─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chelmondiston — Prepared and Filed With Professional Support

For a newly incorporated or newly trading limited company, the first set of statutory accounts is one of the earliest formal milestones the directors will deal with. Micro Entity Accounts works with company directors in Chelmondiston to prepare First Year Accounts for Limited Company reporting periods, reviewing the accounting records behind them and delivering the accounts to Companies House where required. As part of that work we explain how the company’s incorporation date and accounting reference date shape its first accounting period, and we make clear that a Corporation Tax Return such as a CT600 is a separate submission to HMRC, while a confirmation statement is a separate Companies House filing again. The aim is simple: accurate statutory accounts, prepared on the right basis for your company, with the filing position properly understood.

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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? A Guide for New Limited Companies in Chelmondiston

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally runs from incorporation to the company’s first accounting reference date, although the exact length and dates depend on when the company was incorporated and how its accounting reference date falls. They are not optional simply because the company is new, and a company with limited activity or one that has not yet started trading may still have a reporting and filing position to deal with rather than one it can set aside. Whether the micro-entity framework is available is a separate question. Micro-entity accounts can be used by companies that meet the eligibility conditions for the relevant accounting period, which is not automatic for every new company and not guaranteed by low turnover alone. Where a company does qualify, FRS 105 is the financial reporting standard that applies to entities reporting under the micro-entity regime. Where it does not qualify, the small-company or full reporting framework may be more appropriate. In practice, the first step is usually to review the company’s circumstances and confirm which framework fits its first period. It also helps to keep first year accounts separate from the company’s other obligations. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC and covers the company’s tax position, and the company’s first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts. A confirmation statement is a third, separate filing that keeps the public register up to date. Preparing and filing the accounts does not, by itself, complete those other requirements. Most first year accounts include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements required by the framework the company reports under. Directors remain responsible for ensuring the company meets its statutory obligations, even where an accountant is engaged to help prepare and file 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.

First Year Accounts for Limited Company in Chelmondiston — Support From Preparation Through to Filing

The first set of accounts often raises questions that later years do not: which reporting framework applies, what the accounting period actually covers, which records need to be pulled together, and what has to go to Companies House rather than HMRC. Micro Entity Accounts can assist with exactly that. We review your accounting records, prepare the statutory accounts on the basis your company is eligible for, and support you with delivery to Companies House where required — while flagging where a separate Corporation Tax Return or confirmation statement may also be needed. If your company is approaching its first accounting reference date and you would rather not work it out alone, getting professional help at this stage is a sensible place to start.

─── 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 annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on incorporation and ends on the company's first accounting reference date, though the exact dates and length depend on when the company was incorporated. The accounts typically include a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework the company uses.

When are first year accounts for a limited company due?

There is no single due date that applies to every company. The deadline depends on the company's incorporation date, its accounting reference date and whether it is the company's first set of accounts or a later one. Companies House applies particular rules to first accounts, so it is worth confirming the position for your own company rather than working from a general assumption. We can review the relevant dates for you as part of the preparation work.

What records do you need to prepare first year accounts?

It depends on what the company has done during the period, but records commonly include bank statements and transaction listings, sales invoices or other income records, purchase invoices and business expenses, details of any assets purchased, share capital information, and any director transactions or loan agreements. Where the company runs payroll or is VAT registered, those records should be included too. The more complete the records are, the more straightforward the preparation tends to be.

Does a new limited company have to file accounts with Companies House even if it has not traded?

In most cases a limited company is required to deliver statutory accounts to Companies House, and a quiet period or a delay in starting to trade does not automatically remove that obligation. Where a company has had no significant accounting transactions, its reporting position depends on its particular circumstances and the applicable rules, and it should not be assumed to be dormant without checking. Directors in Chelmondiston are best advised to confirm their position rather than assume nothing needs to be filed.

Are first year accounts the same as a Corporation Tax Return or CT600?

No. First year accounts are statutory accounts delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC and deals with the company's tax position. They are separate filings with separate purposes, and completing one does not complete the other. The figures from the accounts are often used when preparing the Corporation Tax position, and the company's first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts.

Can a new company qualify for micro-entity accounts?

Possibly, but it is not automatic. Micro-entity accounts are available to companies that meet the eligibility conditions for the relevant accounting period, so qualification depends on the company's size and circumstances rather than simply on being newly incorporated. Where a company does qualify, FRS 105 is the reporting standard that applies to the micro-entity framework. If it does not qualify, small-company or full reporting requirements may apply instead, and we can establish which applies during the accounts preparation.

Do first year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement updates Companies House on matters such as the company's officers, shareholders and registered office, and it is not covered by filing the annual accounts. A limited company may need to submit a confirmation statement as well as its accounts, and keep its Companies House information current in between.

What happens if first year accounts are filed late?

Where accounts are delivered after the applicable deadline, Companies House can take action against the company, and the consequences generally become more significant the longer the accounts remain outstanding. Settling any penalty does not remove the requirement to file the outstanding accounts. Whether an appeal is possible depends on the circumstances and the applicable rules. If your accounts are already overdue, we can help you get them prepared and filed.