─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A newly incorporated company in East Leeds has a set of statutory accounts to prepare for its first accounting period, and that first set often raises more questions than any that follow. Micro Entity Accounts helps directors work through it: we review the accounting records, prepare the first statutory accounts, and file them with Companies House where required. We also explain how the first accounting period and accounting reference date affect the filing deadline, and how the company’s reporting framework is determined. Where Corporation Tax applies, we can support with accounts information for a CT600, but that return is a separate HMRC requirement — Companies House accounts and Corporation Tax filings serve different purposes and go to different authorities.

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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 When Does the Micro-Entity Framework Apply?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, it has an accounting reference date, and its first accounting period runs from that starting point until the first accounting reference date — often a longer period than in later years, because the first period is measured from incorporation rather than from a normal twelve-month cycle. Companies House expects a first set of accounts to be delivered where they are required, and the deadline depends on the company’s incorporation date, accounting reference date and the applicable filing requirements, so it varies from company to company. Some newly incorporated companies qualify for the micro-entity reporting framework, which is set out in FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Others fall under the small-company regime or prepare accounts under a fuller framework. Eligibility depends on the company’s circumstances and the thresholds that apply for the relevant accounting period, and it is not something to assume — a new company with modest activity does not automatically qualify, and FRS 105 does not automatically apply. For companies in East Leeds preparing their first set of figures, we look at eligibility before deciding how the accounts should be drawn up. It also helps to be clear about what first year statutory accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and separate again from the confirmation statement that keeps Companies House records up to date. Filing one does not complete the others.

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 Leeds Prepared Accurately and Filed Correctly

If your company has recently been incorporated, the uncertainty is usually not about whether accounts are needed — it is about what goes into them, which framework applies, and what has to be sent where. Micro Entity Accounts can take that off your desk: we review your accounting records, prepare the first statutory accounts, and handle Companies House filing where required, while explaining the separate Corporation Tax position with HMRC if it applies to your company. Whether you are a contractor, a startup or a director running a small trading company in East Leeds, getting the first set right sets a clearer foundation for every accounting period that follows. Speak to us before your first filing date and we can tell you exactly what is needed.

─── 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 annual statutory accounts a company prepares, covering the period from incorporation to its first accounting reference date. They typically include a balance sheet, and a profit and loss account where the applicable framework requires one, together with any notes and the directors' responsibilities statement required by that framework. They are prepared from the company's accounting records and, where required, delivered to Companies House. They are not the same as a Corporation Tax Return, which goes to HMRC.

When are first year accounts due at Companies House?

The deadline is based on your company's accounting reference date, and the first filing window is generally longer than for later years because it is measured from the incorporation date. It is not the same for every company, so the reliable starting point is the date Companies House has recorded against your company. We check that date when we take on a first-year filing and confirm what it means for your company's timetable.

What information do you need to prepare first year accounts?

It depends on what the company has done, but it usually includes bank transactions and statements, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director loans or transactions, and any loans or finance arrangements. Payroll and VAT records are relevant where the company operates those schemes. If activity has been limited, we still need to understand the transactions that did take place so the accounts reflect the correct position.

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

A company may still have statutory filing obligations even where it has had limited or no trading activity. Whether dormant accounts are appropriate depends on the company's circumstances and the applicable rules — it should not be assumed automatically. A company that has received share capital, incurred costs or hold assets may not meet the dormant criteria. We assess the position before deciding how the accounts should be prepared.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. Information from the accounts often feeds into the tax computations, but the two are separate filings with separate purposes and separate destinations. Completing one does not complete the other, and it is worth noting that the first Corporation Tax accounting period may not be identical to the statutory accounts period.

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

Possibly, but eligibility is not automatic. The micro-entity framework under FRS 105 is available to companies that meet the applicable eligibility conditions for the relevant accounting period, and those conditions are assessed against the company's own figures and circumstances. A low-activity startup does not automatically qualify, and a company that qualifies should still consider whether the framework suits how its accounts will be used. We confirm eligibility before preparing the accounts.

Do first year accounts replace the confirmation statement?

No. They are two separate obligations. 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, and it is filed separately. Filing first year accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not satisfy the accounts requirement.

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 those consequences are not necessarily the same in every case. Paying any late filing penalty does not remove the requirement to file the outstanding accounts. Where a penalty has been issued, whether an appeal is possible depends on the circumstances and the applicable rules. If your first accounts are overdue, the sensible step is to get the accounts prepared and filed as soon as the information allows, and we can assist with that.