─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Brookmans Park — Professional Support from Micro Entity Accounts

Newly incorporated companies in Brookmans Park often need to prepare their first set of statutory accounts soon after trading begins or even where activity has been limited. First Year Accounts for Limited Company work involves preparing the balance sheet and, where applicable, the profit and loss account, reviewing the underlying accounting records and delivering the accounts to Companies House where required. Micro Entity Accounts supports directors through this initial accounting period, helping them understand the applicable reporting framework and the information needed to prepare accurate accounts. Corporation Tax is a separate matter: a CT600 return is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. We can assist with preparation, review and filing support, so you have a clear route through your first-year accounts obligations.

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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 Brookmans Park

First-year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. They are generally required whether or not the company has started trading, although the precise position depends on the company’s circumstances and applicable rules. For a company in Brookmans Park, the first accounting period usually begins on the incorporation date and ends on the company’s first accounting reference date, which may be set at incorporation or adjusted later. The accounts typically include a balance sheet and, where applicable, a profit and loss account, along with any required notes. Some eligible companies may use the micro-entity accounting framework, with FRS 105 being the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic and must be considered separately for each company and accounting period. First-year statutory accounts are delivered to Companies House where required. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and from the confirmation statement, which is a separate Companies House filing. Micro Entity Accounts can help with preparing the accounts, reviewing records and understanding the filing requirements for your first accounting period.

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.

Professional Preparation for Your First Year Accounts for Limited Company in Brookmans Park

Many directors in Brookmans Park find that their first set of statutory accounts raises questions: which records are needed, which reporting framework applies, and what must be filed with Companies House. Micro Entity Accounts provides professional first-year accounts preparation and filing support for eligible limited companies, helping you pull together the relevant accounting information, review the figures and understand the separate Corporation Tax position where applicable. If you would rather have your first-year accounts handled carefully and accurately, getting professional support early can help you meet your company’s filing obligations and avoid unnecessary uncertainty.

─── 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?

First-year accounts are the first statutory accounts a limited company prepares for its initial accounting period. For a company in Brookmans Park, this normally covers the period from incorporation to the first accounting reference date. The accounts generally include a balance sheet and, where applicable, a profit and loss account, plus any required notes. They are delivered to Companies House where required and are separate from a Corporation Tax Return and a confirmation statement.

When are first-year accounts due?

The due date depends on the company’s incorporation date, accounting reference date and the applicable Companies House requirements. A first accounting period may be longer or shorter than 12 months, and the filing deadline is not the same for every company. Directors should check the specific accounting period and filing date that applies to their company rather than relying on a general rule. For companies in Brookmans Park, we can help clarify the position from the incorporation details.

What information is needed to prepare first-year accounts?

We normally need details of bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information, loans and finance, and any payroll or VAT records where applicable. Not every company will have all of these, and the exact list depends on the company’s activity and circumstances. Accurate accounting records make the preparation process more straightforward and help reduce the risk of missing information.

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

In most cases, a newly incorporated limited company will need to prepare and file statutory accounts with Companies House for its first accounting period, even if it has not started trading or has limited activity. There are limited exceptions, and the position depends on the company’s circumstances. Filing first-year accounts is not the same as submitting a Corporation Tax Return to HMRC or filing a confirmation statement.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable. The figures from the accounts may be used when preparing the Corporation Tax position, but the two filings have different purposes and destinations. A company’s first Corporation Tax accounting period may not be identical to its statutory accounts period.

Does a confirmation statement form part of the first-year accounts?

No. A confirmation statement is separate from the statutory accounts. It is a Companies House filing that confirms the company’s registered details, such as its directors, shareholders and registered office, are up to date. Filing first-year accounts does not replace the need to file a confirmation statement where one is due, and filing a confirmation statement does not replace the need to file accounts.

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

Some newly incorporated companies may qualify for the micro-entity accounting framework if they meet the applicable eligibility requirements for the relevant accounting period. This is not automatic, and a company does not necessarily qualify simply because it is new or has low activity. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. The appropriate framework should be determined based on the company’s circumstances and the rules for that period.

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 exact outcome depends on the circumstances and applicable rules. Paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are overdue, it is usually best to act promptly and seek professional support to understand the available options.