─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Gainsborough, Prepared and Filed With Confidence

Your company’s first set of statutory accounts sets the tone for everything that follows, so it is worth getting them right from the outset. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Gainsborough to prepare their first year accounts, starting with a proper review of the accounting records behind them — bank transactions, sales and expense records, asset purchases and director transactions where relevant. We then prepare the statutory accounts and, where required, deliver them to Companies House. Alongside this, many directors also have a separate Corporation Tax position to consider, including a CT600 return submitted to HMRC rather than Companies House, and we can explain how the two fit together without treating them as the same filing. Whether your company has been trading throughout the period or has had limited activity so far, the aim is straightforward: accurate accounts, a clear explanation of what is being filed and where, and no surprises along the way.

🔥 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 annual statutory accounts a limited company prepares, covering the period from incorporation (or from the start of trading in some cases) through to its first accounting reference date. Every limited company has a statutory duty to prepare accounts, and for a newly incorporated company in Gainsborough this first set is often the point at which directors become properly acquainted with Companies House filing requirements. The length of the first accounting period is not identical for every company — it depends on the incorporation date, the accounting reference date and the applicable Companies House rules, which is why it is worth confirming your own dates rather than assuming they match someone else’s. Once the period is understood, the accounts themselves are prepared from the company’s accounting records and typically include a balance sheet, and a profit and loss account where applicable. The word “micro” in this context refers to a reporting framework rather than a description of the business. A company may qualify as a micro-entity if it meets the eligibility conditions for the relevant accounting period, in which case the micro-entity framework — supported by FRS 105, the financial reporting standard for qualifying micro-entities — may allow for simplified accounts. Not every new company qualifies, and low turnover on its own does not settle the question. A small company may instead fall within the small-company regime, and some companies fall outside both. The right framework depends on the company’s circumstances, so eligibility should be assessed rather than assumed. It is also important to separate the filings involved. First year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period does not necessarily line up exactly with its statutory accounts period. A confirmation statement is a further, separate filing that keeps the company’s public information up to date, and filing accounts does not replace it. Preparing and filing first year accounts does not, on its own, discharge the company’s Corporation Tax, confirmation statement or VAT obligations — each has its own purpose and its own destination.

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 Gainsborough Prepared Properly

The first accounts deadline for a new company can arrive sooner than directors expect, and working out which reporting framework applies — micro-entity, small company or something else — is not always obvious from the outside. If you are unsure what your accounting period covers, what records you need to gather, or simply want reassurance that your statutory accounts are being prepared and filed correctly, Micro Entity Accounts can help. We assist limited companies in Gainsborough with preparing first year accounts from accurate accounting records and with filing them at Companies House where required, and we can explain how your separate Corporation Tax and confirmation statement obligations fit around that. Directors remain responsible for the company’s compliance, but there is no reason to work through the first year alone — get in touch and we will talk you through the process in plain terms, with clear pricing and 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 company's first set of annual statutory accounts, covering the initial accounting period from incorporation through to the first accounting reference date. They are prepared from the company's accounting records and generally include a balance sheet, with a profit and loss account where applicable. They are then delivered to Companies House where required.

When are first year accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it varies from company to company. Rather than relying on a general rule of thumb, it is worth checking your company's own dates — we can help you identify the period your first accounts need to cover.

What information do I need to prepare first accounts?

Typically you will need bank statements and transaction records, sales and income records, business expense and purchase invoices, details of any assets bought, share capital information, director transactions or loans, and payroll or VAT records where those apply. Companies that have had little activity will usually have less to gather, but the records that do exist still need to be accurate.

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

Yes, a limited company is generally required to prepare and file statutory accounts, even where it has had limited activity or has not yet started trading. If a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules — that is not automatically the same as being dormant, so the position should be confirmed rather than assumed.

Are first year accounts different from annual accounts?

They follow the same underlying principles, but the first set often covers a different length of period because it begins at incorporation rather than on a standard annual cycle. Once the first accounts are filed, the company moves onto a more regular annual pattern.

Are first year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts may feed into the Corporation Tax position, but they are separate filings with separate purposes and separate submission routes. Filing one does not complete the other.

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

Some newly incorporated companies do qualify for the micro-entity framework if they meet the eligibility conditions for the relevant accounting period. Many do not, and low turnover alone does not determine eligibility. FRS 105 applies to qualifying entities using the micro-entity framework, and the appropriate framework should be confirmed based on the company's own circumstances.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to get them completed and submitted. Where a late filing has already occurred, appeal eligibility depends on the circumstances and the applicable rules.