─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Witney, Prepared by Specialists in New Company Reporting

If your company was incorporated recently, the first set of statutory accounts can be the point where directors realise how much sits behind the phrase year-end. First Year Accounts for Limited Company in Witney are the accounts covering your company’s initial accounting period, built from the accounting records you hold and delivered to Companies House where required. Micro Entity Accounts helps directors through that first cycle: reviewing bank transactions and supporting documents, preparing a balance sheet and profit and loss account where applicable, and explaining how these statutory accounts sit separately from Corporation Tax reporting, including a CT600 submitted to HMRC where one is due. Clear pricing, no hidden costs, and straightforward guidance for a company at the start of its reporting history.

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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 New Limited Companies in Witney

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 of incorporation, and the date it ends depends on the company’s accounting reference date and the applicable Companies House rules, so two companies incorporated in the same month may not share the same first filing date. The accounts themselves are prepared from the company’s accounting records and, where required, filed at Companies House. They are not the same as a Corporation Tax Return such as a CT600, which is submitted to HMRC separately, and they do not replace a confirmation statement, which deals with the company’s registered information rather than its financial results. Some newly incorporated companies qualify for the micro-entity framework, and where they do, FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on the company’s circumstances and the requirements for the relevant accounting period, which is why it is worth confirming the correct basis before preparation begins rather than assuming a simplified framework applies.

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 Limited Company Accounts Prepared and Filed with Confidence

Most directors approaching their first year end are not short of questions. Which period do the accounts cover? What happens if the records are incomplete? What still needs to go to Companies House, and what is a separate HMRC matter? These are reasonable concerns for a newly incorporated company, and they are easier to deal with when someone experienced reviews the position early. Micro Entity Accounts provides professional first-year accounts preparation and filing support for limited companies, including guidance on the accounting framework that fits your company and what is required from your records. If your first year end is approaching, or has already passed, getting the accounts properly prepared is a sensible next step.

─── 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, covering its initial accounting period from incorporation. They typically include a balance sheet, and a profit and loss account where applicable, together with any notes required by the accounting framework the company uses. Once prepared, they are generally filed at Companies House where filing is required. They are a Companies House document, not an HMRC filing.

When do first year accounts need to be filed?

There is no single answer that applies to every company. The due date is worked out from the company's incorporation date, its accounting reference date and the length of the first accounting period, which can be longer than twelve months in some cases. Companies House sets out how first accounts periods and deadlines are determined, so the safest approach is to check your company's own dates rather than assume it follows the same pattern as another new company.

What information is needed to prepare first year accounts?

It depends on what the company has done, but typical records include bank statements and transactions, sales or income records, purchase invoices and business expenses, asset purchases, share capital details, director loans or transactions, and any payroll or VAT records where those apply. Companies with very little activity often need less. A review of what you hold usually identifies any gaps before preparation starts.

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

In most cases yes, once the first accounting period ends and the accounts filing obligation falls due, even where activity has been limited. It is worth noting that this is separate from the confirmation statement, which is also filed at Companies House but confirms the company's registered details rather than reporting its financial position. Accountants in Witney and elsewhere can confirm which obligations apply to a particular company.

Are first year accounts the same as a CT600?

No. The statutory accounts are prepared for the company's members and filed at Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period. Filing one does not complete the other, although the figures in the accounts are often used when working out the Corporation Tax position.

Can a new limited company prepare micro-entity accounts under FRS 105?

Only if it meets the eligibility conditions for micro-entity reporting in the relevant accounting period. Being newly incorporated, small or low-activity does not automatically make a company a micro-entity, and FRS 105 does not apply to every new company. The appropriate framework should be confirmed against the applicable requirements before the accounts are prepared, as the position can differ from one company to the next.

Do we still need to file first year accounts if the company has not traded?

A company can still have statutory filing obligations even where it has had limited or no activity, so incorporation alone does not remove the need to consider them. Whether accounts are prepared on a normal or dormant basis depends on the company's circumstances and the applicable rules rather than an assumption. Directors remain responsible for making sure the company meets its obligations.

What happens if first year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, which may include a late filing penalty depending on how overdue the accounts are. Paying a penalty does not remove the requirement to file the outstanding accounts. If you believe there is a valid reason for the delay, appeal eligibility depends on the circumstances and the applicable rules, and it is worth taking advice before assuming an appeal will s쳮d.