─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Eyemouth — Prepared and Filed With Professional Support

If your company has recently been incorporated in Eyemouth, your first set of statutory accounts is one of the earliest compliance milestones you will face. First Year Accounts for Limited Company work involves more than adding up figures: it means pulling the company’s accounting records together, preparing a balance sheet and, where applicable, a profit and loss account, and producing accounts that can be delivered to Companies House where required. Our role is to review the records you hold, confirm the correct accounting period and accounting reference date, and prepare the accounts under the reporting framework your company is eligible for. Where Corporation Tax applies, a CT600 is a separate submission made to HMRC rather than part of the Companies House filing, and we can explain how that fits alongside your first-year accounts.

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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 Why Do They Matter for Newly Incorporated Companies in Eyemouth?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the period that begins on the date of incorporation and ends on the company’s first accounting reference date, which Companies House sets when the company is formed. The first accounting period is based on those dates, so it does not always match the twelve-month periods that follow, and the filing deadline that applies is worked out from the company’s own incorporation and accounting reference dates rather than one rule that fits every business. Preparing them is a statutory duty rather than an optional extra. A limited company is generally required to prepare accounts for each financial year and deliver them to Companies House where required, even where a newly incorporated company has had limited transactions during its first period. Directors remain responsible for making sure this happens, which includes keeping adequate accounting records and ensuring filings are made on time. The framework used to prepare the accounts depends on the company. Some companies qualify as micro-entities and can prepare simplified accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. Others fall within the small company regime, and some will need to prepare accounts on a fuller basis. Eligibility is assessed against the applicable conditions for the accounting period in question, so it is worth confirming before any accounts are drafted — a low turnover figure alone does not automatically make a company a micro-entity. First year accounts are not the same as a Corporation Tax Return or a confirmation statement. Statutory accounts are prepared for the company and its members and are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may differ from its statutory accounts period. A confirmation statement is a further separate filing, used to confirm the company’s register information is up to date. For directors of newly incorporated companies in Eyemouth, understanding which of these obligations apply, and in what order, usually makes the first year far easier to handle.

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 Eyemouth Prepared by Professionals

First-year accounts can feel unfamiliar, especially if you are not certain which reporting framework applies to your company or what Companies House expects from a business that has only recently been incorporated. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies, helping to organise accounting records, prepare the first set of statutory accounts and file them with Companies House where required. Where your company also has Corporation Tax obligations, we can explain how those separate HMRC requirements sit alongside your accounts. Directors in Eyemouth who would rather have their first accounting period dealt with properly from the outset can speak to us for clear pricing, transparent fees and fixed-fee support with no hidden costs.

─── 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 statutory accounts covering a company's initial accounting period, running from the date of incorporation to the company's first accounting reference date. They are prepared from the company's accounting records and normally include a balance sheet, together with a profit and loss account and supporting notes where applicable. This is the company's first annual accounts filing, not a document produced only once trading begins.

When do first accounts need to be filed with Companies House?

The deadline depends on the company's incorporation date, its accounting reference date and the requirements that apply to its first accounting period, so it is not identical for every company. Companies House confirms the accounting reference date on incorporation, and it can also be checked on the public register. Rather than relying on a general rule of thumb, we work from your company's specific dates when preparing first-year accounts.

Do we still need to file accounts if the company has not started trading?

Filing obligations do not disappear simply because activity has been limited. A company that has not yet commenced trading may still need to file accounts for its first accounting period, although the position depends on the company's circumstances and the applicable rules. It is worth taking advice rather than assuming the company is dormant, because dormant status has its own conditions and comes with separate filings.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and its members and are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the two serve different purposes. Figures from the accounts often inform the tax return, but completing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

What records are needed to prepare first-year accounts?

It depends on the transactions the company has actually had. Typically this includes bank statements and transactions, sales invoices and income records, purchase invoices and receipts for business expenses, details of any assets purchased, share capital information, director transactions and any loans or finance agreements. Payroll records where the company employs staff, or VAT records where it is VAT registered, may also be relevant. For a company in Eyemouth, well-organised records make the accounts quicker to prepare and reduce the number of queries that need to be raised.

Can a newly incorporated company prepare micro-entity accounts?

Some newly incorporated companies qualify for the micro-entity framework, which allows simplified accounts to be prepared under FRS 105 where the eligibility conditions for the relevant period are met. Qualifying is not automatic — it depends on the company's size and circumstances, and eligibility is assessed against the applicable thresholds for that accounting period. A company that does not qualify as a micro-entity may still fall within the small company regime, and we confirm which framework applies before preparing anything.

Do first-year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement is used to confirm that the information Companies House holds about the company, such as its directors, registered office and share capital, is up to date. Filing statutory accounts does not replace it, and keeping the register accurate remains part of the directors' responsibilities.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties and further action to secure the outstanding filing. The outcome is not necessarily the same in every case, and paying any penalty does not remove the requirement to file the accounts. If a filing has been missed, the priority is to complete and deliver the accounts as soon as possible, and we can assist with that.