─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wokingham, Prepared and Filed Correctly

The first set of statutory accounts a company produces shapes how straightforward the years that follow will be. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Wokingham with their First Year Accounts for Limited Company, from reviewing your accounting records and share capital details through to preparing a balance sheet and a profit and loss account where applicable, and delivering the accounts to Companies House where required. Where the company also has Corporation Tax obligations, we can help prepare the separate CT600 submission to HMRC, which is a distinct filing with its own purpose and its own deadline.

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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 What Does the First Accounting Period Cover?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company has only recently been incorporated. When a company is formed, Companies House sets an accounting reference date, generally the last day of the month in which the first anniversary of incorporation falls, and the first accounting period usually runs from the incorporation date to that date, subject to any change made under the applicable rules. The accounts then summarise the company’s financial position for that period, typically through a balance sheet and a profit and loss account where applicable, along with the notes and disclosures required by the reporting framework the company uses. Some newly incorporated companies may qualify for the micro-entity framework, and therefore FRS 105, if they meet the eligibility conditions for the relevant accounting period. Qualification depends on the company’s size and circumstances, so it is worth checking rather than assuming. A company that does not meet the micro-entity criteria may instead fall within the small company regime, and the correct basis should be confirmed before the accounts are drafted because it affects what is included and how the figures are presented. Filing with Companies House is a separate step from the accountancy work. Where statutory accounts are required to be filed, they are delivered to Companies House, which places them on the public register. Companies House does not prepare the accounts, does not assess whether an accountant prepared them, and does not approve them — it receives and registers the filing. Directors remain responsible for ensuring the accounts are prepared and delivered correctly and on time, even when professional support is used. It also helps to keep three other obligations clearly separate. A Corporation Tax Return, such as a CT600, is submitted to HMRC and deals with the company’s tax position rather than with Companies House. A confirmation statement is a separate filing that keeps the company’s register information up to date, and it is not replaced by filing first-year accounts. VAT returns, where a company is registered, follow their own cycle. Submitting first-year accounts does not automatically complete any of these other duties, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. For directors in Wokingham running a newly incorporated company, the practical work usually starts with the accounting records: bank transactions, sales and income records, expense receipts and purchase invoices, asset purchases, director loan movements, share capital details, and any payroll or VAT records where relevant. From those records the accounts are prepared, reviewed with the director and filed where required.

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 Wokingham Prepared and Filed

Your first set of statutory accounts raises questions that are easy to postpone: which reporting framework applies, what the first accounting period actually covers, what belongs at Companies House and what belongs to HMRC instead. Micro Entity Accounts works with newly incorporated and newly trading limited companies, preparing first-year statutory accounts from the records you hold, explaining what each figure represents and filing where required. We will review the information you have, tell you plainly what is still needed, and keep the separate obligations — accounts, confirmation statement and Corporation Tax — in the right order. If you would rather not work through it alone, get in touch and we will take the accounts preparation from here.

─── 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 covering your company's initial accounting period. That period generally runs from the date of incorporation to your company's first accounting reference date, and the accounts typically include a balance sheet, a profit and loss account where applicable, and the notes required by the reporting framework used. They are prepared from the company's accounting records and, where required, delivered to Companies House.

When are first accounts due to be filed?

The deadline depends on your company's accounting reference date and the applicable Companies House requirements, so no single date applies to every newly incorporated company. Companies House sets a first accounting reference date when the company is formed, and the filing deadline is calculated from that date, with different rules applying in certain first-period situations. We confirm the relevant date for your company rather than relying on a general rule of thumb.

What information do I need to provide for first year accounts?

Usually bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, director loan movements, share capital information, and any payroll or VAT records where relevant. If activity has been limited, we still look at what exists so the position can be reported accurately. The exact list depends on what the company has actually done during its first period.

Does a newly incorporated company in Wokingham have to file accounts with Companies House?

In most cases yes, where the company falls within the accounts filing requirements, even if it has not traded significantly yet. Being newly incorporated or having very little activity does not by itself remove the obligation. Whether a company is treated as dormant for filing purposes depends on its specific circumstances and the applicable rules, so it is worth checking before assuming that nothing needs to be filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts are often used as a starting point for the tax return, but the two serve different purposes, go to different bodies and follow separate deadlines. A company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some can, if they meet the eligibility conditions for the relevant accounting period, which is why micro-entity status should never be assumed simply because a company is new or small. Qualifying companies may use the micro-entity framework and FRS 105, which allows a simpler format. Eligibility is assessed on the company's size and circumstances, and we confirm the appropriate framework before preparing the accounts.

Do first-year accounts replace a confirmation statement?

No. A confirmation statement is separate from the statutory accounts and confirms that the company's details, such as directors, registered office and shareholding, remain correct. Filing first-year accounts does not satisfy the confirmation statement requirement, and submitting a confirmation statement does not file your accounts or settle any Corporation Tax position.

What happens if first-year accounts are filed late?

Late delivery of accounts to Companies House can lead to filing consequences, and the outcome depends on how late the accounts are and the rules in force at the time. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, we can review the position, help prepare the accounts and discuss whether an appeal might be appropriate in your circumstances.