─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chalfont St Giles: Preparation and Filing Support

A newly incorporated limited company has statutory reporting duties from its very first accounting period, even if trading has been limited. Our First Year Accounts for Limited Company service in Chalfont St Giles covers the preparation of your first set of statutory accounts, a careful review of the underlying accounting records, and delivery of those accounts to Companies House where required. We look at how the first accounting period runs from incorporation to the first accounting reference date, how the figures are presented, and which reporting framework is appropriate for your circumstances. Where Corporation Tax applies, a CT600 and any related submissions go to HMRC separately from the Companies House accounts filing, and we can help you understand how the two fit together. Throughout the process, you keep a clear picture of what is being prepared, what is being filed and what remains outstanding.

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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 When Do They Apply?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new, and they are not the same as management figures or an internal summary. For a company incorporated in Chalfont St Giles, the first period normally begins on the date of incorporation and ends on the company’s first accounting reference date. Companies House sets that date automatically on incorporation, and the first period is not always a full twelve months, which is one reason first-year accounts often need closer attention than later ones. The accounts are built from the company’s accounting records. Depending on what the company has done, those records may include bank transactions, sales and other income, business expenses, purchase invoices, asset purchases, share capital information, director transactions, loans and finance, and payroll or VAT records where relevant. Not every company will have all of these, and a company with limited activity may still have filing obligations. Where there have been no significant transactions, the reporting position depends on the company’s circumstances and the applicable rules rather than being assumed to be dormant. Some newly incorporated companies meet the eligibility requirements for the micro-entity framework and may prepare simplified accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility depends on the company’s size and circumstances for the relevant accounting period, so it should be assessed rather than assumed. A company that does not qualify may instead report under the small-company framework or full standards where appropriate, and the directors remain responsible for ensuring the right framework is used. First-year statutory accounts are delivered to Companies House where required. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and separate again from the confirmation statement, which keeps the public register up to date. Filing the accounts does not complete those other obligations, and the information in the accounts may be used when preparing the company’s Corporation Tax position even though the filings have different purposes and destinations. Directors also stay legally responsible for the company’s compliance, including approving the accounts, even when an accountant prepares them.

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 Chalfont St Giles Prepared Correctly

Directors of newly incorporated companies often find the first accounting period the hardest to pin down. The period may not run for a full year, the records may be patchy if trading started slowly, and it is not always obvious which reporting framework applies or what Companies House expects to see. Micro Entity Accounts works with limited companies in Chalfont St Giles and across the UK on exactly this stage of their reporting history, reviewing the accounting records, preparing the first statutory accounts, and supporting the Companies House filing where required. We can also help you understand where the separate HMRC side of things, such as a CT600, fits into your wider compliance calendar. If your first period is approaching or you are unsure what has already been filed, it is worth checking the position early rather than leaving it until a filing date is close.

─── 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 prepared for the company's initial accounting period, which begins on the date of incorporation and ends on the first accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, prepared from the company's accounting records together with the notes and statutory information required by the applicable reporting framework. They are the company's first formal accounts rather than a set of internal figures, and each later accounting period builds on them.

When do first-year accounts need to be filed?

The deadline depends on the company's incorporation date and accounting reference date, together with the filing requirements that apply to it. Companies House sets the first accounting reference date when a company is incorporated, and the first period is not always twelve months long, so the timing can differ from one company to the next. Directors should check the dates recorded on the public register rather than assuming they match a company they have run before. If you are not sure what applies to a company registered in Chalfont St Giles, we can review the incorporation details with you and confirm the position.

What information is needed to prepare first-year limited company accounts?

It depends on what the company has done during the period. Typically we look at bank transactions and statements, sales and other income records, business expenses and purchase invoices, asset purchases, share capital information, director transactions, and any loans or finance arrangements. Payroll records may be relevant where the company has employees, and VAT records where it is registered. A company that has traded very little will naturally have fewer records, but we still need enough information to reflect the period accurately.

Does a newly incorporated company always have to file accounts with Companies House?

A newly incorporated company generally has statutory accounts obligations, and those obligations are not removed simply because incorporation was recent or activity has been limited. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Some companies may be able to file dormant accounts in defined circumstances, but that depends on the facts. The directors remain responsible for making sure the correct position is taken.

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

No. First-year statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The accounting information behind the accounts is often used when preparing the Corporation Tax position, but the two filings serve different purposes and go to different destinations. A company's first Corporation Tax accounting period and its statutory accounts period may also not be identical, so it is worth checking both separately. Filing one does not complete the other.

Can a new company qualify for micro-entity accounts and FRS 105?

Some newly incorporated companies do meet the eligibility requirements for the micro-entity framework and may prepare simplified accounts under FRS 105, but this is not automatic. Eligibility depends on the company's size and circumstances for the relevant accounting period, and a low turnover figure on its own does not settle the question. Companies that do not qualify may report under the small-company framework or full standards where appropriate. The right framework should be confirmed before the accounts are prepared rather than assumed after the event.

Does filing first-year accounts replace the confirmation statement?

No, they are separate requirements. The confirmation statement keeps the company's information on the public register up to date, while the first-year accounts report the company's financial position for its initial accounting period. A company may still need to submit a confirmation statement even where it has a straightforward first year, and it should keep details such as its registered office and directors current. Preparing the accounts does not remove that obligation.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences can vary depending on how overdue the filing is and the company's filing history. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. Where an appeal is considered, eligibility depends on the circumstances and the applicable rules rather than being available in every case. If a first-year filing has been missed, the priority is usually to get the accounts prepared and delivered as soon as possible.