─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brimstage: Prepared Properly, Filed Correctly

Reaching the end of your first accounting period is a genuine milestone, and the statutory accounts that follow are not optional simply because the company is newly incorporated. Our First Year Accounts for Limited Company service supports directors of newly incorporated and newly trading companies in Brimstage with preparing the statutory accounts, reviewing the accounting records behind them and filing with Companies House where required. We will also explain how the first accounting period works in practice, which reporting framework may be appropriate for your company, and why a Corporation Tax Return such as a CT600 is a separate submission made to HMRC rather than part of the Companies House filing.

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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 for a Micro Company? A Guide for New Limited Companies in Brimstage

First-year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which begins on the date of incorporation and normally runs to the company’s first accounting reference date. That reference date is set when the company is registered and can often be shortened or adjusted, so the length of a first period does not look the same for every company. The accounts themselves summarise the company’s financial position and performance for that period, typically through a balance sheet and, where applicable, a profit and loss account, together with the notes and disclosures required by the reporting framework being used. Some newly incorporated companies meet the eligibility criteria to report as micro-entities and may therefore use the micro-entity accounting framework, which includes FRS 105 — the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on the company’s circumstances and the requirements in force for the relevant accounting period, so it should be confirmed rather than assumed. A company that does not qualify may instead fall within the small companies regime or need to report under a fuller framework. Once prepared and approved by the directors, first-year statutory accounts are generally filed with Companies House where required. That filing sits alongside, but does not replace, the company’s other compliance obligations. A Corporation Tax Return, such as a CT600, is submitted to HMRC and deals with the company’s tax position; the Corporation Tax accounting period and the statutory accounts period are not always identical. A confirmation statement is a further separate filing confirming that the company’s registered details remain accurate. Delivering accounts to Companies House does not, by itself, complete any of those other requirements, and Companies House does not professionally or regulatorily approve accounts that are filed with it.

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 Brimstage: Start With Accurate Statutory Accounts

Many directors incorporate a company and only later realise that the first set of statutory accounts comes with its own reporting decisions, record requirements and deadlines. If you are unsure which framework applies, what needs to go into the accounts or what has to be delivered to Companies House, Micro Entity Accounts can assist with preparing, reviewing and filing your first-year statutory accounts for the relevant period. We will work through your accounting records with you, flag anything that needs clarifying before the accounts are finalised, and explain how the Companies House filing sits separately from any Corporation Tax Return, confirmation statement or VAT position. Getting the first set right also makes later years far easier to manage, so it is worth speaking to us early rather than waiting until the period has closed.

─── 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 prepared for the company's initial accounting period, which starts on the date of incorporation and ends on the company's first accounting reference date. They set out the company's financial position at the period end, usually through a balance sheet, together with a profit and loss account and notes where the applicable framework requires them. The directors approve the accounts, and they are then delivered to Companies House where required.

When are a company's first accounts due at Companies House?

The deadline depends on the company's incorporation date and its accounting reference date, and the first accounts period is treated differently from later years in some respects. Rather than working from a general rule, it is safest to check the specific filing date attached to your own company on the Companies House register. If you would like us to look at the position for your company, we can review the dates and confirm what applies.

What information is needed to prepare first-year accounts?

It varies with the company's activity, but typical information includes bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought, movements on director's loan accounts, share capital information and details of any loans or finance arrangements. Where the company has run payroll or registered for VAT, those records are relevant too. If your records are incomplete or held in several places, part of the process is often simply pulling everything together into a usable format.

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

In most cases a limited company must deliver statutory accounts to Companies House for its accounting period, and that obligation is not removed by the company being new or having limited activity. The first accounts also need to be prepared under an appropriate reporting framework and approved by the directors before filing. Filing accounts does not settle other obligations — the company may still need to submit a confirmation statement and keep its registered information up to date.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the members and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC and deals with the company's tax position. The figures in the accounts often inform the tax return, but the two filings have different purposes and go to different destinations. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ, so the dates should be checked separately.

Does a company still need first-year accounts if it has not started trading?

A company can still have statutory filing obligations even where activity has been very limited or trading has not yet begun, so the absence of sales does not automatically remove the requirement. Whether the company is dormant for reporting purposes depends on its particular circumstances and the applicable rules, and that is a different question from simply having had no significant transactions. Directors in Brimstage who are unsure how their company should be treated can ask us to review the position before the accounts are prepared.

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

It can, but not automatically. Micro-entity reporting depends on meeting the eligibility conditions that apply for the relevant accounting period, and a newly incorporated company with low activity does not necessarily qualify simply because it is small or new. If the company does qualify and chooses that framework, FRS 105 is the financial reporting standard that applies. If it does not qualify, the small companies regime or a fuller framework may be more appropriate, and we can help establish which one fits.

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 those consequences can become more significant the longer the accounts remain outstanding. Paying any penalty does not remove the requirement to file the accounts themselves. Appeals against late filing penalties are only possible in certain circumstances and depend on the applicable rules, so if a deadline has been missed the priority is usually to get the accounts completed and submitted promptly.