─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Appleby In Westmorland

Your company’s first accounting period comes with its own set of reporting decisions, and getting them right early makes everything that follows simpler. Micro Entity Accounts prepares First Year Accounts for Limited Company clients in Appleby In Westmorland, working from your accounting records to build a set of statutory accounts that reflects what has actually happened in the business since incorporation. We review bank transactions, income and expense records, asset purchases, director transactions and share capital details, then prepare a balance sheet with a profit and loss account where applicable and file the accounts with Companies House where required. We will also explain how the first accounting period has been set, which reporting framework is likely to suit your company, and where Corporation Tax sits in the picture. A CT600 and any related Corporation Tax work are submitted to HMRC separately from the Companies House accounts filing, and a confirmation statement remains a separate obligation again.

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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 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      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 .

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 Does Your New Company Qualify?

First year accounts are the first set of statutory accounts that a limited company prepares for its initial accounting period. They cover the period from incorporation, or from the point at which the company began its activities, through to the company’s first accounting reference date. Companies House sets an accounting reference date when a company is incorporated, and the length of that first period can vary from company to company, which is why two businesses incorporated in the same month in Appleby In Westmorland may not face identical reporting dates. The accounts themselves typically include a balance sheet showing assets, liabilities and shareholders’ funds, along with a profit and loss account where the applicable framework requires one, and they are delivered to Companies House where required. Directors remain responsible for keeping adequate accounting records and for ensuring the filing obligations are met, even when an accountant handles the preparation and submission. It helps to separate the different obligations clearly. The statutory accounts go to Companies House. A Corporation Tax Return, such as a CT600, goes to HMRC and answers a different question about the company’s taxable position, and the company’s first Corporation Tax accounting period does not always line up exactly with the period covered by the statutory accounts. A confirmation statement is separate again, and filing the accounts does not remove the need to keep Companies House information up to date. On the reporting framework, some smaller companies are eligible to prepare accounts under the micro-entity framework, using FRS 105 where the eligibility conditions for the relevant period are met. That eligibility is not automatic for every newly incorporated company and does not follow from a low level of activity on its own, so the appropriate framework is confirmed by looking at the company’s circumstances and the requirements that apply to that accounting period. Where a company does qualify, micro-entity reporting can keep the accounts shorter and more straightforward, but the decision is made on the facts rather than by default.

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 Before the Filing Date Arrives

Most directors of newly incorporated companies run into the same question at roughly the same point: the first accounting period is nearly over, the records are a mixture of bank statements, invoices and a spreadsheet, and nobody is quite sure which figures belong in the accounts or which reporting framework the company should be using. Micro Entity Accounts works with limited companies in Appleby In Westmorland to take that uncertainty off your desk, preparing first-year statutory accounts from your records, explaining the position in plain terms and filing with Companies House where required. If you would rather understand your first-year position before the deadline is pressing, send us your details and we will tell you what is needed to get started.

─── 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 a company prepares for its initial accounting period, covering the period from incorporation through to the first accounting reference date. They usually include a balance sheet, plus a profit and loss account where the applicable framework calls for one. These accounts are a Companies House filing where required and are distinct from the company's Corporation Tax Return, its confirmation statement and any VAT returns.

When are the first accounts for a new company due?

It depends on your incorporation date and the accounting reference date that Companies House set when the company was registered. The first accounts deadline is calculated differently from the deadline that applies in later years, and the period covered can be longer or shorter than twelve months. The safest approach is to confirm the position for your own company rather than assume it matches another business, and we can work through the dates with you.

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

Generally we need your bank transactions and statements for the period, details of any sales or other income, business expense records and purchase invoices, information on asset purchases, any director loan or capital introduced and withdrawn, share capital details, and any loans or finance arrangements. If the company has run payroll or is VAT registered, the relevant records help too. Not every company will have all of these, so we will tell you what is actually relevant to your circumstances.

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

In most cases, yes — a company that is required to file statutory accounts must deliver them to Companies House, and that obligation does not disappear simply because trading has been limited. Filing the accounts is also not the same as filing a confirmation statement, which is a separate submission, and it does not automatically deal with a Corporation Tax Return. If you are unsure whether your company falls within a filing requirement, it is worth checking rather than assuming.

Do first-year accounts need to be filed if the company has not started trading?

A company may still have statutory filing obligations even where activity has been minimal or trading has not yet begun, so incorporation alone does not remove the requirement. Whether the company is genuinely dormant for the period is a separate question that depends on its circumstances and the applicable rules, and it needs to be considered rather than assumed. It is worth getting this confirmed early, because the answer affects what needs to be prepared and filed.

Are first-year accounts the same as a CT600?

No. The statutory accounts go to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable, and the two serve different purposes. Figures from the accounts are often used when working out the company's Corporation Tax position, but filing one does not complete the other. The company's first Corporation Tax accounting period may also differ from the period covered by the statutory accounts.

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

Some companies do qualify for the micro-entity framework, and where they do, FRS 105 is the reporting standard that applies to qualifying entities using it. Eligibility depends on the applicable thresholds and conditions for the relevant accounting period, so a new company does not automatically qualify and a quiet first year does not guarantee it either. We check the criteria against your company's position before deciding which framework to use.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can result in consequences from Companies House, and those consequences are not necessarily the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts, so the accounts still need to be prepared and delivered. If you are already behind, we can help you get the position back on track and explain the appeal process where it may be available for your circumstances.