─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Esher, Prepared and Filed Correctly

A company’s first set of statutory accounts tends to raise more questions than any that follow, because the accounting period, the reporting framework and the filing position are all new. If you incorporated a limited company in Esher and the first accounting reference date is approaching, Micro Entity Accounts can prepare those first-year statutory accounts for you — reviewing the accounting records you hold, drawing up a balance sheet and, where the applicable framework requires one, a profit and loss account, and delivering the accounts to Companies House where required. Where the company also has a Corporation Tax obligation, a return such as a CT600 is submitted separately to HMRC, and we can support that side of the compliance picture as well. The aim is simple: accurate accounts, prepared on the right basis for your circumstances, without you having to interpret the rules yourself.

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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 Which Framework Applies to Your Company?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional and they are not triggered by trading — incorporation itself brings statutory reporting obligations into play, and those obligations apply to an Esher company in exactly the same way as to one registered anywhere else in the UK. Generally, the first accounting period runs from the date of incorporation to the company’s first accounting reference date, which is set when the company is registered and can be adjusted in certain circumstances, subject to the applicable Companies House requirements. Some companies find their first period is longer or shorter than a standard twelve months, which is one reason the filing position is worth checking rather than assumed. The accounts themselves typically comprise a balance sheet showing assets, liabilities and shareholders’ funds at the period end, and a profit and loss account where the framework being used requires one, plus any supporting notes. This is where the micro-entity question comes in. A company may be able to prepare accounts under the micro-entity framework, with FRS 105 as the applicable financial reporting standard for qualifying entities, if it meets the eligibility requirements for the accounting period concerned. Smaller companies may instead fall within the small companies regime, and others will need to report on a fuller basis. No new company should assume it qualifies simply because it is new, has modest activity or has only one director — eligibility depends on the company’s circumstances and the applicable requirements, and it is worth confirming before the accounts are drawn up. It also helps to keep the different filings clearly separated. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where the company has a Corporation Tax obligation, and the first Corporation Tax accounting period does not always mirror the statutory accounts period. A confirmation statement is another separate Companies House filing, used to confirm the company’s registered information, and VAT returns sit outside the annual accounts entirely where the company is VAT registered. Preparing and filing the accounts does not, on its own, complete any of those other obligations.

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 Company's First Set of Statutory Accounts Prepared and Filed With Confidence

Most directors dealing with a first accounting period are doing it once, with no previous set of figures to compare against and no clear sense of what Companies House expects to receive. Records may be scattered across bank statements, receipts and invoices, the correct reporting framework may not be obvious, and the difference between the accounts filing and a Corporation Tax Return can be genuinely confusing. Micro Entity Accounts works with newly incorporated and newly trading limited companies on exactly this stage of their compliance history — helping to organise the accounting records, preparing the first-year statutory accounts on the basis that fits your circumstances, and filing with Companies House where required. Directors remain responsible for the company’s statutory obligations, but there is no reason to take on the preparation work alone. Speak to us about your first accounting period and we will explain what we need and how the process runs.

─── 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 its initial accounting period. In most cases that period begins on the date of incorporation and ends on the company's first accounting reference date, although the position can vary depending on the company's circumstances. The accounts usually include a balance sheet and, where the applicable framework requires it, a profit and loss account, together with any notes, and they are delivered to Companies House where required.

When are a new company's first accounts due?

The due date is not the same for every company. It depends on the incorporation date, the accounting reference date and the applicable Companies House requirements, and the first period itself is sometimes longer or shorter than twelve months. Rather than working from a general rule of thumb, it is worth confirming the specific filing position for your company in Esher using the details held on the public register, so that nothing is missed.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done during the period. Typically that means bank statements and transactions, details of any sales or income, business expenses and purchase invoices, asset purchases, director transactions and loans, share capital information, and payroll or VAT records where those apply. A company with very little activity will need to provide far less than one that has been trading throughout. We will confirm what is relevant once we understand your circumstances.

Does a company that has not started trading still need to file first-year accounts?

In most cases, yes — incorporation brings statutory filing obligations, and those are not removed simply because the company has not yet begun trading. Whether a company is dormant for reporting purposes, and what it therefore needs to file, depends on its particular circumstances and the applicable rules rather than on an automatic assumption. If your company has had limited or no activity, it is worth taking advice before deciding not to file anything.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. The statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts often feed into the tax return, but the two filings serve different purposes and go to different places. Completing one does not complete the other, so both need to be dealt with separately.

Can a new limited company qualify for micro-entity accounts under FRS 105?

It may do, but qualification is not automatic. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework, and eligibility depends on whether the company meets the applicable requirements for the relevant accounting period. Some companies fall within the small companies regime instead, and others need to report on a fuller basis. We can review your position and confirm which framework applies before the accounts are prepared.

Is a confirmation statement part of the first-year accounts?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details, such as its officers, registered office and share information. Filing first-year accounts does not replace it, and a limited company may still need to keep its confirmation statement and other register information up to date alongside its accounts. The two obligations run in parallel.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so the priority is usually to get the position resolved as quickly as possible. If you think an appeal may be appropriate, eligibility depends on the circumstances and the applicable rules, and we can talk you through the options.