─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Kingsbury — Prepared Accurately and Filed Correctly

Incorporating a limited company in Kingsbury means taking on a set of statutory reporting responsibilities, and your first set of accounts is usually the point where those responsibilities become real. First Year Accounts for Limited Company support from Micro Entity Accounts covers the practical work: reviewing your accounting records, preparing statutory accounts that include a balance sheet and, where applicable, a profit and loss account, and filing those accounts with Companies House where required. We also help you understand how your first accounting period has been set, how your accounting reference date affects what you are reporting, and which reporting framework is likely to be appropriate for your company. It is worth being clear from the outset that a Corporation Tax Return such as a CT600 is a separate submission made to HMRC, and that your Companies House accounts filing and your HMRC tax position are not the same thing — we can help you keep track of both.

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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 New Companies in Kingsbury?

First-year accounts, sometimes called the first statutory accounts, are the initial set of annual accounts a limited company prepares for its first accounting period. That period normally begins on the date of incorporation and ends on the company’s first accounting reference date. In many cases a company’s first accounting period is longer than twelve months because of the way the first accounting reference date is set, but this is not universal — the length of the period depends on the company’s own incorporation date and accounting reference date, and it should be confirmed rather than assumed. These accounts are not optional. A limited company is generally required to prepare accounts and, where required, deliver them to Companies House, even if trade has been limited, income has been low, or the company has not yet started trading. Where a company has had few or no significant accounting transactions, its correct reporting position still depends on its specific circumstances and the applicable rules — that does not automatically make it dormant, and it does not remove the need to consider what has to be filed. Some companies are eligible to report under the micro-entity framework, and where that applies the accounts are prepared in line with FRS 105, the financial reporting standard for qualifying micro-entities. Eligibility depends on meeting the applicable criteria for the relevant accounting period, so it is assessed company by company rather than assumed for every new incorporation. A company that does not meet the micro-entity thresholds may instead fall within the small company framework, or may need to prepare accounts on a fuller basis. It also helps to separate the different obligations. First-year statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, goes to HMRC where applicable, and the company’s first Corporation Tax accounting period does not always line up exactly with its statutory accounts period. A confirmation statement is another separate filing, used to confirm that the company’s details held at Companies House remain accurate, and it is not replaced by filing accounts. VAT returns, payroll reporting and bookkeeping records are separate again, and only apply where the company’s circumstances bring them into play.

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 Kingsbury Prepared With Professional Support

If your company has recently been incorporated and you are unsure what your first accounts actually need to contain, when they fall due, or which reporting framework fits your circumstances, you are in the same position as many directors in Kingsbury. Micro Entity Accounts can review your records, prepare your first statutory accounts and support the filing with Companies House where required, while explaining clearly how your accounting period, accounting reference date and any separate HMRC obligations fit together. Send over your details and we will tell you what is needed from your side, what we can handle, and what the next step looks like for your company.

─── 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 starts on the date of incorporation and ends on the company's first accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account, together with the supporting notes required by the reporting framework being used. They are prepared for the company's members and, where required, delivered to Companies House.

When are first year accounts due?

There is no single answer that applies to every company, because the deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. A first accounting period is often longer than twelve months, which affects what is reported and when the accounts are due. We confirm the position for your individual company rather than working from a generic assumption.

What information do I need to prepare first year accounts?

It depends on what the company has done since incorporation. Typically you would provide bank statements and transactions, sales or income records, business expense receipts and purchase invoices, details of any assets purchased, share capital information, director transactions and any loans or finance arrangements. Payroll records are relevant where the company has run a payroll, and VAT records are relevant where it is VAT registered. If your company has had little activity, we will still need to understand what has taken place so the correct reporting position can be established.

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

In most cases, yes — a limited company is generally required to prepare accounts and deliver them to Companies House where required, even if trading has been limited or has not yet begun. Whether a company is dormant for filing purposes depends on its specific circumstances and the applicable rules, so it is not something to assume. Directors in Kingsbury should check their position rather than skip the filing on the basis that nothing much has happened.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and filed with Companies House where required. A Corporation Tax Return, commonly the CT600, is submitted to HMRC where applicable. The figures in your accounts often feed into the tax return, but they are separate documents with separate purposes and separate destinations. Filing one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new limited company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, and where that applies the accounts are prepared under FRS 105, the financial reporting standard for qualifying micro-entities. Qualification depends on meeting the eligibility requirements for the relevant accounting period, so it is assessed for each company. A new company with modest activity does not automatically qualify, and a company that falls outside the thresholds may use the small company framework or prepare accounts on a fuller basis instead.

Does filing first year accounts cover my confirmation statement as well?

No, they are separate filings. A confirmation statement is used to confirm that the information Companies House holds about the company — such as directors, shareholders, registered office and share details — remains correct. Filing statutory accounts does not replace it, and submitting a confirmation statement does not satisfy the accounts filing requirement. Both may need attention in a company's first year, and keeping your Companies House record up to date matters.

What happens if my first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome depends on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is to get accurate accounts prepared and filed, and we can help Kingsbury directors work through what is needed. Where an appeal against a penalty is considered, eligibility depends on the specific circumstances and the applicable rules.