─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Kidwelly — Prepared and Filed With Professional Support

A company’s first set of statutory accounts sets the pattern for every filing that follows. If you have recently incorporated a limited company in Kidwelly, Micro Entity Accounts can prepare your First Year Accounts for Limited Company using the accounting records you hold, review the figures with you in plain terms, and file the accounts with Companies House where required. We begin with the practical details — your incorporation date, your accounting reference date and the records available — then work through the balance sheet, the profit and loss account where applicable, and the disclosures the applicable reporting framework calls for. Where Corporation Tax is also in point, we will make clear that this is a separate HMRC matter, usually reported through a CT600, and that it is not dealt with by filing accounts at Companies House.

🔥 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 — and When Does a New Limited Company in Kidwelly Need Them?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated it has an accounting reference date, and its first accounting period normally runs from the date of incorporation to that first accounting reference date. Depending on when in the year the company was incorporated, that first period may be shorter or longer than the twelve months used in later years, and Companies House applies its own rules to how the first period and the associated filing requirement are treated. Two companies incorporated at different points will not necessarily share the same first period or the same filing date, which is why the company’s own dates matter more than any general rule of thumb. The accounts themselves show the company’s financial position and results for that period. A typical first set includes a balance sheet, a profit and loss account where applicable, and the notes and disclosures required by the reporting framework that applies, alongside the directors’ responsibilities and the information identifying the company and the period covered. The figures come from the company’s accounting records, which is why bank transactions, sales and income records, purchase invoices, expense receipts, details of asset purchases, share capital information, director transactions and any payroll or VAT records are so useful when the accounts are being put together. Where records are thin, that is usually a conversation to have early rather than late. Some newly incorporated companies may qualify for the micro-entity reporting framework, which is a simplified basis set out in FRS 105 for entities that meet the applicable eligibility requirements for the relevant accounting period. Others may fall within the small company regime, and others will need a fuller reporting framework. Qualification is not automatic, and a company with limited activity does not automatically qualify. The appropriate basis depends on eligibility and the company’s circumstances, not on how recently it was incorporated. It also helps to be precise about what first year accounts are not. They are not a Corporation Tax Return. Statutory accounts are delivered to Companies House where required, while a CT600 is submitted to HMRC by companies that have Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts. First year accounts are not a confirmation statement either, which is a separate filing that keeps the company’s register information current, and they are not a VAT Return. Completing one 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 Kidwelly Prepared Accurately

Directors approaching their first accounts filing tend to have the same questions: which figures belong in the accounts, which reporting framework the company should use, and what actually has to be sent to Companies House. If your accounting records are patchy, or you are unsure whether the micro-entity framework is available to your company, it is far easier to resolve that before the accounts are prepared than to revisit them afterwards. Micro Entity Accounts provides clear, fixed-fee support with first-year statutory accounts — working from the records you have, explaining the numbers without jargon, and handling the filing with Companies House where required, while keeping the separate Corporation Tax position distinct. If you would like your company’s first accounts prepared properly and its wider obligations explained clearly, get in touch to talk through your circumstances.

─── 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 company prepares for its initial accounting period. That period usually starts on the incorporation date and ends on the company's first accounting reference date, so it can be shorter or longer than the twelve months used in later years. The accounts normally include a balance sheet, a profit and loss account where applicable, and the notes and disclosures required by the reporting framework the company falls under. They are prepared from the company's accounting records and are filed with Companies House where required.

When are first year accounts due?

There is no single answer that applies to every company. The due date follows from the company's incorporation date and its accounting reference date, together with the specific Companies House rules that apply to a first set of accounts. Because those dates differ from company to company, the safest approach is to check the company's own records rather than rely on a general figure. If you are unsure where your limited company stands, we can review the incorporation details and confirm the position.

What information is needed to prepare first year accounts?

It depends on what the company has done during the period, but the usual starting points are bank statements and transaction records, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director transactions or loans, and any payroll or VAT records where those apply. If the company has traded little or not at all, far less may be needed. We will tell you at the outset what is likely to be required for your particular circumstances in Kidwelly.

Does a newly incorporated limited company have to file accounts with Companies House?

In general, a company on the register is expected to prepare and file statutory accounts for its accounting periods, and that expectation is not removed simply because the company is new or has had limited activity. A company with no significant accounting transactions may have a different reporting position under the applicable rules, but that is a question of its specific circumstances rather than an automatic exemption. It is worth confirming your position rather than assuming the obligation does not apply.

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

No, they 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 by companies with Corporation Tax obligations, and the first Corporation Tax accounting period may not match the period covered by the statutory accounts. A confirmation statement is a further separate filing that keeps Companies House register information up to date. Filing one does not fulfil the others.

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

Possibly, but not automatically. The micro-entity framework, with FRS 105 as the applicable financial reporting standard for qualifying entities, is available to companies that meet the eligibility requirements for the relevant accounting period. Age is not the test, and a company with low turnover does not necessarily qualify. The right framework depends on eligibility and the company's circumstances, and we will confirm which basis applies before the accounts are prepared.

Do first year accounts still need to be prepared if the company has not started trading?

Often yes, although the position depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions may be able to file accounts on a dormant basis if it meets the relevant criteria, but that is not the same as having nothing to do. Directors in Kidwelly who have incorporated a company and not yet begun trading should still check what is due and when, rather than waiting until a filing date has passed.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, which may include a penalty that varies according to how late the accounts are. Paying a penalty does not remove the requirement to file the outstanding accounts. Whether an appeal against a penalty is possible depends on the circumstances and the applicable rules. If accounts have been missed, the priority is usually to get the position resolved and the filing brought up to date.