─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brede – Prepared, Reviewed and Filed

A newly incorporated company has statutory accounts obligations from its first period, and the first set of accounts is usually the one that raises the most questions. Micro Entity Accounts supports limited companies in Brede with their First Year Accounts for Limited Company, from reviewing the accounting records and share capital details through to preparing a balance sheet, a profit and loss account where applicable, and filing the accounts with Companies House where required. We also keep the boundaries clear: statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is a separate submission to HMRC, and the first Corporation Tax accounting period may not match the statutory accounts period. Whether your company has traded from day one or is still finding its footing, we can help you work out what applies and get the first-year figures into shape.

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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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

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, and How Do Micro-Entity Rules Apply to Brede Companies?

First year accounts are the first set of annual statutory accounts a limited company prepares. They cover the period running from the date of incorporation to the company’s first accounting reference date, and they are not optional simply because the company is new. Incorporation brings reporting responsibilities with it, and the first accounting period is where those responsibilities begin. The first period does not always behave like later years. Instead of a neat twelve months, it can be longer or shorter depending on when the company was incorporated and what its accounting reference date is. That is why two companies incorporated in Brede a few weeks apart can end up with different first-year reporting periods. The dates drive the timetable, not the size of the business or the level of activity. Where a company meets the applicable eligibility requirements for the relevant accounting period, it may be able to prepare accounts using the micro-entity framework set out in FRS 105, the financial reporting standard for qualifying entities. Eligibility should be checked rather than assumed. Not every newly incorporated company qualifies, a low level of activity does not automatically make a company dormant, and the correct framework depends on the company’s circumstances. It also helps to keep three obligations separate. 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 may not be identical to its statutory accounts period. A confirmation statement is a separate filing again, confirming that the information held on the public register is up to date. Meeting one of these does not complete 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.

Have Your First Year Accounts for Limited Company in Brede Prepared Properly

The first accounting period is often the point where directors realise how much of the process depends on getting the records straight early. Bank transactions, invoices, asset purchases, director loans and share capital details all feed into the accounts, and missing information tends to slow things down later. If you are unsure which reporting framework applies to your company, or what needs to go to Companies House and what belongs with HMRC instead, Micro Entity Accounts can help. We prepare first-year statutory accounts for limited companies, review the supporting records with you and handle filing with Companies House where required, with clear pricing and no hidden costs. Get in touch and we will explain what we need from you.

─── 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 company prepares, covering the period from the incorporation date to the company's first accounting reference date. They typically include a balance sheet, along with a profit and loss account and any notes where applicable to the reporting framework the company uses. They are separate from the company's tax filings and from its confirmation statement.

When do first year accounts need to be filed with Companies House?

There is no single date that applies to every company. The position depends on the incorporation date, the accounting reference date and the filing requirements that apply to the company at the time, and a first set of accounts is often treated differently from later years. Companies House publishes current guidance and shows the relevant dates on the company record, so it is worth checking your own company's position rather than working from a general rule.

What information is needed to prepare first year accounts?

It varies with what the company has actually done. Typically we would look at bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought, director transactions and loans, share capital information, and payroll or VAT records where those apply. If the company has had limited activity, we will work with whatever records exist and explain what is still required.

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

In most cases a limited company is expected to file statutory accounts for its accounting period, and that obligation does not disappear simply because the company is new. Where a company has had little or no activity, or has not yet started trading, the reporting position still depends on its circumstances and the applicable rules, and it should not be assumed to be dormant without checking. Filing first-year accounts is also not the same as submitting a Corporation Tax Return to HMRC.

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 often provide the starting point for the tax return, but the two have different purposes, different destinations and different deadlines. Filing one does not complete the other.

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

Some companies do qualify for the micro-entity framework under FRS 105, but it is not automatic. Eligibility depends on the applicable criteria for the relevant accounting period and on the company's own circumstances. Not every new company qualifies, and a quiet first year does not by itself mean a company is a micro-entity. We check the position before preparing anything.

Do we still need to file a confirmation statement as well?

Yes, in most cases. A confirmation statement is a separate filing from the statutory accounts, and it confirms that the information Companies House holds about the company is correct. Filing first-year accounts does not replace it, and neither obligation cancels out the other. Directors remain responsible for making sure both are dealt with.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is usually to get accurate figures prepared and submitted, and we can look at the position with you — including whether an appeal may be possible, which depends on the circumstances and the applicable rules.