─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Broadstone — Professional Preparation and Filing Support

Once a limited company has been incorporated, its first set of statutory accounts cannot be put off indefinitely. These accounts cover the company’s initial accounting period, summarise its financial position and, where required, are delivered to Companies House. Our First Year Accounts for Limited Company service in Broadstone covers preparing the accounts from your accounting records, reviewing the figures for consistency and supporting you through the filing process. Directors also have separate matters to keep in view — a Corporation Tax Return such as a CT600 is submitted to HMRC rather than Companies House, and the confirmation statement, VAT and payroll obligations sit outside the accounts themselves. Whether your company has traded actively or had a quiet first period, accurate accounts prepared on the right basis give you a clearer picture of where the business stands and a firmer starting point for the years ahead.

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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 How Do They Fit With Companies House Filing?

First-year accounts are the first set of annual statutory accounts a limited company prepares. They cover the company’s initial accounting period, which normally runs from the date of incorporation to its first accounting reference date, and they are usually made up of a balance sheet plus, where applicable, a profit and loss account and the supporting notes required by the reporting framework the company uses. These are the accounts that are generally filed with Companies House where required, and they are not optional simply because the company is new or has only recently started trading. A company may still have statutory filing obligations even where activity has been limited or trading has not yet begun, although what its reporting position looks like depends on its own circumstances and the applicable rules rather than any automatic assumption of dormancy. Separately from that, a limited company may also have Corporation Tax obligations. A return such as a CT600 is submitted to HMRC, not to Companies House, and the company’s first Corporation Tax accounting period does not necessarily line up exactly with the period covered by its statutory accounts. A confirmation statement is a further, distinct filing that keeps the company’s registered details up to date. Filing first-year accounts does not complete the CT600, the confirmation statement or any VAT or payroll requirements — each has its own purpose, destination and timing. The phrase “micro company” is often used loosely, but the micro-entity framework is not something every newly incorporated company can use. An eligible company may be able to report under the micro-entity regime, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. Eligibility depends on the company’s circumstances and the applicable requirements for the relevant accounting period, so it should be assessed properly rather than assumed. Where a company does not qualify, small-company reporting or full accounts may be the appropriate route instead. For directors in Broadstone, the practical point is that the framework has to be settled before the accounts are prepared, because it determines what the accounts should contain and how much detail they need to show.

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.

Make Your First Year Accounts for Limited Company in Broadstone Accurate and Complete

The first accounting period tends to raise questions that later years simply do not: which reporting framework actually applies, what records are still missing, and what genuinely has to be delivered to Companies House. Micro Entity Accounts supports directors of newly incorporated companies in Broadstone with preparing their first-year accounts, reviewing the figures behind them and handling the filing where required. If your bookkeeping is incomplete, or you are unsure whether your company needs micro-entity, small-company or full accounts, getting that decision right at the outset saves rework later. Talk to us about your first accounting period and we will set out the steps involved, the information we need from you and the framework that fits your company’s position.

─── 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 incorporation, or from the start of its first accounting period, through to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements the relevant reporting framework requires. They are a statutory obligation rather than something optional, even for a company that has only recently been incorporated or has traded for part of the period.

How is a company's first accounting period worked out?

The first accounting period generally begins on the date of incorporation and ends on the company's first accounting reference date, which is set when the company is formed and can be changed in certain circumstances. The first period is often longer than twelve months, but not always, so the exact dates are best confirmed from the company's own Companies House record rather than presumed. The length of that period affects when the accounts are due.

When are first-year accounts due to be filed with Companies House?

The due date for first accounts is calculated from the company's incorporation date and accounting reference date, and it is generally different from the deadline that applies in later years. Because the calculation is individual to each company, directors should check the date recorded against their own company rather than relying on a general rule of thumb. We confirm the relevant date when we take on the accounts preparation and plan the work around it.

What records and information are needed to prepare first-year accounts?

In practice this usually means bank statements and transaction listings, sales invoices or other income records, purchase invoices and expense receipts, details of any assets bought, movements on director loans, share capital information and any loan or finance agreements. Payroll and VAT records are also relevant where those apply. Not every company will have all of these, particularly in its first period, and that is normal. The more organised and complete the records, the more straightforward the preparation tends to be.

Do we still need to file accounts if the company has not traded?

A company can still have statutory filing obligations even where it has not yet started trading or has had very limited activity. Whether accounts are required, and what they should show, depends on the company's circumstances and the applicable rules, and carrying out few or no transactions does not automatically make a company dormant for filing purposes. If your position is unclear, it is worth checking before deciding that no filing is needed.

Are first-year statutory accounts the same as a CT600?

No. First-year statutory accounts are prepared for Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Figures from the accounts often feed into the tax return, and the company's first Corporation Tax accounting period may not match the period covered by the statutory accounts exactly, but the two filings have different purposes and go to different bodies. Completing one does not complete the other.

Can a new company in Broadstone qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity framework, and FRS 105 is the financial reporting standard applicable to qualifying entities that use it. Eligibility depends on the company's circumstances and the requirements for the relevant accounting period, so it cannot be assumed from the fact that a company is new or small. Small-company reporting may also be available in some cases. We assess which framework applies before preparation begins, which is particularly useful for directors setting up in Broadstone for the first time.

What happens if first-year accounts are filed late?

Where required accounts are not delivered by the applicable deadline, Companies House can apply consequences, and those consequences vary depending on how late the filing is and on the company's filing history. Settling any penalty does not remove the obligation to file the outstanding accounts, so the priority is usually to complete and deliver them. If there was a genuine reason for the delay, appeal eligibility depends on the circumstances and the applicable rules, and we can explain how that process works.