─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Buxton, Prepared and Filed with Professional Support

If your company has been incorporated recently, its first set of statutory accounts needs to be prepared for the initial accounting period and filed with Companies House where required. For directors across Buxton, the practical questions usually come first: which dates the accounts cover, what records are needed, and how the accounts sit alongside the company’s other compliance duties. Micro Entity Accounts supports directors with First Year Accounts for Limited Company preparation, reviewing the underlying accounting records and completing the Companies House filing where applicable. We can also work through the figures that inform the company’s Corporation Tax position, which is a separate matter dealt with through HMRC, typically by way of a CT600, rather than through Companies House.

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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 When Can That Framework Be Used?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period normally starts on the incorporation date and runs to the company’s first accounting reference date, although the length of a first period can differ from a normal twelve-month year and may be altered in certain circumstances. These accounts are not optional simply because the company is new, and a filing obligation can exist even where activity has been limited. Where required, the accounts are delivered to Companies House, which registers them; it does not approve them, and it does not assess whether an accountant prepared them. A micro company is a company that meets the eligibility conditions for the micro-entity reporting framework for the relevant accounting period. Where those conditions are met, accounts may be prepared under that framework, and FRS 105 is the financial reporting standard that applies to qualifying micro-entities. Not every newly incorporated company qualifies, and a company that does not may instead fall within the small-company framework or another basis of reporting, depending on its circumstances. It is also worth keeping the separate filings distinct: statutory accounts go to Companies House, a Corporation Tax Return such as a CT600 goes to HMRC where applicable, and a confirmation statement is a further, standalone filing that keeps the public register up to date.

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 Buxton Prepared Accurately

First-year reporting often raises more questions than later years, particularly when the accounting period is longer than expected or the records are not yet in a tidy state. Micro Entity Accounts can help you work through the position, from organising the accounting records and confirming the reporting framework that fits your company through to preparing the statutory accounts and supporting the Companies House filing where required. If you are unsure what your first year involves, or whether your company meets the criteria for micro-entity reporting, it is worth having the figures reviewed before the filing window becomes tight. Clear pricing, no hidden costs and straightforward explanations of each step make it easier for directors in Buxton to move forward with confidence.

─── 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 accounts prepared for a company's initial accounting period. That period generally runs from the incorporation date to the company's first accounting reference date, although a first period can be longer or shorter than a standard twelve-month year. The accounts usually include a balance sheet, together with a profit and loss account and notes where the applicable reporting framework requires them. Directors remain responsible for ensuring the accounts are prepared and filed, even where an accountant is engaged to handle the work.

When are first year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and how long its first accounting period runs, so it is not identical for every company. First-period filing requirements can also differ from later years. Rather than relying on a general rule of thumb, check the company's own filing information at Companies House or take advice on the specific deadline that applies to your company before the period ends.

What information is needed to prepare first year accounts?

The exact list depends on what the company has done since incorporation. Useful records typically include bank statements and transactions, sales and income records, purchase invoices and receipts, details of asset purchases, share capital information, any director transactions or loans, and finance agreements. Payroll or VAT records may also be relevant where the company is registered. Company details such as the incorporation date, registered office and accounting reference date are needed as well.

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

In most cases, yes. Companies House expects most companies to file annual accounts, and a newly incorporated company will usually have a first filing obligation, even where activity has been limited. Filing first year accounts does not replace the confirmation statement, which is a separate annual filing that keeps the public register accurate. Companies House registers the accounts that are delivered to it; it does not prepare them, approve them or confirm how they were produced.

Are first year accounts the same as a CT600?

No. The statutory accounts are prepared for the company and filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The two serve different purposes and go to different bodies, so filing one does not complete the other. The figures in the accounts often inform the Corporation Tax position, and the company's first Corporation Tax accounting period may not necessarily match the period covered by its statutory accounts.

Do first year accounts need to be filed if the company has not traded?

A company can still have statutory filing obligations even where it has had limited activity or has not yet commenced trading, so the position should be checked rather than assumed. Where there have been no significant accounting transactions, the correct treatment depends on the company's circumstances and the applicable rules, and this does not automatically make the company dormant. Directors may also need to consider whether HMRC should be informed about the company's trading status.

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

Some newly incorporated companies do qualify, but it is not automatic and low activity alone does not settle the question. Eligibility depends on meeting the conditions of the micro-entity framework for the relevant accounting period. Where those conditions are met, accounts may be prepared under the micro-entity framework, and FRS 105 is the standard applicable to qualifying micro-entities. If the company does not qualify, another framework such as the small-company regime may apply instead, depending on its circumstances.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not always the same for every company and every delay. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so the filing still needs to be completed. If you believe there were valid reasons for the delay, an appeal may be possible, but eligibility depends on the circumstances and the applicable rules, and professional advice is worth taking.