─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chesterfield, Prepared and Filed Properly

Incorporating a limited company in Chesterfield brings statutory duties from the outset, and the first set of accounts is one of the earliest to deal with. We prepare and review the First Year Accounts for Limited Company directors are responsible for, working from the accounting records you hold to produce a balance sheet and profit and loss account where applicable, then filing those accounts with Companies House where required. Alongside this, many new companies also have Corporation Tax obligations, and a CT600 is submitted separately to HMRC — it is a different filing, with a different purpose and destination. Whether your company has not yet started trading or has just completed its first period of activity, we can clarify what your reporting position looks like and what needs to be prepared.

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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 When Does That Framework Apply?

First-year accounts are the first set of statutory accounts a newly incorporated limited 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. It can be longer than a standard twelve-month period, and the exact dates depend on the incorporation date and the accounting reference date recorded at Companies House, so it is worth confirming both before any work begins. Once the period closes, the directors are responsible for making sure accounts are prepared and delivered to Companies House where required. This is a separate exercise from a Corporation Tax Return such as a CT600, which is submitted to HMRC where the company has Corporation Tax obligations. It is also separate from a confirmation statement, which confirms that the company’s registered details remain accurate and does not take the place of accounts filing. A company with very little activity, or none at all, does not automatically escape its filing duties. Whether a company is dormant, has not yet commenced trading, or has simply had minimal transactions is a question of fact and depends on the applicable rules — not on turnover alone. Some smaller companies are eligible to report under the micro-entity framework, which uses FRS 105. That framework can simplify what the accounts include, but eligibility is assessed against the requirements for the relevant accounting period and is not automatic for every newly incorporated company. The appropriate framework should be confirmed before accounts are drawn up.

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 for Limited Company in Chesterfield Prepared with Professional Support

Many directors at newly incorporated companies in Chesterfield arrive at their first accounting reference date unsure about what the accounts should show, what records they need to pull together, or how Companies House filing sits alongside their other obligations. Micro Entity Accounts helps with preparing first-year statutory accounts, checking that your accounting records are complete enough to work from, and filing with Companies House where required. If you are unsure whether your company meets the micro-entity criteria, or how your first Corporation Tax period relates to your statutory accounts period, we can work through that with you before anything is submitted. Share your incorporation details and the records you have, and we will set out the next steps clearly, with transparent fees and no hidden costs.

─── 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 newly incorporated company prepares for its initial accounting period. The accounts are drawn up from the company's accounting records and typically include a balance sheet and, where applicable, a profit and loss account together with the required notes and statements. Directors remain responsible for ensuring the accounts are prepared and delivered to Companies House where required, even when an accountant handles the preparation.

When are first year accounts due?

There is no single date that applies to every company. The deadline is worked out from the company's accounting reference date and its date of incorporation, which means two companies incorporated in different months will not share the same filing date. The first accounting period can also be longer than a standard twelve-month period. The most reliable approach is to confirm the accounting reference date recorded at Companies House and check the company's own filing records rather than relying on an assumption.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period. Commonly useful records include bank statements and transaction listings, sales invoices or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements, and payroll or VAT records where those apply. Companies with very little activity may only have a small amount to provide. We will confirm what is relevant once we understand your circumstances.

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

In most cases, yes — a limited company is generally expected to prepare and file annual accounts with Companies House, including for its first period. Having limited activity, or not yet having started trading, does not usually remove that obligation on its own. The requirements that apply depend on the company's circumstances and the applicable rules, so it is worth checking your position rather than assuming nothing is due.

Are first-year accounts different from annual accounts?

They are the first in the same series. First-year accounts cover the company's initial accounting period, which may be longer than twelve months, while later accounts cover standard annual periods. The underlying purpose is the same: to report the company's financial position for the period in line with the applicable reporting framework.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared and delivered to 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 two filings have different purposes and go to different recipients. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete the Companies House filing. The company's first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical, so both should be reviewed separately.

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

Some do, but it is not automatic. Micro-entity reporting, which uses FRS 105, is available to companies that meet the eligibility requirements for the relevant accounting period. A company with low activity does not automatically qualify, and a company that has just been incorporated is not assumed to be a micro-entity either. The correct framework — micro-entity, small company or full reporting — should be determined from the company's own circumstances before the accounts are prepared.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's information at Companies House is up to date, such as registered office details, directors and shareholders. Preparing and filing first-year accounts does not remove the need to keep that information current or to submit a confirmation statement where one is due. Directors in Chesterfield should treat the two as distinct compliance tasks with their own requirements.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome can vary depending on how late the filing is and the circumstances involved. Paying any penalty or charge does not remove the requirement to file the outstanding accounts. If an appeal against a penalty is being considered, eligibility depends on the specific circumstances and the applicable rules. Where accounts are already overdue, the priority is usually to get them prepared and filed as soon as possible.