─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wickham: Professional Preparation and Filing Support

If your company has been incorporated recently, its first set of statutory accounts is one of the earliest formal reporting milestones you will face. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Wickham to prepare first-year accounts that reflect what the company has actually done since incorporation, from the balance sheet through to the profit and loss account where applicable. We begin by reviewing the accounting records you hold, agree what further information is needed, and then prepare the accounts in the reporting framework that fits the company’s circumstances. Once the directors have approved them, we can assist with delivering the accounts to Companies House where required. Many directors also have a separate Corporation Tax obligation, which sits with HMRC rather than Companies House and is handled through a CT600 where applicable, and we can support that side of the process too.

🔥 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 Who Qualifies?

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 the company was incorporated, while the first accounting reference date set at incorporation determines when it ends. Because the starting point is the incorporation date rather than a tidy twelve-month window, a first period can run for more or less than a year, and Companies House rules allow for that. The accounts summarise the company’s financial position at the period end and its performance across the period, typically through a balance sheet and, where applicable, a profit and loss account, together with the notes and disclosures required by the framework being used. They are not optional simply because the company is new or quiet. Even a company that has not yet started trading may still have statutory obligations, depending on its circumstances and the applicable rules, and ‘dormant’ has a specific meaning rather than being a label that applies automatically to any company with limited activity. Some companies meet the eligibility conditions for the micro-entity framework, in which case FRS 105, the reporting standard for qualifying micro-entities, may be appropriate. Eligibility is measured against the relevant conditions for the accounting period in question, so it is assessed company by company rather than assumed. Others may fall within the small company regime or need to prepare accounts under a fuller framework. Working out which applies is one of the first things we look at when a director in Wickham asks us to prepare their first-year accounts. It is also worth being clear about what first-year accounts are not. They are not a Corporation Tax Return. Statutory accounts are generally delivered to Companies House where required, while a CT600 is submitted to HMRC for a different purpose, even though the figures often overlap and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is separate again: it confirms the company’s registered details and does not take the place of filing accounts.

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 Wickham Prepared with Clear, Professional Support

Directors of newly incorporated companies in Wickham often reach their first accounts deadline without a clear picture of what needs to be prepared, which figures matter, or how the filing to Companies House actually works. If you are unsure whether your records are complete enough, whether your company meets the conditions for the micro-entity framework, or how the accounts sit alongside your separate Corporation Tax responsibilities, that uncertainty is worth resolving early. Micro Entity Accounts provides professional preparation and filing support for first-year accounts, reviewing your accounting records, preparing the accounts in the framework that suits your company’s circumstances and assisting with delivery to Companies House where required. Directors remain responsible for the company’s statutory obligations, but you do not have to work through the detail on your own.

─── 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, which normally starts on the incorporation date and ends on the company's first accounting reference date. The accounts show the company's financial position at the period end and its performance over that period, usually through a balance sheet and a profit and loss account where applicable, along with the notes and disclosures the relevant reporting framework requires. The directors approve the accounts, and they are then delivered to Companies House where required.

When are first-year accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, so it is not the same for every company. Companies House sets out the filing deadline that applies based on the first accounting period, and because a first period can run for more or less than twelve months, the due date can fall at a different point relative to the company's year end than it would in later years. It is worth checking the date recorded for your own company rather than assuming a standard twelve-month cycle applies. Once we have your company details, we can confirm what your filing position looks like.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done since incorporation. Typical items include bank statements and transactions, sales and income records, purchase invoices, business expenses, details of any assets purchased, share capital information, director transactions and any loans or finance arrangements. Payroll records and VAT records are relevant where the company has those obligations. If some records are incomplete, we can discuss what can be reconstructed from bank data and other supporting documents, although accurate accounting records make the process considerably smoother.

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

In most cases, yes. A limited company is generally required to prepare and file statutory accounts for each financial year, including its first one, and Companies House is the destination for those accounts where filing is required. This is separate from the confirmation statement, which confirms the company's registered details and does not replace the accounts, and separate from any Corporation Tax Return submitted to HMRC. Delivering the accounts to Companies House does not discharge those other obligations.

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

Not having traded does not automatically remove the filing obligation, and it does not automatically make a company dormant either. Dormancy has a specific meaning under the applicable rules, and a company with no significant accounting transactions may still need to deliver accounts, or may follow a different route depending on its circumstances. The sensible approach is to look at what has actually happened since incorporation, including any share capital, expenses or transactions, before deciding how to report.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company's members and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and a company may have a separate Corporation Tax obligation covering a period that does not necessarily align with the statutory accounts period. The figures in the accounts often feed into the tax computation, but the two filings have different purposes, different destinations and, in some cases, different deadlines.

Can a new company qualify for micro-entity accounts?

A newly incorporated company may qualify if it meets the eligibility conditions for the micro-entity framework for the relevant accounting period, which depend on factors such as balance sheet total, turnover and employee numbers. Being new or small does not automatically mean a company qualifies, and FRS 105 applies only where the entity is eligible and that framework is appropriate. We assess this against the company's actual figures and circumstances rather than assuming an answer in advance.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty. The amount and treatment can vary depending on how late the accounts are and the company's filing history, so it is not a fixed outcome in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, or a company in Wickham needs help getting its records in order, professional support can help establish what needs to be filed and in what order. Appeals against penalties depend on the circumstances and the applicable rules.