─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chippenham: Preparation and Filing Support for New Companies

Incorporating a limited company brings a set of reporting obligations that begin earlier than many directors expect. First Year Accounts for Limited Company in Chippenham means preparing the first set of statutory accounts for your company’s initial accounting period, then delivering them to Companies House where required. Micro Entity Accounts supports newly incorporated and newly trading companies across Chippenham with that process — reviewing the accounting records you hold, preparing a balance sheet and, where applicable, a profit and loss account, checking the disclosures that apply to your company, and helping with the filing itself. We also make clear where a separate Corporation Tax Return, such as a CT600, may be due to HMRC, because that is a distinct submission with its own purpose and its own destination. If this is your first time dealing with company accounts, the process can be explained step by step rather than left to guesswork.

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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 Do They Apply?

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 circumstances) up to the company’s first accounting reference date. Every limited company has an accounting reference date, and Companies House sets an initial one automatically when the company is incorporated. That date can, in some cases, be changed, which is why two companies incorporated in the same week do not necessarily share the same first accounting period or the same filing deadline. The accounts themselves are normally made up of a balance sheet, and a profit and loss account where the company’s chosen reporting framework requires one, together with any notes and disclosures that apply. Once prepared, they are generally filed with Companies House where required. An eligible company may be able to use the micro-entity accounting framework, which simplifies both the format and the volume of disclosure. Eligibility depends on the applicable thresholds and conditions for the relevant accounting period, and FRS 105 — the financial reporting standard for qualifying entities using the micro-entity framework — is not something that applies to every new company automatically. The right framework should be confirmed rather than assumed. It also helps to keep three separate obligations clearly apart. First-year statutory accounts go to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and it is not the same filing. A confirmation statement is a further, separate requirement that keeps Companies House informed about the company’s officers, shareholders and registered details. Completing one does not complete the others. Company directors in Chippenham remain responsible for making sure each obligation is met, even where an accountant is engaged to help prepare and file.

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.

Have Your First Year Accounts for Limited Company in Chippenham Prepared by People Who Do This Every Day

The uncertainty usually is not about whether accounts are needed — it is about which figures go where, which reporting framework applies, and what actually has to be sent to Companies House. Micro Entity Accounts can take the paperwork off your desk, working from the records you hold to prepare your first statutory accounts and support the filing process where required, while keeping you informed about the separate Corporation Tax position and any confirmation statement obligations that also fall due. If your company has only recently started trading, has had limited activity, or you are simply unsure whether anything needs to be filed at all, a short conversation will clarify where you stand and what happens next. Clear pricing and no hidden costs, with the work explained in plain English rather than jargon.

─── 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 exactly are first-year accounts for a limited company?

They are the first set of annual statutory accounts your company prepares, covering its initial accounting period. Typically that period runs from the date of incorporation up to the company's first accounting reference date, although the exact position depends on when the company was incorporated and whether the accounting reference date has been changed. The accounts normally include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account, plus any relevant notes. They are distinct from a Corporation Tax Return and from a confirmation statement.

When do first accounts have to be filed with Companies House?

The deadline depends on your company's accounting reference date and the length of its first accounting period, so it is not the same for every newly incorporated company. Companies House applies specific rules to first accounts that can differ from the deadlines that apply to later years. Because the calculation depends on your own dates, it is worth confirming the deadline for your company rather than relying on a general rule of thumb. We can review your company's dates and explain what applies.

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

It varies with what the company has actually done. In most cases we would look at bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, director transactions and loans, share capital information, and payroll or VAT records where the company has those in place. If your company has had very little activity, we will work from whatever records exist and advise on the reporting position that fits your circumstances.

Does a newly incorporated company really have to file accounts with Companies House?

Yes, a limited company generally has statutory accounts filing obligations arising from incorporation, and the first accounting period is not exempt simply because the company is new. That remains the case where the company has not yet started trading or has had only limited activity. What the accounts look like, and whether the company is treated as dormant for filing purposes, depends on the transactions that have actually taken place and the applicable rules — it is not something that should be assumed either way.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. The two are separate filings with separate purposes. Information from the accounts is often used when working out the company's tax position, but filing one does not file the other. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ.

Can a new company in Chippenham qualify for micro-entity accounts?

Some newly incorporated companies do meet the eligibility conditions for the micro-entity framework, and others do not — qualifying is not automatic and does not follow simply from being new or from having low turnover. Eligibility is assessed against the applicable requirements for the relevant accounting period, and the reporting framework should be confirmed before the accounts are prepared. Small-company reporting may also be available in some cases. We will check your position and explain which framework fits.

Do I still need to file a confirmation statement as well?

Yes, where one falls due. A confirmation statement is a separate Companies House requirement and is not replaced by filing your first-year accounts. Its purpose is to confirm that the company's registered information — such as officers, shareholders and the registered office — is correct. Many directors deal with both around the same time, but they are distinct submissions.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts. If you believe there is a valid reason for a delay, an appeal may be possible depending on the circumstances and the applicable rules. If your first accounts are already overdue, the sensible next step is to establish exactly what is outstanding and get the accounts prepared without further delay.