─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Broughton: Prepared, Reviewed and Filed Correctly

Your company’s first set of statutory accounts arrives sooner than most directors expect. Micro Entity Accounts provides First Year Accounts for Limited Company support in Broughton, from reviewing your accounting records and preparing the balance sheet and profit and loss account where applicable, through to filing the statutory accounts with Companies House where required. Whether the company has traded throughout its first period or has had limited activity so far, we help you establish what needs to be reported and which reporting framework suits your circumstances. Corporation Tax is a separate matter: a CT600 is submitted to HMRC rather than Companies House, and the first Corporation Tax accounting period may not be identical to the statutory accounts period.

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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 annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company’s first accounting reference date, although it can be shortened or adjusted in certain circumstances. Because the length of the first period varies from company to company, the filing deadline that follows from it is not the same for every newly incorporated business. What matters is identifying the accounting reference date that applies to your company and working from there. These accounts are not optional. A company incorporated in Broughton, or anywhere else in the UK, generally has statutory accounts filing obligations even if trading has been limited or has not started at all. Where a company has had no significant accounting transactions, its reporting position depends on its particular circumstances and the applicable rules rather than being automatically treated as dormant. Filing the accounts with Companies House is one compliance step; it does not, by itself, complete a Corporation Tax Return, a confirmation statement, a VAT Return or any other obligation the company may have. A limited company may also need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC. The figures from the statutory accounts are often used when working out the company’s tax position, but the two filings serve different purposes and go to different places. A confirmation statement is separate again: it confirms the information Companies House holds about the company and does not replace the accounts. Some newly incorporated companies qualify to report as micro-entities, and where they do, FRS 105 is the financial reporting standard that applies to the micro-entity accounting framework. Eligibility depends on the company meeting the relevant criteria for the accounting period in question, so it should be assessed rather than assumed. A low level of activity on its own does not automatically make a company a micro-entity, and not every startup or new company will qualify. Where the micro-entity framework is not appropriate, small-company or full reporting requirements may apply instead.

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 Expert Help With Your First Year Accounts for Limited Company in Broughton

If you are unsure what your first set of statutory accounts needs to include, which accounting reference date applies, or how the Companies House filing fits alongside your other obligations, professional support can remove the guesswork. Micro Entity Accounts works with directors of newly incorporated companies to review accounting records, prepare the statutory accounts and file them with Companies House where required, using clear pricing and fixed-fee support so you know where you stand. We can also explain how the separate Corporation Tax position and confirmation statement fit into your wider compliance calendar. Speak to us before the first-year reporting period catches up with you.

─── 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 prepared for a company's initial accounting period, which normally starts on the date of incorporation and ends on the company's first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account and notes, and they are generally filed with Companies House where required. They are separate from a Corporation Tax Return submitted to HMRC and from a confirmation statement.

When are first year accounts due?

The deadline depends on your company's incorporation date and accounting reference date, so it is not the same for every business. The first accounting period may be longer or shorter than twelve months, and Companies House applies its own rules on how the period and filing deadline are calculated. We can confirm the relevant dates for your company and work towards them once the period has been established.

What information is needed to prepare first year accounts?

It depends on what the company has done. Typical records include bank statements and transactions, sales and income records, purchase invoices and business expenses, asset purchases, director loan movements, share capital details and any finance or hire purchase agreements. Payroll or VAT records may also be relevant where the company is registered for those. There is no requirement to hold every type of record, only those that reflect the company's actual activity.

Does a new limited company have to file accounts with Companies House if it has not traded?

A newly incorporated company can still have statutory filing obligations even where trading has not started or activity has been minimal. The exact reporting position depends on the company's circumstances and the applicable rules, rather than being automatically described as dormant. It is worth checking your position early, as dormant status has specific conditions that not every inactive company meets.

Are first year accounts different from annual accounts?

They follow the same principles, but the first set covers the company's initial period, which may be longer or shorter than the twelve-month periods that follow. That can make the first accounts slightly different to prepare, particularly where the first Corporation Tax accounting period does not line up exactly with the statutory accounts period.

Are first year accounts the same as a CT600 or a confirmation statement?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. A confirmation statement is a further, separate filing that confirms the information Companies House holds about the company. Completing one of these does not automatically complete the others, and each has its own requirements and timing.

Can a new company qualify for micro-entity accounts under FRS 105?

Some newly incorporated limited companies do qualify for the micro-entity reporting framework, and FRS 105 is the standard that applies to qualifying entities that use it. Eligibility depends on meeting the applicable criteria for the relevant accounting period and is not automatic for every new company, startup or low-turnover business. Where micro-entity reporting is not appropriate, another framework will apply instead, and we can help you establish which one fits.

What happens if first year accounts are filed late?

Filing required accounts after the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is to get the accounts prepared and submitted, and where a penalty has arisen, appeal eligibility depends on the specific circumstances and applicable rules.