─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have recently incorporated a limited company in Chilworth, the first set of statutory accounts is a milestone you cannot simply set aside until later. First Year Accounts for Limited Company work involves preparing the balance sheet and, where applicable, the profit and loss account for the company’s initial accounting period, checking that the underlying accounting records are complete and consistent, and delivering the accounts to Companies House where required. Micro Entity Accounts supports directors of newly incorporated and newly trading companies through that process, from reviewing bank transactions, income and expense records to confirming the reporting framework that fits the company’s circumstances. Where Corporation Tax applies, that is a separate matter submitted to HMRC, commonly through a CT600, and is not the same as filing accounts with Companies House.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

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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 How Do They Work for a Newly Incorporated Company in Chilworth?

First-year accounts are the first set of annual statutory accounts a limited company prepares, covering the period from incorporation (or from the start of trading, depending on the company’s circumstances) through to its first accounting reference date. Every limited company has an accounting reference date, and Companies House uses the incorporation date to set the company’s initial accounting period. That first period is often longer than the twelve months a company will normally report on in later years, although the exact length depends on the company’s own dates rather than a single rule applying to everyone. The accounts themselves typically include a balance sheet showing what the company owns and owes at the period end, along with notes explaining the figures. Where the company has traded and the relevant framework requires it, a profit and loss account is also prepared. Directors remain responsible for ensuring the company keeps adequate accounting records and meets its statutory obligations, even when an accountant is engaged to prepare and file the accounts. Filing is a Companies House process. Statutory accounts are delivered to Companies House where required, and that filing is separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable. The two often draw on the same accounting information, but they have different purposes, different destinations and different deadlines. A confirmation statement is also separate again — it confirms the company’s registered details rather than reporting its financial position, and filing first-year accounts does not replace it. Some newly incorporated companies may qualify for the micro-entity framework, which uses the financial reporting standard known as FRS 105 and allows a simplified format. Qualification is not automatic and does not follow simply from being new or from having modest activity. Eligibility depends on the applicable thresholds and the company’s circumstances for the relevant accounting period, and a company may instead fall within the small-company regime. Where a company has had limited or no accounting transactions, its reporting position still depends on its specific circumstances and the applicable rules rather than being assumed to be dormant.

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 Chilworth Prepared Properly

The first accounting period is often the one directors feel least certain about — the dates may not match a clean twelve-month cycle, the records may be incomplete, and it can be unclear which reporting framework actually applies. Micro Entity Accounts can review your accounting records, prepare the first-year statutory accounts and support you with filing them at Companies House where required, while keeping any separate Corporation Tax or confirmation statement obligations clearly in view. If you would rather have your first set of accounts checked and prepared by someone who deals with newly incorporated companies routinely, getting in touch early gives you time to sort out the records before the applicable deadline.

─── 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 annual statutory accounts a company prepares for its initial accounting period, starting from incorporation or the start of trading and running to the company's first accounting reference date. They usually include a balance sheet with supporting notes, and a profit and loss account where the applicable framework requires one. They are delivered to Companies House where required, and are distinct from a Corporation Tax Return submitted to HMRC.

When are first accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the Companies House requirements that apply to it, so there is no single answer that fits every new company. Companies House issues the accounting reference date when a company is incorporated, and the first filing deadline is calculated from there. Because the first period can be longer than twelve months, it is worth confirming your own dates rather than assuming a standard annual cycle applies.

What information do I need to gather to prepare first-year accounts?

As a general guide, that means the company's bank transactions, sales and income records, business expenses and purchase invoices, details of any assets bought, share capital information, director transactions or loans, and any payroll or VAT records where those apply. Not every company will have all of these — a company that has not yet started trading will have far less to provide. Accurate and complete records make the accounts more straightforward to prepare and reduce the likelihood of later adjustments.

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

Yes, a limited company generally has statutory accounts filing obligations, and those obligations are not removed simply because the company is new or because activity has been limited. If the company has not commenced trading or has had minimal transactions, its reporting position still depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Directors should check what applies to their company and keep their accounting records in order.

Are first-year accounts the same as annual accounts?

They are the same type of document — statutory accounts — but the first set covers the company's initial accounting period, which may be longer or shorter than the twelve-month periods used in later years. From the second period onwards, the reporting cycle usually settles into a more predictable pattern. The underlying preparation process, the records required and the Companies House filing requirement remain broadly consistent.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and a limited company may have Corporation Tax obligations that are entirely separate from its Companies House filing duties. The two filings often use the same accounting information, but submitting one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

It may, but qualification is not automatic and does not follow simply from being a new or small company. The micro-entity framework, which uses FRS 105, applies only where the company meets the eligibility requirements for the relevant accounting period, and a company might instead fall within the small-company regime or need to report on a fuller basis. The right framework should be confirmed against the company's own figures and circumstances before the accounts are prepared.

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 those consequences can 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. Where an appeal is considered, eligibility depends on the circumstances and the applicable rules, so it is usually better to address an overdue filing promptly rather than wait.

Do first-year accounts affect the confirmation statement?

They are separate obligations. A confirmation statement confirms the company's registered information, such as its directors, shareholders and registered office, and filing first-year accounts does not replace it. A limited company may still need to submit confirmation statements and keep its Companies House details up to date while its accounts are being prepared, so it is worth tracking both sets of requirements.