─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Incorporating a company brings a set of reporting duties that start earlier than many directors expect. Your first set of statutory accounts covers the company’s initial accounting period, and it needs to be prepared from accurate accounting records and delivered to Companies House where required. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Ealing with First Year Accounts for Limited Company preparation, including reviewing the records you hold, drafting the balance sheet and profit and loss account where applicable, and helping with the filing itself. We also make clear how the first accounting period and accounting reference date affect what is due, and how Corporation Tax work such as a CT600 is a separate matter submitted to HMRC rather than something completed by filing accounts with Companies House.

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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 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      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 .

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 What Do They Include?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. The period usually begins on the date of incorporation, although the accounting reference date and any subsequent changes can affect how long that first period runs. Rather than following a standard twelve-month pattern, a company’s first accounting period may be longer or shorter than a year, which is one reason first-year reporting is often less straightforward than the accounts that follow. Every limited company is expected to deal with its statutory accounts obligations, even where activity has been limited or trading has not yet started, and the company’s position in those circumstances depends on its own facts and the applicable rules rather than being automatically treated as dormant. The accounts themselves are built from the company’s accounting records. Depending on what the company has done, that may include bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, share capital information, director transactions or loans, and payroll or VAT records where those apply. From those records, the statutory accounts are usually prepared with a balance sheet and, where relevant, a profit and loss account, together with the supporting notes and disclosures required by the framework the company uses. Directors remain responsible for ensuring the company meets its obligations and for the information filed, even when an accountant is engaged to prepare and submit it. Separately, some companies may qualify for simplified reporting as a micro-entity or a small company if they meet the eligibility requirements for the relevant accounting period. Eligibility is not automatic, and a company with modest activity does not necessarily qualify without checking the criteria. Where a company does qualify, FRS 105 is the financial reporting standard that applies to entities using the micro-entity framework, and the accounts are prepared accordingly. Alongside the statutory accounts, a company may also need to file a confirmation statement, keep its Companies House information current, and deal with Corporation Tax through HMRC. A Corporation Tax Return such as a CT600 is a distinct filing with a separate purpose and destination, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. Keeping these obligations apart makes it easier to plan who needs what, and when.

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.

Take the Guesswork Out of Your First Year Accounts for Limited Company in Ealing

Directors of new companies often find that the awkward part is not the accounting itself but knowing what the first period should cover, which records matter, and what has to be sent to Companies House. Micro Entity Accounts can help you work through that, from confirming the reporting framework that fits your circumstances to preparing and filing your first statutory accounts where required. If your records are incomplete or you are unsure whether your company qualifies for micro-entity treatment, it is worth getting that checked before the accounts are drafted rather than afterwards. Speak to us about your company’s first period and let us take the preparation and filing support off your list while you stay focused on running the business.

─── 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 company's first set of annual statutory accounts, covering the initial accounting period that normally starts on the date of incorporation. The accounts are prepared from the company's accounting records and generally include a balance sheet and, where applicable, a profit and loss account with the supporting notes and disclosures required by the reporting framework the company uses. They are distinct from a Corporation Tax Return and from a confirmation statement.

When are first limited company accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the length of the first accounting period, which is not always twelve months. Companies House sets out the applicable filing deadline for each company, so the most reliable starting point is the company's own filing record and correspondence rather than a general rule of thumb. If you are unsure what applies to your company in Ealing, we can help you identify the relevant period and deadline before preparing the accounts.

What information is needed to prepare first-year accounts?

It depends on what the company has done. Typically we would look at bank statements and transactions, sales and income records, purchase invoices, business expenses, any asset purchases, share capital details, director loans or transactions, and payroll or VAT records where those apply. If a company has had very little activity, the records needed may be minimal, but the reporting position still needs to be established rather than assumed.

Does a newly incorporated company have to file accounts with Companies House?

A limited company is generally expected to prepare and file statutory accounts with Companies House where required, and this is not avoided simply because the company is new or has not yet started trading. Where there have been no significant accounting transactions, the correct treatment depends on the company's circumstances and the applicable rules, and a dormant position is not something to assume without checking. Filing accounts does not remove the separate need to keep the company's Companies House information up to date, including through confirmation statements.

Are first-year accounts different from annual accounts?

They follow the same statutory reporting principles, but the first period is the one that often needs the most attention because its length can differ from the twelve-month pattern used later. Once the first accounting period is settled, subsequent periods usually run for a year from the accounting reference date. Directors' responsibilities and the need for accurate accounting records apply in the first year just as they do afterwards.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts are often used when working out the company's Corporation Tax position, but the two filings have different purposes and go to different destinations. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing. A company's first Corporation Tax accounting period may also differ from its statutory accounts period.

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

Some newly incorporated companies may qualify for the micro-entity or small-company reporting framework, but this depends on meeting the eligibility requirements for the relevant accounting period. It is not automatic, and low activity or being newly formed does not by itself confirm eligibility. Where a company qualifies, FRS 105 is the standard that applies to entities using the micro-entity framework. We assess the appropriate framework based on your company's circumstances before the accounts are prepared.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and these are not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If you believe there were valid reasons for a delay, it may be possible to appeal, but eligibility depends on the circumstances and the applicable rules. If your first-year accounts are already overdue, it is worth dealing with them promptly rather than waiting further.