─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Fleet

The first set of statutory accounts is a milestone for any newly incorporated company, and it often arrives sooner than directors expect. Micro Entity Accounts helps limited companies in Fleet prepare that first set of accounts properly — reviewing the accounting records, drafting the balance sheet and any profit and loss account where applicable, and delivering the accounts to Companies House where required. We also explain how the first accounting period works, how the accounting reference date affects the filing position, and why the company’s Corporation Tax Return, such as a CT600, is a separate submission made to HMRC rather than part of the Companies House filing. Directors stay responsible for the company’s obligations; we provide the practical accounting support to help meet them.

🔥 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?

First year accounts are the first set of statutory accounts a newly incorporated 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 statutory accounts obligations, and the first accounts normally cover the period from the date of incorporation to the company’s first accounting reference date — which is why the first accounting period is often longer than the twelve months used in later years. The accounts themselves are built from the company’s accounting records: bank and payment transactions, sales and income records, business expenses, purchase invoices, asset purchases, share capital information, director transactions and any loans or finance the company holds. Payroll and VAT records may also be relevant where the company has those arrangements in place. From that information, we prepare a balance sheet and, where applicable, a profit and loss account, along with the supporting notes and disclosures the chosen reporting framework requires. Some companies may qualify to report under the micro-entity framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. That is not automatic. Eligibility depends on the company’s circumstances and the applicable thresholds for the relevant accounting period, and a company that does not qualify may instead fall within the small-company framework or prepare accounts under a fuller standard. We check the position before any accounts are drafted. It also helps to be clear about what first year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC rather than Companies House. They are separate from a confirmation statement, which is a Companies House filing confirming that the company’s registered details remain correct. Filing first year accounts does not complete a company’s Corporation Tax, confirmation statement, VAT or other obligations. Where accounts are required at Companies House, they are delivered there; the accounts figures may then be used as a starting point when preparing the company’s Corporation Tax position, but the two filings serve different purposes and go to different organisations.

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 Prepared and Filed With Confidence

If your company was incorporated recently, the paperwork around the first accounting period can feel unclear — which reporting framework applies, what records need to be in order, and what actually has to go to Companies House. Micro Entity Accounts works with newly incorporated companies and their directors on first-year accounts preparation, reviewing the accounting records, confirming the accounting period and accounting reference date, and supporting the Companies House filing where one is required. If you would rather have the first set of statutory accounts handled properly from the outset, professional support is a sensible place to start.

─── 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 for its initial accounting period, starting from the date of incorporation. They normally include a balance sheet, notes, and a profit and loss account where applicable, and they are delivered to Companies House where required. The reporting framework used depends on whether the company qualifies as a micro-entity or small company, or needs to report under a fuller standard.

When are first accounts due to be filed?

The deadline is set by Companies House and depends on the company's incorporation date and its accounting reference date. Because the first accounting period is often longer than twelve months, the first filing deadline is not calculated in the same way as later years. We confirm the applicable date for your company rather than relying on a general rule of thumb, and we work to that date when preparing the accounts.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period: bank and payment transactions, sales and income records, purchase invoices, business expenses, details of any assets bought, share capital information, director transactions, and any loans or finance. Payroll records may be relevant if the company runs a payroll, and VAT records where the company is VAT registered. Not every company will have all of these, so we start by reviewing what exists.

Does a new limited company have to file accounts with Companies House even if it has not traded?

A company generally still has statutory accounts obligations even where it has had limited or no activity, and the position should be assessed on the company's own circumstances rather than assumed. A company with no significant accounting transactions may not automatically be treated as dormant, and dormant status has its own conditions. Directors in Fleet often assume nothing needs to be done in the first year, so it is worth confirming the position early.

Are first year accounts the same as a CT600?

No. Statutory first year accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures from the accounts often feed into the tax computation, but 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 are not always identical.

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

Some companies may qualify to report under the micro-entity framework if they meet the applicable eligibility requirements for the accounting period in question, with FRS 105 being the standard that applies to qualifying entities. It is not automatic for new companies, and low activity alone does not determine eligibility. We review the company's circumstances and confirm the appropriate framework before preparing anything.

Do first-year accounts replace the confirmation statement?

No. They are separate filings with different purposes. A confirmation statement confirms that the company's information held at Companies House is up to date, while first year accounts report the company's financial position for the period. Filing accounts does not satisfy the confirmation statement requirement, and the two usually fall due at different points.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on the company's circumstances and the length of any delay. Paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to get them prepared and delivered, and where an appeal is considered appropriate, eligibility depends on the rules and the facts of the case.