─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Bury — Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, and getting the figures right from the start makes everything that follows easier. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Bury with First Year Accounts for Limited Company, from reviewing the accounting records you hold through to preparing a balance sheet, profit and loss account where applicable, and the supporting notes and disclosures. We then help deliver those accounts to Companies House where required. It is worth remembering that filing statutory accounts is not the same as dealing with Corporation Tax — a limited company may also need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, and that is a separate obligation with its own requirements. Our role is to help you understand what applies to your company, prepare the accounts on a sound basis and keep the process straightforward from the outset.

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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 Why Do They Matter?

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 new. Every limited company has a statutory obligation to prepare accounts, and those accounts generally need to be filed with Companies House where required. Even a company that has had very little activity, or that has not yet started trading, may still have reporting and filing obligations — although the position depends on the company’s own circumstances and the applicable rules rather than being automatically treated as dormant. The first accounting period usually begins on the date of incorporation and runs to the company’s first accounting reference date, which Companies House sets on incorporation. Because that first period is often longer or shorter than a standard twelve-month period, directors in Bury sometimes find the dates confusing. The accounting period, the accounting reference date and the filing deadline are all linked, and the deadline for the first accounts is not necessarily the same as it will be in later years. That is why it is worth confirming the specific dates that apply to your company rather than assuming a standard pattern. A company that meets the applicable eligibility requirements for the relevant accounting period may be able to report under the micro-entity framework, using FRS 105, the financial reporting standard for qualifying entities that prepare micro-entity accounts. Smaller companies may alternatively fall within the small-company regime. Eligibility is not automatic, and it is not determined by the fact that a company is newly incorporated — it depends on the company’s size and circumstances for that period. Preparing under a simplified framework can mean a shorter set of accounts, but the underlying records still need to be accurate and complete. It also helps to separate the different filings that run alongside one another. First-year statutory accounts are prepared for the members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the first Corporation Tax accounting period may not match the statutory accounts period exactly. A confirmation statement is a further, separate filing that keeps Companies House informed about the company’s officers, share capital and registered details. Filing the accounts does not replace the confirmation statement, and it does not complete the company’s Corporation Tax position on its own.

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 Prepared Properly From the Start

If you have recently incorporated a company in Bury and you are not sure which figures belong where, you are in good company — most directors are dealing with this for the first time. The practical concern is usually the same: knowing what records to gather, which reporting framework fits the company and what actually has to go to Companies House. Micro Entity Accounts can help you work through that, preparing your First Year Accounts for Limited Company on a clear basis and supporting you with the filing requirements that apply to your company. Whether your company has been trading for months or has had limited activity so far, professional support can help you avoid gaps in your records and present a set of accounts that properly reflects the company’s position.

─── 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 after incorporation, covering its initial accounting period. The accounts normally include a balance sheet, and a profit and loss account where applicable, together with any notes and disclosures required by the reporting framework the company uses. These accounts are then delivered to Companies House where required. They are a company law requirement rather than a tax return, so they are not the same document as a CT600.

When are my company's first accounts due?

The due date depends on your company's accounting reference date, which is set when the company is incorporated, and on the length of the first accounting period. The first period is often different from a standard twelve-month period, so the deadline for first accounts is not necessarily the same pattern that will apply in later years. Rather than working from a general rule of thumb, it is best to check the specific dates recorded for your company and plan around those.

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

Typically we would look at bank statements and transactions, sales or income records, business expenses and purchase invoices, details of any assets purchased, director transactions and loans, share capital information, and any payroll or VAT records where those apply. Not every company will have all of these — a company with limited activity will have a much shorter list. The aim is to build a complete picture of what has happened in the company since incorporation so the accounts reflect it accurately.

Does a newly incorporated company have to file accounts with Companies House?

In most cases, yes — a limited company has a statutory obligation to prepare accounts and to file them with Companies House where required, even if it has only recently been incorporated or has had limited activity. Filing the accounts does not mean Companies House approves or validates them; the company and its directors remain responsible for the content. If your company has not yet started trading, it is still worth checking what applies, because the position depends on your circumstances rather than on a general assumption.

Are first-year accounts the same as annual accounts?

The principles are the same, but the first set covers the company's opening period from incorporation to its first accounting reference date, which may be longer or shorter than twelve months. That can affect how the figures are presented and which comparative information is included. Later years generally follow a more predictable twelve-month cycle. Directors in Bury often find the first year the most confusing for exactly this reason.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation, and it serves a different purpose. Information from the accounts often feeds into the tax computation, but the two filings are separate, go to different bodies, and one does not complete the other. The company's first Corporation Tax accounting period may also differ from its statutory accounts period.

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

It may be able to, if it meets the eligibility requirements for the relevant accounting period — but being newly incorporated does not automatically make a company a micro-entity, and a company with low turnover does not automatically qualify either. If the criteria are met, the company may be able to prepare micro-entity accounts under FRS 105, the standard applicable to qualifying entities using that framework. Otherwise the small-company regime or full reporting may apply, depending on the company's circumstances.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If you are already overdue, the sensible step is to get the accounts prepared and filed as soon as possible, and to seek advice on whether an appeal may be appropriate given your circumstances and the applicable rules.

Do I still need to file a confirmation statement?

Yes, where one is due. A confirmation statement is a separate filing from the statutory accounts and confirms that the information Companies House holds about your company — such as directors, registered office and share capital — is correct. Filing your first-year accounts does not satisfy the confirmation statement requirement, and the confirmation statement does not replace the accounts. Directors remain responsible for keeping both up to date.