─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Callington - Prepared Properly, Filed Correctly

If you have recently incorporated a company and your first accounting period is coming to an end, a set of statutory accounts will need to be prepared. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Callington with preparing those first-year accounts, reviewing the accounting records behind them and delivering them to Companies House where required. It also helps to know where the boundaries sit: a Corporation Tax Return, such as a CT600, is a separate submission to HMRC and is not the same as your Companies House accounts filing. We start by confirming your accounting period, what records you hold and which reporting framework applies to your company.

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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? A Guide for New Limited Companies in Callington

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not replaced by submitting a Corporation Tax Return. A limited company must prepare annual accounts covering each financial year and, once those accounts are complete, deliver them to Companies House where required. For a newly incorporated company, that first set of accounts often covers a period that is not a standard twelve months, which is something directors frequently overlook. The first accounting period usually begins on the date of incorporation and ends on the company’s first accounting reference date. That accounting reference date is set when the company is formed, and it can be changed in certain circumstances, so it is worth confirming the position for your own company rather than assuming it matches another company’s. The length of the first period affects the figures that appear in the accounts and the dates that apply to filing, so it should be checked before preparation begins. Some limited companies may qualify for the micro-entity reporting framework, which allows a simplified set of accounts with reduced disclosure requirements. FRS 105 is the financial reporting standard applicable to qualifying entities that use that framework. Qualifying is not automatic: eligibility depends on the company’s size and circumstances for the relevant accounting period, and a company that does not meet the criteria prepares accounts under a different framework, such as the small company regime or full reporting. A newly incorporated company is not automatically a micro-entity, and the framework is not simply a matter of preference. When the accounts are prepared accurately, the balance sheet shows what the company owns and owes at the period end, and the profit and loss account, where applicable, shows the income and expenses for that period. The director approves the accounts and remains responsible for making sure the figures are correct and the filing obligations are met. Companies House does not prepare the accounts and does not approve them professionally or regulatorily; it receives and registers the documents filed with it. It also helps to keep the compliance workstreams separate. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not be identical to the period covered by its accounts. A confirmation statement is a separate filing that keeps the public register up to date, and filing first-year accounts does not replace it. VAT Returns are relevant only where a company is VAT registered.

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 Limited Company Accounts Prepared and Filed With Confidence

Many directors incorporate a company and only turn their attention to the first set of statutory accounts when the filing date is closer than they expected. If you are unsure which reporting framework applies to your company, your records are incomplete, or you have simply never prepared statutory accounts before, Micro Entity Accounts can help. We prepare first-year accounts for limited companies, work from the accounting records you hold, tell you clearly what information is still needed, and support you with filing the accounts with Companies House where required. We also set out which obligations sit separately, including any Corporation Tax Return, confirmation statement or VAT Return that applies to your company. Sorting out the first year properly makes every later year more straightforward, so it is worth getting professional support from the outset.

─── 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 limited company prepares, covering its initial accounting period. That period normally begins on the date of incorporation and ends on the company's first accounting reference date. The accounts typically include a balance sheet and, where applicable, a profit and loss account together with the notes required under the framework the company uses. They are separate from a Corporation Tax Return and from a confirmation statement.

When are first-year accounts due to be filed?

The due date depends on the company's accounting reference date and the length of its first accounting period, so a newly incorporated company's first accounts deadline is not necessarily the same as another company's. The accounting reference date and the next accounts due date are shown on the Companies House register, and it is sensible to check these on the register or confirm them with your accountant. If the accounting reference date is changed, the filing date can move as well.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done, but it usually includes bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, share capital information, movements on any director's loan account, and loan or finance agreements. Payroll records and VAT records matter where those apply. If the company has had very little activity, the records may be minimal, but the accounts still need to be prepared on the correct basis.

Does a new limited company in Callington have to file accounts with Companies House if it has not traded?

A limited company is required to prepare accounts for its accounting period and to deliver them to Companies House where required, whether or not it has generated income. Where a company has had no significant accounting transactions, it may in some circumstances be able to file dormant accounts, but that depends on the company's position and the applicable rules rather than being automatic. Professional advice helps confirm which route applies to your company.

Are first-year accounts the same as a CT600?

No. First-year accounts are statutory accounts delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Both draw on similar accounting information, but they serve different purposes and go to different destinations, and filing one does not file the other. The company's first Corporation Tax accounting period may also differ from the period covered by its statutory accounts.

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

It may do, but not automatically. The micro-entity framework, with FRS 105 as the applicable financial reporting standard, is available to companies that meet the eligibility requirements for the relevant accounting period. Size thresholds and conditions apply, and a company that does not qualify must report under another framework, such as the small company regime. Directors should check eligibility for their own circumstances rather than assume that a newly formed or quiet company qualifies.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the information held on the public register is up to date, and it has its own deadline. Filing statutory accounts does not satisfy the confirmation statement requirement, and submitting a confirmation statement does not complete the company's accounts filing. A limited company may need to do both.

What happens if first-year accounts are filed late?

Where required accounts are delivered after the applicable deadline, Companies House consequences can follow, and the outcome depends on the circumstances and how overdue the filing is. Paying any penalty does not remove the obligation to file the outstanding accounts. If accounts are already overdue, the usual priority is to prepare and file them as soon as possible, and whether an appeal is available depends on the reasons for the delay and the applicable rules.