─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Clevedon: Prepared, Reviewed and Filed with Professional Support

A newly incorporated limited company usually carries more statutory housekeeping than its directors expect, and the first set of accounts is where that becomes real. First Year Accounts for Limited Company in Clevedon means preparing that initial set of statutory accounts properly: building them from your accounting records, checking the figures make sense against what the company has actually done, and delivering them to Companies House where required. We also make the boundaries clear, including where a Corporation Tax Return such as a CT600 may be needed, because that is a separate submission to HMRC rather than part of the Companies House accounts filing. Whether the company has been trading for months or has only recently started, the aim is the same: accurate first-year accounts and a director who understands what has been filed and why.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Who Can Use That Framework in Clevedon?

First-year accounts are the first set of statutory accounts a company prepares for its initial accounting period. They are not optional simply because the company is new. A limited company incorporated in Clevedon, or anywhere else in the UK, generally has statutory accounts obligations from incorporation onwards, even where activity has been limited or trading has not yet begun. The first accounting period usually runs from the date of incorporation to the company’s first accounting reference date, although the length and end date depend on the company’s own incorporation details and on whether its accounting reference date has been changed. That matters, because a first period that is longer or shorter than a standard year affects which figures are being reported. Depending on the framework used, the accounts may include a balance sheet and, where applicable, a profit and loss account and supporting notes. Directors remain responsible for the company’s records and for ensuring its statutory obligations are met, even when an accountant prepares and files the accounts on the company’s behalf. If the company satisfies the eligibility conditions for the micro-entity framework, it may be able to prepare and file simpler accounts under FRS 105, the financial reporting standard applicable to qualifying micro-entities. Eligibility depends on the company’s circumstances and the requirements for the relevant accounting period, so it should be confirmed rather than assumed. Not every newly incorporated company is a micro-entity, and low turnover on its own does not decide the question. It is also worth separating the filings. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC and deals with the company’s tax position, using information from the accounts but serving a different purpose and going to a different destination. A confirmation statement is different again: it confirms and updates the company’s registered details rather than reporting its financial position. Filing any one of these does not complete the others.

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 Clevedon, Prepared Accurately and Filed with Care

The first year tends to raise the most questions: which records actually matter, when the accounting period ends, what Companies House expects to receive, and whether the company qualifies for simplified reporting at all. Micro Entity Accounts works with newly incorporated limited companies and their directors on First Year Accounts for Limited Company preparation and Companies House filing, explaining each step in straightforward terms rather than leaving you to interpret the paperwork alone. If your records are patchy, or you are unsure which reporting framework applies, we can review what you have, tell you what is still outstanding, and help bring the accounts to a position where they can be filed. Clear pricing, no hidden costs, and support shaped around your company’s circumstances rather than a one-size-fits-all template — so your first set of statutory accounts is done properly from the outset.

─── 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 covering the company's initial accounting period, which normally begins on the date of incorporation. Depending on the reporting framework used, they typically include a balance sheet and, where applicable, a profit and loss account and notes. They are prepared from the company's accounting records and delivered to Companies House where required.

When do first accounts need to be filed?

It depends on your company's incorporation date and its accounting reference date. Companies House sets the first accounts filing deadline by reference to those dates, so two companies incorporated on different days will not necessarily share the same deadline. Rather than relying on a general rule of thumb, check the accounting reference date and filing date recorded against your company, or ask us to confirm the position for your specific circumstances.

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

In practice that usually means bank statements and bank transactions, sales and income records, purchase invoices and receipts, details of assets bought or sold, share capital information, any loans or finance arrangements, director transactions, and payroll or VAT records where those apply. A company with very little activity may need far less, but whatever is provided still needs to be complete enough to support the figures shown in the accounts.

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

In most cases, yes. A company incorporated in Clevedon or elsewhere in the UK generally has statutory accounts obligations from incorporation onwards, even where trading has not yet started, subject to its own circumstances and the applicable rules. Filing is made through Companies House, and it is separate from any Corporation Tax filing made to HMRC.

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

No. Statutory accounts report the company's financial position and are filed with Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC and addresses the company's tax position, while a confirmation statement simply confirms and updates the company's registered information. Completing one of these does not satisfy the others.

The company has not traded yet. Do we still need first-year accounts?

Where there have been no significant accounting transactions, the company's reporting position depends on its particular circumstances and the applicable rules rather than automatically being treated as dormant. Many companies with minimal or no trading activity still have accounts and filing obligations, so it is worth confirming the position instead of assuming nothing needs to be done.

Can a new company qualify for micro-entity accounts?

It can, if it meets the eligibility conditions for the micro-entity framework for the relevant accounting period. Not every new company qualifies, and low turnover alone is not the test. Where a company does qualify, FRS 105 — the reporting standard applicable to qualifying micro-entities — may allow simpler accounts to be prepared. The appropriate framework should be confirmed based on the company's circumstances.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and those consequences depend on the circumstances and the rules in force. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the usual priority is to get them prepared and submitted, and professional support can help you work through what is needed. Appeals against penalties are possible only in certain circumstances, and eligibility depends on the applicable rules.