─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first set of statutory accounts sets the tone for everything that follows, and for a newly incorporated business in Colden Common it pays to get them right. Micro Entity Accounts helps directors prepare First Year Accounts for Limited Company periods properly: we review your accounting records, prepare the balance sheet and profit and loss account where applicable, and file the accounts with Companies House where required. Where your company also has Corporation Tax obligations, we can help prepare the information needed for a CT600 — a separate submission made to HMRC, not Companies House. Whether you have been trading for months or your activity has been limited so far, we can confirm what is needed for your first accounting period and support you through 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?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation, or from the start of the accounting period, through to the company’s first accounting reference date, and they are a legal requirement for a limited company rather than an optional exercise. That applies to companies in Colden Common just as it does anywhere else in the UK, and it applies even where trading has been limited or has not yet started. The first accounting period is set by reference to the company’s accounting reference date, which Companies House establishes on incorporation. The first period is often longer than twelve months, which is one reason first-year accounts can look different from the annual accounts filed in later years. The period end, and the filing deadline that follows from it, depend on the incorporation date and the applicable Companies House requirements, so it is sensible to confirm the dates that apply to your own company instead of assuming they match another company’s timetable. Some companies are eligible to prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard applicable to qualifying entities. Micro-entity status is not automatic for a newly incorporated company, and the right reporting framework depends on the company’s circumstances and the eligibility conditions for the relevant accounting period. A company may also fall within the small-company framework instead. Establishing which framework applies is part of preparing the accounts accurately. It is equally important to separate first-year statutory accounts from the company’s other obligations. A Corporation Tax Return, such as a CT600, is submitted to HMRC, not to Companies House, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate filing. Delivering accounts to Companies House does not complete a CT600, and submitting a CT600 does not complete the Companies House accounts filing — the two have different purposes and different destinations.

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 Colden Common Prepared Correctly

If your company has recently been incorporated, it is easy to be unsure about what the first set of accounts should include, which records you need to keep, and what has to be delivered to Companies House. Micro Entity Accounts provides professional First Year Accounts for Limited Company preparation and filing support for directors in Colden Common, including a review of your accounting records, confirmation of the reporting framework that fits your circumstances, and help with the Companies House filing where required. We will explain what applies to your company rather than leave you guessing, flag anything still outstanding, and work with clear pricing and no hidden costs. Speak to us before your first accounting period ends so the figures and disclosures are in order 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 your company prepares for its initial accounting period, covering the period from incorporation, or from the start of the accounting period, up to the first accounting reference date. They normally include a balance sheet, and a profit and loss account where applicable, along with any notes and statements required by the framework you report under and by Companies House. Preparing them is a statutory duty for a limited company, including newly incorporated companies in Colden Common, and it is not something that can be skipped simply because the company is new.

When do first year accounts have to be filed with Companies House?

The deadline is not the same for every company. It is calculated from your company's accounting reference date and the fact that this is a first set of accounts, which is treated differently from later years. Companies House sets the accounting reference date when the company is incorporated, and that date drives the period covered and the filing deadline. Because the timing depends on your incorporation date and the applicable requirements, check the deadline recorded for your own company on the Companies House register rather than relying on a general rule of thumb.

What information is needed to prepare first year accounts?

It depends on what the company has done, but typically we will ask for bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, director transactions and loans, share capital information, and any finance or hire purchase agreements. If the company runs payroll or is VAT registered, the relevant records will also be needed. A company with very little activity will still need to account for whatever has taken place, including any share capital introduced and expenses paid on the company's behalf.

Do newly incorporated companies have to file accounts with Companies House?

Yes, where the filing requirement applies to the company. Incorporation brings with it statutory filing obligations, and the first accounts are part of those obligations even if the company has only recently started or has not yet begun trading. Where there have been no significant accounting transactions, the correct reporting position depends on the company's specific circumstances and the applicable rules — it should not be assumed that the company is dormant without checking. Directors remain responsible for making sure the filings happen.

Are first year accounts the same as a CT600?

No. First year accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, usually a CT600, is submitted separately to HMRC, and the company's first Corporation Tax accounting period may not match its statutory accounts period. The figures from the accounts often feed into the tax computation, but the two filings serve different purposes and go to different organisations. Completing one does not automatically complete the other.

Can a new company qualify for micro-entity accounts?

It may, but eligibility is not automatic just because a company is small or newly formed. The micro-entity framework, which uses FRS 105, applies only to entities that meet the relevant eligibility conditions for the accounting period in question. A company that does not qualify may fall within the small-company framework instead. We look at your company's circumstances, including its balance sheet position where relevant, before deciding which framework to use for the first-year accounts.

Do first year accounts replace the confirmation statement?

No, these are separate filings. The confirmation statement confirms that the information Companies House holds about the company — such as directors, registered office and share capital — is up to date. Filing your first statutory accounts does not satisfy that requirement, and the confirmation statement does not replace the accounts. Companies generally need to keep both obligations in view, and directors should ensure the register details remain accurate throughout the year.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which vary depending on how late the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If you believe there was a valid reason for the delay, an appeal may be possible, but eligibility depends on the circumstances and the applicable rules. If your first-year accounts are already overdue, the priority is to get them prepared and filed without further delay.