─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Cheadle

If you have recently incorporated a company and are approaching the end of your first accounting period, First Year Accounts for Limited Company in Cheadle is the point where statutory reporting becomes a real obligation rather than a future task. Micro Entity Accounts supports directors through that first set of accounts — reviewing the accounting records you hold, preparing a balance sheet and, where applicable, a profit and loss account, and helping to deliver the accounts to Companies House where required. We also explain how first-year accounts differ from a Corporation Tax Return such as a CT600, which is a separate submission to HMRC, and from other obligations like confirmation statements. Whether you have been trading steadily, have had limited activity, or are still finding your feet, the aim is to get the first statutory accounts prepared accurately and on a basis that suits your company’s circumstances.

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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 How Do They Work?

First-year accounts are the first set of annual statutory accounts a limited company prepares, covering its initial accounting period. That period normally begins on the date of incorporation. It may run for a full twelve months, or it may be longer or shorter depending on how the company’s accounting reference date falls and on the applicable Companies House requirements. This is why two companies incorporated in the same month can still face different first-year reporting periods — the dates matter, and they are set by reference to the accounting reference date rather than by a single rule that applies to everyone. Preparing those accounts means pulling the company’s accounting records into a coherent set of financial statements. For a straightforward, newly incorporated company that typically includes a balance sheet showing assets, liabilities and shareholders’ funds, together with a profit and loss account where applicable. Directors’ responsibilities around the accounts and the underlying records also sit with the company, not with any third party, even where an accountant has been engaged to prepare and file the figures. The word ‘micro’ is a reporting framework, not a description of any new company. Some companies qualify as micro-entities and may be able to prepare simpler accounts under the micro-entity framework, with FRS 105 being the financial reporting standard that applies to qualifying entities using it. Others may fall within the small-company regime, and some may not qualify for either. Eligibility depends on the company’s size and circumstances for the relevant period, so it is worth checking rather than assuming. It also helps to separate first-year statutory accounts from the other filings a company may have. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable, and the first Corporation Tax accounting period does not always line up exactly with the statutory accounts period. A confirmation statement is a further, separate filing that keeps the public register up to date. Filing one does not complete the others, and none of them can be safely skipped on the basis that the company has been quiet.

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 Statutory Accounts Prepared With Confidence

Most directors of newly incorporated companies in Cheadle have the same worry in the months before their first accounts are due: that something in the figures, the accounting period or the filing itself has been overlooked. That is exactly where professional support earns its place. Micro Entity Accounts can review the records you hold, confirm which reporting framework appears to apply, prepare the balance sheet and profit and loss account where applicable, and assist with filing the accounts with Companies House where required — while keeping the separate HMRC side of things clearly identified. If you would rather not work through your first accounting period alone, get in touch and we can talk through where your company stands.

─── 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 its initial accounting period. That period usually starts on the date of incorporation and ends on the company's first accounting reference date, although the length of the period can vary. The accounts typically include a balance sheet and, where applicable, a profit and loss account, and they are delivered to Companies House where required.

When are first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, not on a single fixed rule. Companies House sets out the filing requirements based on those dates, and a first accounting period is often treated differently from later periods. Rather than working from a rough assumption, it is worth confirming the exact date that applies to your company before the period ends.

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

It varies with what the company has actually done. Typically we would look at bank transactions, sales and income records, business expenses and purchase invoices, any asset purchases, director transactions or loans, share capital information, and payroll or VAT records where those apply. If the company has had very little activity, the records needed will be correspondingly lighter — but the reporting position still depends on the company's circumstances rather than being assumed.

Does a new limited company have to file accounts with Companies House?

In most cases yes, even where the company has not yet started trading or has had minimal activity. Statutory accounts are separate from a confirmation statement and from any Corporation Tax Return, so meeting one obligation does not satisfy the others. If the company has genuinely had no significant accounting transactions, its reporting position needs to be looked at on its own facts rather than automatically treated as dormant.

Are first-year accounts different from annual accounts?

They are annual statutory accounts, but the first set has its own characteristics. The initial accounting period can be longer or shorter than twelve months, which affects what the accounts cover and when they fall due. Later periods usually settle into a more predictable rhythm once the accounting reference date is established.

Are first-year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Information from the accounts is often used when preparing the company's Corporation Tax position, but the two filings have different purposes and different destinations, and one does not automatically complete the other.

Can a new company qualify for micro-entity accounts?

Some do, but not all, and age alone does not determine it. Micro-entity status is based on meeting the applicable eligibility requirements for the relevant accounting period. A company that qualifies may be able to prepare simpler accounts under the micro-entity framework, with FRS 105 applying to qualifying entities that use it. Companies that do not qualify would report under a different framework, so eligibility should be checked rather than assumed.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty does not remove the obligation to file the outstanding accounts. If accounts are already overdue, it is better to speak to someone early — appeal eligibility depends on the specific circumstances and the applicable rules. Directors of companies in Cheadle and elsewhere remain responsible for making sure filings are completed.