─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Weobley — Professional Preparation and Filing Support

Reaching the end of your first accounting period usually raises questions that did not come up at incorporation. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Weobley with the preparation of their first statutory accounts — reviewing the accounting records behind the figures, drafting a balance sheet and, where applicable, a profit and loss account, and delivering the accounts to Companies House where required. We also explain how the first accounting period and the company’s accounting reference date shape what actually has to be filed, and how the different reporting frameworks may apply in a company’s first year. Corporation Tax is a separate matter: a CT600 is submitted to HMRC where applicable, and it is not the same filing as the accounts sent to Companies House.

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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 Company Qualify?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. That period normally begins on the date of incorporation — or, where relevant, from the date the company began trading — and ends on its first accounting reference date, which is set when the company is formed. Because the first period often covers more than twelve months, the figures, comparatives and disclosures can look different from those in later years, which is one reason new directors in Weobley often prefer to have the first set prepared with professional input rather than treating it as a formality. Once the period has ended, the directors remain responsible for preparing accounts that give a fair view of the company’s financial position and for delivering them to Companies House where required. The accounts typically include a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework used. Engaging an accountant supports that process, but it does not remove the directors’ legal responsibilities. Some companies may qualify to report under the micro-entity framework if they meet the eligibility conditions for the relevant accounting period. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility is not automatic for a newly incorporated company and is not determined by low turnover alone — the criteria need to be checked against the company’s individual circumstances. Other companies may fall within the small company regime instead, and some may need to prepare accounts on a fuller basis. It also helps to keep three separate obligations clearly in view. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not align exactly with its statutory accounts period. A confirmation statement is a further, separate filing that keeps the public register up to date. Completing one of these does not complete the others.

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 Weobley — Accurate Preparation, Straightforward Filing Support

If your company’s first accounting period is drawing to a close, you do not have to work out the reporting requirements on your own. Micro Entity Accounts can review your accounting records, prepare the statutory accounts and support you through filing with Companies House, while being clear about which obligations sit with Companies House and which sit with HMRC. Directors in Weobley often contact us because they are unsure whether their company qualifies for the micro-entity framework, what records they need to gather, or how the first accounting period differs from later years. We can talk through those points with you, explain the framework that applies to your circumstances, and provide fixed-fee support with no hidden costs so that the first set of accounts is completed on a clear and properly documented footing.

─── 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 company's first set of annual statutory accounts, covering its initial accounting period. That period generally runs from the date of incorporation, or from the date the company began trading where relevant, up to its first accounting reference date. The accounts usually include a balance sheet and, where applicable, a profit and loss account, plus the notes and statements required by the reporting framework the company uses. The directors are responsible for preparing and delivering them to Companies House where required, even if an accountant is engaged to help.

When are first accounts due?

There is no single answer, because the deadline depends on the company's incorporation date, its accounting reference date and any change made to that date, together with the applicable Companies House requirements. The first set of accounts can also cover a longer period than the twelve months used in later years, which sometimes catches new directors out. It is worth checking your company's own filing position early rather than relying on a general rule, and we can help you confirm what applies to your company.

What information is needed to prepare first year accounts?

It depends on what the company has actually done, but useful records commonly include bank statements and transaction listings, sales invoices and income records, purchase invoices and expense receipts, details of any assets bought, director loan transactions, share capital information, and any loans or finance agreements. Payroll records and VAT records are also relevant where the company has those obligations. If some records are incomplete or missing, tell us early — it is usually easier to resolve than it looks, and it helps the figures to be prepared accurately.

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

In most cases a limited company will have statutory accounts filing obligations from its first period, even where activity has been limited. A company that has not yet started trading may still need to deal with its reporting position, and whether it can be treated as dormant depends on its circumstances and the applicable rules rather than being assumed automatically. Filing first-year accounts is also not the same as submitting a CT600 to HMRC or filing a confirmation statement — those are separate requirements with separate destinations.

Are first-year accounts different from annual accounts?

They are the same type of statutory accounts, simply the first in the sequence. The main practical difference is the length and shape of the period: the first accounting period often runs for more than twelve months from incorporation, whereas later periods are normally twelve months. That can affect comparatives, disclosures and the way the figures are presented, so the first set of accounts is often the one that benefits most from professional review before it is filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes, go to different bodies, and one does not complete the other. It is also common for a company's first Corporation Tax accounting period not to match its statutory accounts period exactly. The accounting information behind the accounts often feeds into the tax computation, but the two filings remain distinct.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify to report under the micro-entity framework, but eligibility is not automatic and is not decided by turnover alone. The conditions have to be checked against the company's circumstances for the relevant accounting period. FRS 105 is the standard applicable to qualifying entities using the micro-entity framework, while other companies may fall within the small company regime or need fuller reporting. For directors in Weobley, the sensible step is to confirm the correct framework before the accounts are drafted, not after.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that keeps the information on the public register up to date, and it does not replace the statutory accounts, nor do the accounts replace it. A company may need to submit both during the same period, along with any Corporation Tax Return due to HMRC. If you are unsure which filings apply to your company, we can set out the position clearly so nothing is overlooked.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome can vary depending on how late the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. Where a penalty appeal is considered, eligibility depends on the circumstances and the applicable rules. If your first-year accounts are already overdue, it is best to act quickly — we can help you understand the position and get the accounts prepared and filed where appropriate.