─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Buckingham — Prepared, Reviewed and Filed

For a newly incorporated company in Buckingham, the first set of statutory accounts is a significant compliance milestone, and it is not always obvious what has to be prepared, which reporting framework applies, or where the finished accounts need to go. We prepare first-year statutory accounts from your accounting records, review the figures with you before anything is finalised, and file the accounts with Companies House where required. Where Corporation Tax applies, we can also help you understand how a CT600 submission to HMRC sits separately from the Companies House filing, so that the two obligations are dealt with on their own terms rather than being treated as one task.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

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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 Your Buckingham Limited Company Qualify?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period generally begins on the date of incorporation and ends on the company’s first accounting reference date, which Companies House assigns based on the incorporation date. Because of this, a company incorporated part-way through a calendar year rarely has a tidy twelve-month first period, and the length of that first period can differ from company to company. Every limited company has statutory accounts obligations, and those obligations are not optional simply because the company is new or has been quiet. Directors are responsible for maintaining adequate accounting records, and the completed accounts are normally delivered to Companies House where required. That filing is a registration exercise rather than an approval process — Companies House does not assess the quality of the accounting behind the figures, and engaging an accountant is a commercial arrangement between the company and its adviser. Where a company satisfies the eligibility conditions for the accounting period in question, it may be able to prepare accounts under the micro-entity framework. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework and permits a simplified format. Eligibility is judged against the company’s own circumstances and the rules in force for the relevant period, so it should be confirmed rather than assumed. Companies that do not meet the micro-entity conditions may still fall within the small company regime, which carries its own requirements and disclosure expectations. It also helps to keep three separate obligations clearly in view. Statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, goes to HMRC and follows its own accounting period, which may not match the statutory accounts period exactly. A confirmation statement is a further annual filing confirming the company’s registered details. Completing one of these does not discharge the others, and each has its own purpose and destination.

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 Buckingham

The first accounting period tends to raise practical questions: which records need to be pulled together, whether the company should be reporting as a micro-entity or a small company, and what actually has to be sent to Companies House once the figures are agreed. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies on precisely these points, preparing first-year statutory accounts from the records you hold and explaining how the Companies House filing fits alongside any separate HMRC Corporation Tax requirements. If your first period is approaching, or the accounts are already sitting unfinished, having them prepared properly is a sensible next step — you can talk through your circumstances with us before anything is submitted.

─── 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 covering the company's initial accounting period, which normally begins on the date of incorporation. They report the company's financial position and performance for that period, typically through a balance sheet and a profit and loss account where the applicable framework requires one, and they are prepared for the company's members and filed with Companies House where required. They are a different filing from the company's Corporation Tax Return.

When are first-year accounts due?

The deadline depends on the company's accounting reference date and the rules in force at the time, so it is not identical for every company. Companies House generally allows a longer filing window for a company's first accounts than for later years, but the precise date should be confirmed from the company's own Companies House record rather than assumed. The accounting reference date is set when the company is incorporated, and a company can sometimes change it, which then affects the period the first accounts cover.

What information is needed to prepare a new company's first statutory accounts?

The accounts are built from the accounting records for the first period. In practice that usually means bank statements and transaction listings, sales and income records, purchase invoices and business expenses, details of any assets bought or sold, share capital information, director transactions or loans, and any finance arrangements. Where the company has run payroll or registered for VAT, those records feed in as well. Newly incorporated companies in Buckingham often have a lighter set of records than an established business, which is entirely normal — we work with what exists and let you know what still needs to be tracked down.

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

In many cases the company still has statutory filing obligations even where activity has been limited or trading has not yet commenced. Whether the company is treated as dormant, or simply files accounts showing minimal or no transactions, depends on its actual circumstances and the applicable rules — dormancy is not something to assume. It is worth confirming the position early, because ignoring the first accounting period on the basis that nothing happened can create avoidable complications later.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. The figures from the accounts are often used as the starting point for the company's tax position, but the two filings serve different purposes, go to different authorities and have their own deadlines. Filing the accounts does not submit the CT600, and submitting the CT600 does not complete the Companies House accounts filing.

Is a confirmation statement part of the first-year accounts?

No, it is a separate filing. A confirmation statement confirms the company's registered information, such as its directors, registered office and share capital, and it is submitted to Companies House independently of the statutory accounts. Filing first-year accounts does not replace it, and a company may need to keep its confirmation statement up to date alongside its accounts obligations.

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

It can, but not automatically. Micro-entity status depends on meeting the eligibility conditions for the relevant accounting period, and a newly incorporated company should not be assumed to qualify purely because it is small or newly formed. Where a company does qualify, FRS 105 is the reporting standard that applies to the micro-entity framework and allows a simplified set of accounts. If it does not qualify, another framework such as the small company regime may be the appropriate choice.

What happens if first-year accounts are filed late?

Missing the applicable filing deadline can lead to consequences from Companies House, and the position can become more serious the longer the accounts remain outstanding. Paying any penalty does not remove the requirement to file — the outstanding accounts still have to be completed and delivered. If accounts are already overdue, the sensible priority is to prepare and file them as soon as possible. Where a company considers it has reasonable grounds for an appeal, eligibility depends on the circumstances and the applicable rules, and professional support can help you work through the available options.