─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Molesey, Prepared and Filed With Professional Support

The end of a company’s first accounting period often raises more questions than a routine year-end: which figures belong in the accounts, how the first period should be treated, and what actually has to be sent to Companies House. Micro Entity Accounts works with newly incorporated and newly trading limited companies in West Molesey to prepare that first set of statutory accounts properly and file them with Companies House where required, so directors understand exactly what has been submitted in their company’s name. We begin by reviewing the accounting records you hold — bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, director loan movements and share capital details where relevant — and then prepare a balance sheet and, where applicable, a profit and loss account under the reporting framework that suits your company. Statutory accounts filing is a separate exercise from Corporation Tax: a limited company may also have Corporation Tax obligations, including a CT600 return to HMRC, and those filings serve different purposes and go to different destinations. Our role is to prepare, review and file the accounts correctly, while making the wider compliance position clear so nothing material is overlooked.

🔥 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 Apply to New Limited Companies in West Molesey?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. Every UK limited company has a statutory duty to keep adequate accounting records and to prepare accounts for each financial year, and that duty begins with the first period — it is not something that can be set aside simply because the company is newly incorporated. The start and end of that period depend on the company’s incorporation date and its accounting reference date, which is why first accounting periods are not all the same length and why first filing deadlines can differ from company to company. Acting early is usually simpler than leaving it until a reminder arrives. Once the first accounting period is confirmed, the accounts are built from the company’s underlying records. A balance sheet is always needed, showing what the company owns and owes at the period end, and a profit and loss account is prepared where the applicable framework requires one. Directors’ responsibilities, the share capital position and any transactions with directors also need to be reflected accurately. Where a company has had very little activity, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant, so it is worth confirming the correct treatment rather than assuming. Some companies that meet the eligibility conditions for the micro-entity framework can prepare and file simplified accounts, often under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity regime. That is not automatic. A newly incorporated company is not a micro-entity by default, a low turnover figure alone does not settle the question, and FRS 105 does not apply to every company. Other companies may fall within the small company framework or need to prepare accounts on a fuller basis. Eligibility depends on the company’s circumstances and the requirements for the relevant accounting period. It also helps to keep the different compliance tasks separate. First year statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC, and the two are not interchangeable — filing accounts does not submit a tax return, and submitting a tax return does not complete the Companies House filing. The company’s first Corporation Tax accounting period and its statutory accounts period may not be identical. A confirmation statement is another separate filing that keeps Companies House register information up to date and does not replace the accounts, and VAT returns, payroll submissions or other obligations may also apply depending on how the business operates. Throughout all of this, the directors remain responsible for ensuring the company meets its statutory obligations, even when an accountant is engaged. Professional support assists with preparing, reviewing and filing the required information rather than transferring that responsibility away.

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 Molesey Prepared Correctly

Many directors incorporate a company, start trading and only then discover that the first set of accounts works differently from later years. The first accounting period may run for more or less than twelve months, the accounting reference date may not be the one originally expected, and the figures have to be presented under a reporting framework the company is actually eligible to use. If you are unsure what needs to go to Companies House, what your accounting records should be showing, or whether micro-entity accounts are the right route for your company, Micro Entity Accounts can take the preparation and filing off your desk. We work through your records with you, prepare the statutory accounts for the first period and handle the Companies House filing where required, while keeping the separate Corporation Tax position clearly in view. Bringing in professional help before your first year-end arrives means the accounts are built from accurate records and the company’s compliance obligations are dealt with in the right order.

─── 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 the start of trading through to its first accounting reference date. They are usually made up of a balance sheet and, where the applicable framework requires it, a profit and loss account, together with any notes the framework calls for. Once prepared and approved by the directors, they are delivered to Companies House where required. They are not the same as a tax return or a confirmation statement, and filing them does not complete those separate obligations.

When do first year accounts need to be filed?

The first filing date depends on the company's incorporation date, its accounting reference date and the requirements that apply to first accounts. The first accounting period is often longer than twelve months because it runs from incorporation to the first accounting reference date, but that is not always the case, and a company can apply to change its accounting reference date in certain circumstances. Because the deadline is measured from the company's own accounting reference date rather than from the date you start trading, it is worth checking the specific dates attached to your company rather than relying on a general rule.

What information is needed to prepare first year accounts?

It depends on what the company has actually done during the period. Typically we would look at bank statements and transactions, sales and income records, purchase invoices and expense receipts, asset purchases, the share capital details created at incorporation, any money introduced or withdrawn by directors, loans or finance agreements, and records of anything owed to or by the company at the period end. Payroll records and VAT records are also relevant where those registrations apply. If some records are incomplete, we can help identify what is missing before the accounts are prepared.

Does every newly incorporated company have to file accounts with Companies House?

Yes — preparing and filing statutory accounts is a general requirement for UK limited companies, and it is not optional simply because the company is new or has been quiet. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically described as dormant, and directors may still have obligations to meet. We regularly help directors in West Molesey work out which position applies to their company and what needs to be filed as a result.

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

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC and is a separate filing with a separate purpose. The figures in the accounts often feed into the tax computation, but completing one does not complete the other, and neither filing is a substitute for the other. It is also worth noting that a company's first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical, so the two should be considered together rather than assumed to match.

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

It may, but only if it meets the eligibility requirements that apply for the relevant accounting period. Micro-entity status is not granted automatically to new companies, and a low turnover figure on its own does not settle the question. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework, and where a company does not qualify, the small company framework or full accounts may be the appropriate route instead. Checking eligibility before the accounts are prepared avoids reworking them later.

Does filing first year accounts replace the confirmation statement?

No — they are separate filings with different purposes. The accounts report the company's financial position for the period, while a confirmation statement confirms that the information held on the public register, such as directors, shareholders and registered office details, remains accurate. A company may still need to submit confirmation statements during and after its first accounting period, and keeping Companies House information up to date sits alongside the accounts filing rather than being covered by it.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome can vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If an appeal against a penalty is being considered, eligibility depends on the circumstances and the applicable rules. Where accounts are already overdue, the practical step is usually to get the records in order and file as soon as possible, and we can assist companies in West Molesey with that process.