─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Epping

Your first set of statutory accounts is a milestone for any newly incorporated company, and getting them right from the start sets a cleaner foundation for everything that follows. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Epping with the preparation of their first-year accounts, including reviewing the accounting records behind the figures, drafting the balance sheet and, where applicable, the profit and loss account, and helping to deliver the accounts to Companies House where required. We will also talk you through the accounting period, the accounting reference date and the reporting framework that applies to your company, so you understand what is being filed and why. It is worth noting that a Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and a confirmation statement is a separate Companies House filing again.

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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 Limited Company, and When Might Micro-Entity Reporting 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 a statutory accounting period, an accounting reference date and a set of filing obligations, and the first accounts typically cover the period from incorporation (or from the date the company began trading, depending on the circumstances) up to its first accounting reference date. In practice, that first period is often longer than the twelve months a director may expect, because Companies House sets the initial accounting reference date based on the incorporation date. The exact period and the corresponding filing deadline depend on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements, so they are not identical for every new company. Where required, the accounts are prepared and delivered to Companies House. Companies House is a registry, not an approval body — it does not review or approve the accounts on accounting or professional grounds. Some newly incorporated companies may qualify to prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard applicable to qualifying entities. Others may fall within the small company regime, or need to prepare accounts under a fuller framework. Eligibility depends on the company’s circumstances and the applicable thresholds for the relevant accounting period, and it is not automatic — a company does not become a micro-entity just because it has recently been incorporated or has had limited activity. We confirm the appropriate framework as part of the accounts preparation process. It also helps to be clear about what first-year accounts are not. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate compliance matter, even when the figures in the accounts inform it. A confirmation statement is a separate Companies House filing that confirms the company’s registered details. And if a company’s first Corporation Tax accounting period differs from its statutory accounts period, that is not unusual — the two can start and end on different dates.

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 Limited Company Accounts Prepared with Confidence in Epping

If your company has recently been incorporated and you are unsure how the first accounting period works, what records you need to pull together or which reporting framework applies, you are not alone — these are the questions directors ask us most often. Micro Entity Accounts helps newly incorporated limited companies in Epping prepare their first-year accounts, from reviewing bank transactions, sales records, expenses and director transactions through to drafting the accounts and supporting the Companies House filing where required, with clear pricing and no hidden costs. We will also explain how the accounts position fits alongside separate obligations such as a Corporation Tax Return or a confirmation statement, so nothing is assumed and nothing is overlooked. Speak to us before your first accounting reference date arrives.

─── 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 first set of annual statutory accounts prepared by a limited company for its initial accounting period. They usually include a balance sheet and, depending on the framework the company reports under, may also include a profit and loss account and notes. They are prepared from the company's accounting records and, where required, delivered to Companies House.

When are my company's first accounts due?

The deadline depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. The first accounting period is often longer than twelve months, which can catch directors out. We recommend checking your company's accounting reference date and confirming the filing deadline as soon as possible after incorporation, rather than working back from the date you assume applies.

What information do you need to prepare first-year accounts?

It varies by company, but typically we would ask for bank statements and transaction records, sales or income records, purchase invoices and business expense receipts, details of any assets purchased, share capital information, any director's loan transactions, and loans or finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. If your company has had little activity, tell us — that does not automatically mean there is nothing to file.

Does a new limited company have to file accounts with Companies House?

In most cases, yes. Incorporation creates statutory reporting obligations, and the first set of accounts generally needs to be delivered to Companies House where required, even if trading has been limited or has not yet started. Where a company has had no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. It is worth confirming your position rather than assuming.

Are first-year accounts different from annual accounts?

They are the same type of filing, just the first one. First-year accounts cover the company's initial accounting period, while later annual accounts cover each subsequent period. The first set can be more involved because of the initial accounting reference date, any pre-trading period, and the fact that there are no prior-year figures to compare against.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and although the accounting figures often inform it, it is a separate filing with a separate purpose and a separate destination. Completing one does not complete the other.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms details such as the company's registered office, directors and shareholders, and it does not replace the statutory accounts. Filing your first-year accounts does not remove the need to keep your Companies House information up to date.

Can a newly incorporated company use the micro-entity framework?

It may be able to, if it meets the applicable eligibility requirements for the relevant accounting period. Micro-entity accounts are prepared under FRS 105, the standard applicable to qualifying entities, but FRS 105 does not automatically apply to every new company, and a low turnover alone does not guarantee eligibility. Many companies in Epping fall within the small company regime instead. We confirm the correct framework based on your circumstances and any applicable thresholds.