─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have recently incorporated a company and are running it from Fishguard or the surrounding area, the first set of statutory accounts can feel like unfamiliar ground. Micro Entity Accounts helps newly incorporated and newly trading limited companies prepare their First Year Accounts for Limited Company properly — reviewing the accounting records you have kept, drafting the balance sheet and profit and loss account where applicable, and supporting you with filing the accounts at Companies House where required. We also explain how your incorporation date and accounting reference date shape your first accounting period, and how those statutory accounts obligations sit alongside separate matters such as a Corporation Tax Return or CT600 submitted to HMRC, confirmation statements, and VAT where applicable. Directors remain responsible for the company’s compliance, but professional preparation and a clear explanation of each step makes the whole process far easier to manage.

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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?

First year accounts are the first set of statutory annual accounts a limited company prepares, covering its initial accounting period. They are a statutory requirement rather than an optional exercise. A newly incorporated company is expected to prepare accounts for its first period and deliver them to Companies House where required, even where trading has been limited or has not yet begun. The first accounting period normally starts on the date of incorporation and ends on the company’s first accounting reference date, and it is often longer than the twelve months that later periods usually cover. Companies House sets that original accounting reference date from the incorporation date, and it can be changed in certain circumstances, so it is sensible to confirm yours before any preparation work starts. Depending on the reporting framework applied, the accounts may include a balance sheet with supporting notes, and in some cases a profit and loss account. First year accounts generally do not carry comparatives, because there is no earlier period to compare against. Many companies find that the framework question is the part they are least certain about. Some companies meet the eligibility conditions for the micro-entity framework, in which case FRS 105 — the financial reporting standard applicable to qualifying micro-entities — may be used. That is not automatic. Eligibility depends on meeting the applicable thresholds and conditions for the relevant accounting period, and those conditions need to be checked rather than assumed. A company that does not qualify may report under the small companies regime or under fuller standards instead. It also helps to be clear about what first year accounts are not. They are not a Corporation Tax Return. Statutory accounts are delivered to Companies House where required, while a CT600 is submitted to HMRC where the company has Corporation Tax obligations, and the two filings serve different purposes even though they draw on overlapping accounting information. A confirmation statement is a separate filing again, and it does not replace the accounts. Directors in Fishguard who understand those distinctions early tend to find the first year runs far more smoothly, because they know which document is due where, and why.

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 Fishguard Prepared Correctly

The first set of accounts often raises more questions than any that follow: which dates the period covers, what figures are needed, which reporting framework applies, and what actually has to be delivered to Companies House. If you are unsure whether your records are complete, or whether your company meets the conditions for the micro-entity framework, Micro Entity Accounts can review the information you hold, prepare the First Year Accounts for Limited Company, and support you with the filing where required. You will get a clear explanation of what has been prepared and why, along with fixed-fee support, transparent pricing and no hidden costs, so you know exactly where your company stands. Speaking to us before your first period closes is the simplest way to keep the process under control from the outset.

─── 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 annual accounts a company prepares, covering the period from incorporation through to its first accounting reference date. They are prepared under the applicable company law requirements and are delivered to Companies House where required. Depending on the framework used, they typically include a balance sheet with notes, and a profit and loss account in some cases. Because there is no earlier period, first year accounts generally do not include comparative figures.

When are first year accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, together with the applicable Companies House requirements, so it is not the same for every company. Because a first accounting period is often longer than twelve months, the filing date is not necessarily twelve months after your period ends. The reliable approach is to confirm the exact date that applies to your company and diarise it early, rather than working from a general rule of thumb.

What information is needed to prepare first year accounts?

It depends on what the company has actually done, but common items include bank statements and transaction listings, sales or income records, purchase invoices and business expenses, details of any assets purchased, director transactions and loans, and share capital information. Where payroll or VAT applies, the related records are relevant too. Not every company will have all of these. Providing whatever you hold, even if the records are incomplete, lets us establish what is missing before preparation begins.

Do newly incorporated companies have to file accounts with Companies House?

Where the filing requirements apply, yes. A recently incorporated company may still have statutory accounts to prepare and deliver to Companies House even if it has only seen limited activity. This is separate from the confirmation statement, which is its own filing and also needs to be kept up to date where applicable. Filing first year accounts does not remove the confirmation statement requirement, and submitting a confirmation statement does not satisfy the accounts requirement.

Do first year accounts have to be filed if the company has not traded?

It is a common assumption that no trading means no reporting, but that is not automatically the case. A company may still need to prepare and file accounts for its first period depending on its circumstances and the applicable rules. Whether a company can be treated as dormant for filing purposes is a separate question, and it is not determined simply by having no sales. It is worth taking advice on your specific position rather than assuming no action is required.

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

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They draw on much of the same accounting information, but they serve different purposes and go to different places. Filing one does not complete the other. It is also worth noting that a company's first Corporation Tax accounting period and its statutory accounts period may not be identical, so both should be reviewed rather than assumed.

Can a new limited company in Fishguard qualify for micro-entity accounts?

Some newly incorporated companies do qualify, but qualification is not automatic and being newly formed or small does not by itself guarantee eligibility. It depends on whether the company meets the applicable thresholds and conditions for the relevant accounting period. Where a company qualifies, FRS 105 is the financial reporting standard used for micro-entity accounts. If it does not qualify, the small companies regime or fuller reporting standards may apply instead, so eligibility is something we check before preparation begins.

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 position is not identical in every case. Paying any penalty does not remove the obligation to file the outstanding accounts, so the priority is to get them prepared and submitted. Where a penalty appeal is considered, eligibility depends on the circumstances and the applicable rules. If your first year accounts are already overdue, it is best to deal with it promptly rather than delay further.