─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Buxted, Prepared and Filed with Confidence

If you have recently incorporated a company, your first set of statutory accounts is one of the earliest compliance milestones you will face as a director. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Buxted prepare their first year accounts for limited company purposes — reviewing the accounting records, drafting the statutory accounts in the appropriate reporting framework, and supporting delivery to Companies House where required. Where a company also has Corporation Tax obligations, we can assist with the separate CT600 submission to HMRC, keeping in mind that the Companies House filing and the HMRC return serve different purposes and are submitted in different places.

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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 How Do They Differ from Other Filings?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. That period generally starts on the date of incorporation and runs to the company’s first accounting reference date, which is usually set by reference to the month in which the company was incorporated. Directors can sometimes change the accounting reference date, so the length and end point of the first period is not identical for every company — a shortened or extended period may apply depending on the circumstances and the rules in force at the time. These accounts are not optional. A company incorporated in Buxted has statutory accounts obligations under the Companies Act framework from the outset, and those obligations are separate from registering for VAT, submitting a confirmation statement, or dealing with Corporation Tax. The accounts are normally filed with Companies House where required, using the format and reporting framework that suit the company’s circumstances. Where a company meets the applicable eligibility tests for the period in question, it may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard for qualifying entities using the micro-entity framework. Eligibility is assessed on the company’s own position and the requirements of the relevant accounting period — it is not automatic for every new company, and a low level of activity does not by itself confirm which framework applies. The typical micro-entity balance sheet is short: it shows the company’s assets and liabilities at the period end, together with share capital and any reserves. A profit and loss account may not be required in the filed version for eligible micro-entities, but the underlying records still need to support the figures. Only a small number of notes are usually required, and directors must still confirm that the accounts give a true and fair view on the basis permitted by the framework. It is worth being clear about what first year accounts are not. They are not a Corporation Tax Return — a CT600 is submitted to HMRC, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. They are not a confirmation statement, which is a separate annual filing that keeps Companies House information up to date. Getting the accounts right early makes later filings and any tax work considerably more straightforward.

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 Buxted Prepared Properly

Many directors incorporate a company and only later realise that the first statutory accounts period has already begun. Working out which reporting framework applies, which figures belong in the balance sheet, and how the accounts reach Companies House can be difficult without help — particularly if the records are still sitting in a spreadsheet or a folder of receipts. Micro Entity Accounts provides clear, fixed-fee support with first year accounts for limited company directors in Buxted, from reviewing your accounting records through to preparing the accounts and assisting with the Companies House filing where required. If you would rather start your company’s compliance history on a sound footing than reconstruct it after the event, speak to us about your first accounting period.

─── 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 limited company produces after incorporation, covering the company's initial accounting period. The period normally begins on the incorporation date and ends on the first accounting reference date, although that date can sometimes be changed. The accounts are prepared from the company's accounting records and are delivered to Companies House where required. They are separate from a Corporation Tax Return and from the confirmation statement.

When are a company's first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, and Companies House applies different timing rules to a first set of accounts than to later years. Rather than assume a date, it is worth confirming the position for your specific company. If you have incorporated recently, checking your Companies House record early gives you the clearest picture of the period you need to cover and when the accounts are expected.

What information do you need to prepare first year accounts?

Usually the records that show what happened in the accounting period: bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, loans or finance arrangements, and any director transactions. Where the company runs payroll or is VAT registered, those records also feed into the figures. Not every company will have all of these — a company with limited activity still needs to explain its position accurately rather than guess.

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

In most cases, yes. A limited company has statutory accounts obligations from incorporation, and the first set of accounts is normally filed with Companies House where required. Operating quietly, having no customers yet, or waiting to start trading does not automatically remove that obligation. If 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.

Are first year accounts the same as annual accounts?

They are the same type of document — the first set simply covers the company's opening accounting period, which is often longer or differently structured than later periods. From the second period onwards, the accounts usually cover a standard twelve-month accounting reference period. The framework used may also change over time if the company's size or circumstances change, so eligibility for micro-entity reporting is worth reviewing each year.

Is a first set of accounts the same as a CT600?

No. The statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts are often used as the starting point for the tax position, but the two filings have different purposes, different formats and different destinations. Completing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some newly incorporated companies do qualify for the micro-entity framework, and FRS 105 is the standard that applies to entities reporting under it. Qualification depends on meeting the applicable eligibility requirements for the relevant accounting period, so it is not automatic for every startup or every company with modest income. The appropriate framework should be determined by looking at the company's own circumstances rather than assumed in advance.

What happens if first year accounts in Buxted 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 does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to get accurate accounts prepared and delivered as soon as possible; appeal eligibility depends on the circumstances and the rules that apply, so that is something to assess individually rather than assume.