─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

Professional Help With First Year Accounts for Limited Company in Christchurch

The first set of statutory accounts is rarely as straightforward as a year-end that follows a full twelve months of trading. Micro Entity Accounts supports directors of newly incorporated and newly trading companies in Christchurch with First Year Accounts for Limited Company preparation — reviewing the accounting records you hold, drafting the balance sheet and profit and loss account where applicable, and filing the accounts with Companies House where required. We also help you make sense of the wider picture: how your accounting reference date shapes the first accounting period, why your reporting framework needs to be considered rather than assumed, and how Corporation Tax and a CT600 return sit separately with HMRC. If your company has recently been formed, getting the first set of accounts right sets a clear pattern for every year that follows.

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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 Christchurch

When a limited company is incorporated, Companies House sets an accounting reference date, and that date drives the first accounting period. In practice the first period often runs from the date of incorporation to the first accounting reference date, which means it can cover more than twelve months, although the exact position depends on the incorporation date and whether the accounting reference date has been changed. The set of statutory accounts prepared for that period is what is meant by first-year accounts. They are a statutory requirement, and the obligation is not set aside simply because trading has not begun or activity has been limited. Some companies may be eligible to report under the micro-entity framework, which uses FRS 105 — the financial reporting standard applicable to qualifying entities using the micro-entity accounting framework. Eligibility depends on meeting the applicable requirements for the relevant accounting period, so it is assessed company by company. A newly incorporated company is not automatically a micro-entity, a low level of activity does not by itself confirm eligibility, and the appropriate framework is a matter to be determined rather than assumed. Where a company does qualify, the resulting accounts are usually shorter and less detailed than full statutory accounts. It also helps to be clear about what first-year accounts are not. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where applicable, and a company’s first Corporation Tax accounting period does not necessarily match the period covered by its statutory accounts. A confirmation statement is a further, separate filing that confirms the information Companies House holds remains accurate. Completing one of these does not complete the others. For directors in Christchurch working through a first accounting period, the practical questions tend to be which records need to be gathered, which reporting framework applies, and what the filing position actually is. Directors remain responsible for ensuring the company meets its obligations even when an accountant prepares the figures, and professional support is there to assist with preparing, reviewing and filing the required information.

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 Christchurch — Accurate Preparation, Straightforward Filing

If your company was incorporated recently and you are unsure what the first set of accounts needs to include, that uncertainty is normal — it is one of the most common questions new directors ask. The period may run for longer than a standard year, the reporting framework has to be considered rather than assumed, and the Companies House filing sits alongside separate HMRC and confirmation statement obligations. Micro Entity Accounts can take that work off your desk by preparing the statutory accounts from your records, explaining the figures in plain English, and handling the Companies House filing where required. If your first accounting period is drawing to a close — or has already passed — getting an experienced pair of hands involved now is far easier than dealing with it retrospectively.

─── 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?

First year accounts are the first set of statutory accounts a 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, which is set when the company is formed, so it can cover more than twelve months. The accounts are prepared from the company's accounting records and typically include a balance sheet, with a profit and loss account included where applicable. Once finalised, they are delivered to Companies House where required.

When do first year accounts need to be filed?

There is no single answer that fits every company. The due date depends on the incorporation date, the accounting reference date and the applicable Companies House requirements, and the deadline for a first set of accounts can be calculated differently from the deadline that applies in later years. Because of that, we confirm the specific date that applies to your company rather than relying on a general rule of thumb. If your first year end is approaching, it is worth checking your position well in advance.

Are first year accounts different from annual accounts?

They are the first set of accounts in the same ongoing series — once the initial period has been dealt with, the company moves into a regular annual cycle. The practical differences are the length of the period and the filing date. A first accounting period may run for more than twelve months, whereas later periods are usually twelve months, and the way the first filing deadline is calculated is not necessarily the same as for subsequent years.

What information is needed to prepare first-year accounts?

Most of what is required comes from your records and your incorporation details. Depending on your circumstances, that can include bank transactions and statements, sales or income records, business expenses and purchase invoices, details of assets bought for the company, director transactions and any loans, share capital information and, where relevant, payroll or VAT records. Not every company will have all of these, and a company with very limited activity will have a much shorter list. What matters is that the records are complete and can be reconciled.

Do newly incorporated companies have to file accounts with Companies House if they have not started trading?

Where a company is required to file accounts, that obligation is not removed by having little or no activity. A company that has not yet started trading may still have statutory filing obligations, although the exact position depends on its circumstances and the applicable rules. There is an important distinction between a company with limited or no significant transactions and one that formally meets the conditions to be treated as dormant — the latter should not be assumed. It is worth confirming which position applies before deciding what to file.

Are first year accounts the same as a CT600 or a confirmation statement?

No. They are separate filings with separate purposes and separate destinations. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. A confirmation statement is a further separate filing. Completing one does not complete the others, and a company's first Corporation Tax accounting period does not necessarily match the period covered by its statutory accounts. The figures in the accounts are often used as a starting point when working out the Corporation Tax position, but the two remain distinct.

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

Some newly incorporated companies do qualify, but it is not automatic. Eligibility for the micro-entity framework depends on meeting the applicable requirements for the relevant accounting period, and a company is not a micro-entity simply because it is new or has modest activity. Where a company does qualify, the accounts can be prepared under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. We assess the position for each company before deciding which framework to use.

What happens if first year accounts are filed late?

If required accounts are filed after the applicable deadline, Companies House consequences can follow, and those consequences are not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is always to complete and submit them. Whether a penalty can be appealed depends on the circumstances and the applicable rules. We can help directors in Christchurch bring overdue first-year accounts up to date and get the filing position back on a firmer footing.