─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A company’s first accounting period shapes how smoothly the rest of its compliance runs, and the accounts prepared for it need to be accurate, properly presented and delivered on time. Micro Entity Accounts works with newly incorporated and newly trading limited companies in East Hoathly to bring their accounting records into order, prepare their first statutory accounts and file them with Companies House where required. We also make the boundaries clear: a Corporation Tax Return such as a CT600 is submitted separately to HMRC, and a confirmation statement is a different Companies House filing altogether. That way, nothing important slips past you in your first year of trading.

🔥 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

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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 Does Your New Limited Company Qualify?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period — the period that normally starts on the date of incorporation. They are generally prepared once that period ends and are then filed with Companies House where required. The first accounting period is often longer than the periods that follow, so the exact dates depend on your incorporation date and the accounting reference date Companies House has set for your company rather than on a single rule that fits every new business. A typical set of first accounts includes a balance sheet and, where the applicable framework requires one, a profit and loss account, together with any notes and confirmation of the directors’ responsibilities. The figures come from the company’s accounting records: bank and credit card transactions, sales and income records, purchase invoices, expense receipts, asset purchases, share capital details, director transactions, loans and finance, and payroll or VAT records where those apply. Not every company will have all of these in its first year, and it is fine to work from what genuinely exists. Some companies qualify for the micro-entity framework and the simplified reporting that comes with it, including FRS 105 where the eligibility conditions are met. That is not automatic. A newly incorporated company is not automatically a micro-entity, and low turnover alone does not settle the question — eligibility is assessed against the applicable requirements for the relevant accounting period, and the appropriate framework should be confirmed before preparation begins. It also helps to be clear about what first year accounts are not. They are not a Corporation Tax Return. A CT600 is submitted separately to HMRC where applicable, and a company’s first Corporation Tax accounting period does not always match its statutory accounts period, even though the accounting information behind both is closely related. They are not a confirmation statement either, which is a separate Companies House filing that keeps the public register current. And where a company has had limited activity or has not yet begun trading, it may still have statutory filing obligations — the reporting position depends on the company’s actual circumstances and the applicable rules rather than an assumption that nothing needs to be filed.

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 East Hoathly Prepared with Confidence

If you are unsure what your first accounting period covers, which reporting framework suits your company, or exactly what has to go to Companies House, you are in familiar company among directors in East Hoathly going through their first year. Micro Entity Accounts can review your accounting records, prepare your first statutory accounts and support you with filing them where required, while being clear about which obligations sit with Companies House and which sit with HMRC. Responsibility for the company’s compliance stays with the directors, but there is no reason to work through your first set of accounts on your own — a short conversation about where your company stands is a sensible first step.

─── 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, which normally begins on the date of incorporation. They include a balance sheet and, where the applicable framework requires one, a profit and loss account, along with any notes and confirmation of the directors' responsibilities. Once prepared, they are generally filed with Companies House where required. They are separate from a Corporation Tax Return, which is submitted to HMRC, and from a confirmation statement, which is a distinct Companies House filing.

When are a new limited company's first accounts due?

It depends on your incorporation date and the accounting reference date that applies to your company. A first accounting period can be longer than later ones, which is why Companies House publishes the specific deadline for your company on its register. Because first-year dates are rarely identical from one company to the next, we check the dates that apply to you rather than relying on a general assumption.

What information is needed to prepare first year accounts?

The accounts are built from the company's accounting records. In practice that usually means bank and credit card transactions, sales and income records, purchase invoices and expense receipts, details of assets bought or sold, share capital information, director's loan and other loan balances, and payroll or VAT records where those apply. A new company will not necessarily have all of these in its first year, so we work from what actually exists and flag anything that looks like it is missing.

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

In most cases, yes. A limited company generally has to prepare and file statutory accounts for its first accounting period, even where activity has been limited. That filing does not replace other obligations, such as a confirmation statement or a Corporation Tax Return where one is due. If you are unsure whether your East Hoathly company has reached its first filing date, checking the register is more reliable than assuming there is nothing to do.

Do we still need to file first year accounts if the company has not traded?

Not necessarily in the same form, but it is not automatic. A company with no significant accounting transactions may still have filing obligations, and whether it can be treated as dormant depends on its circumstances and the applicable rules rather than a simple assumption that nothing happened. We look at what the company has actually done during the period before deciding how the first accounts should be approached.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted separately to HMRC. The company's first Corporation Tax accounting period does not always line up exactly with its statutory accounts period, and filing the accounts does not submit the tax return for you. Figures from the accounts often inform the tax position, but the two filings have different purposes and different destinations.

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

Some do, but certainly not all of them. Qualifying is not automatic simply because a company is newly formed or small, and low turnover on its own does not settle the matter. The micro-entity framework, and FRS 105 as the standard applicable to qualifying entities using it, depends on meeting the eligibility conditions for the relevant accounting period. We assess your company's position against those criteria before deciding which reporting framework is appropriate.

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, which may include penalties that vary depending on how late the filing is. Paying a penalty does not remove the requirement to file the outstanding accounts. If your first accounts are already overdue, the priority is to get them prepared and submitted, and where you believe there was a valid reason for the delay, appeal eligibility depends on the circumstances and the applicable rules.