─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Calmore, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts sets the tone for everything that follows, and for a newly incorporated business in Calmore it often raises more questions than any other filing. Micro Entity Accounts helps limited companies prepare their first year accounts for limited company purposes — reviewing the accounting records you hold, drafting the balance sheet and profit and loss account where applicable, and supporting the delivery of those accounts to Companies House where required. We also keep the wider picture clear: a Corporation Tax Return such as a CT600 is a separate submission made to HMRC, and a confirmation statement is a separate Companies House filing again. If you have recently incorporated and want your first accounting period handled accurately, we can work through it with you from the records up.

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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 Does the First Accounting Period Work?

First year accounts are the first set of statutory annual accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally begins on the date of incorporation and runs to the company’s first accounting reference date — although the exact period and any subsequent changes made to it depend on the company’s own circumstances and the filings it has made. These accounts are not optional simply because the company is new, and a limited company may still have statutory filing obligations even where it has traded very little or not yet started trading. Where required, the accounts are delivered to Companies House, while Companies House does not prepare the accounts, does not assess whether an accountant prepared them professionally, and does not approve them. The phrase “micro company” is often used loosely, but a company only uses the micro-entity accounting framework if it meets the eligibility requirements for the relevant accounting period. Not every newly incorporated company qualifies, and a low turnover figure alone does not automatically confirm eligibility. Where a company does qualify, FRS 105 — the financial reporting standard applicable to qualifying entities using the micro-entity framework — may allow for a simpler set of accounts, often centred on a balance sheet with limited notes. The right framework should be decided on the company’s eligibility and circumstances rather than assumed at the outset. It is also worth separating out the filings. First year statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where applicable, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate Companies House filing that confirms the company’s registered details are up to date. Preparing and filing first year accounts does not, by itself, complete any of those other obligations.

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 Calmore Prepared Accurately

The first set of statutory accounts is usually the point where a new director realises how much depends on getting the accounting records right — bank transactions, sales records, purchase invoices, asset purchases, director transactions and share capital details all feed into the numbers, and gaps are easier to resolve early than late. Micro Entity Accounts works with limited companies in Calmore on first year accounts for limited company purposes, from reviewing the records and determining the appropriate reporting framework to preparing the accounts and supporting the Companies House filing where required. Whether your company has been trading through the period or has had limited activity, we can talk through what applies to you, flag anything that needs attention, and help you approach your first filing date with a clear understanding of what has been done and why.

─── 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 company prepares after incorporation, covering its initial accounting period. That period usually starts on the date of incorporation and ends on the company's first accounting reference date, though the exact position depends on the company's own filings. The accounts show the company's financial position for that period — typically a balance sheet, and a profit and loss account where applicable — and are delivered to Companies House where required.

When are first accounts for a limited company due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not the same for every new company. Companies House sets out the first accounts due date when a company is incorporated, and that date should be checked against the company's own records rather than assumed. If you are unsure which period your first accounts cover or when they are due, it is worth confirming early, as the deadline can fall sooner after incorporation than many new directors expect.

What information is needed to prepare first year accounts?

It depends on what the company has done during the period. In practice, we usually need bank transactions and statements, sales and income records, business expenses, purchase invoices, details of any assets bought, director loan or expense transactions, share capital information, and any loans or finance arrangements. Payroll and VAT records may also be relevant where the company has those obligations. If the company has had little activity, the records needed will be correspondingly limited — but accurate records still matter.

Do new limited companies have to file accounts with Companies House?

A limited company generally has statutory accounts filing obligations from incorporation, and first year accounts are filed with Companies House where required. This applies even where the company has had limited activity or has not yet started trading, and it is separate from any Corporation Tax obligations. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules — it should not simply be assumed to be dormant.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where applicable, and the company's first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts. Information from the accounts is often used when preparing the Corporation Tax position, but the two filings serve different purposes and go to different destinations — one does not complete the other.

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

Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the applicable eligibility requirements for the relevant accounting period. Qualification is not automatic, and a company does not become a micro-entity simply because it has low turnover or has recently started up. Where a company does qualify, FRS 105 may allow a simpler set of accounts. The appropriate framework should be confirmed against the company's eligibility and circumstances before the accounts are prepared.

Do first year accounts replace the confirmation statement?

No — they are separate filings. A confirmation statement confirms that the company's registered details at Companies House are up to date, while first year accounts report the company's financial position for its initial accounting period. Filing one does not satisfy the other, and a limited company may still need to submit confirmation statements and keep its Companies House information accurate alongside its accounts obligations.

What happens if first year accounts are filed late?

Filing required accounts after the applicable deadline can lead to Companies House consequences, and the outcome depends on the circumstances and how late the accounts are. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is usually to prepare and file them as soon as possible, and to understand whether there are grounds to appeal any penalty under the applicable rules.