─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brockham, Prepared and Filed by Specialists

Incorporating a limited company in Brockham is often the straightforward part. The statutory reporting that follows is where many directors want a second pair of eyes. Our team helps newly incorporated and newly trading companies prepare their First Year Accounts for Limited Company purposes, starting with a review of the accounting records and information you hold, then drafting the statutory accounts for the initial accounting period and delivering them to Companies House where required. We also explain how the accounting reference date shapes your first period, whether the micro-entity or small-company framework may suit your circumstances, and why a Corporation Tax Return such as a CT600 is a separate submission to HMRC rather than part of the Companies House filing. If you are unsure what the first year actually involves, we can talk it through and take the preparation work off your desk.

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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 Does That Framework Apply to You?

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 is new, and they are not something that can be left until the company has grown. Where the company has been incorporated, it will normally have reporting obligations attached to its first accounting period, even if activity in that period has been limited. The first accounting period usually runs from the date of incorporation to the company’s first accounting reference date, although Companies House rules mean the first period can be treated differently from later ones. That is why the exact length of a company’s first period, and therefore the deadline attached to it, depends on individual circumstances rather than a single rule that applies to every new company in Brockham. The accounting reference date can also be changed in certain situations, which affects what has to be filed and when. The accounts themselves typically include a balance sheet, and where applicable a profit and loss account, along with any notes required by the reporting framework used. A qualifying company may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard for entities using the micro-entity framework, or small-company accounts under a different framework. Eligibility depends on the company meeting the relevant criteria for the accounting period in question, so it is worth confirming rather than assuming. Not every newly incorporated company qualifies, and a company with low turnover does not automatically become a micro-entity. It also helps to be clear about what first year accounts are not. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is a further, separate filing that keeps the public register up to date. Completing one does not complete the others. Directors remain responsible for making sure the company meets its filing obligations, even when an accountant handles the preparation. We prepare and review the figures with you and assist with filing the accounts where required, so the information reaching Companies House reflects the company’s position accurately.

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 Prepared Properly from the Start

Most directors of newly incorporated companies have the same question at some point: what exactly do we need to file, and when? The first accounting period rarely follows the neat twelve-month pattern that later years do, and it is easy to lose track of what goes to Companies House and what goes to HMRC. Micro Entity Accounts works with limited companies in Brockham on exactly this stage of their reporting, reviewing the records you hold, preparing the statutory accounts for the period, and supporting you through the Companies House filing where it applies. We will also flag where a Corporation Tax Return, confirmation statement or other obligation sits alongside the accounts, so nothing is assumed or overlooked. If you would rather have your first set of accounts handled with clear pricing and no guesswork, 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 statutory accounts a company prepares for its initial accounting period, covering the period from incorporation (or from the start of trading where relevant) up to its first accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account and supporting notes, prepared under the reporting framework the company is eligible to use. They are separate from a Corporation Tax Return and from a confirmation statement.

When are a limited company's first accounts due?

There is no single deadline that applies to every new company. The first accounting period is usually measured from the incorporation date to the first accounting reference date, and Companies House applies specific rules to how that first period is treated. The resulting filing deadline therefore depends on the company's own dates and circumstances. We can confirm the position for your company and work back from the applicable date.

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

It depends on what the company has done, but most first-year files are built from bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements, and any finance or lease agreements. Where the company runs payroll or is VAT registered, those records are relevant too. Anything less than a complete set of records can usually still be worked with, but the more accurate the information, the smoother the preparation.

Do new limited companies have to file accounts with Companies House?

Where a company has been incorporated and has a statutory accounting period, it will normally be required to deliver accounts to Companies House for that period, even if trading has been limited. Filing accounts does not replace the confirmation statement, which is a separate submission, and it does not settle any Corporation Tax position with HMRC. Companies House does not prepare or approve the accounts; its role is to receive them onto the public register.

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

A company does not escape its reporting obligations simply because it has not yet begun trading. The position depends on the company's circumstances and the applicable rules, including whether it has had any significant accounting transactions. A company with very little activity may be treated differently from one that is genuinely dormant, and the two are not automatically the same thing. It is worth checking rather than assuming nothing needs to be filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts are often used as a starting point when working out the Corporation Tax position, but the two filings serve different purposes and go to different places. Submitting one does not submit the other.

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

It may, if it meets the eligibility conditions for the relevant accounting period, but qualifying is not automatic and a new company should not assume it fits the micro-entity framework simply because it is small or newly formed. Where the criteria are met, micro-entity accounts can be prepared under FRS 105. If they are not met, a different framework and a fuller set of accounts may be needed instead.

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 nature of those consequences depends on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If a company has already missed its date, it is usually best to prepare and file as soon as possible and, where relevant, look at whether an appeal may be available based on the circumstances.