─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Clitheroe, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, and it is worth getting the underlying figures right from the start. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Clitheroe prepare their First Year Accounts for Limited Company purposes — reviewing the accounting records, drafting the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. We also explain how the accounting period and accounting reference date affect what is due and when. Corporation Tax is a separate matter: a CT600 is submitted to HMRC where applicable, and filing statutory accounts does not replace it.

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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 Clitheroe Limited Companies

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period generally starts on the date of incorporation and ends on the company’s first accounting reference date, which is set when the company is registered. Some companies change their accounting reference date, and a first accounting period can therefore be shorter or longer than a later one — the dates differ from company to company, which is why the filing position should always be checked against the individual company’s records. The accounts normally include a balance sheet showing the company’s assets and liabilities at the period end, together with notes and a statement of the directors’ responsibilities. A profit and loss account is included where the applicable reporting framework requires it, although the information filed at Companies House can be more limited in some cases. Where a company meets the eligibility requirements for the micro-entity framework for the relevant accounting period, it may prepare accounts under FRS 105, the financial reporting standard that applies to qualifying micro-entities. Eligibility is assessed on the company’s own circumstances and the applicable thresholds for that period, so a newly incorporated company is not automatically a micro-entity, and a company with low activity does not automatically qualify either. Where micro-entity accounts are not appropriate, the small company or full reporting framework may apply. First year statutory accounts are separate from other compliance tasks. They are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is another separate filing, used to confirm the company’s registered information. Preparing first-year accounts does not, on its own, complete those other obligations. Directors remain responsible for keeping adequate accounting records and for making sure the company meets its filing duties, even when an accountant prepares the accounts on the company’s behalf. For a limited company in Clitheroe that has just been incorporated, the practical starting point is usually a short conversation about the company’s dates, its activity so far and the records available.

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 Filing in Clitheroe Off to a Sound Start

The first accounting period often raises more questions than any other: which period do the accounts cover, which reporting framework applies, what needs to go to Companies House and how that fits alongside any Corporation Tax obligations. If your records are patchy, or you are not sure whether the micro-entity framework is available to your company, that uncertainty is easier to resolve early. Micro Entity Accounts provides professional preparation and filing support for first-year statutory accounts, working from the information you hold — bank transactions, invoices, expense records, asset purchases, director and share capital details, and payroll or VAT records where they apply. We will talk you through what is needed before the work begins, so the accounts reflect your company’s actual position.

─── 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 company prepares, covering the period from incorporation (or from the start of trading, where that differs) to its first accounting reference date. They normally include a balance sheet, notes and a statement of the directors' responsibilities, plus a profit and loss account where the applicable framework requires one. They are prepared under the reporting framework the company is eligible to use, which may be the micro-entity, small company or full framework.

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

Yes — incorporation brings statutory filing obligations with it, and first-year accounts are generally delivered to Companies House where required. This applies whether or not the company has started trading, although the exact reporting position depends on the company's circumstances. Companies House receives the accounts; it does not prepare them, and delivery of accounts does not complete any separate HMRC obligations.

How long is a first accounting period?

It depends on the company's incorporation date and accounting reference date. A first accounting period often runs from incorporation to the first accounting reference date, which may be more or less than twelve months. Companies can sometimes change their accounting reference date, which affects the period covered. Because the dates vary, the correct period and deadline should be confirmed from the company's own Companies House record rather than assumed.

What information do I need to prepare first year accounts?

Usually the company's bank transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, director loan movements, share capital information, and any loans or finance agreements. Payroll records are relevant where the company has run a payroll, and VAT records where it is VAT registered. Not every company will have all of these — a newly incorporated company with limited activity may have very few transactions, but the records it does hold still need to be accurate and complete.

Are first year accounts the same as a CT600?

No. First year accounts are statutory accounts prepared for the company and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable, and it serves a different purpose. Figures from the accounts are often used when working out the company's Corporation Tax position, but the two filings go to different bodies and one does not complete the other. The company's first Corporation Tax accounting period may also differ from its statutory accounts period.

Do first year accounts still need to be filed if the company has not traded?

A company may still have statutory filing obligations even where it has had limited activity or has not yet started trading. Whether the accounts are prepared on a normal, dormant or another basis depends on the company's particular circumstances and the applicable rules — it should not be assumed that a quiet company is automatically dormant. Directors should check the position rather than leave filings outstanding, as that can lead to consequences from Companies House.

Can a newly incorporated company file micro-entity accounts?

Some new companies do qualify for the micro-entity framework and prepare accounts under FRS 105, but it is not automatic. Eligibility is assessed against the applicable requirements for the relevant accounting period, considering the company's own circumstances. A company that does not qualify may report under the small company or full framework instead. It is worth confirming which framework applies before drafting the accounts.

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 vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is usually to prepare and file them as soon as the records allow, and professional support can help with that process.