─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wootton — Prepared, Checked and Filed with Professional Support

If you have recently incorporated a company in Wootton, your first set of statutory accounts is one of the earliest compliance milestones you will face. First Year Accounts for Limited Company work at Micro Entity Accounts covers preparing your opening statutory accounts from the accounting records you hold, reviewing share capital, director transactions and expenses, and delivering the accounts to Companies House where required. We also help you understand how the first accounting period is set by your incorporation date and accounting reference date, and how that period can differ from your first Corporation Tax accounting period. Where a CT600 is needed, this is a separate submission made to HMRC and is not covered by filing accounts at Companies House. Whether you have been trading steadily or have had a quiet start, we can help you get the figures right and the filing obligations clear.

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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?

First year accounts are the initial set of annual statutory accounts a limited company prepares for its first accounting period. They are not optional simply because the company is new. Once a company is incorporated, it has an accounting reference date, and that date shapes the first accounting period and the deadline for delivering accounts to Companies House. The first period often runs from the incorporation date to the first accounting reference date, and because Companies House treats the opening period differently, the length of that first period can vary from company to company. That is why it is worth confirming your own dates rather than assuming they match another director’s. The accounts themselves normally include a balance sheet, and where the applicable framework requires it, a profit and loss account, along with notes and a directors’ report where relevant. For a company in Wootton that meets the eligibility conditions, the micro-entity framework — and FRS 105, the financial reporting standard that applies to qualifying micro-entities — may allow a simpler set of accounts. Eligibility depends on the company’s size and circumstances for the relevant period, so it should be checked rather than assumed. A newly incorporated company is not automatically a micro-entity, and not every small company uses the same reporting framework. It also helps to separate the filings. Statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, goes to HMRC and is a separate obligation, even though the figures in the accounts may inform it. A confirmation statement is a further separate filing that keeps the public register up to date, and it is not replaced by filing accounts. Keeping these obligations distinct from the outset makes the first year far easier to manage.

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 Properly from the Start

The most common worry for a newly incorporated director in Wootton is not knowing whether the records are complete, which reporting framework applies, or what actually has to go to Companies House in the first period. Micro Entity Accounts can take that uncertainty off your desk: we review your accounting records, prepare the statutory accounts, explain what the figures mean, and support the filing of those accounts with Companies House where required. We will also flag where a separate Corporation Tax Return or confirmation statement may be needed, so nothing is overlooked. If your first year is approaching, or you are unsure what your first accounting period covers, speak to us and get the accounts handled by people who deal with newly incorporated companies every day.

─── 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 the period from incorporation (or from the start of the accounting period) up to its first accounting reference date. They normally include a balance sheet and, depending on the reporting framework that applies, a profit and loss account, notes and any required directors' report. They are a statutory requirement rather than an optional extra for a new company.

When are first accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, and Companies House applies specific rules to the first period. That means two new companies can have different first deadlines. The best approach is to confirm your own accounting reference date and period length rather than relying on a general rule of thumb. We can review your dates with you and set out what applies to your company in Wootton.

What information is needed to prepare first year accounts?

Usually bank transactions and statements, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director loans or transactions, and any loans or finance agreements. If the company runs payroll or is VAT registered, those records are relevant too. Not every company will have all of these, so we work from what genuinely applies to your circumstances.

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

Yes, in most cases a company must deliver statutory accounts to Companies House for its first accounting period, even if trading has been limited. There are exceptions and specific situations, including dormant companies, where the reporting position depends on the facts. Filing accounts with Companies House is not the same as submitting a Corporation Tax Return to HMRC, which is a separate requirement where it applies.

Are first year accounts different from annual accounts?

They follow the same principles but the first set covers the company's opening period, which may be longer or shorter than twelve months depending on the accounting reference date. Later years normally cover a standard twelve-month period. The content and filing destination are broadly the same, but the first period often needs a little more care around dates and comparative figures.

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

A company can still have statutory filing obligations even where there has been little or no activity. Whether it is treated as dormant for filing purposes depends on its specific circumstances and the applicable rules, so this should not be assumed either way. If your company has had no significant transactions, it is worth reviewing the position before deciding what to file.

Are first year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a CT600 Corporation Tax Return is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts often inform the tax return, but they are separate filings with separate purposes and destinations. Completing one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some newly incorporated companies do qualify for the micro-entity framework, which uses FRS 105 and permits simplified accounts. Eligibility depends on meeting the applicable conditions for the relevant accounting period, so it is not automatic for every new company or every company with low turnover. For directors in Wootton, we check eligibility as part of preparing the accounts and use the framework that fits your circumstances.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If your accounts are already overdue, we can help you get them prepared and filed and explain the options available.