─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in York: Professional Preparation and Companies House Filing Support

Your first set of statutory accounts is a milestone for any newly incorporated company, and getting the foundations right makes later filings considerably easier. Micro Entity Accounts prepares First Year Accounts for Limited Company directors in York, beginning with a careful review of the accounting records the company holds and then building the statutory accounts — including a balance sheet, and a profit and loss account where applicable — for the company’s first accounting period. Once the figures are agreed, we can file the accounts with Companies House where required, and explain the reporting framework that applies to the company based on its circumstances. Where Corporation Tax also applies, we can help you see how the CT600 sits alongside the accounts, remembering that a Corporation Tax Return is prepared and submitted separately to HMRC.

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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 When Does the Micro-Entity Framework Apply?

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 new. When a company is incorporated, Companies House sets an accounting reference date for it, and the first accounting period generally runs from the date of incorporation to that first accounting reference date. From there, subsequent accounting periods tend to follow on annually, although the first period is often longer or shorter than twelve months and the applicable filing arrangements reflect that. Because the first period is calculated by reference to the incorporation date, the accounting reference date and the resulting filing requirements can differ from one company to another — two companies incorporated in the same month may not share the same first-year position. The purpose of first-year statutory accounts is to present the company’s financial position and performance for that first period in the format required by company law. A typical set includes a balance sheet, and a profit and loss account where applicable, together with the supporting notes and statements required by the relevant reporting framework. The directors remain responsible for ensuring the company meets its statutory obligations, and for confirming that the accounts give a proper picture of the company’s affairs, even when an accountant has been engaged to prepare and file them. Where Companies House filing fits in Statutory accounts are generally delivered to Companies House where required. Companies House is the registry that receives and holds the filings; it does not prepare the accounts, and it does not assess whether an accountant has been involved in preparing them. Filing the accounts also does not, by itself, complete the company’s other compliance obligations, so it is worth keeping the wider picture in view. Micro-entity reporting and FRS 105 A limited company may be able to prepare accounts under the micro-entity framework if it meets the eligibility requirements that apply in company law for the relevant accounting period, and FRS 105 is the financial reporting standard used by qualifying entities that report under that framework. Eligibility is based on the company’s circumstances and the applicable criteria, so it is not automatic. Some companies instead fall within the small-company regime and report under a different standard, and others need full accounts. The right framework is a decision to be made for each company and each accounting period rather than assumed at incorporation. How this differs from Corporation Tax and confirmation statements First-year statutory accounts, a Corporation Tax Return such as a CT600, and a confirmation statement are three separate things. Statutory accounts are prepared for the company and filed with Companies House where required. A CT600 is submitted to HMRC where the company has Corporation Tax obligations, and the accounting information from the accounts may be used when working out the company’s tax position, but the two filings have different purposes and different destinations. A company’s first Corporation Tax accounting period is not necessarily identical to its statutory accounts period. A confirmation statement is separate again: it confirms that the information Companies House holds about the company is up to date and does not replace the accounts.

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 York Prepared Accurately

If your company has recently been incorporated, the first accounts filing can feel like a task with unclear edges — you may be unsure which accounting period applies, what records need to be pulled together, or how the Companies House filing sits alongside anything owed to HMRC. Micro Entity Accounts works with directors of newly incorporated and newly trading companies in York to prepare first-year statutory accounts from the records available, review the figures with you, and handle the Companies House filing where required, using the reporting framework that suits the company. If you would rather have your first set of accounts prepared properly from the outset than correct problems later, it is worth speaking to us before the filing date approaches.

─── 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 a company prepares after incorporation, covering its initial accounting period. The period usually starts on the date of incorporation and ends on the company's first accounting reference date, which Companies House sets when the company is registered. The accounts normally include a balance sheet, and a profit and loss account where applicable, along with any notes and statements required by the reporting framework the company uses. They are a legal requirement for the company, not an optional exercise for a business that has just started out.

When do first-year accounts need to be filed?

The filing date depends on the company's accounting reference date and the rules that apply to a first accounting period, which can differ from the deadlines that apply in later years. Because the first period is calculated from the incorporation date, companies incorporated at different times will not share the same deadline. We can confirm the relevant date for your company based on its own records, and it is sensible to check the position well before the filing date rather than assume the first year follows the same pattern as the years after it.

What information do I need to prepare first-year accounts?

It depends on what the company has actually done since incorporation. Typically we look at bank transactions and bank statements, sales or income records, business expenses and purchase invoices, asset purchases, director transactions such as expenses paid personally or money introduced, share capital information, any loans or finance arrangements, and payroll or VAT records where those apply. A company with very little activity will have far fewer records than one that has been trading throughout the period, and we work with whatever is relevant to your circumstances.

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

In most cases, yes. A limited company is generally required to prepare and deliver statutory accounts to Companies House where required, and that obligation does not disappear simply because the company is new, has traded only briefly or has not yet started trading. Companies House receives the filing but does not prepare the accounts or verify how they were produced. If you are unsure whether your company's first accounts need to be filed, or whether a different reporting position applies, it is worth checking before the relevant date passes.

Do I still need first-year accounts if the company has not traded?

A company can still have statutory filing obligations even where it has seen limited activity or has not yet commenced trading, and the correct reporting position depends on the specific circumstances and the applicable rules. A company with no significant accounting transactions is not automatically described as dormant — dormancy has its own conditions and consequences. Rather than assume the accounts are unnecessary, it is better to review the company's position and confirm what needs to be prepared and filed.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often feed into the tax computation, but the two filings are made to different bodies for different purposes, and completing 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 something we look at when preparing the accounts.

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

It can, but not automatically. Micro-entity status depends on meeting the eligibility criteria set out in company law for the relevant accounting period, and eligibility is assessed against the company's own circumstances rather than its age. Companies that qualify may prepare accounts under the micro-entity framework using FRS 105, while others fall within the small-company regime or need to prepare accounts on a fuller basis. We review the position for each company and each period rather than assuming a particular framework applies.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House can apply consequences for late filing, and the outcome depends on how late the filing is and the circumstances involved. Paying any penalty that arises does not remove the need to file the outstanding accounts. Where a penalty has been issued, whether an appeal is possible depends on the reasons for the delay and the applicable rules, so it is worth taking advice quickly rather than waiting. Directors in York who are concerned about an overdue first-year filing can contact us to discuss preparing and submitting the accounts as soon as possible.