─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chipping — Prepared and Filed with Professional Support

Your company’s first set of statutory accounts sets the pattern for every filing that follows, and getting them right from the start is far easier than correcting them later. If you have recently incorporated a limited company in Chipping, Micro Entity Accounts can prepare your First Year Accounts for Limited Company from the accounting records you hold, review the figures with you, and support delivery of those accounts to Companies House where required. We look at your bank transactions, income and expenses, asset purchases and director transactions, then prepare a balance sheet and, where applicable, a profit and loss account in the reporting framework that suits your company. Where Corporation Tax applies, the CT600 is a separate return submitted to HMRC, and we make sure you understand how that obligation differs from your Companies House accounts filing.

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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 Does Your Chipping Company Qualify?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are not optional, and they are not something a company can postpone simply because it was incorporated recently. A newly incorporated company in Chipping generally has accounts obligations running from incorporation, even where trading has been limited, no sales have been generated, or the company has not yet started to trade. Where there have been no significant accounting transactions, the company’s reporting position depends on its individual circumstances and the applicable rules rather than being automatically treated as dormant. The first accounting period normally begins on the date of incorporation and ends on the company’s first accounting reference date. In many cases that date falls at the end of the month in which the first anniversary of incorporation occurs, although the position depends on the company’s own incorporation details and any change made to its accounting reference date. Because the first period can be longer or shorter than a standard year, the figures in first-year accounts often look different from later years, and the filing deadline for a company’s first accounts can differ from the deadlines that apply afterwards. We check the dates that apply to your company rather than assuming a standard pattern. Some limited companies may be able to prepare accounts under the micro-entity framework, using FRS 105, which is the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic and does not follow simply from being newly incorporated or from having low activity. A company needs to meet the applicable eligibility conditions for the relevant accounting period, and a director should confirm the position before the framework is used. Companies that do not qualify as micro-entities may instead fall within the small company reporting framework, again subject to the relevant tests. The right framework is a matter of the company’s circumstances, not a default setting. It also helps to keep three separate obligations clearly apart. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the accounting information used in the accounts may feed into that return even though the two filings have different purposes and destinations. A confirmation statement is a further, separate filing that keeps the company’s registered information up to date. Preparing and filing first-year accounts does not complete those other obligations, and directors remain responsible for making sure each requirement is met.

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 Chipping Prepared Accurately

Many directors incorporate a company and only later realise that the first accounting period does not follow the same pattern as the years that come after it, and that the figures need to be presented in a framework the company is actually eligible to use. If you are unsure which records you need, how your first accounting period runs, or what has to be delivered to Companies House rather than to HMRC, professional support can remove that uncertainty. Micro Entity Accounts assists directors of newly incorporated and newly trading companies in Chipping with first-year accounts preparation and filing support, working from the records you provide and explaining each step in plain terms. Speak to us before your first accounts fall due, and you can approach the filing with a clear picture of what is required.

─── 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 annual accounts a limited company prepares for its initial accounting period, running from incorporation to the company's first accounting reference date. They typically include a balance sheet, and a profit and loss account where applicable, together with any notes required by the reporting framework used. They are a statutory requirement rather than an optional exercise, and a newly incorporated company in Chipping will generally need to prepare them regardless of whether trading has begun.

When are first accounts due to be filed?

The deadline is based on the company's accounting reference date, which is set from the incorporation date, and Companies House applies specific rules to a company's first accounts that can differ from later years. Because the exact date depends on your own incorporation details and any change you have made to the accounting reference date, we check the position for each company individually rather than applying a standard timeframe. If you are unsure where you stand, it is worth confirming early rather than working backwards from an assumed date.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Common items include bank statements and transactions, sales or 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 those apply. Not every company will have all of these. Sending what you have, clearly organised, usually allows the accounts to be prepared with fewer follow-up questions.

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

A limited company generally has statutory accounts obligations from incorporation, and first-year accounts are delivered to Companies House where required. Having limited activity, no sales, or no trading yet does not by itself remove the requirement. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules rather than being automatically described as dormant, so it is worth taking advice on how the company should report.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted separately to HMRC where the company has Corporation Tax obligations. The figures in the accounts often inform the tax return, but the two documents serve different purposes, go to different bodies, and are not interchangeable. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some companies may qualify for the micro-entity framework if they meet the applicable eligibility conditions for the relevant accounting period, and FRS 105 is the standard used by qualifying entities within that framework. Being newly incorporated, or having modest activity, does not automatically mean a company qualifies. Eligibility needs to be assessed against the company's own circumstances, and companies that do not meet the tests may fall within the small company framework instead.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details, such as its officers, registered office and share information, are correct. Filing first-year accounts does not satisfy that requirement, and submitting a confirmation statement does not satisfy the accounts obligation. A company may need to deal with both, along with any Corporation Tax requirements, as part of its wider compliance responsibilities.

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 those consequences are not necessarily the same in every case. Paying any penalty that arises does not remove the need to file the outstanding accounts, and the company still has to bring its filing position up to date. If accounts have been filed late, or are currently overdue, it is worth seeking advice on the available options, as any appeal or adjustment depends on the circumstances and the applicable rules.