─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A company’s first set of statutory accounts is rarely just a formality. If you have recently incorporated a limited company in Charfield, Micro Entity Accounts can prepare your First Year Accounts for Limited Company, check the accounting records behind them and file the accounts with Companies House where required. We begin by confirming your accounting reference date and the period the accounts must cover, then work through the figures you hold — bank transactions, sales and income, business expenses, purchase invoices, asset purchases, director transactions, loans and share capital information. Where the company also has Corporation Tax obligations, any CT600 submission to HMRC is dealt with as a separate compliance matter, because Companies House accounts filing and HMRC filing have different purposes and destinations. Transparent fees, plain-English explanations and a director-friendly process from start to finish.

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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?

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally begins on the incorporation date and runs to its first accounting reference date. That period can be longer or shorter than a standard twelve-month year, which is one reason first-year accounts are not simply a repeat of the accounts a company will prepare in later years. Even a company with limited activity, or one that has not yet started trading, may still have a statutory reporting position to consider, and the position depends on the company’s own circumstances rather than any general assumption. The accounts themselves generally include a balance sheet, and a profit and loss account where applicable, together with the supporting notes and statements required by the applicable reporting framework. Directors remain responsible for ensuring the company meets its obligations, including keeping adequate accounting records and delivering accounts to Companies House where required. Filing the accounts does not mean Companies House reviews or approves their content, and it does not settle the company’s other compliance duties. Some newly incorporated companies in Charfield may qualify for the micro-entity framework, which is a simplified reporting regime set out under FRS 105 and available to entities that meet the applicable eligibility conditions for the relevant accounting period. Others may fall within the small-company regime or need to report under a fuller framework. Eligibility is assessed separately for each company and each period — it is not automatic, and low turnover alone does not settle the question. It also helps to keep three separate obligations apart. First-year statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A confirmation statement is a further, separate filing that keeps the company’s public information up to date. Completing one does not complete the others.

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 Set of Statutory Accounts Right the First Time

The first accounts period can be the hardest one to get right, because the company is new, the accounting period may be an unusual length and it is not always obvious which reporting framework applies. Micro Entity Accounts can help directors of newly incorporated companies work through that uncertainty — reviewing the records you have, identifying what is still missing, preparing the statutory accounts and supporting the Companies House filing where required. If your company also has Corporation Tax responsibilities, we can explain how those sit alongside the accounts as a separate HMRC matter. Whether your business has just started trading, has had a quiet first period or is still finding its feet in Charfield, getting professional help at this stage gives you a clear starting point.

─── 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 set of annual statutory accounts, covering the initial accounting period from incorporation to the first accounting reference date. They are usually made up of a balance sheet, a profit and loss account where applicable, notes and the statements required by the reporting framework the company uses. They are prepared for the company itself and delivered to Companies House where required.

When do a company's first accounts need to be filed?

The filing date depends on the company's incorporation date, its accounting reference date and the rules that apply to a first accounting period. First-year deadlines are often calculated differently from later years, so the only reliable approach is to check the company's own Companies House record rather than assume a standard twelve-month cycle. We confirm the applicable date for each company we act for and work towards it.

What information do you need to prepare first-year accounts for a new company?

It varies with the company's activity. Typically we would ask for bank statements and transaction listings, sales and income records, business expense receipts and purchase invoices, details of any assets bought, director loan movements, share capital information and any loan or finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. A new company with very little activity will need far less, and we tell you exactly what applies in your case.

Does a newly incorporated limited company in Charfield have to file accounts with Companies House?

In most cases yes, unless a specific exemption applies to the company's circumstances. Incorporating a limited company brings statutory filing obligations with it, and those obligations exist whether or not the company has started trading or generated income. If a company has had no significant accounting transactions, its reporting position still needs to be looked at properly rather than assumed to be dormant.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed at Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. Information from the accounts often feeds into the tax position, but the two filings are separate, go to different bodies and are not interchangeable. Filing one does not complete the other.

Do first-year accounts replace the confirmation statement?

No, they are different filings. A confirmation statement keeps the company's details at Companies House up to date, such as directors, registered office and share information, and it may be required even in a year when the company has little activity. Submitting first-year accounts does not remove the need to check whether a confirmation statement is due.

Can a newly incorporated company use micro-entity accounts or FRS 105?

Possibly, but not automatically. The micro-entity framework under FRS 105 is available to entities that meet the applicable eligibility conditions for the accounting period in question. Some new companies qualify, some fall within the small-company regime and others need a fuller framework. A company with low turnover is not necessarily eligible, and eligibility should be assessed on its own facts before the accounts are prepared.

What happens if first-year accounts are filed late?

Delivering accounts after the applicable deadline can lead to consequences from Companies House, and the outcome depends on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts have already been missed, the priority is to get them prepared and delivered, and to look at whether an appeal is appropriate under the applicable rules for companies in Charfield.