─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Burnley, Prepared With Professional Care

Your company’s first set of statutory accounts is a milestone, and the details matter. For directors of newly incorporated and newly trading limited companies in Burnley, Micro Entity Accounts provides practical support with preparing First Year Accounts for Limited Company — reviewing your accounting records, drafting the balance sheet and the profit and loss account where applicable, and delivering the accounts to Companies House where required. We also help you get to grips with the accounting period and accounting reference date that apply to your company, and with deciding which reporting framework suits its circumstances. Corporation Tax sits separately from this: a CT600 is submitted to HMRC where applicable, and the two filings serve different purposes and go to different bodies. Whether your company has been trading actively or has seen limited activity so far, we can help you pull the information together in a clear, straightforward way.

🔥 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 for a Micro Company, and Does That Apply to Your Burnley 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 a company is young. Once incorporated, a company takes on reporting responsibilities, and its first accounts normally cover the period from incorporation — or from the start of its first accounting period — through to its first accounting reference date. That first period can differ in length from the twelve-month periods that usually follow, which is one reason first-year accounts can catch directors out. The accounts themselves typically include a balance sheet, and a profit and loss account where one is required under the framework the company uses. Directors remain responsible for making sure the company keeps adequate accounting records and meets its statutory obligations, even where an accountant is engaged to prepare and file the accounts. Delivery of statutory accounts to Companies House is one obligation; it is separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and separate again from the confirmation statement, which does not replace the accounts. Some companies qualify to report under the micro-entity framework, using FRS 105, which is the financial reporting standard applicable to qualifying entities within that framework. Eligibility is not automatic and is not decided by turnover alone — it depends on the company meeting the applicable conditions for the relevant accounting period. Others may fall within the small-company regime, or may need to report under a fuller framework. Working out which set of rules applies to your company is part of preparing the first accounts properly, and it is something we can review with you.

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 Burnley Prepared and Filed With Clarity

Few things cause more uncertainty for a new company than the first set of statutory accounts. Directors often ask whether accounts are needed yet, what records have to be kept, which figures belong in the balance sheet, and whether the company qualifies for the micro-entity framework at all. Micro Entity Accounts helps newly incorporated limited companies in Burnley work through those questions, preparing accounts that reflect the company’s actual activity and filing them with Companies House where required, while making clear where Corporation Tax and a CT600 fit in as a separate HMRC matter. If you would rather have your first-year accounts prepared by someone who deals with new companies regularly — on clear pricing with no hidden costs — get in touch and let us take the preparation and filing off your desk.

─── 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, covering its initial accounting period. That period normally begins on the date of incorporation or the start of the first accounting period and runs to the company's first accounting reference date. The accounts generally include a balance sheet, and a profit and loss account where the applicable framework requires one. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are first accounts due?

The deadline is not identical for every company. It is worked out from the company's incorporation date, its accounting reference date and the length of the first accounting period, alongside the applicable Companies House requirements. Because the first period can be longer or shorter than twelve months, two companies incorporated at different points in the year may face different deadlines. It is worth confirming the date that applies to your own company rather than working from assumptions.

What information do I need to prepare first-year accounts?

It depends on what the company has actually done. Typically we would look at bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, share capital details, any loans or finance arrangements, and director transactions. Where relevant, payroll records and VAT records also feed into the picture. Not every company will have all of these — a company that has only recently started trading may have very little to report, and that is normal.

Does a newly incorporated company have to file accounts with Companies House even if it hasn't traded?

A company generally has statutory filing obligations from incorporation, and having limited or no trading activity does not automatically remove them. Whether a company is dormant for filing purposes depends on its circumstances and the applicable rules rather than on the absence of sales alone, so it should not be assumed. If your company has had no significant transactions, it is worth checking its reporting position before deciding what to file.

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

No. Statutory accounts are delivered to Companies House where required, whereas a CT600 Corporation Tax Return is submitted to HMRC where applicable. The two are separate filings with separate purposes, and completing one does not complete the other. Accounting information from the company's accounts is often used when preparing its Corporation Tax position, but filing the accounts does not submit a CT600, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some companies do qualify to report under the micro-entity framework, but it is not automatic and it is not decided by being newly incorporated or by having low turnover. Eligibility depends on the company meeting the applicable conditions for the relevant accounting period, and FRS 105 only applies to entities that fall within that framework. If your company does not meet the conditions, a different reporting framework will apply. We can review your position and confirm which framework fits.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that confirms Companies House records such as directors, registered office and share information remain correct, and it does not take the place of the accounts. A limited company may need to submit confirmation statements as well as its statutory accounts, and keeping the Companies House record up to date is a distinct responsibility from preparing the accounts themselves.

What happens if first-year accounts are filed late?

Where required accounts are not delivered by the applicable deadline, Companies House can take action, and the consequences depend on the circumstances and how late the filing is. Late filing penalties may apply, and paying a penalty does not remove the requirement to file the outstanding accounts. If you believe there was a valid reason for the delay, appeal eligibility depends on the facts and the applicable rules. If you are already overdue, the priority is usually to get accurate accounts prepared and filed without further delay, and we can assist with that.