─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chatteris, Prepared and Filed With Professional Support

Once a company is incorporated, the directors take on a set of statutory obligations that begin well before the first year is over. The most immediate of these is preparing the company’s first set of annual accounts. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Chatteris through that process from start to finish: reviewing the accounting records you hold, preparing the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. If the company also has Corporation Tax obligations, those sit with HMRC and a CT600 is a separate submission from your Companies House accounts. Our focus is on getting the first-year figures accurate, consistent and prepared under the right reporting framework.

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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 Why Does a New Limited Company Need Them?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period normally starts on the date of incorporation and runs to the company’s first accounting reference date, which Companies House sets when the company is formed. Because the first period is often longer than a standard twelve months, the length of the period itself can catch directors out — the accounts must cover the whole of it, not just the portion that feels like a trading year. Statutory accounts are not optional and they are not triggered by trading. The obligation to prepare accounts for each financial year comes from company law, and for a new company that means preparing a first set of accounts covering the period from incorporation. Where required, those accounts are delivered to Companies House. Filing them is a distinct task from submitting a Corporation Tax Return, such as a CT600, to HMRC, and it is also distinct from the confirmation statement, which confirms the company’s registered information rather than reporting its financial results. Filing one of these does not complete the others. The content of the accounts depends on the framework the company uses. A qualifying company may be able to prepare accounts under the micro-entity framework, which uses the financial reporting standard FRS 105, while other companies prepare fuller accounts under a small-company or other framework. Eligibility for the micro-entity regime depends on meeting the applicable conditions for the relevant accounting period, so it should be assessed against the company’s own circumstances rather than assumed — not every newly incorporated company will qualify, and a low level of activity does not automatically mean micro-entity reporting applies. In practice, first-year accounts usually include a balance sheet and, where applicable, a profit and loss account, together with any notes the framework requires. The figures come from the company’s accounting records: bank transactions, sales and income, business expenses, purchase invoices, asset purchases, director transactions, share capital details and any loans or finance arrangements. Payroll and VAT records may also be relevant where those apply. Companies in Chatteris that have only recently been incorporated often find the first year is the point at which their record-keeping is tested for the first time, which is why it helps to have the accounts prepared by someone who deals with newly formed companies regularly.

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 Prepared Accurately and Filed on the Right Basis

If your company is approaching the end of its first accounting period, the uncertainty usually centres on a few practical questions: which records are actually needed, which reporting framework applies, and what has to be sent to Companies House. Micro Entity Accounts works with newly incorporated limited companies in Chatteris to answer those questions and then prepare the accounts properly — checking the figures against your records, drafting the statutory accounts and supporting you through the filing process where it applies. Because Corporation Tax and confirmation statement obligations run alongside the accounts rather than being covered by them, we also help you see how the pieces fit together. Speak to us about your first accounting period and let the first set of accounts be one thing you do not have to second-guess.

─── 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 company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company's first accounting reference date, which Companies House sets when the company is formed. They usually include a balance sheet and, where applicable, a profit and loss account, plus any notes the applicable reporting framework requires. The directors are responsible for making sure they are prepared and, where required, filed.

When are first accounts due for a company incorporated in Chatteris?

It varies. The due date depends on the company's accounting reference date and the length of the first accounting period, so it is not identical for every company. Companies House generally allows a longer period for a first set of accounts than for later years, but you should check the company's own record rather than assume a date. If you are unsure what applies to your company, we can confirm the position and work to it.

What information is needed to prepare first-year accounts?

Typically we need the incorporation details and share capital information, bank statements and transaction records covering the period, sales and income records, purchase invoices and business expenses, details of any assets purchased, director loan movements, and payroll or VAT records where those are relevant. Not every company will have all of these. A period with very little activity is still useful information, because it shapes how the accounts are presented.

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

In most cases, yes. A limited company must prepare statutory accounts for its financial year and deliver them to Companies House where required, and that obligation begins from incorporation rather than from the point the company starts trading. This filing is separate from a Corporation Tax Return submitted to HMRC and separate from the confirmation statement, so each obligation needs to be dealt with individually.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often provide the starting point for the tax return, but the two documents have different purposes and go to different places. Completing one does not satisfy the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Do first-year accounts need to be filed if the company has not traded?

It depends on the circumstances rather than on a simple rule. A company with no significant accounting transactions may be in a position to file dormant accounts, but that is a specific status and it is not automatic just because trading has not started. A company that has incurred costs or holds a bank account with activity, for example, is generally not dormant. We can review what has happened during the period and confirm the appropriate approach.

Can a newly incorporated company qualify for micro-entity accounts?

Some do. The micro-entity framework, which uses the financial reporting standard FRS 105, is available to companies that meet the eligibility conditions for the relevant accounting period. Those conditions are assessed against the company's own figures, so qualification is not automatic and should not be assumed simply because a business is new or small. Eligibility is normally checked as part of preparing the accounts.

What happens if first-year accounts are filed late?

If accounts are delivered after the applicable deadline, Companies House can take action, and the consequences generally become more significant the longer the accounts remain outstanding. Paying any penalty does not remove the requirement to file the accounts. If a deadline has already passed, or you are in Chatteris and think one may be approaching, it is worth speaking to us promptly so the outstanding accounts can be prepared and submitted. Whether a penalty can be appealed depends on the circumstances and the applicable rules.