─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chapel-en-le-Firth, Prepared and Filed With Professional Support

The first set of statutory accounts a limited company produces shapes how its financial history reads from that point on. If you have recently incorporated a company in Chapel-en-le-Firth, Micro Entity Accounts can help you prepare accurate first-year accounts, review the accounting records behind the figures, and file the statutory accounts with Companies House where required. We also keep the wider compliance picture in view. A Corporation Tax Return such as a CT600 is submitted separately to HMRC, and the first Corporation Tax accounting period does not always match the period covered by the statutory accounts. Whether your company has been trading for several months or has had very little activity so far, professional support helps you understand what is required, what the accounts should contain and how the reporting framework applies to your company.

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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 Where Do They Fit in Your Company's Compliance?

Every newly incorporated limited company has to deal with a first set of statutory accounts. These are the company’s first-year accounts: the formal financial statements covering its initial accounting period, which runs from the date of incorporation to its first accounting reference date. That reference date is derived from the incorporation date, which is one reason the first accounting period is not the same length for every company — it is often longer than the twelve months a later period would normally cover. The accounts are prepared for the company’s shareholders and are delivered to Companies House where required. Depending on the company’s circumstances, they may include a balance sheet, a profit and loss account where applicable, supporting notes, and the disclosure of directors’ responsibilities that sits behind them. The framework used matters. A company that meets the applicable eligibility requirements for the relevant accounting period may qualify as a micro-entity, in which case FRS 105 is the financial reporting standard that applies to that micro-entity reporting framework. Eligibility is not automatic, and the appropriate framework should be confirmed against the company’s own circumstances rather than assumed. It also helps to keep three separate obligations apart. First-year statutory accounts are a Companies House matter. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC, and the company’s first Corporation Tax accounting period may not line up exactly with the statutory accounts period. A confirmation statement is separate again — filing accounts does not replace it, and it does not replace the accounts.

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.

Prepare Your First Year Accounts for Limited Company in Chapel-en-le-Firth With Professional Support

If you are a director in Chapel-en-le-Firth and unsure what your company’s first set of statutory accounts should contain, or which reporting framework applies to a business that has only recently been incorporated, that uncertainty is understandable. The first accounting period is usually the one directors have never dealt with before, and it can be harder to interpret when trading has been limited or the accounting records are still being assembled. Micro Entity Accounts can help you prepare your first-year accounts, work through the underlying records, and file the accounts with Companies House where required, with clear pricing and no hidden costs. It is worth getting the first set right, because the figures you file become the starting point for everything that follows.

─── 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 set of statutory accounts a newly incorporated limited company prepares for its initial accounting period. That period generally begins on the date of incorporation and ends on the company's first accounting reference date, so it can be longer than the twelve months a later accounting period would normally cover. The accounts are prepared for the shareholders and are filed with Companies House where required. They may include a balance sheet, a profit and loss account where applicable, notes and supporting disclosures, and they sit alongside the directors' ongoing responsibilities for the company's records and filings.

When are first accounts due?

The timing depends on your company's incorporation date and its accounting reference date, because the first accounting period starts at incorporation and ends on that reference date. Companies House then applies its own filing requirements, and the relevant deadline is based on the accounting reference date rather than on when the accounts were actually prepared. Because first periods vary in length, it is sensible to confirm your company's specific dates early instead of assuming they match a later financial year. We can help you identify the dates that apply to your company.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period, but typical records include bank transactions and statements, sales and income records, purchase invoices and receipts, details of any assets purchased, director transactions and any loans to or from the company, share capital information, and payroll or VAT records where those apply. Not every company will have all of these. The aim is simply to have a complete and accurate picture of the company's financial activity for the period, which is why tidy accounting records make the preparation process considerably smoother.

Do new limited companies have to file accounts with Companies House?

Generally, yes, where the company is required to file statutory accounts. A recent incorporation does not remove that obligation, and having limited activity — or not having started trading yet — does not automatically mean there is nothing to file. A company with no significant accounting transactions may in some circumstances be able to file dormant company accounts, but whether that applies depends on the company's own position and the applicable rules rather than on the fact that it is new. Directors remain responsible for making sure the correct filing is made.

Are first-year accounts the same as a CT600?

No. They serve different purposes and go to different places. First-year statutory accounts are prepared under the applicable reporting framework and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations. The figures in the accounts often provide useful starting information when working out the company's tax position, but filing accounts does not submit a CT600, and filing a CT600 does not complete the Companies House accounts filing.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity framework, but it is not automatic simply because a company is new, small or has low turnover. Qualification depends on whether the company meets the applicable eligibility requirements for the relevant accounting period, which is why eligibility should be checked rather than assumed. Where a company does qualify, FRS 105 is the financial reporting standard that applies to entities using the micro-entity accounting framework. If micro-entity reporting is not appropriate, another framework may be needed instead.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that confirms the company's information held at Companies House, such as its registered office, directors, shareholders and share capital. Filing first-year statutory accounts does not replace it, and submitting a confirmation statement does not satisfy the accounts filing requirement. A company may need to deal with both, and keeping Companies House information up to date is part of the directors' ongoing responsibilities.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties depending on how overdue the accounts are. The exact outcome varies with the circumstances, and paying a penalty does not remove the requirement to file the outstanding accounts. Where a penalty is issued, whether an appeal is possible depends on the specific situation and the applicable rules. If your first-year accounts for a company in Chapel-en-le-Firth or elsewhere are already overdue, it is usually best to get advice promptly rather than wait.