─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Walton-on-Thames: Professional Preparation and Filing Support

Your company’s first set of statutory accounts tends to arrive sooner than most directors expect, and the rules around that initial accounting period are not always obvious. Micro Entity Accounts provides First Year Accounts for Limited Company support in Walton-on-Thames, starting with a review of the accounting records and working through to preparing the statutory accounts and delivering them to Companies House where required. We also explain how the company’s Corporation Tax position sits alongside this, including any CT600 that may need to be submitted to HMRC — a separate filing with a separate destination. For directors of a newly incorporated or newly trading limited company in Walton-on-Thames, the aim is straightforward: accurate accounts, a clear understanding of what is due and where, and support from someone who deals with first-year company accounts regularly.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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? A Guide for Limited Companies in Walton-on-Thames

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. For a newly incorporated company in Walton-on-Thames, that period generally starts on the date of incorporation, although what the accounts actually cover depends on the company’s accounting reference date — the date Companies House records when the company is formed — and on whether that date is later changed. This is why two companies incorporated in the same month can still face different first-period lengths and different filing positions. The accounts themselves give a formal picture of the company’s financial position at the end of that first period. Depending on the reporting framework used, they typically include a balance sheet showing assets, liabilities and share capital, and, where applicable, a profit and loss account, together with any notes or statements required. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its statutory obligations; appointing an accountant assists with preparing, reviewing and filing the accounts but does not transfer those responsibilities away from the board. It helps to separate the filings. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and although figures from the accounts often inform the tax position, the two filings serve different purposes. A company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate filing that keeps Companies House information up to date, and VAT returns apply only where the company is registered for VAT. Filing one of these does not complete the others. Not every newly incorporated company reports in the same way. A company may qualify to use the micro-entity framework — and FRS 105, the financial reporting standard applicable to qualifying entities within it — if it meets the eligibility requirements for the relevant accounting period. Small company reporting may also be appropriate. Eligibility needs to be assessed against the company’s own circumstances; a quiet first period or a low level of activity does not by itself make a company a micro-entity, and a company that has not yet started trading is not automatically dormant. Where a company has had limited or no accounting transactions, its reporting position depends on its circumstances and the applicable rules, and professional support helps clarify what that means in practice.

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 Walton-on-Thames Prepared Properly

Most directors of a newly incorporated company have never put together a set of statutory accounts before, and uncertainty usually centres on a few practical points: which accounting period the accounts cover, what records need to be pulled together, how the filing reaches Companies House, and whether the company meets the criteria for micro-entity reporting. Micro Entity Accounts works with limited companies in Walton-on-Thames on exactly these questions, preparing first-year accounts, reviewing the underlying accounting records and supporting the Companies House filing where required, with clear pricing and no hidden costs. If you would prefer your first set of figures to be checked and prepared by someone who handles first-year company accounts routinely, get in touch and we will talk through your company’s position.

─── 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 a company prepares after incorporation, covering its initial accounting period. In substance they are the same type of document as later annual accounts — typically a balance sheet, and where applicable a profit and loss account, plus any required notes — but the period they cover is determined by the company's first accounting reference date rather than a standard twelve-month cycle.

When are first accounts due to Companies House?

There is no single date that applies to every new company. The due date is worked out from the company's incorporation date and its accounting reference date, and it can be affected if the accounting reference date is changed or if the first period is longer or shorter than usual. Before starting work we check the dates recorded for your company and explain which deadline applies, so you are working from your own filing position rather than a general assumption.

What information is needed to prepare first year accounts?

In most cases we would look for bank statements and transaction listings covering the period, sales and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director's loan movements, and any loans or finance agreements. Where the company runs payroll or is VAT registered, those records are useful too. Not every company will have all of these, and we confirm what is relevant based on how the business has actually operated.

Does a new limited company have to file accounts with Companies House if it has not traded?

Filing obligations can still apply where a company has had limited or no activity, so inactivity does not automatically mean nothing needs to be done. Whether the company is treated as dormant for a particular period depends on its circumstances and the applicable rules, and a company is not considered dormant simply because it has not yet made a sale. We can review the position for your company and set out what is likely to be required.

Are first year accounts the same as a CT600?

No, and it is worth keeping the two clearly apart. 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. The accounting figures often feed into the tax return, but submitting one does not submit the other — the recipients, the rules and the timing are all separate.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify, but it is not automatic and it is not determined by being new or by having a small amount of activity. Micro-entity eligibility depends on meeting the applicable criteria for the relevant accounting period, and FRS 105 is the standard used by qualifying entities within that framework. Small company reporting may also be available. We assess which framework suits your company before any accounts are prepared.

Do first year accounts replace the confirmation statement?

They do not. A confirmation statement is a separate filing that updates Companies House on the company's registered details, such as directors, shareholders and registered office, and it generally needs to be submitted each year. Delivering statutory accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not satisfy the accounts requirement — directors in Walton-on-Thames need to keep track of both.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and late filing penalties generally increase the longer the accounts remain outstanding. Paying a penalty does not remove the obligation to file the outstanding accounts. Whether an appeal is possible depends on the circumstances and the applicable rules. Where accounts are already overdue, the practical step is to get the filing completed as quickly as the records allow, with professional help if the position is unclear.