─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have recently incorporated a company, its First Year Accounts for Limited Company in Garsington are the first set of statutory accounts it needs to produce for its initial accounting period. Micro Entity Accounts helps directors of newly incorporated and newly trading limited companies assemble the underlying accounting records, prepare the balance sheet and, where applicable, the profit and loss account, and deliver the accounts to Companies House where required. We also make clear how this sits alongside the separate Corporation Tax requirements dealt with by HMRC, including a CT600 where one is due, and the separate confirmation statement that keeps your Companies House record current. Whether your company has been trading from day one or has had only limited activity so far, we can review your position and explain what needs to be done.

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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 How Do They Apply to a New Limited Company in Garsington?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period normally starts on the date the company was incorporated, or from the accounting reference date set when the company was formed, and runs up to its first accounting reference date. Because the first period is frequently longer or shorter than twelve months, the figures are not directly comparable with a standard trading year, and the filing position can differ from that of later years. A newly incorporated company in Garsington does not escape its accounts obligations simply because it is new. Where statutory accounts are required, they must be prepared and delivered to Companies House, and the directors remain responsible for ensuring that happens even when an accountant prepares the figures on the company’s behalf. Statutory accounts typically include a balance sheet, plus a profit and loss account where the company is required or chooses to include one, along with the notes and statements required by the reporting framework that applies to that period. Some companies may be eligible to prepare micro-entity accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility depends on the company’s circumstances and the applicable conditions for the relevant accounting period, so it is not automatic for every new company and should be considered case by case. It is also worth being 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 where one is due, and separate from the confirmation statement, which keeps the company’s register information up to date at Companies House. Completing one of these obligations does not automatically complete the others.

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 Garsington Prepared Accurately

The first set of accounts is often the point where new directors realise how much depends on having orderly records and a clear understanding of the reporting framework. If you are unsure which figures belong in your first-year statutory accounts, how your accounting period has been set, or what still needs to be delivered to Companies House, Micro Entity Accounts can help. We assist directors of newly incorporated companies in Garsington with preparing first-year accounts, reviewing the accounting records behind them and supporting the filing process where required, while keeping the separate Corporation Tax and confirmation statement positions clearly in view. A short conversation about where your company stands can save a great deal of uncertainty later.

─── 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 limited company prepares, covering its initial accounting period. That period generally runs from incorporation, or the accounting reference date set at formation, up to the company's first accounting reference date. The accounts usually include a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework that applies to the company.

When are first year accounts due?

There is no single answer that applies to every company. The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. First accounting periods can be longer than twelve months, which affects the calculation, so the due date for one company may be quite different from another incorporated in the same month. It is worth confirming your own position rather than assuming a standard twelve-month cycle applies.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typically we look at bank transactions, sales and income records, purchase invoices and expense receipts, asset purchases, share capital details, any director transactions or loans, and payroll or VAT records where those apply. Companies with very little activity still need supporting records for whatever has taken place, including the initial share issue.

Do new limited companies have to file accounts with Companies House?

In most cases a newly incorporated limited company does have statutory accounts filing obligations, and these are not removed simply because the company is new or has traded only lightly. Where accounts are required, they are delivered to Companies House. Companies House does not prepare the accounts, and it does not approve them — filing is a delivery of information, not a form of professional or regulatory sign-off.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where one is due. The two serve different purposes and go to different destinations. Figures from the accounts are often used when working out the company's Corporation Tax position, but filing accounts does not submit a CT600, and filing a CT600 does not complete the Companies House accounts filing.

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

A company that has not yet started trading may still have filing obligations, so the assumption that nothing needs to be done is risky. Whether a company can be treated as dormant, and what that means for its reporting, depends on its specific circumstances and the applicable rules. Directors in Garsington who have incorporated a company but not yet begun trading should check their position rather than leave it until a deadline passes.

Can a new company qualify for micro-entity accounts?

It can, but not automatically. Micro-entity reporting under FRS 105 is available to companies that meet the eligibility requirements for the relevant accounting period, which depend on factors such as the company's size and the applicable thresholds. A company with low activity does not qualify purely because it is small, and a newly incorporated company is not automatically a micro-entity. The right framework should be confirmed before the accounts are prepared.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details are correct, and it is not replaced by preparing or filing first-year accounts. A limited company may still need to submit confirmation statements and keep its Companies House information up to date, alongside its accounts and any separate Corporation Tax obligations that apply.