─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ardross — Prepared, Reviewed and Filed With Professional Support

Your company’s first set of statutory accounts is one of the earliest compliance milestones after incorporation, and it deserves to be handled properly from the outset. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Ardross with the preparation of their first-year statutory accounts, a careful review of the underlying accounting records, and delivery of the accounts to Companies House where required. We start by confirming the company’s accounting reference date and first accounting period, then work through the figures — bank transactions, income, expenses, asset purchases and director transactions — so the balance sheet and profit and loss account reflect what has actually happened in the business. Where a company’s circumstances allow, we consider whether the micro-entity or small-company reporting framework is appropriate for the period in question. It is worth remembering that a Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where applicable, and is not the same thing as filing accounts with Companies House. Whether your company has traded throughout the period, traded for part of it, or has had limited activity, we can explain what is required and help you meet it.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 How Do They Apply to a New Limited Company?

First year accounts are the initial set of annual statutory accounts that a limited company prepares for its first accounting period. They are not optional and they are not simply a formality of incorporation — they are the company’s formal reporting of its financial position and performance for that period, and they are generally filed with Companies House where required. The first accounting period normally runs from the company’s incorporation date to its first accounting reference date, which means it does not always line up neatly with a standard twelve-month window. Because of that, two companies incorporated in the same month in Ardross can end up with different reporting periods and different filing obligations. Directors should check the specific dates that apply to their company rather than assuming a particular deadline. A company that meets the applicable eligibility conditions for the period may be able to use the micro-entity accounting framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is not automatic, and it is not determined by incorporation date or by having a small number of transactions; it depends on the company’s circumstances and the thresholds in force for the relevant accounting period. Some companies instead fall within the small-company regime, and others prepare accounts under a fuller framework. It is also important to keep three separate obligations apart. First-year statutory accounts are delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the two filings serve different purposes even though they draw on the same underlying accounting information. A confirmation statement is a further, separate filing that keeps the company’s register information up to date. Dealing with one does not satisfy the others.

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 Ardross Prepared Accurately

If you are unsure what your company’s first accounting period covers, which records you need to pull together, or whether a simplified reporting framework is available to you, you are not alone — it is one of the most common concerns raised by directors shortly after incorporation. Micro Entity Accounts can help you work through those questions, prepare the first-year accounts from your accounting records, and support the filing with Companies House where required. You keep responsibility for the accuracy of the information and for the company’s wider statutory obligations, but you do not have to interpret the requirements on your own. Speak to us about your company’s position and get the first set of accounts dealt with properly.

─── 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 limited company prepares, covering its initial accounting period from incorporation through to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account prepared under the reporting framework that fits the company's circumstances, and they are generally filed with Companies House where required.

When are first accounts for a new limited company due?

It depends on the company's incorporation date and its accounting reference date, so there is no single answer that applies to every new company. Companies House sets the filing deadline by reference to those dates, and the deadline for a first set of accounts is not always calculated in the same way as it is for later years. Directors in Ardross should confirm the dates that apply to their own company rather than assuming a twelve-month cycle.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period: bank statements and transactions, sales or income records, purchase invoices and business expenses, details of any assets bought, share capital information, any loans or finance arrangements, and records of transactions with directors. Where the company operates payroll or is VAT registered, those records are relevant too. Not every company will have all of these, and we can confirm what is needed once we understand the activity in the period.

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

In most cases yes, even where the company has had limited activity or has not yet started trading. A very new company may have a reporting position that differs from the norm, but that depends on its specific circumstances and the applicable rules rather than being assumed. Filing accounts with Companies House is also separate from submitting a Corporation Tax Return to HMRC, and from keeping the company's register information current.

Are first-year accounts different from annual accounts?

They follow the same broad purpose, but the first set covers the company's initial period, which may not be a neat twelve months. From the second year onwards, accounting periods usually run on a more standard cycle. The first year is also where the accounting reference date is effectively fixed for future filings, which is why getting it right early matters.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the members and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations, and it is a separate filing with a separate destination. The figures in the accounts often inform the Corporation Tax position, but filing 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 new limited company qualify for micro-entity accounts?

It may, but qualification is not automatic for newly incorporated companies or for startups. The micro-entity framework applies only where the company meets the eligibility conditions for the relevant accounting period, and those conditions need to be checked rather than presumed. Where a company does not qualify, another framework such as the small-company regime may be appropriate instead.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences can 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 accounts are already overdue, it is usually best to deal with the position promptly and, where relevant, to look at whether an appeal is available under the applicable rules.

Do first-year accounts replace a confirmation statement?

No. They are separate obligations. Filing statutory accounts does not satisfy the requirement to keep the company's register information up to date, and a company may still need to submit a confirmation statement in the normal way. Directors in Ardross should treat accounts, confirmation statements, and any Corporation Tax or VAT filings as distinct tasks, each with its own purpose.