─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Bromyard, Prepared and Filed with Confidence

Incorporating a company is usually the straightforward part. Working out what the first set of statutory accounts needs to contain, and when it needs to be delivered to Companies House, is where many directors in Bromyard pause and look for guidance. Micro Entity Accounts prepares First Year Accounts for Limited Company clients who have recently incorporated or recently started trading, building the figures from the accounting records you hold, drafting the balance sheet and, where applicable, the profit and loss account, and supporting the delivery of those accounts to Companies House where required. We also explain how the accounts sit alongside the company’s other obligations, including the separate Corporation Tax position and any CT600 that may need to be submitted to HMRC rather than to Companies House.

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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 Your New Limited Company?

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 the same thing as a tax return. When a company is incorporated, Companies House sets an accounting reference date, and the first accounting period generally runs from the date of incorporation to that reference date. Because that first period is calculated from the incorporation date, it can work differently from the annual cycle the company will follow afterwards, and the same applies to the filing deadline: the first accounts deadline is worked out from the incorporation date and the accounting reference date, so it is not always the same as the deadline a company faces in later years. Once the period is confirmed, the accounts are prepared from the company’s accounting records and generally delivered to Companies House where required. Some newly incorporated companies qualify to report under the micro-entity framework, which is the simplified regime set out in FRS 105, but eligibility is not automatic. It depends on whether the company meets the applicable criteria for the relevant accounting period, so turnover, balance sheet size and other factors all need to be considered before assuming the micro-entity framework is the right fit. A director of a Bromyard company that does not meet those criteria may still need accounts prepared under a different framework. It also helps to keep three separate obligations apart. The statutory accounts go 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 match the statutory accounts period in every case. A confirmation statement is a further, separate filing that keeps the public register up to date. Completing one 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.

Get Your First Year Accounts for Limited Company in Bromyard Prepared Properly from the Start

If your company was incorporated recently and you are unsure what the first set of statutory accounts should include, which reporting framework applies, or how the accounting records you hold translate into a set of accounts, that uncertainty is common and it is usually easier to resolve early than once the filing window has narrowed. Micro Entity Accounts assists company directors in Bromyard with preparing first-year statutory accounts from their records, checking the figures, and filing with Companies House where required, with clear pricing and no hidden costs. Whether your company has traded fully, started partway through the period, or has had limited activity so far, we can review your circumstances and set out the next steps plainly, so the first filing is handled on a proper footing rather than guessed at.

─── 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, covering the initial accounting period that begins on the date of incorporation and ends on the company's first accounting reference date. They normally include a balance sheet, and depending on the reporting framework the company uses, may also include a profit and loss account and notes. They are prepared from the company's accounting records and are generally delivered to Companies House where required.

When are first-year accounts due?

The deadline is not the same for every company. It is calculated from the incorporation date and the accounting reference date, and the first accounts deadline is worked out differently from the deadlines that apply in later years. Because those dates vary from company to company, the sensible approach is to check the specific dates on the Companies House record for your company rather than assume a standard period applies. We can confirm the position for your company and work towards the applicable date.

What information is needed to prepare first-year accounts?

It depends on what the company has been doing. Typically we would look at bank transactions, sales or income records, business expenses and purchase invoices, any asset purchases, director transactions and loans, share capital details, and payroll or VAT records where those apply. Companies with limited activity will have fewer records to supply. You do not need everything to be perfectly organised before getting in touch, but accurate records make the accounts more straightforward to prepare.

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

In most cases, yes, a company incorporated in the UK has statutory accounts filing obligations from its first accounting period, and those obligations can apply even where activity has been limited or trading has not yet commenced. Where a company has had no significant accounting transactions, the correct reporting position depends on its particular circumstances and the applicable rules rather than being automatically treated as dormant. Filing accounts with Companies House is also separate from keeping the register up to date through confirmation statements.

Are first-year accounts the same as a CT600?

No. They serve different purposes and go to different places. The statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. Information from the accounts is often used when working out the company's tax position, but filing the accounts does not submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing. The first Corporation Tax accounting period may also differ from the statutory accounts period.

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

Some newly incorporated companies do qualify, but it is not automatic and it should not be assumed. Eligibility depends on whether the company meets the applicable criteria for the relevant accounting period, and the micro-entity framework uses the financial reporting standard FRS 105. If a company does not meet those criteria, its accounts need to be prepared under a different framework. We check eligibility as part of preparing the accounts rather than applying one approach to every client.

Do first-year accounts replace the confirmation statement?

No. They are separate filings. A confirmation statement updates the information held on the public register, such as directors, registered office and share details, while the statutory accounts report the company's financial position for the accounting period. Filing the accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not satisfy the accounts requirement. Directors of Bromyard companies should keep track of both where they apply.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences depend on the circumstances and how overdue the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts have already become overdue, the priority is usually to get them prepared and filed, then consider whether an appeal is appropriate; whether an appeal can s쳮d depends on the reasons and the applicable rules.