─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Burton upon Trent — Prepared Correctly and Filed With Professional Support

Incorporating a company in Burton upon Trent comes with a set of obligations that start earlier than many directors expect, and statutory accounts are one of them. First-year accounts cover the company’s initial accounting period and are usually the first formal financial statements the business produces. Depending on the reporting framework that applies, they will typically include a balance sheet, a profit and loss account where required, supporting notes and the statements about directors’ responsibilities. Our First Year Accounts for Limited Company service in Burton upon Trent is built around getting that first set of accounts right, rather than treating it as an afterthought once the deadline is close. Practically, that means reviewing the accounting records you hold, confirming the accounting period and accounting reference date the accounts need to cover, identifying the correct reporting framework for your circumstances, and preparing the statutory accounts on that basis. Once prepared, the accounts are delivered to Companies House where required. It is worth being clear that a limited company’s Corporation Tax position is a separate matter: a Corporation Tax Return such as a CT600 goes to HMRC, not to Companies House, and while the figures in your statutory accounts often support that work, the two filings have different purposes, different destinations and potentially different periods. If the company has not yet started trading or has had limited activity, there may still be filings to deal with, and the appropriate route depends on the facts.

🔥 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? A Guide for New Limited Companies in Burton upon Trent

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is newly incorporated, and they are not the same thing as a tax return. When a company is formed, Companies House records an accounting reference date, and that date generally determines when the first accounting period ends. Because the first period usually runs from the date of incorporation to that first accounting reference date, it can be longer than a normal twelve-month period — although the length depends on the incorporation date and on whether the accounting reference date has been changed. Later accounting periods normally cover twelve months at a time. The accounts themselves set out the company’s financial position for the period. What they contain depends on the framework applied: a balance sheet is standard, a profit and loss account may be required, and notes and directors’ statements may also be included. Directors stay responsible for making sure the company keeps adequate accounting records and meets its filing obligations, even when an accountant has been engaged to prepare and file the accounts. Professional support assists with preparation, review and filing — it does not move that legal responsibility away from the board. It also helps to keep the separate compliance tasks apart. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A confirmation statement is a further, separate filing that keeps Companies House updated on officers, shareholders and registered details; it does not replace the accounts, and filing the accounts does not replace it. Some newly incorporated companies do qualify to prepare micro-entity accounts under the micro-entity framework, applying FRS 105 — the financial reporting standard for qualifying entities using that framework. Eligibility is not automatic. It depends on whether the company meets the applicable requirements for the relevant accounting period, and it is assessed on the company’s circumstances rather than on how new or how small it appears to be. Whether a company in Burton upon Trent reports as a micro-entity, as a small company under another framework, or on a fuller basis is a decision that should be confirmed before preparation starts, because it shapes the content of the accounts.

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.

First Year Accounts for Limited Company in Burton upon Trent — Get the Preparation and Filing Handled Properly

When a company is new, the uncertainty around first-year accounts tends to be practical rather than theoretical. Which period do the accounts cover? Which records actually matter? Does the company qualify for a simplified framework, or does it need to report on a fuller basis? What has to go to Companies House, and how does that sit alongside anything owed to HMRC? Directors in Burton upon Trent often find that these questions are far easier to settle with an accountant who deals with first-year statutory accounts regularly. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company clients, covering the review of your accounting records, the preparation of statutory accounts on the appropriate basis for your circumstances, and assistance with delivery to Companies House where required. Where Corporation Tax applies, we can also explain how the CT600 and the HMRC side of your compliance fits around the accounts, so you can see the full picture rather than treating each filing in isolation. If you would prefer your company’s reporting history to begin on a clear and accurate footing, with transparent fees and no surprises along the way, speak to us about preparing and filing your first set of accounts.

─── 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 a company prepares for its initial accounting period, covering the period from incorporation through to the company's first accounting reference date. They give a formal picture of the company's financial position and are usually delivered to Companies House where required. They are separate from a Corporation Tax Return, which is submitted to HMRC, and separate from a confirmation statement.

When are a limited company's first accounts due?

The deadline is worked out from the company's accounting reference date, and Companies House applies specific rules to a first set of accounts that can differ from the rules for later years. Because the first accounting period runs from the incorporation date rather than starting on a fixed calendar date, the due date varies from company to company. The safest approach is to check the deadline shown on your company's Companies House record and work back from there.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typically an accountant will want bank transactions, sales and income records, business expenses and purchase invoices, details of any assets bought, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records may also be relevant. If there has been very little activity, the records needed will be correspondingly limited, but the reporting position still needs to be considered properly.

Do newly incorporated companies have to file accounts with Companies House?

Yes, in most cases a limited company has statutory accounts filing obligations, and being newly incorporated does not remove them. The accounts are delivered to Companies House where required. This sits alongside other obligations: a confirmation statement may still need to be submitted to keep the company's registered information up to date, and any Corporation Tax Return such as a CT600 is filed separately with HMRC. Filing accounts does not complete those other tasks, and they do not replace the accounts.

If the company has not traded, are first-year accounts still required?

Often something still needs to be filed, but the correct route depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions is not automatically dormant, and dormancy has specific conditions that must be met before that treatment applies. Directors should confirm the position rather than assume that inactivity means there is nothing to do, particularly where the company has held shares, incurred formation costs or received any funds.

Are first-year accounts the same as a CT600?

No. They are two different filings with two different destinations. First-year statutory accounts are prepared for the company's initial accounting period 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 Corporation Tax work, but filing the accounts does not submit a CT600, and submitting a CT600 does not satisfy the Companies House accounts requirement. The first Corporation Tax accounting period may also differ from the statutory accounts period.

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

It may do, but eligibility is not automatic and it is not based purely on the company being new or small. Micro-entity reporting under FRS 105 applies to entities that meet the applicable eligibility requirements for the relevant accounting period. Some first-year companies qualify, others report as small companies under a different framework, and some need fuller reporting. The right framework should be determined from the company's circumstances before the accounts are prepared, as it affects what the accounts include.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so it is important to get them submitted regardless. Where an appeal is considered appropriate, eligibility depends on the circumstances and the applicable rules. Directors in Burton upon Trent who are worried about a missed deadline should seek advice promptly rather than wait.