─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Canvey Island: Professional Preparation and Filing Support

If your company was incorporated recently, it will usually need a first set of statutory accounts covering its initial accounting period, delivered to Companies House where required. Micro Entity Accounts helps directors of newly incorporated and newly trading limited companies in Canvey Island work through that process from the start: reviewing the accounting records you already hold, preparing the balance sheet and, where applicable, the profit and loss account, and supporting you through the filing. We also make the boundary clear between your Companies House accounts and your Corporation Tax position, because a CT600 is a separate submission made to HMRC and is not completed by filing accounts. The aim is simple — accurate first-year figures, no confusion about what is required, and a company record that starts on a sound footing.

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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 Limited Company, and When Can Micro-Entity Reporting Apply?

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 starts on the date of incorporation and ends on the company’s first accounting reference date. That opening period can be a different length from the twelve-month periods that apply to later years, so the sensible starting point is always the company’s own incorporation details and accounting reference date rather than an assumed pattern. These accounts are a statutory requirement, not an optional exercise. A company that has only recently been incorporated still has filing responsibilities to consider, and where accounts are required they are delivered to Companies House. Preparing them means drawing together the company’s accounting records — bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information and any loans or finance arrangements — and using those records to produce a balance sheet and, where applicable, a profit and loss account, along with the notes and statements the chosen framework requires. Some companies may qualify to report under the micro-entity framework, which is the simplified reporting regime available to entities that meet the applicable eligibility conditions for the relevant accounting period. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is not automatic and is not decided by how new or how small a company feels; the correct framework should be confirmed against the company’s own circumstances. A newly incorporated company is not automatically a micro-entity. It is just as important to be clear about what first-year accounts are not. Statutory accounts delivered to Companies House are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable. They are also separate from a confirmation statement, which updates Companies House on matters such as directors, shareholders and the registered office. Filing accounts does not by itself settle the company’s Corporation Tax position, and it does not replace a confirmation statement or any other compliance obligation. Directors remain responsible for ensuring the company meets its statutory duties, even when an accountant prepares and files the accounts on the company’s behalf.

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.

First Year Accounts for Limited Company in Canvey Island — Accurate Preparation, Clear Filing Support

The first set of accounts tends to raise questions a new director has not faced before: which records actually matter, how the company’s accounting period is determined, whether the micro-entity framework is available, and what genuinely needs to go to Companies House. Micro Entity Accounts works with limited companies and their directors in Canvey Island to prepare first-year accounts from the records you hold, talk the figures through with you, and support the filing process where required. If your company has recently been incorporated, or has been trading for a short while and the accounts date is approaching, arranging professional help now keeps the process clearer and reduces the chance of errors appearing in the information filed. Get in touch to discuss your company’s first-year 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 statutory annual accounts a company prepares after incorporation, covering its initial accounting period. That period generally begins on the date of incorporation and ends on the company's first accounting reference date. The accounts are built from the company's accounting records and will normally include a balance sheet, and where applicable a profit and loss account, together with the notes and statements required by the reporting framework the company uses. Where required, they are delivered to Companies House.

When are first accounts due?

The answer depends on the company's own details rather than a single rule that applies to everyone. Companies House sets an accounting reference date when a company is incorporated, and the first accounts filing deadline is calculated from that date and the incorporation date, so it can differ from the deadline pattern that applies in later years. The first accounting period can also be longer than the twelve months used for subsequent periods. If you are unsure what applies to your company, we can check the incorporation details and accounting reference date and confirm the position.

What information do I need to provide to prepare first-year accounts?

It depends on what the company has done, but typical records include bank statements and transaction listings, sales and income records, expense receipts and purchase invoices, 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 are relevant too. If some records are incomplete, that is common in a first period — the important thing is to review what exists and identify what still needs to be pulled together before the accounts are prepared.

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

In most cases a limited company has statutory accounts filing obligations, and being newly incorporated does not remove them. Where accounts are required, they are delivered to Companies House. A company may still have compliance responsibilities even where activity has been limited, and a confirmation statement may also need to be submitted separately to keep the company's public information up to date. Filing first-year accounts does not replace the confirmation statement, and Companies House does not approve accounts; it receives and records them.

Do we still need first-year accounts if the company has not traded?

Not trading does not automatically mean there is nothing to consider. The reporting position depends on the company's circumstances and the applicable rules, and in some cases accounts still need to be prepared and delivered. Whether a company can file as dormant is a separate question that turns on whether it meets the relevant conditions, and dormant accounts are not the same as full statutory accounts. It is worth reviewing the company's actual activity — including anything paid by or to the company — before assuming a particular route applies.

Are first-year accounts the same as a CT600?

No. They serve different purposes and go to different places. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Filing one does not complete the other. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ, so the two should be considered separately. Figures from the accounts may well inform the tax return, but that does not make them the same filing.

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

It can, but qualification is not automatic simply because a company is newly incorporated or has low activity. Micro-entity reporting depends on meeting the applicable eligibility conditions for the accounting period concerned, which relate to matters such as turnover, balance sheet total and employee numbers at the relevant thresholds. Where a company qualifies and chooses that framework, FRS 105 is the financial reporting standard that applies. For companies in Canvey Island who are unsure, the framework should be confirmed against the company's circumstances before the accounts are prepared.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and those consequences may become more significant the longer the accounts remain outstanding. Penalty amounts vary with the length of the delay and the company's circumstances, and paying a penalty does not remove the obligation to file the outstanding accounts. If a filing has been missed, the priority is usually to get the accounts completed and delivered as soon as possible. Whether a penalty can be appealed depends on the circumstances and the applicable rules.