─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Whitehaven, Prepared and Filed the Right Way

The first set of statutory accounts a limited company produces shapes how its reporting runs from that point onwards, so it is worth getting the groundwork right. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Whitehaven with First Year Accounts for Limited Company — reviewing the accounting records you hold, preparing the statutory accounts, and helping with delivery to Companies House where required. Where the company also has Corporation Tax obligations, we can assist with the separate CT600 submission to HMRC, which is a different filing with a different destination and its own requirements.

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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? A Guide for Whitehaven Limited Companies

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 was incorporated recently. Once a company is registered, it has an accounting reference date, and that date determines when its first financial period ends. The first period may run from the incorporation date to that reference date and can be shorter or longer than the twelve months directors tend to expect, so the period should always be checked against the company’s own incorporation details rather than assumed. The accounts are built from the company’s accounting records — bank transactions, sales and income records, purchase invoices and receipts, asset purchases, director transactions, share capital details, and any loans or finance arrangements. They normally include a balance sheet and, depending on the reporting framework used, a profit and loss account and supporting notes. Directors remain responsible for ensuring the company keeps adequate records and meets its filing obligations, even when an accountant prepares the accounts on its behalf. Some companies qualify to report under the micro-entity framework, which uses the financial reporting standard FRS 105. Eligibility is not automatic: a company must meet the applicable criteria for the relevant accounting period, and a newly incorporated company is not automatically a micro-entity. In many cases the framework is reviewed as part of preparing the accounts, and the position for the following year may be different again. The same applies to the small-company regime, which has its own thresholds. It also helps to keep the separate obligations apart. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC, and a limited company can have a Corporation Tax accounting period that does not match its statutory accounts period. A confirmation statement is another separate filing used to keep the public register up to date. Completing one of these does not complete the others, and for directors in Whitehaven approaching their first filing date, understanding that split early avoids a good deal of confusion later.

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 Professional Help With Your First Year Accounts for Limited Company in Whitehaven

A first accounting period can feel unfamiliar, particularly when you are unsure which reporting framework applies, which records you actually need to keep, or what Companies House expects from a company that has only recently been incorporated. Micro Entity Accounts can assist with preparing the statutory accounts, working through the records you have, and supporting the Companies House filing where required, with clear pricing and no hidden costs. If your company is based in Whitehaven and your first period is approaching or already underway, it is worth talking through your circumstances before the figures are finalised. Speak to us and we can explain what applies to your company and what still needs to be done.

─── 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 prepared by a company for its initial accounting period, covering the period from incorporation (or from when it began trading, depending on the circumstances) up to its accounting reference date. They typically include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account and notes. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are first year accounts due?

The filing date depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. A common misunderstanding is that the first accounts are always due twelve months after the period ends — that is not necessarily the case for a first period. The safest approach is to check the company's own records and confirmation from Companies House, and to work back from that date when planning the preparation of the accounts.

What information is needed to prepare first year accounts?

Usually the accounting records for the period: bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, director loans or transactions, share capital information, and any finance or loan agreements. Payroll records may also be relevant where the company has employees, and VAT records where it is VAT registered. Not every company will have all of these, and the list is tailored to what the business has actually done during the period.

Do new limited companies have to file accounts with Companies House?

Yes, in most cases an incorporated company must prepare and file statutory accounts with Companies House for each financial year, including its first. Filing first-year accounts does not replace a confirmation statement, which is a separate filing that keeps the public register up to date, and it does not submit anything to HMRC on the company's behalf. Companies House receives and registers the accounts; it does not prepare them, and it does not approve them professionally.

Do first-year accounts need to be filed if the company has not traded?

It depends on the company's circumstances and the applicable rules. A company with limited activity, or one that has not yet commenced trading, may still have statutory filing obligations, and the reporting position needs to be considered rather than assumed. Being dormant for Companies House purposes is a specific status with its own conditions, so it should not be treated as automatic simply because there has been little or no activity. Where the company has had no significant accounting transactions, it is worth confirming the correct treatment before filing anything.

Are first-year accounts the same as a CT600?

No. First-year accounts are statutory accounts delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted separately to HMRC where applicable. The figures from the accounts are often used when preparing the company's Corporation Tax position, but the two filings serve different purposes, go to different bodies and have separate deadlines. Filing the accounts does not automatically submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify to report under the micro-entity framework and FRS 105, but eligibility is not automatic. It depends on the company meeting the applicable criteria for the relevant accounting period. A company with low turnover does not automatically qualify, and neither does every startup, so the framework should be assessed on the actual figures and circumstances rather than assumed at incorporation.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties. The outcome is not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If accounts have been filed late or are overdue, the position depends on the circumstances and the applicable rules, and it is worth taking advice before assuming an appeal would be appropriate or successful.