─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ashton-under-Lyne, Prepared and Filed with Professional Support

A newly incorporated company has statutory accounts obligations to deal with, and the first set is often the one directors find least familiar. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Ashton-under-Lyne to prepare first-year statutory accounts from accurate accounting records, review the figures before anything is finalised, and deliver the accounts to Companies House where required. Because the first accounting period runs from the incorporation date to the company’s first accounting reference date, it can be longer than the twelve months directors usually expect, so it is worth understanding early what needs to be reported and when. Where a Corporation Tax Return such as a CT600 is also due, that is a separate submission made to HMRC and is not covered by filing accounts at Companies House.

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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 Limited Company Qualify?

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. From incorporation, a company has reporting obligations, and the first accounts normally cover the period running from the incorporation date to the company’s first accounting reference date. Depending on when incorporation took place, that opening period can be longer than twelve months, which is one of the reasons first-year accounts need more planning than a routine annual set. Statutory accounts usually include a balance sheet and, where the applicable reporting framework and the company’s circumstances require it, a profit and loss account together with supporting notes. Company directors remain responsible for making sure the accounts are prepared in line with the correct framework and that adequate accounting records have been kept. Those records typically include bank transactions, sales and income records, purchase invoices and business expenses, asset purchases, director transactions, share capital information, loans and finance, and payroll or VAT records where the company has them. Not every company will hold all of these, and a company with limited activity will have a much shorter set of records to work from. Some companies may qualify for the micro-entity accounting framework, which uses a simplified format and is supported by FRS 105, the financial reporting standard applicable to qualifying entities preparing micro-entity accounts. Eligibility is not automatic. It depends on the applicable thresholds and requirements for the relevant accounting period, so a newly incorporated company should not assume it can report as a micro-entity or as a small company without checking. Where the micro-entity framework does not fit, a small-company or another framework may be appropriate instead. Once prepared, first-year statutory accounts are generally filed with Companies House where required. This is a separate matter from the company’s Corporation Tax position. A limited company may also need to prepare and submit a Corporation Tax Return such as a CT600 to HMRC, and its first Corporation Tax accounting period does not always match the statutory accounts period. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing. A confirmation statement is a further separate requirement. It keeps Companies House informed about matters such as officers, the registered office and the share structure, and filing first-year accounts does not replace it. Directors of newly incorporated companies in Ashton-under-Lyne often find it helpful to keep these obligations clearly separated and dealt with in the right order.

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 Prepared on a Proper Footing

The first set of statutory accounts tends to raise more questions than later years. How long does the opening accounting period actually run? Which records need to be pulled together? Does the applicable reporting framework allow a simplified format, or does the company need something fuller? Newly incorporated directors across Ashton-under-Lyne ask us these questions regularly, and the answers depend on the company’s own circumstances rather than a one-size-fits-all rule. Micro Entity Accounts can assist with preparing first-year statutory accounts, reviewing the accounting records behind them and filing with Companies House where required, while being clear about where a separate Corporation Tax Return or confirmation statement also applies. If you would rather start from an accurately prepared position than work backwards from an overdue filing, professional support with your first-year accounts is a sensible first step.

─── 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 for its initial accounting period. That period generally begins on the incorporation date and ends on the company's first accounting reference date. The accounts normally include a balance sheet and, where the applicable reporting framework and your circumstances require it, a profit and loss account and supporting notes. They are a statutory requirement rather than an optional exercise, even where the company is new.

When are my company's first accounts due?

It depends on your incorporation date and the accounting reference date Companies House has recorded for the company. The first accounting period is often longer than the twelve months directors assume, and the filing deadline is generally measured from the accounting reference date rather than from the date the accounts are prepared. Because incorporation dates vary, not every company has the same first-year deadline, so it is worth confirming your own position rather than relying on a general rule of thumb.

What information is needed to prepare first-year accounts?

It varies with what the company has actually done, but commonly includes bank statements and transactions, sales invoices and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements, and payroll or VAT records where the company has registered for those. If the company has had minimal activity, you would still provide records of whatever has taken place along with the incorporation documents. We can confirm what is relevant once we understand your circumstances.

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

Generally yes, where the company is required to file statutory accounts. Being recently incorporated does not remove that obligation, and it does not disappear because the company has not started trading or has had limited activity. Where there have been no significant accounting transactions, the correct reporting position depends on the company's circumstances and the applicable rules rather than being automatically treated as dormant, so it is worth checking before assuming nothing needs to be filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are 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 may be used when preparing the company's Corporation Tax position, but the two filings serve different purposes and go to different places. The company's first Corporation Tax accounting period may also differ from its statutory accounts period, which is one reason the two are handled separately.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, but eligibility is not automatic and should not be assumed simply because the company is new or small. It depends on the applicable requirements for the relevant accounting period. Where the micro-entity framework applies, FRS 105 is the financial reporting standard used by qualifying entities preparing micro-entity accounts. If it does not apply, a small-company or other framework may be more appropriate, and we can help you determine which fits.

Do first-year accounts replace the confirmation statement?

No, they are separate filings with different purposes. A confirmation statement keeps Companies House up to date on matters such as directors, the registered office and the share structure, while first-year accounts deal with the company's financial reporting for the period. A company may need to submit both, so filing one does not discharge the other. Directors in Ashton-under-Lyne should keep track of each obligation independently.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the fact that a filing is late does not remove the requirement to file it. The outcome depends on how late the accounts are and the company's filing history, so we would not assume every case is treated the same. Where a penalty appeal is being considered, eligibility depends on the circumstances and the applicable rules. Preparing and filing the outstanding accounts promptly is usually the practical priority.