─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Woodmansterne, Prepared Correctly From the Start

Your company’s first accounting period is different from every one that follows it, and the accounts you prepare for it set the tone for your filing history at Companies House. We help directors of newly incorporated and newly trading limited companies in Woodmansterne work through First Year Accounts for Limited Company requirements in a structured way — reviewing the accounting records you hold, preparing the statutory accounts for the correct accounting period, and supporting you with delivery to Companies House where required. Directors remain responsible for the company’s statutory obligations, but professional preparation takes much of the technical guesswork out of the process. If your company also has Corporation Tax obligations, those sit separately with HMRC and are usually dealt with through a Company Tax Return such as a CT600, which is not the same filing as your Companies House accounts.

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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 Limited Company, and When Might Micro-Entity Reporting Apply?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date the company was incorporated and runs to its first accounting reference date. Companies House sets that first accounting reference date from the incorporation date, and it is that date — together with the applicable filing rules — that determines what period the accounts cover and when they are generally due to be delivered. Because incorporation dates differ from company to company, first accounting periods differ too, so there is no single answer that fits every new company in Woodmansterne. These accounts are not optional, and they do not disappear simply because a company has been quiet. A newly incorporated company may still have statutory accounts obligations even where activity has been limited or trading has not yet commenced. Where a company has had few or no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. Preparing the accounts involves more than filling in a form. The figures normally come from the company’s accounting records — bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, director transactions, share capital information, loans and finance arrangements, and payroll or VAT records where those apply. From those records, the accounts are built up into a balance sheet, and a profit and loss account where applicable, together with the disclosures required under the chosen reporting framework. Directors remain responsible for ensuring the company keeps adequate accounting records and meets its filing obligations, even when an accountant prepares or submits the accounts on the company’s behalf. Some newly incorporated companies may qualify for simplified reporting as micro-entities or small companies, provided they meet the eligibility requirements for the relevant accounting period. Micro-entity status is not automatic, and a company with modest activity does not necessarily qualify. Where a company does qualify and the micro-entity framework is appropriate, FRS 105 is the financial reporting standard that applies to entities using that framework. The right framework should be confirmed by looking at the company’s circumstances and the requirements in force for that period, not assumed in advance. It is worth keeping three separate compliance threads apart. First-year statutory accounts are the annual accounts delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate filing that keeps the company’s register information at Companies House up to date. Completing the accounts does not automatically settle the Corporation Tax position, the confirmation statement, VAT or any other obligation. Accounting information from the accounts is often used when working out the tax position, but the filings have different purposes and different destinations.

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 Prepared on a Sound Basis

Many directors incorporate a company and only later realise that the first accounting period is already running and that records need to exist to support it. If you are unsure which accounting reference date applies to your company, what the first set of statutory accounts should include, or whether the micro-entity framework is available to you, that uncertainty is better resolved early than discovered at filing time. Micro Entity Accounts provides professional preparation and filing support for first-year accounts, working from the records you hold and explaining each step in plain terms. We can help you pull together the information needed, prepare the accounts for the correct period, and support delivery to Companies House where required, while keeping your separate Corporation Tax and confirmation statement obligations in view. If your company is approaching its first accounts, speaking to us now gives you time to get the records and the framework right.

─── 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. That period normally starts on the incorporation date and ends on the company's first accounting reference date, which Companies House sets when the company is formed. The accounts are prepared from the company's accounting records and typically include a balance sheet, plus a profit and loss account where applicable, along with any disclosures required under the reporting framework that applies to the company.

When are a company's first accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it varies from one company to another. Companies House generally allows a longer period for a first set of accounts than for later years, but the exact date is specific to your company. We check the position for your company and confirm the relevant filing date rather than applying a general assumption, and we would always recommend working to that date well in advance.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period: bank statements and transaction listings, sales and income records, purchase invoices, expense receipts, details of any assets bought, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, the related records are also relevant. If your company was quiet during the period, we still look at what records exist so the accounts reflect the actual position.

Does a new limited company in Woodmansterne have to file accounts with Companies House even if it has not traded?

Statutory accounts filing obligations can still apply where a company has been incorporated but has had limited activity or has not yet begun trading. Whether the company should be treated as dormant for Companies House purposes depends on its specific circumstances and the applicable rules, so it is not something to assume either way. Filing the accounts, where required, is also separate from any Corporation Tax reporting position the company may have with HMRC.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Company Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The two serve different purposes and go to different bodies, and filing one does not complete the other. It is also possible for the company's first Corporation Tax accounting period to differ from its statutory accounts period, which is why the dates are worth checking carefully.

Can a newly incorporated company qualify for micro-entity accounts?

Some new companies may qualify for the micro-entity reporting framework, but it is not automatic and low turnover on its own does not guarantee eligibility. Qualification depends on meeting the applicable conditions for the accounting period in question. Where a company does qualify, FRS 105 is the standard applying to entities using the micro-entity framework. We review the position for the specific period rather than assuming a framework applies.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that confirms the company's information held at Companies House, such as directors, registered office and share capital, is up to date. Filing first-year accounts does not satisfy that requirement, and filing a confirmation statement does not satisfy the accounts requirement. A newly incorporated company may need to deal with both during its first year of operation.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House can apply late filing consequences, which may include a penalty. The level of any penalty depends on how late the accounts are and on the company's circumstances, and paying a penalty does not remove the need to file the outstanding accounts. Whether an appeal is possible also depends on the facts and the applicable rules. If your first accounts are overdue, we can help you prepare and file them and get the position back on track.