─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ayr — Prepared, Reviewed and Filed

A company’s first set of statutory accounts sets the pattern for every filing that follows, so it is worth getting the numbers right at the outset rather than repairing them later. We help newly incorporated and newly trading limited companies in Ayr prepare their first year accounts, check that the underlying accounting records actually support the figures, and deal with delivery to Companies House where that is required. Corporation Tax sits separately from this — a CT600 is submitted to HMRC, while statutory accounts go to Companies House — and we can explain clearly where each obligation falls for your company. Whether you have barely started trading or already have a full year of transactions behind you, the aim is the same: accurate first-year accounts, prepared properly and explained in plain English.

🔥 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

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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 Ayr Company Qualify?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are a legal requirement for companies that are within scope of the accounts filing regime — being recently incorporated does not make them optional, and neither does a quiet first few months of trading. The accounts are prepared from the company’s accounting records and, where required, delivered to Companies House. The first accounting period generally begins on the date of incorporation, or from the date the company began trading depending on the circumstances, and it ends on the company’s first accounting reference date. For many companies that opening period is longer than the usual twelve months, which is one reason first year accounts often catch directors by surprise. Later periods normally follow a standard twelve-month cycle, but the first one depends on the incorporation date and the accounting reference date recorded at Companies House. Because of this, it is worth confirming your company’s own dates rather than assuming the pattern used by another business. What the accounts contain depends on the reporting framework that applies. Typically there is a balance sheet showing assets, liabilities and shareholders’ funds, together with a profit and loss account where the applicable framework requires one, plus any notes and a directors’ report where relevant. Directors remain responsible for making sure the accounts are prepared and filed on time, even when an accountant handles the work — professional support means assistance with preparing, reviewing and submitting the information, not a transfer of that responsibility. Some small companies may qualify for simplified reporting under the micro-entity framework, which is normally based on FRS 105, the financial reporting standard applicable to qualifying entities. Qualification is not automatic and is not simply a matter of being newly incorporated or having low turnover. Eligibility depends on meeting the applicable criteria for the relevant accounting period, and a company that qualifies one year may not qualify the next. Where a company does not qualify, small-company or fuller reporting may be appropriate instead. We look at the position for your company and the period in question before deciding which framework to use. It also helps to separate first year accounts from the other filings that sit around them. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a distinct obligation — and the company’s first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is another separate requirement, used to keep Companies House informed about the company’s officers, shareholders and registered details, and filing accounts does not replace it. VAT returns, payroll submissions and bookkeeping records are separate again. Where a company has had little or no activity, its reporting position still depends on its own circumstances and the applicable rules rather than automatically being treated as dormant.

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 Ayr Prepared Correctly

Most directors filing for the first time are unsure about one or two things — which reporting framework fits, exactly what the accounting period covers, or how the Companies House filing sits alongside their Corporation Tax and confirmation statement duties. That uncertainty is entirely normal, and it is far easier to resolve before the filing date than after it. Micro Entity Accounts helps limited companies in Ayr with the preparation, review and filing of first year statutory accounts, working from your records and explaining each step as it comes. If you would like your company’s position reviewed and the accounts handled properly, speak to our team.

─── 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 covering its initial accounting period. The period normally starts on the date of incorporation, or the date the company began trading in some circumstances, and ends on the company's first accounting reference date. The accounts are prepared from the company's accounting records and are delivered to Companies House where required.

When are a company's first accounts due?

It depends on your incorporation date and accounting reference date. The first period is often longer than twelve months, which is why the first filing does not always fit the same pattern as later years. Companies House sets the accounts filing deadline from the accounting reference date, while HMRC sets separate deadlines for Corporation Tax. It is worth checking your company's specific dates rather than relying on a general rule of thumb.

What information is needed to prepare first year accounts in Ayr?

Generally: bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements, and any loans or finance arrangements. Payroll and VAT records are relevant where those registrations apply. Not every company will have all of these, and if records are incomplete we can help work out what is still needed.

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

Where the company is within scope of the filing requirements, yes — and this applies even if trading has been limited or has not yet started. A company with minimal activity may still have statutory filing obligations, although its exact reporting position depends on its circumstances and the applicable rules rather than automatically being treated as dormant.

Are first year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC. The figures in the accounts are often used when preparing the Corporation Tax position, but the two filings have different purposes and go to different places. Completing one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

Can a new limited company qualify for micro-entity accounts?

Some new companies can, but it is not automatic. Eligibility under the micro-entity framework, which is normally based on FRS 105, depends on meeting the applicable criteria for the relevant accounting period. A newly incorporated company with low turnover does not necessarily qualify, and a company that qualifies in one period may not qualify in another. We assess eligibility against your company's circumstances before choosing a framework.

Does filing first year accounts replace the confirmation statement?

No. They are separate requirements. The confirmation statement updates Companies House on matters such as officers, shareholders and registered details, and it must be dealt with independently of the accounts. Filing your first year accounts does not satisfy the confirmation statement obligation, and keeping your Companies House information accurate remains part of the company's compliance responsibilities.

What happens if first year accounts are filed late?

Delivering accounts after the applicable deadline can result in late filing penalties from Companies House, and the consequences can increase the longer the accounts remain outstanding. The outcome depends on the company type and how late the filing is, so cases are not all treated the same. Paying a penalty does not remove the requirement to file, and appeal eligibility depends on the circumstances. If accounts are already overdue, reviewing the position and completing the outstanding filing is usually the sensible first step.