─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first set of statutory accounts is a legal requirement, not an optional step, and getting the groundwork right early makes every later filing simpler. Completing First Year Accounts for Limited Company in Edinburgh involves pulling together the accounting records you have kept since incorporation, preparing a balance sheet and, where applicable, a profit and loss account, and delivering those accounts to Companies House where required. We work with newly incorporated and newly trading companies across Edinburgh — first-time directors, contractors, startups and small owner-managed businesses — reviewing the figures before anything is filed. If the company also has Corporation Tax obligations, we can help prepare the information that supports a CT600, which is submitted separately to HMRC rather than to 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 How Does the First Accounting Period Work?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not a one-off administrative extra — they are the company’s first formal reporting obligation, covering the period from incorporation up to the company’s first accounting reference date. Companies House assigns that accounting reference date on incorporation, and the first period is often longer than twelve months, so it should never be assumed that a new company’s opening reporting period runs for exactly a year. Two businesses incorporated in different months can therefore have quite different first accounting periods and corresponding filing dates. The accounts typically include a balance sheet and, where applicable, a profit and loss account, together with any notes required by the reporting framework the company uses. Directors remain responsible for ensuring the accounts are prepared and filed correctly, even when an accountant is engaged to do the work. For Edinburgh directors running a company for the first time, the practical question is usually what actually needs to go on the balance sheet, what has to be disclosed, and by when. That depends on the company’s own incorporation date, accounting reference date and activity during the period. Eligibility for the micro-entity framework is assessed separately: some companies qualify to report under the micro-entity framework and FRS 105 because they meet the applicable eligibility conditions for the relevant accounting period, but a company does not become a micro-entity simply by being newly incorporated. Where a company does not meet those conditions, small-company or full reporting requirements may apply instead. It is also worth being clear about what first year accounts are not. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is a further separate filing with Companies House that confirms the company’s registered details. Filing first year accounts does not complete those other obligations. Companies House also does not prepare the accounts, review whether an accountant prepared them professionally, or approve them — its role is to receive and register the filings.

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 in Edinburgh Prepared Accurately and Filed on Time

Most directors of newly incorporated companies in Edinburgh are not worried about the concept of filing accounts — they are worried about the detail. Have the right records been kept? Does the company need a profit and loss account or just a balance sheet? Which reporting framework applies? Is the accounting reference date what they think it is? Micro Entity Accounts exists to answer those questions and to take the preparation and filing of first year accounts off your desk, working from the records you hold and explaining each step in plain English. If your company is approaching its first accounting reference date, or you are unsure whether anything is outstanding, it is worth checking the position now rather than waiting for a reminder.

─── 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?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period — the period running from incorporation to the company's first accounting reference date. They usually include a balance sheet and, where applicable, a profit and loss account, plus any notes required by the reporting framework the company uses. They are the company's first formal annual reporting obligation and are delivered to Companies House where required.

When are first year accounts due?

The due date depends on the company's own dates, particularly its incorporation date and the accounting reference date Companies House assigns. A first accounting period is often longer than twelve months, which means the filing deadline for the first set of accounts may not follow the same pattern as later years. Rather than assuming a standard rule, check the specific due date recorded for your company, or ask an accountant to confirm it.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typical items include bank statements and transactions, sales and income records, business expenses and purchase invoices, asset purchases, share capital details and any director's loan movements. Payroll and VAT records are relevant where the company has those obligations. Companies that have not yet started trading will usually have far less to provide, but the position still needs to be reviewed rather than assumed.

Does a new limited company have to file accounts with Companies House, even if it has not started trading?

A newly incorporated company generally has statutory accounts obligations regardless of how much activity has taken place. Limited or no trading does not automatically remove the requirement to deal with the first accounting period. Whether the company can be treated as dormant depends on its particular circumstances and the applicable rules, so this should be assessed rather than assumed. Directors of dormant or quiet companies in Edinburgh still need to keep their filings in order.

Are first year accounts the same as a CT600?

No. They serve different purposes and go to different places. Statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts often inform the Corporation Tax position, but preparing and filing one does not complete the other. A company's first Corporation Tax accounting period may also differ from its statutory accounts period.

Can a newly incorporated company qualify for micro-entity accounts?

It may, if it meets the applicable eligibility requirements for the relevant accounting period. Micro-entity reporting under FRS 105 allows qualifying companies to prepare simpler accounts, but eligibility is not automatic and being newly incorporated is not by itself a qualification. Some companies fall within the small-company regime instead, and others need fuller reporting. The right framework should be confirmed once the company's circumstances are known.

Do first year accounts replace the confirmation statement?

No. They are separate filings with different purposes. The confirmation statement confirms the company's registered information, such as directors, registered office and share capital, and may still be required even in a year where accounts are also filed. Submitting first year accounts to Companies House does not satisfy the confirmation statement requirement, and vice versa.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. Appeal options exist in some circumstances but depend on the reasons for the delay and the applicable rules. Where a deadline has already passed, the priority is usually to get the position reviewed and the filing completed.