─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Coldfield — Professional Preparation and Filing Support

A company’s first statutory accounts cover the period from incorporation through to its first accounting reference date, and they are the foundation on which later years are built. Micro Entity Accounts prepares first year accounts for limited company directors in Coldfield, reviewing the underlying accounting records, drafting the balance sheet and, where the applicable framework requires it, the profit and loss account, and supporting delivery of those accounts to Companies House where required. Where the company also has Corporation Tax obligations, a CT600 is submitted separately to HMRC — a different filing, with a different destination and its own accounting period.

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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 New Limited Companies in Coldfield

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period begins on the date of incorporation and ends on the company’s first accounting reference date, which means the first set of accounts can cover more or less than twelve months. They are not optional, and the obligation can apply even where the company has had limited activity during the period. The accounts are prepared from the company’s accounting records and are generally delivered to Companies House where required. Some companies may be eligible to report using the micro-entity framework, with accounts prepared under FRS 105, the financial reporting standard applicable to qualifying entities. Eligibility depends on meeting the applicable conditions for the relevant accounting period, so it has to be assessed rather than assumed. Not every newly incorporated company is a micro-entity, and low turnover on its own does not confirm eligibility. It also helps to keep three obligations clearly apart. First year statutory accounts are filed with Companies House. A Corporation Tax Return such as a CT600 is submitted to HMRC, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a separate annual filing confirming that the information on the public register is correct, and it neither replaces the accounts nor is replaced by them.

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 Coldfield Prepared Properly

Preparing a first set of statutory accounts is rarely as simple as it first appears. Directors in Coldfield often find that questions about the first accounting period, the accounting reference date and the right reporting framework only surface once the year has ended. Micro Entity Accounts can prepare your statutory accounts from the records you hold, explain what is needed for Companies House filing, and set out where Corporation Tax fits as a separate HMRC matter. If your company is nearing the end of its first accounting period, or the records need tidying before they can be used, get in touch and we will talk through your 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 accounts covering a company's initial accounting period. That period normally runs from the incorporation date to the company's first accounting reference date, so the first set of accounts can cover a longer or shorter span than twelve months. Depending on the reporting framework that applies, the accounts typically include a balance sheet, a profit and loss account where required, notes to the accounts and any statements the framework calls for. They are prepared from the company's accounting records and are generally filed at Companies House where required.

When are first year accounts due?

There is no single date that fits every company. The first accounting reference date is usually set by reference to the month of incorporation, and the filing deadline for a first set of accounts can differ from the deadline that applies in later years. Because both depend on the company's own incorporation date and accounting reference date, it is worth confirming the applicable deadline for your company rather than relying on a general rule of thumb. You can check the company's record at Companies House, or ask us to review the dates with you.

What information is needed to prepare first year accounts?

It depends on what the company has done during the period. As a general guide, we look at bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director loan movements, any loans or finance arrangements, and payroll or VAT records where those apply. A company with very little activity may have only a small number of items to review, but the accounts still need to reflect the position accurately. Well-kept bookkeeping records make preparation quicker and reduce queries.

Does a newly incorporated company have to file accounts with Companies House even if it has not started trading?

In many cases a company still has statutory accounts obligations even where it has not yet started trading or has only limited activity. Whether accounts need to be filed, and what they should contain, depends on the company's circumstances and the applicable rules. A company is not automatically dormant simply because it has few or no transactions, as dormant status has its own conditions. It is usually best to confirm the position early, particularly where the company has already incurred costs such as formation or accountancy fees.

Are first year accounts the same as a CT600?

No. They are separate filings with different purposes and different destinations. Statutory accounts are delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. Accounting information from the statutory accounts often feeds into the tax return, but submitting one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

Is a confirmation statement part of the first year accounts?

No, a confirmation statement is a separate filing. It confirms that the information Companies House holds about the company, such as its directors, registered office and share capital, remains accurate. Filing first year accounts does not satisfy the confirmation statement requirement, and submitting a confirmation statement does not discharge the accounts filing obligation. A newly incorporated company may need to deal with both during its first period of trading.

Can a new limited company qualify for micro-entity accounts?

It may do, if it meets the eligibility conditions for the relevant accounting period. Micro-entity accounts are prepared under FRS 105, the financial reporting standard applicable to qualifying entities, and the requirements are more streamlined than those for larger frameworks. Qualifying is not automatic, however: not every newly incorporated company is a micro-entity, and a low turnover figure on its own does not confirm eligibility. We review the criteria against your company's circumstances before deciding which framework applies.

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 may include penalties. The outcome depends on the circumstances and the length and reason for the delay, so it is not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If a filing date has already passed, or you are concerned that it might, it is worth taking advice promptly, as appeal eligibility depends on the facts and the applicable rules.