─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Isleworth, Prepared and Filed with Professional Support

If you have incorporated a limited company and are approaching the end of your first accounting period, the initial set of statutory accounts you prepare will shape how smoothly the rest of your compliance runs. These first year accounts — sometimes called first statutory accounts or new limited company accounts — summarise your company’s financial position at the accounting reference date and its performance over that first period, and they generally need to be delivered to Companies House where required. Micro Entity Accounts works with directors of newly incorporated and newly trading companies, including those based in Isleworth, to review the accounting records that have been kept, prepare a balance sheet and, where applicable, a profit and loss account, apply a reporting framework that suits the company’s circumstances, and file the completed accounts with Companies House. Corporation Tax sits separately from this process: where a company has Corporation Tax obligations, these are dealt with through a return such as a CT600 submitted to HMRC, and we can help you see how the two fit together without treating them as one and the same filing.

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First Year Accounts Preparation

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£499.00

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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.
  
 
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   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.
  
 
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   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
  
 
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   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 Why Do They Matter?

First year accounts are the first annual statutory accounts a limited company prepares for its initial accounting period. In most cases that period runs from the date of incorporation to the company’s first accounting reference date, which Companies House sets when the company is formed — although the exact first period depends on the incorporation date and on whether the company has changed its accounting reference date. Because the first period is often longer than a normal 12-month period, the way the first filing date is calculated can differ from later years, so it is worth checking your company’s own Companies House record rather than assuming the pattern that applies to established companies. These accounts are not optional. Once a company is incorporated it has statutory accounts obligations, even where trading has been limited, delayed or has not yet begun. The accounts are prepared from the company’s accounting records — bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, share capital details, director transactions and any loans or finance arrangements — and they are generally filed with Companies House where required. Directors remain responsible for making sure the company meets its filing obligations, even when an accountant prepares and submits the information on the company’s behalf. It is also important to be clear that filing first year accounts with Companies House is not the same as submitting a Corporation Tax Return to HMRC; the accounts deal with the company’s Companies House reporting, while Corporation Tax is a separate matter, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. Some newly incorporated companies may be eligible for the micro-entity reporting framework, which uses the financial reporting standard FRS 105 where it applies to qualifying entities. Eligibility is not automatic. Whether a company can use the micro-entity framework, or the small company framework, depends on whether it meets the applicable eligibility requirements for the relevant accounting period, and the right framework should be decided on the company’s own facts. A confirmation statement is also a separate filing to Companies House, so filing accounts does not replace it, and the company may still need to keep its registered details up to date.

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 Isleworth Prepared Correctly from the Start

The first accounting period is often the one directors feel least certain about: which figures belong in the accounts, what the accounting reference date actually means, which reporting framework applies, and what still needs to be sent to Companies House afterwards. Micro Entity Accounts can take that uncertainty off your desk by preparing your first year accounts from the records you hold, reviewing those records with you where something is missing, and handling the Companies House filing where it is required — while keeping separate matters such as Corporation Tax and confirmation statements clearly in view. If you are unsure whether your company qualifies for micro-entity reporting or how your first period should be presented, speaking to someone who works with newly incorporated limited companies every day is a sensible first step.

─── 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 your company prepares for its initial accounting period, usually covering the time from incorporation up to the company's first accounting reference date. They set out the company's financial position at that date and, where applicable, its performance over the period, using information taken from the company's accounting records. They are a statutory requirement rather than something a company can choose to skip because it has only recently been formed.

When are first accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not identical for every company. The first-year deadline is generally worked out on a different basis from later years, and Companies House displays the due date on the company's public record. Rather than relying on an assumed date, it is worth checking that record or asking us to confirm the position for your Isleworth company.

What information is needed to prepare first-year accounts?

Typically we need the company's bank statements and transaction records, sales invoices or other income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director's loan account movements, and any loans or finance agreements. If the company runs a payroll or is VAT registered, the related records may also be relevant. Not every company will have all of these, and we work with what actually applies to your circumstances.

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

A company generally still has statutory accounts obligations for its accounting period, even where activity has been minimal or trading has not yet started. Whether a company can be treated as dormant for filing purposes depends on its particular circumstances and the applicable rules — having no significant accounting transactions does not automatically make a company dormant, and dormant status carries its own conditions. It is worth getting the position clarified rather than assuming nothing needs to be filed.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's reporting obligations and are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where a company has Corporation Tax obligations. The figures in the accounts often help inform the tax return, but the two filings have different purposes and different destinations, and completing one does not complete the other.

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

It can, but not automatically. Eligibility for the micro-entity framework depends on whether the company meets the applicable criteria for the relevant accounting period, and a company with low activity does not qualify simply because it is small or new. Where the micro-entity framework applies, the accounts are prepared under FRS 105, the standard used by qualifying entities. We look at your company's circumstances before recommending a framework.

Do first-year accounts replace the confirmation statement?

They do not. A confirmation statement is a separate filing that confirms the company's registered details are correct, and it is submitted independently of the annual accounts. Filing your first year accounts with Companies House does not satisfy the confirmation statement requirement, and the company may still need to keep its information at Companies House up to date.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome can vary according to how late the filing is and the company's history. Late filing penalties, where they apply, do not remove the requirement to file the outstanding accounts. If accounts have already been filed late and you are considering an appeal, eligibility depends on the circumstances and the applicable rules, so it is worth taking advice before making assumptions either way.