─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Derby — Prepared, Checked and Filed

A newly incorporated company still has statutory accounts obligations, even if trading has been limited or has not yet started. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company in West Derby, working from the accounting records your company holds to prepare a set of statutory accounts and, where required, help deliver them to Companies House. We will talk you through how your first accounting period and accounting reference date affect what has to be reported, what belongs on the balance sheet, whether a profit and loss account is needed, and which reporting framework applies to your company based on its eligibility for the relevant period. Where Corporation Tax is relevant, we will also make clear that a CT600 is submitted separately to HMRC and is not the same thing as filing accounts at 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 and How Do They Work for a Newly Incorporated Company in West Derby?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation, although if the company was incorporated and then began trading later, the way its accounting periods fall may differ. The company’s accounting reference date is generally set by reference to the anniversary of incorporation, and it is that date that anchors the first set of statutory accounts and the filing position that follows. Because a company’s incorporation date, accounting reference date and circumstances all influence what is required, the first year is not always a straight copy of later years. Directors of newly incorporated companies in West Derby often ask whether accounts are needed at all when the company has been quiet. The obligation to prepare accounts and to file them with Companies House where required does not disappear simply because activity has been low. Where a company has had no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. First year accounts are also distinct from two other common filings. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical. A confirmation statement is a separate Companies House filing that confirms the company’s registered details remain correct. Filing accounts does not replace either of those obligations, and neither of them replaces the accounts. Some companies may qualify for the micro-entity framework and report under FRS 105, the financial reporting standard applicable to qualifying entities using that framework, but eligibility has to be assessed for the relevant accounting period. Micro-entity or small-company status is not automatic for a new company, and the correct framework depends on the company’s eligibility and circumstances.

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 West Derby Prepared Properly the First Time

The first set of accounts sets the tone for every year that follows, and it is the point where many directors realise their records are not quite in the shape they assumed. Micro Entity Accounts can help you make sense of what is needed: reviewing the figures you hold, preparing the statutory accounts for your initial accounting period, and supporting you with the Companies House filing where it applies. If you are unsure whether your company falls within the micro-entity or small-company framework, or how your accounting reference date shapes the period being reported on, that uncertainty is worth resolving before the accounts are finalised rather than afterwards. Speak to us about straightforward, fixed-fee support with your first year statutory accounts.

─── 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 for its initial accounting period, which generally starts on the date of incorporation. They set out the company's financial position at the end of that period — typically through a balance sheet, plus a profit and loss account and notes where the applicable framework requires them — and are delivered to Companies House where required.

When are first year accounts due at Companies House?

The deadline depends on your company's incorporation date, its accounting reference date and the Companies House rules that apply to a first accounting period. Because the first period is usually longer than twelve months, the filing date for first accounts is often different from later years. Rather than assume a date, check the filing deadline recorded against your company on the Companies House register and plan around that.

What information do you need to prepare first year accounts?

It depends on what the company has actually done. In most cases we would expect bank transactions and statements, sales or income records, purchase invoices and business expenses, details of any assets bought, share capital information, director transactions and any loans or finance arrangements. Payroll and VAT records are relevant where the company operates those. If some records are missing, tell us early — it is usually easier to reconstruct the position before the accounts are drafted than after.

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

No. They serve different purposes and go to different places. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where it applies to the company. Although figures from the accounts often feed into the tax computation, filing the accounts does not submit a CT600, and submitting a CT600 does not complete the Companies House filing. A company's first Corporation Tax accounting period can also differ from its statutory accounts period.

Does a company have to file first year accounts if it has not traded?

Often yes, but the exact position depends on the company's circumstances and the applicable rules. A company that has been incorporated but has had no significant accounting transactions is not automatically dormant, and dormancy is a specific position rather than a description of a quiet year. If your company has been inactive, it is worth reviewing whether accounts are still required and whether any other filings, such as a confirmation statement, remain outstanding.

Can a new limited company use micro-entity accounts and FRS 105?

Some companies can, but not all, and it is not decided simply by having a low turnover or being newly incorporated. Micro-entity and small-company status depend on meeting the eligibility requirements for the relevant accounting period. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. We assess this against your company's own position before deciding how the accounts should be prepared.

Do first year accounts replace the confirmation statement?

No. They are separate filings with separate purposes. The confirmation statement confirms that the company's registered information — such as directors, registered office and share capital — is up to date, and it has its own submission cycle. Filing your first statutory accounts does not discharge that obligation, and a director in West Derby should keep track of both.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties. The outcome is not identical in every case, and paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to get them prepared and submitted, and to consider whether an appeal is appropriate in the circumstances — eligibility for that depends on the applicable rules.