─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first accounts set the tone for every filing that follows. If you have recently incorporated a limited company in Cheadle Hulme, Micro Entity Accounts can help you prepare that first set of statutory accounts properly — reviewing your records, drafting the figures, and delivering the accounts to Companies House where required. We will also explain how the first accounting period works, what the balance sheet and profit and loss account need to show, and where Corporation Tax fits in. Preparing and submitting a CT600 to HMRC is a separate requirement from filing accounts with Companies House, and we will make that distinction clear so nothing is missed. Whether your company has been trading for months or has only just been set up, the aim is the same: accurate first year statutory accounts, prepared with the care a newly incorporated company needs.

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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, and When Does a Company Qualify as a Micro Entity?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period begins on the date of incorporation and normally runs to the company’s first accounting reference date, which may be set to the end of the month in which the company was incorporated, or adjusted by the directors where the rules allow. Because this first period is often longer or shorter than a standard twelve-month year, the figures can look different from those in later sets of accounts, and that is entirely normal. The accounts themselves are built from the company’s accounting records: bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records feed into the picture too. The result is a set of statutory accounts — typically a balance sheet, and a profit and loss account where applicable — together with the notes and statements required for the relevant reporting framework, including the directors’ responsibilities statement where required. Those accounts are then delivered to Companies House where the company is required to file them. Some companies may also qualify to report under the micro-entity framework, which uses the financial reporting standard FRS 105, or under the small company regime, but eligibility depends on the company’s circumstances and the applicable criteria for the accounting period in question. It is not automatic, and a newly incorporated company is not assumed to be a micro-entity simply because it is new or small. It is also worth being precise about what first year accounts are not. They are not a Corporation Tax Return — a CT600 is submitted to HMRC, not Companies House, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. They are not a confirmation statement, which is a separate filing that keeps the company’s public information up to date. And they are not a VAT Return. Each of these has its own purpose, its own destination and its own requirements, and sorting out one of them does not settle 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 Year Accounts Prepared Accurately, With Clear Fixed-Fee Support

Most directors of newly incorporated companies in Cheadle Hulme have the same worry: they are not sure what the first set of accounts should include, whether the company has to file at all, or which reporting framework applies. Micro Entity Accounts works with limited companies at exactly that stage, preparing first year statutory accounts from your records and supporting the Companies House filing where required. We will look at your accounting reference date, review the information you hold, and explain what else may need attention — such as the separate Corporation Tax position or a confirmation statement. Our approach uses clear pricing and transparent fees, with no hidden costs and no jargon. If you would rather have your first accounts handled properly from the outset than guess at them, get in touch and we will take it from there.

─── 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 accounts a company prepares for its initial accounting period, which starts on the date of incorporation. They are built from the company's accounting records and normally include a balance sheet, a profit and loss account where applicable, and the notes and statements required by the reporting framework the company uses. Once prepared, the accounts are delivered to Companies House where the company is required to file them. They are separate from a Corporation Tax Return, which goes to HMRC, and from a confirmation statement.

When are my company's first accounts due?

It depends on the company's incorporation date, its accounting reference date and the rules that apply to first accounts, which can differ from the position in later years. Because of this, two companies incorporated in different months can have different first filing dates even if they look similar on paper. The safest approach is to check the specific dates attached to your company rather than assume a standard twelve-month cycle. We can review your company's accounting reference date and confirm the position before any work begins.

What information do you need to prepare first year accounts for a new limited company in Cheadle Hulme?

Usually the accounting records covering the whole first accounting period. That can include bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director transactions and any loans or finance agreements. If the company runs payroll or is VAT registered, those records are relevant too. Not every company will have all of these, and there is no need to gather documents that do not apply. We will tell you what is needed once we understand how your company has operated.

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

In most cases a limited company is required to prepare and file statutory accounts with Companies House, and that obligation applies whether or not the company has started trading. Having limited activity does not automatically remove the requirement, and it does not automatically make a company dormant either — dormancy depends on the applicable rules and the company's actual circumstances. If your company has had very few transactions, it is worth discussing the position rather than assuming nothing needs to be filed.

Do I still need first year accounts if the company has not traded yet?

The company may still have statutory filing obligations even where it has not yet commenced trading or has had minimal activity. What that means in practice depends on the company's circumstances and the applicable rules, so it should be assessed individually rather than assumed. Where there have been no significant accounting transactions, the reporting position is determined by the relevant criteria, not simply by describing the company as dormant. It is also worth checking whether a Corporation Tax position needs to be dealt with separately alongside the accounts.

Are first year accounts the same as a CT600?

No. First year accounts are prepared for the company and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes and go to different places, and completing one does not complete the other. The figures in the statutory accounts often inform the tax return, but the company's first Corporation Tax accounting period may not be identical to its statutory accounts period. Both should be reviewed so the deadlines and content are handled correctly.

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

It may do, but not automatically. Micro-entity reporting under FRS 105 is available to entities that meet the applicable eligibility conditions for the relevant accounting period, and those conditions need to be checked against the company's own figures and circumstances. A new company with low activity does not necessarily qualify, and neither does every startup. If the company does not meet the criteria, the small company regime or full reporting requirements may apply instead. We can assess which framework fits and prepare the accounts accordingly.

What happens if first year accounts are filed late?

Failing to deliver statutory accounts to Companies House by the applicable deadline can lead to consequences, which vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to get them prepared and delivered. Where penalty appeals are relevant, eligibility depends on the specific circumstances and the rules in force at the time. Directors of companies in Cheadle Hulme and elsewhere remain responsible for ensuring filings are made, even where an accountant is engaged to help prepare them.