─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wymondham — Professional Preparation and Filing Support

The first set of statutory accounts is often the point at which a new limited company director has the most questions. A company incorporated in Wymondham has accounts obligations that begin with its very first accounting period, whether trading started on day one, began months later, or has so far been limited. Micro Entity Accounts supports directors with the practical side of first-year accounts: checking that the accounting records are complete, preparing the statutory accounts in the correct format, and delivering them to Companies House where required. Where a Corporation Tax Return such as a CT600 is also due, that is a separate submission made to HMRC and is handled as a distinct piece of work. Transparent fees, a clear explanation of the reporting framework that applies to your company, and a straightforward process from start to finish.

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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 How Do They Apply to New Limited Companies in Wymondham?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is newly incorporated, and the obligation does not disappear if the company has traded only lightly. Once a company is incorporated, it has an accounting reference date, and that date determines the period the first accounts cover. Broadly speaking, the first accounting period starts on the date of incorporation and runs to the company’s first accounting reference date. That first accounting reference date is generally linked to the anniversary of incorporation, although the date recorded for the company at Companies House is the one that governs. Because incorporation dates differ, two newly formed companies can have different first accounting periods — and therefore different expectations around when preparation should begin. The accounts usually include a balance sheet and, where applicable, a profit and loss account, together with any notes the relevant reporting framework requires. A company that meets the applicable eligibility requirements may be able to prepare accounts under the micro-entity framework, which uses the financial reporting standard FRS 105. Other companies may fall within the small company regime or need to report under a fuller framework. Eligibility is not automatic, is not determined by being newly incorporated, and depends on the company’s circumstances for the accounting period in question. Low turnover alone does not guarantee micro-entity status. First-year statutory accounts are generally filed with Companies House where required. That filing is separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and separate again from a confirmation statement, which updates the public register rather than reporting financial results. It is also distinct from bookkeeping, which is the ongoing recording of transactions that underpins the accounts. Filing one of these does not complete the others, and a company may need to manage several obligations alongside each other. Directors also remain responsible for the company’s compliance, even where an accountant prepares and files the accounts on the company’s behalf.

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 Wymondham Prepared Properly

If you are unsure what your first set of statutory accounts should include, which reporting framework applies to your company, or what Companies House actually expects from a newly incorporated business, you are not alone — these are the questions directors in Wymondham ask most often in their first year. Micro Entity Accounts can help you work through the detail, from confirming that your accounting records are complete enough to prepare a reliable balance sheet, to preparing and filing the first-year statutory accounts where required. We will also point out the separate obligations that often sit alongside them, such as a Corporation Tax Return or a confirmation statement, so they are not overlooked. Speak to us about your company’s first accounting period and get the year closed off on a sound footing.

─── 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 accounts your company prepares, covering its initial accounting period from the date of incorporation to its first accounting reference date. The accounts are prepared under the Companies Act reporting framework that applies to your company and are generally delivered to Companies House where required. They typically include a balance sheet and, where applicable, a profit and loss account with supporting notes.

When are first accounts due for a new company?

The due date depends on your company's incorporation date and its accounting reference date, and first accounts are treated differently from later years because the first period can be longer than twelve months. The most reliable starting point is the company's own record at Companies House, which shows the accounting reference date and the filing deadline recorded for your company. We can review those dates with you and plan the preparation work backwards from them.

What information is needed to prepare first-year accounts?

It depends on what the company has done. Common requirements include bank statements and transaction records, sales invoices or income records, purchase invoices and receipts for business expenses, details of any assets bought, director loan movements, share capital information, and any loans or finance agreements. Where the company runs payroll or is registered for VAT, those records are relevant too. If activity has been minimal, the records needed will be correspondingly lighter — but they still need to be accurate and complete for the period.

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

In general, yes. Incorporation brings a set of statutory obligations, including the preparation and filing of annual accounts, and this applies even where the company has had limited activity or has not yet begun trading. Where there have been no significant accounting transactions, the reporting position depends on the company's specific circumstances and the applicable rules — it is not automatically the same as being dormant, and dormant companies may still have filings to make. It is worth taking advice rather than assuming no action is needed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and 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 often inform the tax return, but the two documents have different purposes, different formats and different destinations. Filing your accounts does not submit a CT600, and filing a CT600 does not complete your Companies House accounts filing. A company's first Corporation Tax accounting period can also differ from its statutory accounts period, particularly where trading started after incorporation.

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

It may be able to, but qualification is not automatic and does not follow simply from being new or from having modest turnover. A company needs to meet the eligibility conditions that apply for the relevant accounting period, and those conditions can change as the business grows. Where a company does qualify, its accounts can be prepared under the micro-entity framework using FRS 105. Directors in Wymondham sometimes assume micro-entity treatment applies by default, so it is worth confirming the position before the accounts are drafted.

Do first-year accounts replace the confirmation statement?

No, they are separate filings with different purposes. The accounts report the company's financial position for the accounting period, while the confirmation statement confirms that the information held on the public register — such as directors, registered office and share capital — remains correct. A company may need to submit a confirmation statement in the same period as its first accounts, and filing one does not satisfy the other.

What happens if first-year accounts are filed late?

Missing the applicable filing deadline can lead to consequences from Companies House, and the outcome generally depends on how late the accounts are. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is always to complete and submit them. Where a company believes there was a valid reason for the delay, it may be possible to appeal depending on the circumstances and the applicable rules. If you are concerned that a deadline is approaching or has passed, it is worth getting in touch early.