─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Laleham: Professional Preparation and Filing Support

Your company’s first set of statutory accounts is the starting point of its reporting history, and getting it right matters. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Laleham with the preparation of first-year accounts — building the balance sheet and, where applicable, the profit and loss account from the company’s accounting records, reviewing share capital and director transactions, and filing the accounts with Companies House where required. We also help directors see how those accounts sit alongside separate obligations: a Corporation Tax Return such as the CT600 goes to HMRC, a confirmation statement is filed with Companies House in its own right, and VAT or payroll filings apply only where the company has registered for VAT or has employees. If your first accounting period is approaching or has already closed, professional support now keeps the figures accurate and the filing position clear.

🔥 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

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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 When Does That Framework Apply to a New Limited Company in Laleham?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not replaced by the company’s tax position — they are the formal reporting document a company produces for its first period of existence, whether it has traded actively, traded only lightly, or has not yet started trading at all. The first accounting period generally begins on the date of incorporation and runs to the company’s first accounting reference date. Because that period is often longer or shorter than a standard twelve-month year, both the figures covered and the date the accounts are due can differ from those of an established company. The filing deadline for first accounts depends on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements, so it is worth confirming the position for your own company rather than assuming it matches another director’s experience. Not every newly incorporated company is a micro-entity. A company may be able to prepare accounts under the micro-entity framework, using the financial reporting standard applicable to qualifying entities such as FRS 105, if it meets the eligibility conditions for the accounting period in question. Companies that exceed those conditions may fall under the small company regime or full reporting instead. The appropriate framework is determined by the company’s circumstances and the applicable requirements for the relevant period, not simply by the fact that the company is new. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its filing obligations. Where an accountant is engaged, that support covers preparing and reviewing the accounts and delivering them to Companies House where required. It also helps to keep the compliance streams separate: statutory accounts are delivered to Companies House, a Corporation Tax Return such as the CT600 is submitted to HMRC where the company has a Corporation Tax obligation, and a confirmation statement is a separate annual filing that confirms the company’s registered details. Completing one does not complete the others. Where a company has had limited activity, its reporting position still depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. A short conversation about the company’s activity, records and reporting framework is usually the quickest way to establish what is actually required.

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.

First Year Accounts for Limited Company in Laleham — Accurate Preparation and Straightforward Filing Support

If your company has recently been incorporated, the first set of statutory accounts can raise questions a general guide will not answer: which figures belong in the first period, which reporting framework applies, and what exactly has to be sent to Companies House. Micro Entity Accounts works with directors of new limited companies in Laleham to prepare first-year accounts from their accounting records, review the figures before anything is filed, and handle the Companies House submission where required. If you are unsure whether your company has traded for reporting purposes, whether it qualifies for micro-entity reporting, or how the accounts sit alongside a separate Corporation Tax Return, we can talk that through and take the preparation work off your desk.

─── 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 a company prepares, covering its initial accounting period from incorporation to its first accounting reference date. Depending on the reporting framework that applies, they normally include a balance sheet, a profit and loss account where applicable, supporting notes and a statement of the directors' responsibilities. The main difference from later annual accounts is the period covered, which can be longer or shorter than a standard twelve-month year. The accounts are delivered to Companies House where required.

When are a company's first accounts due?

This is one of the most common questions we hear from directors in Laleham, and the accurate answer is that it depends on the company's incorporation date and its accounting reference date. The first accounting period is treated differently from later periods under the applicable Companies House rules, so the deadline is not automatically the same as it would be for an established company. Once we know the company's dates, we can confirm what applies to it.

What information is needed to prepare first-year accounts?

Usually the certificate of incorporation, details of share capital and any shares issued, bank statements and transaction records for the period, sales invoices and income records, purchase invoices and expense evidence, asset purchases, director loan or expense transactions, and any payroll or VAT records where those apply. Companies with limited activity may only have bank records, share capital details and expenses settled personally by a director. We work from whatever records exist and identify anything outstanding.

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

A company can still have statutory filing obligations even where it has had little or no activity, so it should not be assumed that nothing needs to be filed. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically described as dormant. Directors should check the position against the dormancy criteria before deciding that no accounts are required.

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 the CT600 is submitted to HMRC where the company has a Corporation Tax obligation. They serve different purposes and have their own deadlines. Figures from the accounts are often used as a starting point when preparing the tax position, but filing one does not complete the other. The company's first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical.

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

It may be able to, but not automatically. Micro-entity reporting is available to companies that meet the applicable eligibility conditions for the accounting period in question, which relate to turnover, balance sheet total and employee numbers. A company is not guaranteed the framework simply because it is new or small. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework, and the appropriate framework should be confirmed for each period.

Do first-year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement confirms and updates the company's registered information at Companies House, such as directors, shareholders, share capital and nature of business, and it runs to its own filing cycle. Delivering first-year accounts does not satisfy the confirmation statement requirement, and filing a confirmation statement does not complete the accounts obligation. Directors usually need to keep track of both.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, and the outcome can vary depending on how overdue the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. Where a director believes there is a valid reason for the delay, whether an appeal is possible depends on the circumstances and the applicable rules. The priority is usually to get the accounts prepared and delivered as soon as the records allow.