─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Larkhall — Professional Preparation and Filing Support

The first set of statutory accounts is a milestone every newly incorporated company has to deal with, and it tends to arrive sooner than directors expect. Micro Entity Accounts supports limited companies in Larkhall with the preparation of those first-year accounts — reviewing the accounting records behind them, drafting the balance sheet and, where applicable, the profit and loss account, and delivering the accounts to Companies House where required. If your company also has Corporation Tax to report, that is a separate obligation owed to HMRC, usually through a CT600, and it is handled independently of the Companies House accounts filing. Our role is to make sure the first filing is built on accurate records, the right reporting framework for your company, and a clear understanding of what has been filed and what still remains outstanding.

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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 Work in Practice?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not an optional extra that can be set aside simply because the company is new. Incorporation brings statutory reporting duties with it, and the first period is where those duties begin. The length of that first accounting period depends on the company’s incorporation date and its accounting reference date. A company incorporated partway through a calendar year will often have an initial period that is longer or shorter than a standard twelve-month year, and the applicable Companies House requirements follow from those dates rather than from a single fixed rule. That is one reason two newly incorporated companies can have noticeably different first-year positions. The accounts are built from the company’s accounting records — bank transactions, sales and income, business expenses, purchase invoices, asset purchases, director transactions, share capital information and loans, along with payroll or VAT records where those apply. Where a company meets the eligibility requirements for the relevant accounting period, it may be able to report under the micro-entity framework, and FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Eligibility is assessed rather than assumed, and not every new company qualifies. Once prepared, statutory accounts are generally delivered to Companies House where required. Companies House receives the filing — it does not prepare the accounts, check whether an accountant prepared them, or approve them. It is also important not to confuse this filing with other obligations. A limited company may separately need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, and its first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a further separate filing, and completing one does not complete the others.

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.

Straightforward Professional Support With Your First Year Accounts for Limited Company in Larkhall

If you are uncertain what your first set of accounts should include, how your records translate into a balance sheet, or whether your company actually qualifies for simplified reporting, that uncertainty is usually best resolved before the filing date rather than after it. Micro Entity Accounts works with directors of newly incorporated limited companies in Larkhall to prepare first-year statutory accounts, review the accounting records supporting them, and file with Companies House where required. We will also make clear where separate matters apply — a Corporation Tax Return, a CT600 submission to HMRC, or a confirmation statement — so nothing gets mistaken for something it is not. Expect transparent fees, no hidden costs, and accounts prepared on the basis of the framework your company is genuinely eligible for. Speaking to someone who deals with first-year accounts regularly is a sensible first step for any new director.

─── 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 covering a company's initial accounting period, generally running from incorporation up to the company's first accounting reference date. They usually include a balance sheet and, where applicable, a profit and loss account, along with any required notes and statements, prepared under an accounting framework appropriate to the company. The accounts are then filed with Companies House where required. They are not the same as a Corporation Tax Return, which is submitted separately to HMRC.

When do first year accounts need to be filed?

The deadline is not identical for every company. It depends on the incorporation date, the accounting reference date and the fact that a company's first accounts are treated differently from later sets under Companies House requirements. Because of this, the reliable approach is to confirm the applicable date for your specific company rather than assume a general rule applies. For directors in Larkhall running a newly incorporated company, it helps to establish that date early so the accounts are prepared well before it arrives.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typically we would look at bank transactions, sales and income records, business expenses and receipts, purchase invoices, asset purchases, director loan movements, share capital information and any loans or finance arrangements. Where the company operates payroll or is VAT registered, those records are relevant too. A company with limited activity still needs to account for what did happen, along with its incorporation details.

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

In general, yes — incorporation creates statutory filing obligations, and having had little or no activity does not automatically remove them. What the accounts need to contain, and whether a company's position is genuinely dormant or simply non-trading, depends on the circumstances and the applicable rules rather than on the absence of sales alone. This is an area where it is worth confirming your company's specific position before deciding nothing needs to be filed.

Are first year accounts the same as a CT600?

No. The statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Information from the accounts often feeds into the tax return, and the two are prepared together in practice, but they have separate purposes, separate destinations and separate deadlines. Filing one does not complete the other, and neither filing automatically handles the company's confirmation statement.

Can a newly incorporated company file micro-entity accounts?

Some can, but it is not automatic. Qualification depends on meeting the eligibility requirements for the relevant accounting period, and low turnover by itself does not settle the question. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity accounting framework. Where a company does not qualify, accounts are prepared under the framework that does apply to it. We assess eligibility as part of preparing the accounts.

Do first year accounts replace a confirmation statement?

No. A confirmation statement is a separate filing that confirms the information Companies House holds about the company — directors, registered office, share capital and similar details — remains accurate. Filing accounts, first year or otherwise, does not satisfy that requirement, and the two run on their own cycles. Directors also remain responsible for keeping statutory registers and company information up to date.

What happens if first year accounts are filed late?

Missing the applicable filing deadline can lead to Companies House consequences, which may include late filing penalties that increase the longer the accounts stay outstanding. Those consequences are not identical for every company, and paying a penalty does not remove the requirement to file the accounts. If accounts are already overdue, the practical priority is to get them prepared and delivered. Where an appeal might be available, eligibility depends on the circumstances and the applicable rules.