─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Baildon — Practical Support for Your First Filing Period

A company’s first set of statutory accounts sets the tone for every filing that follows, and building them on clean, well-organised accounting records makes the whole process far more straightforward. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Baildon to prepare first-year accounts, check the figures against the underlying records, and file those accounts with Companies House where required. We also explain how your incorporation date and accounting reference date shape the first accounting period, and how the correct reporting framework is decided — including micro-entity accounts under FRS 105 where the company meets the eligibility conditions. Corporation Tax is a separate matter: a limited company may also need to submit a CT600 to HMRC, which is a distinct filing with a different purpose and destination from the accounts filed 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 How Does That Apply to Baildon Limited Companies?

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 has only recently been incorporated. Once a company is registered at Companies House, it takes on statutory reporting obligations, and the first accounts are the formal record of how the company has performed and what it owns and owes over that opening period. Depending on the company’s circumstances, the accounts typically include a balance sheet, and a profit and loss account where applicable, along with any notes and disclosures required by the reporting framework being used. The first accounting period normally begins on the date of incorporation and runs to the company’s first accounting reference date. From there, the company’s accounting reference date, its incorporation date and the applicable Companies House requirements determine when the first accounts are due and what period they must cover. Companies House generally allows a longer filing period for a company’s first accounts than for subsequent years, but the exact position depends on the company’s own dates rather than a single rule that fits every new company. It is important to separate first-year statutory accounts from other compliance tasks. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period is not necessarily identical to the period covered by its statutory accounts. A confirmation statement is another separate filing entirely, used to confirm that the company’s registered details are correct, and it is not replaced by filing accounts. Some newly incorporated companies may qualify to report using the micro-entity framework, and FRS 105 is the financial reporting standard that applies to entities using that framework. Qualification depends on whether the company meets the applicable eligibility requirements for the relevant accounting period. Not every new company qualifies, and a company with modest activity does not automatically fall into the micro-entity category. The right framework is confirmed once the company’s circumstances and figures are reviewed. Where a company has had little or no activity, its reporting position still depends on its specific situation and the applicable rules rather than being automatically 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.

First Year Accounts for Limited Company in Baildon — Prepared Carefully and Filed Where Required

If your company has recently been incorporated, the first accounts filing can feel unclear: which period do the accounts cover, what records do you need to hand over, and where does the CT600 fit in? Those are common questions for directors in Baildon, and getting the answers early avoids rushed decisions later. Micro Entity Accounts can assist with preparing your first-year statutory accounts, reviewing your accounting records for gaps, and handling the Companies House filing where required, while making clear which separate obligations — such as a Corporation Tax Return or a confirmation statement — still sit with the company. Clear pricing is agreed up front, so you know what support you are getting before any work begins. Speak to us before your first accounts period closes and start your company’s reporting history on a sound footing.

─── 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, covering the initial accounting period from incorporation through to your first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account and supporting notes. They are a statutory requirement rather than an optional exercise, so the fact that the company is new does not remove the obligation to prepare and file them where required.

When are first accounts due?

The deadline depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements. Companies House allows a longer period for a company's first accounts than for later years, so the first deadline is usually more generous than directors expect. Because the dates are company-specific, we confirm your exact position once we know your incorporation and accounting reference dates rather than applying a single rule to every new company.

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

It varies with what the company has actually done. Typically we look at bank transactions, sales and income records, purchase invoices and business expenses, any asset purchases, director transactions and loans, share capital details, and payroll or VAT records where those apply. Not every company will have all of these. If you are unsure what is relevant, we can review what you hold and tell you what is needed to complete the accounts.

Does a newly incorporated company have to file accounts with Companies House even if it has not traded?

A company still has statutory filing obligations even where activity has been limited or trading has not yet begun. Whether accounts need to be delivered, and what they should contain, depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions is not automatically treated as dormant — that depends on meeting the relevant conditions. It is worth checking your position rather than 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 your accounts often form the starting point for the Corporation Tax position, but the two filings serve different purposes and go to different places. Completing one does not complete the other, so both should be tracked separately.

Can a new limited company use micro-entity accounts?

Some newly incorporated companies qualify for the micro-entity framework, with FRS 105 being the standard applicable to entities reporting under it. Eligibility depends on meeting the applicable requirements for the relevant accounting period, so a new company does not automatically qualify, and low activity on its own does not settle the question. We assess the framework that fits your circumstances before the accounts are prepared.

Do first-year accounts replace the confirmation statement?

They do not. A confirmation statement is a separate filing that confirms the company's registered information is up to date, and it is not replaced by submitting statutory accounts. Limited companies in Baildon may still need to file a confirmation statement and keep their Companies House details current, even in a year where the accounts are also due.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the company's filing history. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If a deadline has already been missed, professional support can help you understand the position and get the accounts finalised and submitted.