors of newly formed companies in Upshire sometimes assume the simplest format applies to them by default, and it is better to confirm the position before any figures are drawn up. It is equally important to keep the different filings apart. First year statutory accounts are prepared for the company and its members and are filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation, and it is possible for the first Corporation Tax accounting period to differ from the period covered by the statutory accounts. A confirmation statement is another separate filing that keeps Companies House records current and is not replaced by filing accounts. Completing one of these does not complete the others, and a limited company may have additional duties around bookkeeping, VAT or payroll depending on what it actually does.

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.

Have Your First Year Accounts for Limited Company in Upshire Prepared Properly from the Start

The opening accounting period is easy to overlook until the year end is suddenly close, and by then directors are often unsure whether their records are complete, which framework applies, or what actually needs to go to Companies House. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies to remove that uncertainty, preparing first year statutory accounts from the records you hold and supporting you through the Companies House filing where required, while keeping any separate Corporation Tax or confirmation statement duties clearly in view. If you would rather have your first set of accounts handled accurately, with transparent fees and no hidden costs, speak to us about your company and we will set out what is needed.

─── 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 for its opening accounting period, running from the date of incorporation to the company's first accounting reference date. Depending on the reporting framework that applies, they typically include a balance sheet, a profit and loss account where relevant, supporting notes and the statements the directors are required to make. Once the directors have approved them, they are delivered to Companies House where required.

When do a company's first accounts need to be filed?

There is no single answer that applies to every company. The deadline depends on your incorporation date, the accounting reference date Companies House assigns to your company, and whether your first accounting period runs longer than a standard twelve-month year. Companies House confirms the accounts filing date when the company is registered and repeats it in reminders, so it is safest to check your own company record. If your company also has a Corporation Tax obligation, the deadline for any CT600 is separate and set by HMRC.

What records are needed to prepare first year accounts?

Useful records usually include bank statements and transaction listings, sales and income records, purchase invoices and business expense receipts, details of any assets bought for the company, share capital information, director loans or transactions, and any payroll or VAT records if those apply. A newly incorporated company may have very little activity in its first period, so the records needed may be brief, but they still need to be accurate and complete for whatever did take place.

Do newly incorporated companies have to file accounts with Companies House?

A limited company is generally expected to prepare and file accounts for its accounting periods, and that includes the first one. Having limited activity, or not having started trading yet, does not automatically remove the filing requirement, although the position always depends on the company's particular circumstances and the applicable rules. Accounts filing is also separate from the confirmation statement and from any Corporation Tax Return, so meeting one deadline does not discharge the others.

Are first year accounts the same as a Corporation Tax Return or CT600?

No, they are different documents with different destinations. First year 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 Corporation Tax obligations. The figures in your accounts often feed into the tax return, and the first Corporation Tax accounting period may not line up exactly with the period covered by your statutory accounts, but filing the accounts does not submit a CT600 and filing a CT600 does not complete your Companies House accounts filing.

Does filing first year accounts replace the confirmation statement?

It does not. A confirmation statement is a separate annual filing that confirms the details Companies House holds about your company, such as directors, shareholders and the registered office, are up to date. Filing statutory accounts does not satisfy that requirement, and submitting a confirmation statement does not deal with your accounts. Directors remain responsible for keeping both on track.

Can a newly incorporated company qualify for micro-entity accounts or FRS 105?

Some companies can, but it is not automatic and it is not decided simply by how new or small the company is. Eligibility is assessed against the applicable criteria for the relevant accounting period, and a company that meets them may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard for qualifying entities using that framework. Others will fall under the small company regime or need fuller accounts, so the right approach depends on your circumstances.

What happens if first year accounts are filed late?

Delivering accounts to Companies House after the applicable deadline can lead to consequences, and those consequences can vary depending on how late the filing is and the company's filing history. Settling any penalty does not remove the obligation to file the outstanding accounts. If your first set is already overdue, professional support can help you prepare and submit what is missing, and the scope for an appeal depends on the circumstances and the applicable rules.