─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

Professional First Year Accounts for Limited Company in Brough

If you have recently incorporated a company in Brough, your first set of statutory accounts is a step that cannot be skipped. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies to prepare their first year accounts — reviewing the records you have kept, drafting a balance sheet and a profit and loss account where applicable, and delivering the completed accounts to Companies House where required. We also help you understand how your incorporation date and accounting reference date shape what has to be filed and by when. Corporation Tax sits separately from this: where the company has Corporation Tax obligations, a CT600 is submitted to HMRC rather than to Companies House, and the two deadlines do not always align. Whether you are a single director contracting through your own company or part of a small team in Brough building something new, we can remove the guesswork from your first filing.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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, and Where Does Micro-Entity Reporting Fit?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. When Companies House registers a new company, it also sets an accounting reference date, and the first accounting period normally runs from the date of incorporation to that reference date. That opening period is often longer than the twelve months a company will report on in later years, which is one reason first-year filings catch directors out — the period being reported on and the deadline attached to it are not always what people expect. Statutory accounts are built from the company’s accounting records and usually include a balance sheet, a profit and loss account where applicable, and any notes required by the reporting framework being used. Once finalised, the accounts are delivered to Companies House where required. Companies House is a registry: it does not prepare your accounts, does not assess whether an accountant prepared them, and does not approve them — it receives and publishes the information filed. Where a company meets the eligibility conditions for the relevant accounting period, it may be able to report under the micro-entity framework using FRS 105, the financial reporting standard applicable to qualifying entities within that framework. Eligibility is not automatic and does not follow simply from being newly incorporated or from having limited activity; it needs to be assessed against the company’s circumstances and the applicable rules. It is just as important to be clear about what first year accounts are not. They are not a Corporation Tax Return — a CT600 is submitted separately to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. They are not a confirmation statement either, which is a separate filing that keeps the company’s registered details current. Directors in Brough should treat these as distinct obligations rather than assuming one filing covers the others. If the company has had little or no activity, that does not automatically make the accounts optional, and whether the company is genuinely dormant for filing purposes depends on its circumstances and the applicable rules.

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 Brough Prepared Accurately

One of the most common worries we hear from directors of newly incorporated companies is simply not knowing what is expected of them. Which period do the accounts cover? Which records are needed? Does the company need to file with Companies House if it has barely traded? Micro Entity Accounts can take that uncertainty off your desk by preparing your first year accounts from the records you hold, explaining the framework that applies to your company, and handling the Companies House filing where required. You keep responsibility as a director, but you are not expected to work out the technical detail alone. If your first accounting period is approaching, or your accounts are already overdue, speak to us about professional support with your first year accounts in Brough and get the filing on a firmer footing.

─── 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 annual accounts a company prepares for its initial accounting period, generally covering the time from incorporation through to its accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, along with any notes required by the reporting framework the company uses. Once finalised, they are delivered to Companies House where required. Preparing and filing the accounts remains the directors' responsibility, even when an accountant is engaged to help.

When are first year accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, which is why no single date applies to every new company. The first accounting period is usually set from incorporation to the accounting reference date, and it can be longer than the twelve-month periods used in later years. Because the deadline is tied to those dates, it is worth confirming your company's position early rather than assuming your timescale matches another company's.

What information is needed to prepare first year accounts?

Typically bank statements and transaction records, details of sales and other income, business expense receipts and purchase invoices, records of any assets bought, director transactions and loans, share capital information, and payroll or VAT records where those apply. A company with limited activity will need fewer records, but there still needs to be enough detail to show what happened during the period. Well-kept accounting records usually mean fewer queries and a smoother preparation process.

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

Where required, yes. A company does not escape its accounts obligations simply because it is newly incorporated or has not yet started trading. What must actually be filed depends on the company's circumstances and the applicable rules, including whether any exemption applies for the period in question. Directors should confirm the position for their own company rather than assume nothing is due.

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

Not trading does not automatically remove the obligation to deal with statutory accounts. Where a company has had no significant accounting transactions it may be able to file on a different basis, but whether it is genuinely dormant for filing purposes depends on its circumstances and the applicable rules, and that should be confirmed before anything is submitted. It is a common misunderstanding in Brough and elsewhere that an inactive company has nothing to do — often that is not the case, and separate Corporation Tax considerations can apply as well.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. The figures in your accounts often feed into the tax return, but they are separate filings with different purposes, destinations and timelines. Completing one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

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

Some newly incorporated companies may qualify to report under the micro-entity framework, and FRS 105 is the financial reporting standard used by qualifying entities within that framework. Eligibility is not automatic, though — it depends on meeting the applicable criteria for the relevant accounting period and on the company's own circumstances. A new company with substantial activity, group involvement or unusual transactions may not qualify, so the correct framework should be assessed before the accounts are drafted rather than assumed.

What happens if first year accounts are filed late?

Missing the applicable deadline can lead to Companies House consequences, and the position can become more involved where accounts are significantly overdue. Paying any penalty does not remove the requirement to deliver the outstanding accounts. If your accounts are already late, or you believe there was a valid reason for the delay, professional support can review the position — whether an appeal is possible depends on the circumstances and the applicable rules. Note also that a confirmation statement is a separate filing and is not replaced by filing your accounts.