─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Godalming: Professional Preparation and Filing Support

If you have recently incorporated a company in Godalming, or your first trading period is underway, Micro Entity Accounts can help you prepare First Year Accounts for Limited Company purposes. We review the accounting records you hold, prepare the statutory accounts, including a balance sheet and profit and loss account where applicable, and support filing with Companies House where required. If Corporation Tax applies, a CT600 is a separate submission to HMRC, and we can help you understand how the two compliance areas fit together without treating them as the same task.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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? A Guide for Limited Companies in Godalming

For company directors in Godalming, First Year Accounts for Limited Company purposes are the first set of statutory accounts a newly incorporated company prepares for its initial accounting period. In broad terms, the first accounting period usually begins on the date of incorporation and runs to the company’s first accounting reference date, although Companies House requirements and the company’s specific filing obligations depend on its incorporation date and accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account, together with notes and disclosures required by the relevant reporting framework. Companies House filing is separate from HMRC Corporation Tax filing, and it is also separate from the confirmation statement. A confirmation statement updates Companies House with certain company information, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Some newly incorporated companies may qualify for the micro-entity framework, which often uses FRS 105, but eligibility depends on the company’s circumstances and the applicable rules for the accounting period. Not every new limited company is a micro-entity, and not every company has the same reporting requirements. Directors remain responsible for ensuring accurate accounting records are kept and that statutory filings are made when required.

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 Godalming Prepared with Professional Support

If you are unsure what your new company needs to file, how the first accounting period works, or which records should be kept, professional support can make the process clearer. Micro Entity Accounts assists directors of newly incorporated and newly trading limited companies in Godalming with preparing First Year Accounts for Limited Company purposes, reviewing accounting records and supporting Companies House filing where required. We can also help you identify when a separate Corporation Tax Return or CT600 may be needed for HMRC. To help reduce the risk of missed filings and unnecessary uncertainty, speak to us about your first-year accounts and start with a clear, organised set of records.

─── 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 accounts a limited company prepares for its initial accounting period. They normally cover the period from incorporation to the first accounting reference date, although the exact period is set by Companies House rules and the company's individual dates. The accounts generally include a balance sheet and, where applicable, a profit and loss account and notes. They are not the same as a Corporation Tax Return or a confirmation statement.

When are first-year accounts due?

The due date depends on the company's incorporation date, accounting reference date and applicable Companies House filing requirements. Newly incorporated companies do not all share the same deadline. If you are unsure when the first accounts are due, it is worth checking the company's Companies House record and seeking professional advice before the filing window closes.

What information is needed to prepare first-year accounts for a new company?

Usually, we need records such as bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital information, loans or finance agreements, and payroll or VAT records where they apply. A company that has had limited activity may still need to provide the records it does have. The exact information depends on the company's circumstances.

Do new limited companies have to file first-year accounts with Companies House, even if they have not traded?

In many cases, a newly incorporated limited company will have statutory accounts filing obligations, even if it has not started trading or has had limited activity. The requirement and the filing route depend on the company's circumstances and applicable rules. Filing with Companies House is separate from any Corporation Tax Return that may need to be submitted to HMRC.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for Companies House filing where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable. The two are separate compliance tasks, although information from the accounts may be used when preparing the company's Corporation Tax position. Filing accounts with Companies House does not automatically submit a CT600 to HMRC.

Can a new company qualify for micro-entity accounts?

Some newly incorporated limited companies in Godalming may qualify for the micro-entity framework if they meet the eligibility requirements for the relevant accounting period. Qualification is not automatic, and not every company with low turnover or limited activity will qualify. Where the micro-entity framework applies, FRS 105 may be the relevant reporting standard for qualifying entities. The appropriate framework should be confirmed from the company's circumstances.

Do first-year accounts replace a confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms certain company information is up to date. Filing first-year accounts does not replace the confirmation statement, and submitting a confirmation statement does not replace the statutory accounts. A company may need to keep both requirements in mind.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences. The outcome depends on the circumstances and applicable rules, and late filing penalties are not all the same. Paying a penalty does not remove the need to file outstanding accounts. If accounts are overdue, professional support can help you understand the position and prepare the outstanding filing.