─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

For a newly incorporated or newly trading limited company, the first set of statutory accounts can raise practical questions. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company in Chalfont, from reviewing your accounting records and preparing the balance sheet and profit and loss account where applicable, through to filing with Companies House where required. We can also help you understand how first-year accounts sit alongside separate obligations such as a Corporation Tax Return or CT600 for HMRC, and a confirmation statement, so you can keep your company’s compliance on track.

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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? Guidance for Chalfont Limited Companies

First-year accounts are the first set of annual statutory accounts a newly incorporated limited company prepares for its initial accounting period. The period generally begins on the date of incorporation and ends on the company’s first accounting reference date, although the exact dates and filing requirements depend on the company’s circumstances and Companies House rules. These accounts are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and from a confirmation statement, which is a separate Companies House filing. The company’s first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical. If a company meets the applicable eligibility criteria, it may be able to use the micro-entity accounting framework and FRS 105, but that depends on its individual circumstances for the relevant accounting period. Directors remain responsible for ensuring the company meets its statutory obligations, even when professional support is used. Accurate accounting records — including bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information, loans and finance, and payroll or VAT records where applicable — help ensure the accounts are prepared correctly and filed on time where required.

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 Prepared with Confidence

If your new company is approaching its first accounts deadline and you are unsure what records are needed or which reporting framework applies, Micro Entity Accounts can help. We provide professional support with preparing and filing First Year Accounts for Limited Company in Chalfont, reviewing your accounting records and helping you meet your Companies House obligations where required. Whether you have recently incorporated, started trading, or had limited activity, getting the right support early can help you avoid unnecessary confusion and keep your focus on running the business.

─── 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?

First-year accounts are the first statutory accounts a limited company prepares for its initial accounting period. They typically include a balance sheet and, where applicable, a profit and loss account, and are prepared under the relevant reporting framework. These accounts are filed with Companies House where required, separate from any Corporation Tax Return submitted to HMRC.

When are first accounts due for a new limited company?

The due date depends on the company's incorporation date, its accounting reference date, and Companies House requirements. It is not the same for every company. We can help you understand the applicable deadline based on your company's specific circumstances.

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

You will usually need accounting records such as bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information, loans and finance details, and payroll or VAT records where applicable. The exact information depends on what the company has done since incorporation.

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

Yes, a limited company generally must file statutory accounts with Companies House where required, even if it has had limited activity or has not yet started trading. The reporting position depends on the company's circumstances and applicable rules, and it may still have filing obligations.

Do I need to file first-year accounts if my company has not traded?

A company may still have statutory filing obligations even if it has not traded or has had limited activity. Whether it needs to file accounts, and under what framework, depends on its particular circumstances and applicable rules. It is best to seek professional advice rather than assume no filing is required.

Are first-year accounts the same as a CT600?

No. First-year accounts are statutory accounts filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable. The two are separate, though information from the accounts may be used when preparing the company's Corporation Tax position.

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

Some newly incorporated companies may qualify for the micro-entity framework if they meet the applicable eligibility requirements for the relevant accounting period. It is not automatic, and FRS 105 applies only to qualifying entities. The appropriate reporting framework should be determined based on the company's circumstances.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can result in Companies House consequences. The outcome depends on the circumstances and applicable rules. Paying any penalty does not remove the requirement to file the outstanding accounts. Professional support can help you address overdue filings.