─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ellesmere, Prepared and Filed Properly

A company’s first set of statutory accounts is one of the earliest real compliance tasks after incorporation, and it arrives whether or not the business feels ready for it. Micro Entity Accounts supports directors in Ellesmere with exactly that work: reviewing the accounting records, preparing the first-year statutory accounts, building the balance sheet and, where the reporting framework requires one, the profit and loss account, and delivering the accounts to Companies House where filing applies. If the company has started trading, there may also be a Corporation Tax Return, such as a CT600, to prepare for HMRC. That is a separate filing, sent to a different authority for a different purpose, and we keep the two clearly apart so nothing is assumed to be covered when it is not.

🔥 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 Why Do They Matter in Ellesmere?

First-year accounts are the first set of annual statutory accounts a limited company prepares. They cover the company’s initial accounting period, which normally begins on the date of incorporation and ends on the company’s first accounting reference date. Companies House sets that accounting reference date when the company is formed, typically the last day of the month in which the first anniversary of incorporation falls, although the exact position always depends on the individual company’s records rather than on a general rule applied across the board. Every limited company has to prepare accounts for its accounting period, and where required those accounts are filed at Companies House. This obligation does not disappear because the company is new, because it has traded only lightly, or because trading has not started yet. A company with minimal activity still has a statutory position to deal with, and how that position is reported depends on the facts of the case. Very limited activity does not automatically make a company dormant in the statutory sense, so it is worth checking the position rather than assuming a simpler route applies. What the accounts actually contain depends on the reporting framework the company uses. For many smaller companies this means a balance sheet, a profit and loss account where the framework requires one, and the supporting notes and statements that go with the accounts, including the directors’ responsibilities. A company may be able to use the micro-entity framework if it meets the eligibility conditions for the relevant accounting period. FRS 105 is the financial reporting standard written for qualifying entities using that micro-entity framework, but it does not apply to every new company by default, and small-company reporting under another framework may be the more appropriate choice. Eligibility is a question of the company’s circumstances and the rules for that period, not simply a matter of being newly incorporated. Three separate obligations are often bundled together in practice, and separating them avoids problems later. First-year statutory accounts are prepared for the company and, where required, delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC, and the company’s first Corporation Tax accounting period does not necessarily line up exactly with the period covered by its statutory accounts. A confirmation statement is a third, different filing: it confirms that the company’s registered information is up to date and does not replace the accounts in any way. Where a company is VAT registered, its VAT returns are separate again. For directors in Ellesmere dealing with a first accounting period, the practical starting point is usually the accounting records. Bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions, share capital information, loans and any payroll or VAT records where relevant all feed into the figures. We review what exists before the accounts are prepared, so the numbers rest on something verifiable rather than on estimates that may need unpicking later.

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.

First Year Accounts for Limited Company in Ellesmere — Get the First Set Right

The first set of accounts tends to set the pattern for every year that follows, and it is also the set most likely to catch a director out, because the accounting period, the reporting framework and the Companies House filing requirements do not follow the same calendar as the tax year. If you are unsure which records need to be brought together, whether the company meets the conditions for micro-entity reporting, or how the Companies House filing sits alongside a CT600 for HMRC, Micro Entity Accounts can prepare and file the first-year accounts on the company’s behalf. The work is carried out by people who deal with newly incorporated companies routinely, with clear pricing and no hidden costs, and we will explain what applies to your first accounting period before anything is submitted. Send over your company details and accounting records, and we will set out the next steps for your first year accounts.

─── 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 company's first set of annual statutory accounts. They cover the initial accounting period, which normally runs from the date of incorporation to the first accounting reference date set for the company, and they generally include a balance sheet, a profit and loss account where the applicable framework requires one, supporting notes and the statements that accompany the accounts. Where required, they are filed at Companies House.

When are first-year accounts due?

The due date depends on the company's incorporation date and its accounting reference date rather than on a single fixed rule for all companies. First accounts usually benefit from a longer filing window than accounts for later periods, but the exact deadline still needs to be worked out from the company's own records. We confirm the applicable filing date for your company once the accounting reference date and period are established. Failing to file on time can lead to Companies House consequences, and settling any penalty does not remove the requirement to file the outstanding accounts.

What information is needed to prepare first-year accounts?

It varies with what the company has actually done. Typically we would look at bank transactions and statements, sales and income records, purchase invoices, expense receipts, details of any assets bought, director transactions or loans, share capital information, and payroll or VAT records if those apply. Companies with very little activity will naturally have less to provide. If you are based in Ellesmere and are not sure what is relevant, we can work through the list against your circumstances before preparation begins.

Do new limited companies have to file accounts with Companies House?

Yes, in general a limited company must prepare annual accounts and file them with Companies House where filing is required, and that duty starts with the first accounting period. Companies House does not prepare the accounts and does not approve them; filing places them on the public record. Where a company has had no significant accounting transactions, its reporting position depends on its individual circumstances and the applicable rules, so it is worth checking rather than assuming a dormant basis applies.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and, where required, delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and it is a separate filing with a separate purpose. Figures from the accounts are often used when working out the company's tax position, but filing the accounts does not submit the CT600, and filing the CT600 does not complete the Companies House accounts filing. The first Corporation Tax accounting period may also differ from the period covered by the statutory accounts.

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

It may be able to, if it meets the eligibility conditions that apply for the relevant accounting period. Qualification is not automatic for new companies, for startups, or simply because turnover is low. Where a company does qualify, FRS 105 is the reporting standard used for entities applying the micro-entity framework. If it does not, small-company reporting under a different framework may be suitable, and we assess this as part of preparing the first-year accounts.

Do first-year accounts replace the confirmation statement?

No, these are two different filings with different purposes. A confirmation statement confirms that the company's registered details, such as its directors, registered office and share capital, are correct and up to date. It has its own filing schedule and fee requirements, and a company may need to submit one during its first year regardless of what the accounts show. Keeping Companies House information current is a separate responsibility from preparing the accounts.

What happens if first-year accounts are filed late?

Missing the applicable filing deadline can result in Companies House consequences, which may include late filing penalties that increase the longer the accounts remain outstanding. The outcome depends on how overdue the accounts are and on the company's circumstances, and paying a penalty does not remove the obligation to file. Where an appeal is considered, eligibility depends on the circumstances and the applicable rules. If your accounts are already overdue, it is usually better to deal with them promptly, and we can assist with preparing and filing the outstanding accounts.