─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Church Stretton, Prepared and Filed for You

Your company’s first accounting period arrives with its own set of reporting decisions, and the way those first accounts are put together tends to set the tone for every year that follows. We prepare first year statutory accounts for newly incorporated and newly trading limited companies in Church Stretton, working from your accounting records to build a balance sheet and a profit and loss account where applicable that genuinely reflect what the company has done since incorporation. Where required, those accounts are then delivered to Companies House. If the company also has Corporation Tax obligations, a CT600 is a separate submission made to HMRC rather than part of the Companies House filing, and we can help you see how the two fit together without treating them as the same thing.

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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 Plain-English Guide for Church Stretton Directors

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 Companies House sets when the company is formed. The exact dates, and the filing deadline that follows from them, vary from company to company, so there is no single rule that applies to every newly incorporated business. For a director in Church Stretton running a company for the first time, the key point is that the obligation stems from incorporation, not from the moment trading begins. Accounts are generally filed with Companies House where required and form part of the company’s public filing history. The accounts themselves typically include a balance sheet, and a profit and loss account where applicable, together with the notes the chosen reporting framework requires. Directors remain responsible for making sure the accounts are prepared and filed correctly, even when an accountant is engaged to handle the preparation and submission. Some companies may be able to prepare micro-entity accounts if they meet the eligibility requirements for the relevant accounting period. FRS 105 is the financial reporting standard that applies to qualifying micro-entities, but it does not apply to every new company automatically, and a company is not a micro-entity simply because it is small or newly formed. Eligibility should be assessed against the company’s own circumstances, and small-company reporting may be the more appropriate route in other cases. Where first year accounts are overdue or the company is unsure which framework fits, that assessment is usually the sensible starting point. It also helps to keep the different filings apart. A Corporation Tax Return such as a CT600 goes to HMRC and is a separate obligation from the accounts filed with Companies House, even though the figures in the accounts often inform the tax position. The company’s first Corporation Tax accounting period and its statutory accounts period may not run over identical dates. A confirmation statement is separate again, confirming that the details Companies House holds remain accurate. Completing one of these tasks does not complete the others, and each has its own purpose and destination.

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 Church Stretton Prepared With Care

If your first accounting period is approaching and you are unsure what belongs in your statutory accounts, which reporting framework actually applies, or what has to be sent to Companies House, that uncertainty is entirely normal for a first-time director. Micro Entity Accounts can prepare your first year statutory accounts from the bookkeeping records you hold, explain what the figures mean in practical terms, and manage the Companies House filing where required, while keeping any separate Corporation Tax or CT600 position clearly in view. You get clear pricing, no hidden costs and a process that tells you what is needed and when. Getting the first set of accounts right makes the following years considerably simpler, so it is worth asking for professional support now rather than working it out after the 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?

First year accounts are the first set of statutory accounts your company prepares, covering the period from incorporation to its first accounting reference date. They generally include a balance sheet and, where applicable, a profit and loss account, plus any notes required by the reporting framework the company uses. They represent the company's first formal reporting of its financial position and are normally filed with Companies House where required.

When do first year accounts need to be filed?

Filing deadlines are not identical for every company. They depend on the incorporation date, the accounting reference date Companies House sets, and whether the first accounting period has been shortened or extended. Because of that, it is safer to confirm the deadline that applies to your specific company dates than to rely on a general rule. We check the dates recorded at Companies House and work to them when preparing and filing your first year accounts.

What information is needed to prepare first year accounts?

In most cases we need bank statements and transaction records for the period, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, any director transactions or loans, and finance agreements. Where the company runs payroll or is VAT registered, those records are relevant as well. If activity has been limited, the paperwork will be lighter, but we still need enough to show what has happened in the company since incorporation.

Does a new limited company have to file accounts with Companies House if it has not traded?

The accounts filing obligation comes from incorporation rather than from trading activity, so a company with little or no activity may still have a filing requirement. What needs to be reported depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions is not automatically treated as dormant, since dormant status has its own conditions. We can review the position and confirm what applies to your company.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared under company law and are generally filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC and deals with the company's tax position. They are separate filings with separate destinations, although information from the accounts often feeds into the tax return. Filing one does not complete the other, and the two accounting periods do not always match.

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

It may do, provided it meets the eligibility requirements for the relevant accounting period. Micro-entity status is not automatic for startups, and it is not granted simply because turnover is low. Where a company qualifies, FRS 105 is the financial reporting standard used for micro-entity accounts. We assess eligibility as part of preparing the accounts, then prepare them under the framework that fits the company's circumstances.

Do first year accounts replace a confirmation statement?

No, they are separate requirements. A confirmation statement confirms that the information Companies House holds about the company, such as its directors, registered office and share capital, is still accurate. Filing first year accounts does not satisfy or replace that duty, and a company in Church Stretton may need to deal with both. If any company details have changed during the year, it is worth reviewing them at the same time.

What happens if first year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty. Paying a penalty does not remove the requirement to file the outstanding accounts, and the outcome depends on the circumstances and how late the filing is. If accounts are already overdue, professional help with preparing and submitting them is often the quickest way forward, and any appeal against a penalty depends on the grounds available and the applicable rules.