─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Micro Entity Accounts prepares First Year Accounts for Limited Company directors in Lanchester, working from your own accounting records to produce a set of statutory accounts that reflects what actually happened in the company’s first period. For a newly incorporated company, the first set is usually the least familiar: the accounting period runs from incorporation to the first accounting reference date, the format depends on which reporting framework the company is eligible for, and the accounts generally need to be delivered to Companies House where required. We review the records you hold, flag anything missing or unclear, prepare the balance sheet and, where applicable, the profit and loss account, and handle the filing. If the company also has Corporation Tax obligations, the information behind the accounts can support a CT600, but that return is submitted separately to HMRC — it is not the same filing as your Companies House accounts.

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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 What Do They Involve for a Lanchester Limited Company?

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which generally starts on the incorporation date and ends on the first accounting reference date. That period does not always run for exactly twelve months — some companies’ first periods are slightly longer, others shorter — so the dates recorded for your company determine what the accounts must cover and when they are due. Those accounts are statutory accounts, and they are generally delivered to Companies House where required. It is worth separating the various obligations, because they are often confused. Statutory accounts prepared for Companies House are not the same thing as a Corporation Tax Return. A company that is within the charge to Corporation Tax may need to submit a CT600 to HMRC, and that return is prepared for HMRC, not for Companies House. The company’s first Corporation Tax accounting period may also differ from the period covered by its statutory accounts. A confirmation statement is separate again: it confirms the company’s registered information and does not replace the accounts, just as filing the accounts does not remove the need to keep Companies House records up to date. Some companies will be able to prepare simpler accounts under the micro-entity framework, with FRS 105 as the reporting standard that applies to qualifying entities using it. A company may qualify if it meets the eligibility conditions for the relevant accounting period, but that is a test to be applied rather than an assumption to make. A newly incorporated company with uncomplicated activity may well qualify; a company with more substantial turnover, a larger balance sheet, more employees or interests in other companies may not. The right framework should be confirmed period by period, and we can check the position for your company before anything is prepared.

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.

Need Help With First Year Accounts for Limited Company in Lanchester?

Newly incorporated companies often reach their first accounts deadline with the numbers in reasonable shape but the reporting side less clear. Directors ask the same sensible questions: is the micro-entity framework appropriate for us, what should the balance sheet look like in a first year, which records do we actually need to keep, and does filing with Companies House settle the tax side as well? Micro Entity Accounts can review your accounting records, prepare the first statutory accounts and manage the Companies House filing where required, with clear pricing and no hidden costs. Corporation Tax, where it applies, is handled as the separate HMRC matter it is. If the first set of accounts is approaching and you would rather have it prepared properly the first time, get in touch and we will set out what applies to 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 annual statutory accounts a company prepares after incorporation, covering its initial accounting period. They generally include a balance sheet and, where applicable, a profit and loss account with supporting notes, prepared under whichever reporting framework the company is eligible for. Filing them with Companies House is normally required where the relevant filing conditions are met.

When are my company's first accounts due?

There is no single standard answer, because it depends on your incorporation date and your accounting reference date. The first accounting period is set from incorporation to the first accounting reference date, and the filing deadline follows from that period. It is worth confirming your company's specific dates early, since first periods do not all run for the same length of time.

What information is needed to prepare first year accounts?

Usually the accounting records for the period: bank transactions and statements, sales and other income, purchase invoices and business expenses, details of any assets bought or sold, share capital information, director loan movements, and any loan, finance or payroll records that apply. If the company is VAT registered, the VAT records can be useful too. Where records are incomplete, we can help work out what still needs to be gathered before the accounts are prepared.

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

In most cases, yes, where the company is required to file statutory accounts for the period. Being newly incorporated does not by itself remove the obligation, and neither does having traded only lightly or not yet having started trading. There are reporting routes for companies with no significant accounting transactions, but whether they apply depends on the company's circumstances and the applicable rules rather than being an automatic description.

Are first year accounts the same as a CT600?

No, they are separate. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. The figures in the accounts often inform the tax return, but the two have different purposes and different destinations, and completing one does not complete the other. The company's first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts.

Do we still need to file first year accounts if the company has not traded?

A company can still have reporting obligations even where activity has been minimal or trading has not yet begun. What needs to be filed depends on the company's own circumstances, so it is best not to assume nothing is due without checking. We can look at the position for your Lanchester company and explain what applies.

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

It may, if it meets the eligibility conditions for the relevant accounting period. The micro-entity framework, using FRS 105 for qualifying entities, allows a simpler set of accounts, but not every new company qualifies. Turnover, balance sheet size, employee numbers and the company's structure can all be relevant, so the framework should be confirmed for each period rather than assumed at incorporation.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the position is not identical in every case. Where penalties arise, they do not remove the obligation to file the outstanding accounts. If you are already overdue, it is sensible to deal with it promptly, and penalty appeals are possible in some circumstances depending on the reasons and the applicable rules. A confirmation statement is a separate obligation and is not affected by the accounts filing either way.