─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Broadstairs, Prepared and Filed by People Who Do This Every Day

A company’s first set of statutory accounts is a milestone, and it is worth getting right the first time. Whether you incorporated recently and have started trading or your company has had limited activity so far, Micro Entity Accounts prepares first year accounts for limited company clients in Broadstairs from accurate accounting records, talks the figures through with you before anything is finalised, and files the accounts with Companies House where required. We also keep the boundaries clear: statutory accounts are delivered to Companies House, while any Corporation Tax Return, such as a CT600, is a separate submission to HMRC and is decided by the company’s own circumstances.

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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, and Why Do They Matter for a New Broadstairs Limited Company?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. When Companies House incorporates a company it also sets an accounting reference date, and the first accounting period generally runs from the date of incorporation to that first accounting reference date. Because of how incorporation dates fall, a first accounting period can be longer than the twelve months directors tend to expect, which is one reason the first year is treated differently from later years. The accounts themselves are built from the company’s accounting records — bank transactions, sales and income records, expense and purchase documentation, asset purchases, share capital details, director transactions and any loans or finance, plus payroll or VAT records where the company has them. From those records we prepare a balance sheet, and a profit and loss account where applicable, in the format that suits the company’s circumstances and the applicable reporting framework. Some companies may be eligible for the micro-entity framework, which is the simplified reporting standard commonly referred to as FRS 105, provided they meet the eligibility requirements for the relevant accounting period. That is not automatic for a newly incorporated company, and low activity on its own does not settle the question — eligibility depends on the company’s size and circumstances, so it is worth checking rather than assuming. It also helps to separate the moving parts. First year statutory accounts are filed with 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 line up exactly with its statutory accounts period. A confirmation statement is yet another filing, keeping the company’s information at Companies House up to date. Directors of new companies in Broadstairs often assume these obligations travel together; in practice they are separate, with their own purposes and destinations.

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 Broadstairs Prepared Correctly the First Time

If your company has just been incorporated, the first accounts deadline can feel like something you will deal with later — until the accounting reference date is closer than you thought. Directors often worry most about whether their records are complete enough, which reporting framework applies, and what actually has to go to Companies House. Micro Entity Accounts works with newly incorporated companies to pull those records into order, prepare the first statutory accounts properly and handle the Companies House filing where required, while flagging any separate Corporation Tax position so nothing is left assumed. If you would rather start your first accounting period knowing the numbers are in capable hands, get in touch and we will take it from there.

─── 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 for its initial accounting period, covering the period from incorporation to its first accounting reference date. They are prepared from the company's accounting records and typically include a balance sheet, and a profit and loss account where applicable. Once prepared and reviewed, they are filed with Companies House where required. They are not the same thing as a Corporation Tax Return, and they do not replace a confirmation statement, which is a separate Companies House filing.

When are first-year accounts due?

There is no single answer that applies to every company. The due date depends on the company's incorporation date, its accounting reference date and the fact that these are its first accounts, because Companies House applies different treatment to a company's first filing than to later years. The length of the first accounting period can also vary, so comparing your deadline with another company's is rarely useful. Once we have your incorporation details, we can confirm the dates that apply to you and work back from there.

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

It depends on what the company has been doing, but most first-year files draw on bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director transactions, and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records feed in too. You will not necessarily have all of these, particularly in a quiet first year, and that is fine — we will tell you what is needed once we understand the company's position.

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

In most cases yes. A limited company generally has statutory accounts filing obligations once it is incorporated, and those obligations are not switched off simply because the company has only recently started or has had limited activity. Whether a company files full accounts or a simpler set depends on its eligibility for a reporting framework and the applicable requirements for the period. Directors remain responsible for making sure the filing happens, even when an accountant prepares and submits the accounts on the company's behalf.

Do first-year accounts need to be filed if the company has not started trading?

It depends on the company's circumstances rather than on a simple rule. A company with no significant accounting transactions may be in a dormant position for Companies House purposes, but that is a question to be assessed, not assumed, and the position for a company that has not yet commenced trading is not automatically the same as for a dormant company. Because the reporting position varies, it is worth reviewing the company's activity before deciding what needs to be filed and in what form.

Are first-year accounts the same as a CT600?

No. They are separate compliance matters with different destinations. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Filing one does not complete the other. The figures from the statutory accounts are often used when working out the company's Corporation Tax position, and it is worth noting that a company's first Corporation Tax accounting period may not be identical to its statutory accounts period, particularly where trading started after incorporation.

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

It can, but not automatically. Eligibility for the micro-entity framework depends on meeting the applicable requirements for the accounting period, which look at factors such as turnover, balance sheet total and employee numbers. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework, and it is not something that applies to every new company by default. If your company does not qualify, small-company or full reporting may be the right route instead, and we will confirm which framework fits your circumstances.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties. The outcome is not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is to get the accounts prepared and filed as quickly as the records allow. Where a penalty appeal is a possibility, whether it can be pursued depends on the circumstances and the applicable rules, so it is worth taking advice rather than assuming.