─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Glossop — Clear, Professional Support

Your company’s first set of statutory accounts sets the tone for everything that follows. First Year Accounts for Limited Company in Glossop involves preparing the balance sheet and, where applicable, the profit and loss account for the initial accounting period, reviewing the accounting records behind the figures, and delivering the accounts to Companies House where required. We work with newly incorporated and newly trading companies through that process, checking that the reporting framework suits the company’s circumstances and that the directors understand what they are approving. Corporation Tax is a separate matter — a CT600 is submitted to HMRC, not to Companies House — and we will explain how the two fit together without treating them as the same filing.

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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 When Do They Apply?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, which is generally set at the end of the month in which the first anniversary of incorporation falls. The exact period, and the deadline for delivering the accounts, depend on the incorporation date and the applicable Companies House requirements, so it is worth confirming the position for the specific company rather than assuming it matches another new business. For directors of newly incorporated companies in Glossop, the first accounts are usually the first formal financial statement the business produces. They typically include a balance sheet, notes to the accounts and, where applicable, a profit and loss account. Directors remain responsible for the accounts and for maintaining adequate accounting records, even when an accountant prepares and files them. Some companies may qualify for the micro-entity framework and FRS 105, the financial reporting standard applicable to qualifying micro-entities. Eligibility depends on the conditions set for the relevant accounting period — including turnover, balance sheet total and employee numbers — so it is not automatic for every new company, every startup, or every business with modest activity. Where a company does not qualify, the small-company regime or a fuller reporting framework may apply instead. 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 where applicable, and separate from the confirmation statement, which keeps Companies House information up to date. Filing first-year statutory accounts does not, on its own, complete those other obligations.

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.

First Year Accounts for Limited Company in Glossop, Prepared Properly From the Start

If you are unsure what your company’s first accounting period covers, which records actually matter, or how the Companies House filing sits alongside Corporation Tax, that uncertainty is common in the first year. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company preparation and filing, working from your accounting records to produce accurate statutory accounts and deliver them where required. We will explain the reporting framework that applies to your company and what the directors remain responsible for, with clear, transparent fees and no hidden costs. Getting the first set of accounts right makes everything that follows easier to manage.

─── 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 after incorporation, covering the initial accounting period — which is not necessarily a full twelve months. They typically include a balance sheet, notes to the accounts and, where applicable, a profit and loss account, and are delivered to Companies House where required. First-year accounts are not optional simply because the company is new. Directors remain responsible for the accounts and for keeping proper accounting records, even when an accountant handles the preparation and filing.

When are my first accounts due?

It depends on the company's incorporation date and its first accounting reference date. The first accounting reference date usually falls at the end of the month containing the first anniversary of incorporation, and Companies House derives the filing deadline from that date — so two companies incorporated only days apart may not share the same deadline. For directors of new companies in Glossop, it is worth confirming the position early, particularly where the first period runs longer than twelve months.

What information is needed to prepare first year accounts?

Usually bank statements and transaction listings covering the whole period, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director's loan movements, and any loans or finance agreements. Where the company runs payroll or is VAT registered, those records help too. You do not need everything perfectly filed before getting in touch — we can tell you what is relevant to your circumstances and where records may need tidying up first.

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

Generally yes. For a newly incorporated company in Glossop, the obligation to prepare and file annual accounts starts from incorporation, and a quiet first year does not automatically remove it. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being assumed dormant. It is worth checking before deciding that nothing needs to be filed.

Are first year accounts the same as a CT600 or a confirmation statement?

No — these are three separate obligations. 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 may not match its statutory accounts period. The confirmation statement is a separate Companies House filing that keeps registered details up to date. Completing one of these does not automatically complete the others.

Can a new limited company use micro-entity accounts and FRS 105?

Some can, but it is not automatic for every new company, startup or business with low turnover. Micro-entity eligibility depends on the conditions set for the relevant accounting period, including turnover, balance sheet total and employee numbers, and the company must meet them to use that framework. FRS 105 is the financial reporting standard for qualifying micro-entities. Where a company does not qualify, the small-company regime or a fuller framework may apply instead.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and those consequences vary depending on how late the filing is and the company's history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to complete them. Where there was a genuine reason for the delay, appeal eligibility depends on the circumstances and the applicable rules. We can help prepare overdue first-year accounts and get things back on track.

Do we still need first year accounts if the company has not started trading?

Often yes. A company may still have statutory filing obligations even where activity has been limited or trading has not yet begun. Whether the company can be treated as dormant depends on its specific circumstances and the applicable rules, rather than simply on the absence of sales or profit. It is worth taking advice before assuming no filing is required, because missed accounts can create avoidable problems later.