─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Woodstock, Prepared and Filed With Confidence

Your company’s first statutory accounts set the tone for everything that follows, and for a newly incorporated business in Woodstock they can raise questions that simply do not come up later on. Micro Entity Accounts works with directors of new and newly trading limited companies to pull together the figures from the first accounting period, prepare a compliant set of first year statutory accounts, and deliver them to Companies House where required. We start by reviewing the accounting records you hold, confirm the accounting reference date and the period the accounts need to cover, and explain what each document is actually for. Where a company also has Corporation Tax obligations, we will make the distinction clear: a CT600 is submitted to HMRC and is a separate filing with a separate purpose, even though the figures behind it may come from the same underlying records. Clear pricing and straightforward explanations are part of how we work.

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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 first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional and they are not something that can be set aside because the company is new. From the moment a company is incorporated, it has a reporting obligation, and that first accounting period normally runs from the incorporation date to the company’s first accounting reference date — although Companies House rules mean the first period can be treated slightly differently from later ones. The exact dates depend on the incorporation date and the accounting reference date recorded at Companies House, so they are worth checking rather than assuming. The accounts themselves typically include a balance sheet, and a profit and loss account where applicable, alongside notes and the directors’ responsibilities that support them. Once complete, first year statutory accounts are generally filed with Companies House where required. Some companies use the micro-entity framework, which is a simplified reporting option available to entities that meet the relevant eligibility criteria for the accounting period, with FRS 105 being the standard that applies to qualifying micro-entities. Eligibility is not automatic — a company with low activity does not necessarily qualify, and a newly incorporated company is not automatically a micro-entity. It is worth keeping three obligations clearly separate. Statutory accounts go to Companies House. A Corporation Tax Return, such as a CT600, goes to HMRC and is a different filing with a different destination, even where the same accounting information feeds into both. The first Corporation Tax accounting period does not always line up exactly with the statutory accounts period, so the two should be considered side by side rather than treated as one exercise. A confirmation statement is separate again: it confirms the company’s registered details and does not replace the accounts. Directors in Woodstock remain responsible for making sure these obligations are met, even when an accountant has been engaged to prepare and file the paperwork.

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 Statutory Accounts Prepared Properly

The first set of accounts is the one most directors have never dealt with before, which is exactly why it is easy to put off until the deadline starts to feel close. Perhaps you are unsure whether your accounting records are complete enough to hand over, whether the reporting period you have assumed is correct, or whether your company meets the criteria for micro-entity reporting at all. Micro Entity Accounts can review what you hold, explain what is still needed, prepare the statutory accounts for the period, and handle the Companies House filing where required — with clear pricing and no jargon. If your company also has Corporation Tax responsibilities, we can point out how those fit alongside the accounts without blending the two together. Speaking to someone early gives you time to sort out the details calmly rather than in a hurry, so get in touch before the filing date creeps up.

─── 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 exactly are first year accounts for a limited company?

They are the first annual statutory accounts prepared for a company's initial accounting period, normally beginning on the date of incorporation. They generally consist of a balance sheet, a profit and loss account where applicable, supporting notes and the directors' responsibilities that accompany the accounts. Once prepared, they are typically filed with Companies House where required.

When are first accounts due?

There is no single answer that applies to every company. The due date depends on the incorporation date, the accounting reference date and the applicable Companies House requirements, and a company's first accounting period can be treated differently from its later ones. Rather than relying on a rule of thumb, it is safer to confirm the specific deadline that applies to your company and work back from there.

What information is needed to prepare first year accounts?

It usually starts with the company's accounting records: bank transactions, sales and income records, business expenses and purchase invoices, any asset purchases, director transactions, share capital details and any loans or finance arrangements. Payroll records may be relevant where the company has run a payroll, and VAT records where the company is registered. Not every company will have all of these, and the list is shaped by what the business has actually done during the period.

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

In most cases yes, statutory accounts need to be delivered to Companies House where required, even if trading has been limited. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Directors in Woodstock should check the position for their own company rather than assume nothing is due.

Are first year accounts the same as a CT600?

No. Statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The two are separate compliance matters with separate destinations, even though the accounting information behind them may overlap. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not satisfy the accounts filing requirement.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies can, but it is not automatic and it does not follow simply from having low turnover or being recently formed. Eligibility depends on the applicable criteria for the relevant accounting period, and where a company does qualify, FRS 105 is the financial reporting standard used under the micro-entity framework. We assess the framework that suits your company's circumstances before any figures are finalised.

Do first year accounts affect the confirmation statement?

They are separate obligations. A confirmation statement confirms the company's registered information at Companies House and does not replace the statutory accounts, and filing accounts does not take the place of a confirmation statement. A company may still need to submit one and keep its Companies House details up to date.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and these are not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is worth getting them prepared and filed as soon as possible and seeking professional advice on the position.