─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Preparing a first set of statutory accounts is a new experience for most directors, especially when the company has only recently been incorporated. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Caterham on their first year accounts for limited company purposes — reviewing the accounting records you hold, preparing the balance sheet and, where applicable, a profit and loss account, and delivering the accounts to Companies House where required. We also help clarify how the incorporation date and accounting reference date shape the first accounting period, and whether the micro-entity or small company framework may be available if your company meets the eligibility requirements for the period. Corporation Tax is a separate matter: a CT600 is submitted to HMRC where applicable, and using figures from your accounts for tax purposes does not make the two filings the same thing. Support is provided on a clear, fixed-fee basis with no hidden costs.

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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 in Caterham, and When Could Micro-Entity Reporting Apply?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period — the period that begins on the date of incorporation and runs to the company’s first accounting reference date. They are not optional simply because the company is new. A limited company incorporated in Caterham, like any other UK company, is generally expected to prepare and deliver accounts to Companies House where required, even where activity has been minimal or trading has not yet begun. The first accounting period does not always run for twelve months, and Companies House applies specific rules to how the filing deadline for a first set of accounts is calculated. That is why the incorporation date and the accounting reference date matter far more than any assumption about when the company started trading or invoicing. It is worth separating the statutory accounts from the company’s other obligations. 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 its statutory accounts period. A confirmation statement is a separate filing again, used to keep the public register up to date. Delivering accounts to Companies House does not complete the confirmation statement, and filing a CT600 does not satisfy the accounts filing requirement. Some companies use the micro-entity accounting framework and report under FRS 105, the financial reporting standard for qualifying micro-entities, while others prepare accounts under a different framework. Whether micro-entity or small company reporting is appropriate depends on the company’s circumstances and the eligibility requirements for the relevant accounting period. It is not automatic for every newly incorporated company, and it should be confirmed before accounts are prepared.

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.

Professional First Year Accounts for Limited Company Directors in Caterham

If you are unsure what your first set of statutory accounts should include, which reporting framework fits your company, or what still needs to be sent to Companies House, you are not alone — these are among the most common questions raised by directors of newly incorporated companies. Micro Entity Accounts can assist with first year accounts preparation and filing, working from the accounting records you have, explaining the process in plain terms, and pointing out where a separate Corporation Tax or confirmation statement obligation may also apply. Get in touch to discuss your company’s position and the support you need.

─── 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 company's first statutory accounts, covering the initial accounting period from the date of incorporation to the first accounting reference date. Depending on the reporting framework used, they generally include a balance sheet and, where applicable, a profit and loss account, together with any notes the framework requires. They must be prepared from accurate accounting records and delivered to Companies House where required.

When are first year accounts due, and what happens if they are filed late?

The deadline is not the same for every company — it is calculated from the incorporation date and the accounting reference date, and Companies House applies particular rules to first accounts, which can cover a period longer than twelve months. If the applicable deadline passes without filing, Companies House can take action, and the outcome depends on how overdue the accounts are. Settling any penalty does not remove the obligation to file the outstanding accounts.

What records and information are needed to prepare first year accounts?

It depends on what the company has done since incorporation. Useful records may include bank statements and transactions, sales and income records, business expenses and purchase invoices, asset purchases, share capital details, director loans or other financing, and payroll or VAT records where applicable. Directors in Caterham with limited activity in the first period often have a shorter list, but the underlying records still need to be accurate and complete.

Does a new limited company have to file accounts with Companies House if it has not started trading?

In many cases a filing obligation still exists even where trading has not begun, but the position depends on the company's specific circumstances and the applicable rules. A company with no significant accounting transactions may need to consider whether a dormant accounts filing applies — that is a distinct position from simply having had a quiet first period, and it should be reviewed rather than assumed.

Are first year accounts different from the company's annual accounts?

They are the first set of annual accounts rather than a different type of filing. What often differs is the length of the period: the first accounting period may be longer or shorter than twelve months depending on the incorporation date and accounting reference date. Later periods usually run for twelve months, unless the company changes its accounting reference date.

Are first year accounts the same as a CT600 or Corporation Tax Return?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Figures from the accounts are often used when preparing the Corporation Tax position, but the two filings have different purposes and different destinations, and completing one does not complete the other.

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

Some newly incorporated companies do qualify for the micro-entity framework, but it is not automatic and not every company with modest activity will meet the criteria. Eligibility depends on the applicable thresholds and the company's circumstances for the relevant accounting period. Where a company qualifies, FRS 105 is the financial reporting standard used for micro-entity accounts. The appropriate framework should be confirmed before preparation begins.

Do first year accounts replace the confirmation statement?

No, they are separate obligations. The confirmation statement is used to confirm that the company's details held by Companies House remain accurate, and it does not replace the annual accounts. A company may still need to file a confirmation statement and keep its registered details up to date alongside preparing and filing its first statutory accounts.