─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Kirkcaldy – Prepared and Filed With Professional Support

The first set of statutory accounts is a milestone every newly incorporated company has to deal with, and it comes with its own rules, reporting choices and dates. Micro Entity Accounts supports directors in Kirkcaldy through that initial accounting period – reviewing the accounting records, preparing the balance sheet and, where the applicable framework requires it, a profit and loss account, and delivering the accounts to Companies House where required. We also help you see how those figures fit into your wider compliance position, including any Corporation Tax or CT600 submission to HMRC, which remains a separate requirement with its own timescales. Whether your company has been trading since incorporation or has seen limited activity so far, professional preparation and filing support keeps the first-year process accurate, documented and properly explained.

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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 Does Every New Limited Company Qualify?

First year accounts are the first set of statutory annual accounts a limited company prepares. They cover the company’s initial accounting period, which generally runs from the incorporation date to the company’s first accounting reference date, and they are delivered to Companies House where required. They are not optional, and a company is not excused from them simply because trading has been limited or has not yet commenced. Where a company has had little or no activity, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. The length of that first period is not universal. Because it is set by reference to the company’s incorporation date and accounting reference date, two companies incorporated a few weeks apart can face different period lengths and different filing dates. The applicable Companies House requirements decide how the first period is treated, so it is worth confirming the position for the specific company rather than assuming a standard pattern. Reporting framework is a separate question from the accounts themselves. A company may use the micro-entity framework, prepared under FRS 105, if it meets the eligibility conditions for the relevant accounting period. Some companies instead fall within the small companies regime. Neither route is automatic, and low activity or a recent incorporation date does not by itself confirm micro-entity status – eligibility is assessed against the company’s circumstances and the requirements in force for that period. It also helps to keep the different filings apart. Statutory accounts go to Companies House, a Corporation Tax Return such as a CT600 is submitted to HMRC where Corporation Tax obligations apply, and a confirmation statement is a further Companies House filing that keeps the register up to date. Filing one does not complete the others, even though the figures in the accounts often inform the tax return. For directors of newly incorporated companies in Kirkcaldy, understanding that separation early makes the first year far more straightforward.

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 Kirkcaldy Prepared Properly

If your company has recently been incorporated, the first accounting period can raise questions that are hard to answer from the paperwork alone – which period the accounts should cover, what records need to be gathered, which reporting framework applies and what actually has to go to Companies House. Micro Entity Accounts can take that forward, preparing your first-year statutory accounts from the records you hold, explaining the basis on which they have been drawn up and handling the Companies House filing where required. We will also flag where Corporation Tax, a confirmation statement or other filings sit separately, so nothing is left assumed. Speak to us about your company’s first accounting period and get a clear, fixed-fee route through it without hidden costs.

─── 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 prepared for a company's initial accounting period, which normally runs from the incorporation date to the company's first accounting reference date. Depending on the reporting framework that applies, they typically include a balance sheet, a profit and loss account where required, and the supporting notes and disclosures. They are not the same thing as a Corporation Tax Return or a confirmation statement.

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

In most cases a limited company is expected to prepare statutory accounts for its first accounting period and deliver them to Companies House where required, even where trading has been limited or has not yet started. Companies House does not prepare the accounts and does not assess whether an accountant was involved – its role is to receive and register the filing. Any Corporation Tax Return is dealt with separately through HMRC.

What information is needed to prepare first-year accounts?

It varies with the company's circumstances. Usually it includes bank statements and transaction records, details of any sales or income, purchase invoices and expense receipts, information on asset purchases, director's loan movements, share capital details and any loans or finance agreements. Payroll records or VAT records may also be relevant where the company is registered for those. A largely inactive company may need less documentation, but the position should still be reviewed before the accounts are finalised.

When are first-year accounts due?

The due date depends on the company's incorporation date, its first accounting reference date and the applicable Companies House requirements, so it is not identical for every company. A first accounting period can also differ in length from later periods. Because the dates are specific to each company, it is worth confirming the position for your own company rather than relying on general assumptions.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. They serve different purposes, go to different bodies and have their own deadlines. The first Corporation Tax accounting period may not match the statutory accounts period exactly, and completing one filing does not complete the other.

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

Some newly incorporated companies may qualify for the micro-entity framework under FRS 105, which allows simplified accounts, provided they meet the eligibility conditions for the accounting period in question. Qualification is not automatic, and a company that does not qualify may still fall within the small companies regime. The appropriate framework should be confirmed against the company's circumstances before the accounts are prepared.

Does a confirmation statement replace first-year accounts?

No – they are separate filings with separate purposes. A confirmation statement confirms that the company's details held at Companies House remain accurate, while first-year statutory accounts report the company's financial position and performance for the period. Filing one does not discharge the requirement for the other, and a company may need to deal with both.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and those consequences depend on how late the filing is and the company's filing history. Settling any penalty does not remove the requirement to file the outstanding accounts. Where a director believes there was a valid reason for the delay, appeal eligibility depends on the circumstances and the applicable rules, and professional advice can help clarify the available options.