─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Whitstable, Handled Properly From the Start

If your company was incorporated recently, its first set of statutory accounts is already on the horizon. First Year Accounts for Limited Company in Whitstable means preparing the balance sheet and, where applicable, the profit and loss account for the company’s initial accounting period, checking that the underlying accounting records stand up, and delivering those accounts to Companies House where required. We work with newly incorporated companies and their directors to get the first year figures right, explain which reporting framework is likely to fit the company’s circumstances, and keep the accounts side of things clearly separate from Corporation Tax — a CT600 is submitted to HMRC, not to Companies House. Whether you have been trading for months or have only just started to see activity, we can help you understand what is required and prepare it accurately.

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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 Your New Limited Company Qualify?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, its directors become responsible for keeping adequate accounting records, preparing annual accounts for each financial year and delivering those accounts to Companies House where required. The first accounting period normally runs from the date of incorporation to the company’s first accounting reference date, which Companies House sets automatically, and it can be longer than twelve months. Because of that, a company’s first accounts can look different from the annual accounts it files in later years, and the period they cover is not necessarily the same as the company’s first Corporation Tax accounting period. Typical first year accounts include a balance sheet, notes to the accounts and, where applicable, a profit and loss account, prepared under an appropriate accounting framework. Separately, a company may also need to submit a Corporation Tax Return such as a CT600 to HMRC, and may need to file a confirmation statement — these are distinct obligations with different purposes and different destinations. Filing accounts with Companies House does not complete a CT600, and submitting a CT600 does not complete the accounts filing. Some companies may qualify for the micro-entity framework, and where they do, FRS 105 is the reporting standard that applies to qualifying entities using that framework. Eligibility is not automatic: it depends on meeting the applicable conditions for the relevant accounting period, and a newly incorporated company with modest activity does not necessarily qualify by default. The same applies to the small company regime. Part of our work is assessing which framework suits your company and preparing the accounts on that basis, so the figures presented to Companies House reflect the company’s actual position.

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 Whitstable Prepared Accurately

Many directors find the first year the hardest to get to grips with, because there is no previous set of accounts to follow and the rules around accounting periods, reporting frameworks and filing dates are easy to misread. Micro Entity Accounts helps newly incorporated limited companies work through that first reporting cycle — reviewing your accounting records, preparing the statutory accounts for the period, checking the framework that fits your circumstances, and supporting you with the Companies House filing where required. If you are unsure what information to send, what the accounts should include or how the accounts sit alongside your wider obligations, we can talk it through in plain English. Getting the first year right also makes every following year simpler, so it is worth having it prepared carefully rather than guessing. Speak to us about your company’s first accounting period and take the uncertainty out of the process.

─── 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 accounts your company prepares for its initial accounting period, starting from the date of incorporation and ending on the company's first accounting reference date. They normally include a balance sheet, notes to the accounts and, where applicable, a profit and loss account, and they are prepared under an accounting framework that suits the company's circumstances. Once prepared, they are delivered to Companies House where required. They are a separate document from a Corporation Tax Return, which goes to HMRC.

Do newly incorporated companies in Whitstable need to file first year accounts with Companies House?

In most cases, yes. A limited company is generally required to prepare and file annual accounts, and that obligation begins with its first financial year rather than being deferred until the company has been running for a while. This remains true where activity has been limited or where the company has not yet started trading, so it is worth checking your position rather than assuming nothing is due. Whether the company is properly dormant, and what that means for its filings, depends on its individual circumstances and the applicable rules.

When are first year accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, so it is not the same for every company. First accounts are usually given longer than accounts for later years, partly because the first accounting period can run for more than twelve months. You can check your company's accounting reference date and filing dates on the Companies House register, and we can help you confirm what applies to your company's first period before the deadline becomes a problem.

What information do you need to prepare first year accounts?

It depends on what your company has actually done. In practice we usually need bank statements and transaction listings, sales or income records, purchase invoices and expense receipts, details of any assets bought, director loan transactions, share capital information, and any loans or finance arrangements. If the company runs payroll or is VAT registered, the relevant payroll or VAT records are useful too. Not every company will have all of these, and we will tell you what is relevant once we understand how the company has operated.

Are first year accounts the same as a CT600?

No. The statutory accounts go to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes and are filed in different places, and completing one does not complete the other. The figures in your accounts are often used as a starting point when working out your Corporation Tax position, but the company's Corporation Tax accounting period and its statutory accounts period may not be identical, so the two need to be looked at carefully.

Do first year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement confirms that the information Companies House holds about your company — such as directors, shareholders, share capital and registered office — is correct, and it may need to be submitted even in a year where limited trading has taken place. Filing your first year accounts does not remove the need to keep your Companies House record up to date, and it does not cover Corporation Tax, VAT or payroll obligations either.

Can a new limited company qualify for micro-entity accounts?

It may do, but not automatically. Micro-entity status depends on meeting the eligibility conditions for the accounting period in question, and a company that is newly incorporated does not qualify simply because it is small or has only recently started trading. Where a company does qualify, FRS 105 is the reporting standard that applies to qualifying entities using the micro-entity framework. If it does not qualify, another framework such as the small company regime may be appropriate. We assess this as part of preparing your first year accounts.

What happens if first year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, and the requirement to file the outstanding accounts does not disappear. What applies in a particular case depends on how late the filing is and the company's filing history, so the outcomes are not identical for every company. If your accounts are already overdue, the sensible step is to get them prepared and filed as soon as possible. Whether a penalty appeal is possible depends on the circumstances and the applicable rules.