─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Carshalto — Professional Preparation and Filing Support

A company’s first set of accounts sets the pattern for everything that follows. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Carshalto with their first year accounts — reviewing the accounting records you hold, preparing the statutory accounts, and delivering them to Companies House where required. We will explain how your first accounting period works, what needs to go into the balance sheet and profit and loss account where applicable, and what the directors are responsible for. Corporation Tax is a separate matter: any CT600 is submitted to HMRC where applicable, and it is not the same filing as your Companies House accounts.

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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 Does a New Company Qualify?

Every newly incorporated limited company has a first accounting period, and at the end of it the directors are responsible for producing the company’s first set of statutory accounts. These are the annual accounts for that initial period: a balance sheet showing what the company owns and owes at the period end, a profit and loss account where applicable, and the supporting notes and statements required by the reporting framework the company uses. Once prepared and approved by the directors, first year accounts are generally delivered to Companies House where required. The first accounting period normally starts on the date of incorporation and ends on the company’s first accounting reference date. That opening period can be longer or shorter than the twelve-month periods that follow, which is one reason first year accounts often look different from the accounts a company files in later years. The accounting reference date also affects when the accounts are due, so it is worth confirming early rather than working back from an assumed deadline. Micro-entity reporting is one option open to smaller companies, but it is not automatic. A company may be able to use the micro-entity framework, and FRS 105 — the financial reporting standard for qualifying micro-entities — only where it meets the applicable eligibility requirements for the relevant accounting period. Whether that framework suits a particular company depends on its size, circumstances and the rules in force for that period, so eligibility should be checked before the accounts are drafted rather than taken for granted. A company that does not qualify will prepare its accounts under a different framework. It also helps to keep first year statutory accounts separate from the other filings a company may have. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period does not always line up exactly with the period covered by the statutory accounts. A confirmation statement is a separate Companies House filing that keeps the public register up to date, and filing accounts does not replace it. VAT returns and payroll submissions, where a company has them, are separate again.

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 Carshalto Prepared Properly

If you are not certain what your company’s first accounting period covers, which figures belong in the accounts, or how the Companies House filing sits alongside your other obligations, you are in a familiar position — most directors only do this once. Micro Entity Accounts works with newly incorporated and early-stage limited companies in Carshalto to prepare first year accounts from the records you hold, explain what is required and why, and handle the filing with Companies House where applicable. If your paperwork is spread across spreadsheets, banking apps and a folder of receipts, we can work through it with you. Getting the first set of accounts right makes every later year simpler, so it is worth having a professional look at it now.

─── 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 company prepares, covering its initial accounting period — usually from the date of incorporation to its first accounting reference date. They typically include a balance sheet, a profit and loss account where applicable, and the notes and statements required by the reporting framework the company uses. Once the directors approve them, they are generally filed with Companies House where required.

When are first year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, and the first period does not always run for the same length as later periods. Because of that, there is no single date that applies to every new company. The safest approach is to confirm your company's accounting reference date and filing requirements early, rather than assuming the deadline matches the one that will apply in future years.

What information do you need to prepare first year accounts?

It depends on what the company has been doing, but common items include bank statements and transaction listings, sales or income records, business expense receipts, purchase invoices, details of any assets bought, share capital information, movements on any director's loan account, and details of loans or finance agreements. Payroll and VAT records are relevant where the company has those obligations. We can work from whatever you have and help fill the gaps where records are incomplete.

Do new limited companies have to file accounts with Companies House, even with little activity?

In most cases a company still has accounts filing obligations, even where it has traded very little or has not yet started trading. A quiet first period does not automatically mean the company is dormant for filing purposes — dormancy is a specific position that depends on the company's circumstances and the applicable rules. It is worth checking your position rather than assuming no filing is needed.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in your accounts often feed into the tax computation, but the two filings serve different purposes and go to different places. Filing your accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete your Companies House filing. The company's first Corporation Tax accounting period may also differ from the period covered by the statutory accounts.

Do first year accounts replace a confirmation statement?

No — they are separate filings. A confirmation statement keeps the information on the public register up to date, such as directors, shareholders and registered office details, and it is due regardless of whether accounts have been filed. Filing first year accounts does not satisfy the confirmation statement requirement, and the two are usually dealt with at different points in the year.

Can a newly incorporated company qualify for micro-entity accounts?

Some new companies do, but it is not automatic, and a low level of activity or turnover on its own does not decide it. Eligibility depends on the criteria set out in the applicable company law and accounting standards for the relevant accounting period, and FRS 105 applies only to entities that qualify for the micro-entity framework. We check eligibility as part of preparing the accounts for companies in Carshalto, then use the framework that fits the company's circumstances.

What happens if first year accounts are filed late?

Companies House can take action where accounts are delivered after the applicable deadline, and late filing penalties may apply — the amount depends on how late the accounts are and the company's circumstances. Paying a penalty does not remove the requirement to file the outstanding accounts. Appeals are possible in certain situations, but whether an appeal is available depends on the facts and the applicable rules. If your first accounts are already overdue, it is usually better to address it promptly than to leave it.