─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Westfield — Accurate Statutory Accounts, Straightforward Filing Support

Incorporating a company brings statutory obligations that arrive sooner than many directors expect, and the first set of accounts is one of them. Our team works with newly incorporated and newly trading limited companies in Westfield to prepare their first statutory accounts properly — reviewing the accounting records you hold, drafting the balance sheet and, where applicable, the profit and loss account, and supporting the Companies House filing where one is required. If the company also has Corporation Tax obligations, we can help prepare the figures needed for a CT600, which is submitted to HMRC separately from the accounts delivered to Companies House. Whether you have been trading for months or had very little activity so far, the aim is the same: a first-year accounts position that is accurate, properly documented and clearly explained to you.

🔥 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 Westfield?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its opening accounting period. That period generally starts on the date of incorporation and ends on the company’s first accounting reference date, which is set when the company is registered. Because incorporation dates and accounting reference dates differ from one company to the next, the length and shape of that opening period is rarely identical — some first periods run longer than twelve months, others shorter. That is why the filing date for a first set of accounts should be confirmed from the company’s own records rather than assumed from a general rule of thumb. The accounts themselves are a formal summary of the company’s financial position at the end of that period, together with its results for the period. A balance sheet is always included, and a profit and loss account is included where the company’s reporting framework requires it and where the company has traded. Directors’ responsibilities, the accounting framework applied and the figures themselves all form part of what is filed with Companies House where the company is required to file. Some smaller companies qualify to report under the micro-entity framework, which is based on FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on meeting the applicable tests for the relevant accounting period, so it should be assessed for each company rather than assumed. A newly incorporated company with minimal activity is not automatically a micro-entity, and a company that is eligible for one period is not guaranteed to remain eligible in the next. It also helps to keep three separate obligations apart. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a further, separate filing with Companies House and is not replaced by submitting accounts. Handling one of these does not discharge the others, so Westfield directors typically find it useful to map out all of the company’s deadlines at the same time.

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 Westfield Prepared and Ready to File

Directors of new companies often reach their first accounting reference date without a clear picture of what is expected of them — which records matter, which reporting framework applies, and what actually needs to go to Companies House. Micro Entity Accounts can take that uncertainty off your desk. We review the accounting records you have, prepare the statutory accounts for your first period, explain what the figures show in plain language, and support the Companies House filing where the company is required to make one. If Corporation Tax applies, we will also help prepare the information needed for your CT600, which is submitted to HMRC separately. Clear pricing, no hidden extras and a straightforward explanation of what happens next — so your first set of accounts is dealt with properly and you can get back to running the business.

─── 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 covering its opening accounting period. That period normally starts on the date the company was incorporated and ends on the company's first accounting reference date, which is assigned at registration. The accounts present the company's financial position at the end of the period and its results for it, and they are delivered to Companies House where the company is required to file.

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

In most cases, yes — filing statutory accounts is a legal obligation for a limited company, even if trading has not yet begun. Companies House receives the accounts and places them on the public register; it does not prepare them, check how they were prepared professionally or approve them. Directors remain responsible for making sure the filing is made and that the information is correct, even when an accountant has handled the preparation.

How is the deadline for first accounts worked out?

It is calculated from your company's accounting reference date, which is set by reference to the incorporation date. Companies House generally allows a company longer to file its first accounts than it allows for later years, but the exact date depends on your own incorporation details, so it is always worth confirming it from Companies House records rather than estimating. We can check the position for your company as part of preparing the accounts.

What information do you need to prepare first-year accounts in Westfield?

It depends on what the company has actually done during the period. Typically we ask for bank statements and transactions, sales or income records, purchase invoices and business expenses, details of any assets bought, share capital information and any director transactions such as loans or expenses paid personally. If the company runs payroll or is VAT registered, the relevant records help too. Where a record does not exist because the company has had little activity, we can discuss how to proceed on that basis.

My company has not started trading — do I still need first-year accounts?

The obligation to prepare and file statutory accounts is not removed simply because trading has not commenced. What the accounts look like will depend on whether there have been any transactions at all, and a company with no significant accounting transactions may have a different reporting position rather than being automatically treated as dormant. That position should be considered against the applicable rules and your company's circumstances before anything is filed.

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

No — they are separate filings with separate destinations. Statutory accounts go to Companies House where required, while a CT600 Corporation Tax Return is submitted to HMRC where the company has Corporation Tax obligations. Figures from the accounts often feed into the Corporation Tax position, but filing one does not file the other, and the first Corporation Tax accounting period does not always line up exactly with the statutory accounts period.

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

Some companies qualify for the micro-entity reporting framework under FRS 105 if they meet the applicable eligibility conditions for the accounting period in question. It is not automatic, and a newly incorporated company is not treated as a micro-entity by default. The right framework depends on the company's size, activity and circumstances, and we will confirm which applies before preparing the accounts.

What happens if first-year accounts are filed late?

Missing the applicable filing date can lead to Companies House consequences, and where the rules provide for a late filing penalty, the amount depends on how late the accounts are and the company's circumstances. Paying any penalty does not remove the requirement to file the outstanding accounts. If your first-year accounts are already overdue, we can help prepare and submit them, and where the circumstances support it we can discuss whether an appeal may be appropriate.