─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Clacton-on-Sea: Preparation, Review and Filing Support

A newly incorporated limited company has a first set of statutory accounts to prepare for its initial accounting period, and getting that set right creates a much clearer starting point for every year that follows. Micro Entity Accounts supports directors in Clacton-on-Sea with the preparation of first year statutory accounts, including reviewing the accounting records behind them, drafting a balance sheet and, where applicable, a profit and loss account, and delivering the accounts to Companies House where required. We also help directors understand which reporting framework applies to their company and how the accounts sit alongside separate obligations, such as the Corporation Tax Return (CT600) submitted to HMRC where applicable. Whether the company has traded throughout the period, started part-way through it, or has seen limited activity, we can help clarify what needs to be prepared and what information is required.

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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?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period generally begins on the date of incorporation, though the exact start and end dates depend on the company’s accounting reference date and whether that date has been changed. The first period can be longer or shorter than twelve months, which is one reason first year accounts often look different from the accounts prepared in later years. The accounts are built from the company’s accounting records and typically include a balance sheet, a profit and loss account where applicable, and the notes required by the reporting framework being used. Directors remain responsible for the accuracy of those records and for ensuring the company meets its filing obligations, even when an accountant prepares the figures. Once prepared, first year statutory accounts are generally filed with Companies House where required. That filing is separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and separate again from the confirmation statement, which confirms the company’s registered information rather than reporting its financial position. Some companies may be able to use the micro-entity accounting framework and FRS 105 where it applies, but eligibility depends on the company’s size and circumstances for the relevant accounting period. Being newly incorporated does not automatically make a company a micro-entity, so the appropriate framework should be confirmed before the accounts are prepared. For a director in Clacton-on-Sea running a new company, checking this early usually makes the whole process more straightforward.

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 Clacton-on-Sea Prepared Properly

The first accounting period of a new company often raises questions that are not obvious from the incorporation paperwork: which records need to be kept, how the accounting period is actually calculated, which reporting framework applies, and what has to be sent to Companies House. Micro Entity Accounts works with directors of newly incorporated and newly trading companies to prepare first year statutory accounts from the underlying accounting records, review the figures with you, and support the filing process where required. We can also explain how those accounts relate to separate HMRC obligations, such as a Corporation Tax Return, so you are not left assuming one filing covers everything. If your company’s first accounting period has ended, or is approaching, get in touch and we will help you understand exactly what is needed and prepare it accurately.

─── 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 accounts a company prepares for its initial accounting period, covering the period from incorporation through to its first accounting reference date. They typically include a balance sheet, a profit and loss account where applicable, and supporting notes required by the relevant reporting framework. First year accounts are the same type of statutory accounts prepared in later years, but the first period may differ in length, so the figures and comparatives can look different from a standard twelve-month set.

When are first year accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. The first accounting period is often longer than twelve months, which affects when the accounts need to be delivered. Directors can check the company's accounting reference date on the Companies House register, and we can help confirm the position for a specific company before the period ends.

What information is needed to prepare first year accounts?

Usually the company's accounting records for the period: bank statements and transactions, sales invoices or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, and records of director transactions or loans. Where the company operates payroll or is registered for VAT, those records may also be relevant. Not every company will have all of these, and the exact list depends on what the company has actually done during the period.

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

In most cases a limited company has statutory accounts filing obligations even if it has only recently been incorporated, has had limited activity, or has not yet started trading. A company is not automatically treated as dormant simply because there has been little or no activity, so the reporting position should be considered on its own facts. Directors in Clacton-on-Sea and elsewhere are responsible for making sure the company meets those obligations, even where an accountant prepares the accounts.

Are first year accounts the same as a CT600?

No. First year statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes and go to different organisations. Information from the accounts is often used when preparing the Corporation Tax position, but filing 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 new limited company qualify for micro-entity accounts?

It may do, but eligibility depends on the company meeting the applicable requirements for the relevant accounting period rather than simply being newly incorporated or having low turnover. Where a company qualifies, the micro-entity framework and FRS 105 may be available, which can simplify the accounts that are prepared. The correct framework should be confirmed based on the company's circumstances before the accounts are drafted.

Do first year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement confirms the company's registered details, such as its directors, registered office and share information, while first year accounts report the financial position for the accounting period. A company may still need to submit a confirmation statement and keep its Companies House information up to date, regardless of whether its accounts have been filed.

What happens if first year accounts are filed late?

Failing to deliver 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 rules that apply. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts have been filed late, the scope for an appeal depends on the circumstances and the applicable rules, so it is worth taking advice rather than assuming an outcome.