─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Knowle — Prepared Properly and Filed Where Required

A company’s first set of statutory accounts often raises more questions than any that follow: which period do they cover, what needs to go to Companies House, and how does Corporation Tax fit around them. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Knowle with First Year Accounts for Limited Company, starting with a review of the company’s incorporation details and the accounting records it holds. We prepare the statutory accounts, including the balance sheet and a profit and loss account where applicable, and handle the Companies House filing where required. A Corporation Tax Return such as a CT600 is a separate matter submitted to HMRC where applicable, and we can advise on how your accounting information feeds into it.

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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 a New Limited Company in Knowle?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. For a company incorporated in Knowle, that period generally begins on the date of incorporation and runs to the company’s first accounting reference date. Because of the way an initial period is set, it can be longer than the twelve months typical of later years, which is one reason first-year accounts are often prepared differently from the annual accounts that follow. The accounting reference date, and therefore the filing deadline, is specific to each company and should always be checked rather than assumed. Being newly incorporated does not remove the requirement to prepare accounts. A director may still need to deal with statutory accounts even where activity has been limited or trading has not yet started, although the exact reporting position depends on the company’s circumstances and the applicable rules. Whether a company is dormant for reporting purposes is a separate question and is not something to take for granted simply because there has been little or no income. Some companies may qualify to report under the micro-entity framework, which uses FRS 105, the financial reporting standard applicable to qualifying entities. Eligibility depends on the company meeting the relevant criteria for the accounting period in question, so not every new company qualifies, and a company with modest activity may still fall outside the framework. The appropriate reporting framework should be confirmed before the accounts are prepared. It is worth being clear about what first-year accounts are not. Statutory accounts are delivered to Companies House where required and are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and from the confirmation statement, which keeps the public register up to date. Filing first-year accounts does not complete the company’s other obligations, and Companies House neither prepares nor professionally approves the accounts that are filed.

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 Knowle Prepared and Filed with Confidence

If your company has recently been incorporated, the first statutory accounts can feel like an unknown quantity — what the accounting period actually covers, which records the accountant will need, and whether the framework you have read about genuinely applies to you. Micro Entity Accounts prepares First Year Accounts for Limited Company on behalf of eligible companies, working from the bank transactions, sales records, purchase invoices and other supporting information available, and filing with Companies House where required. Directors across Knowle come to us simply because they want the first year handled properly before the second one begins. Send us your company details and we will confirm what is needed and how the reporting framework applies to 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 limited company prepares for its initial accounting period, which generally starts on the date of incorporation and ends on the company's first accounting reference date. They are built from the company's accounting records and, where required, delivered to Companies House. They are not the same as a Corporation Tax Return, and they are not the same as a confirmation statement.

When are first accounts due?

There is no single answer that fits every company. The deadline depends on the company's accounting reference date and on the fact that the first set of accounts is the company's first. Because an initial accounting period can cover more than twelve months, the first filing date does not always work the way directors expect. If you tell us your incorporation date, we can look at the position for your company and explain what applies.

What information do you need to prepare first year accounts?

It varies with what the company has done since incorporation, but typically we would ask for bank statements and transactions, sales or income records, business expense receipts and purchase invoices, details of any assets bought, share capital information, director transactions, any loans or finance arrangements, and payroll or VAT records where those apply. If activity has been minimal, we simply work with what exists.

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

In many cases yes, but the position depends on the company's circumstances and the applicable rules. Having limited or no activity does not automatically remove statutory filing obligations. Whether a company can file accounts on a dormant basis is a separate question from whether it has started trading, and it should be assessed rather than assumed. There may also be Corporation Tax considerations to review at the same time.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable. The figures in the accounts often feed into the tax return, but the two are separate filings with separate purposes. Completing one does not complete the other.

Can a new company qualify for micro-entity accounts?

It can, if it meets the eligibility criteria that apply to the relevant accounting period. Qualifying is not automatic, and it does not follow simply from being newly incorporated or from having low turnover. Where a company does qualify, FRS 105 is the reporting standard used under the micro-entity framework. We check eligibility before deciding which framework the accounts should be prepared under.

Do first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that keeps the information on the Companies House register up to date, and it does not take the place of statutory accounts. A limited company may need to submit both, along with any other returns that apply to it. Directors remain responsible for making sure those obligations are met.

What happens if first year accounts are filed late?

Late filing can lead to consequences from Companies House, and those consequences can vary depending on how late the accounts are. Paying any penalty does not remove the requirement to file the outstanding accounts. Appeal eligibility depends on the circumstances and the applicable rules, so it is worth speaking to us before assuming an outcome either way.