─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have recently incorporated a company, the first set of statutory accounts can feel unfamiliar. First Year Accounts for Limited Company in Leicester means preparing the opening balance sheet and, where applicable, profit and loss account for the company’s initial accounting period, reviewing the underlying accounting records, and delivering the accounts to Companies House where required. At Micro Entity Accounts, we help directors of newly incorporated and newly trading limited companies understand what is needed, prepare accurate statutory accounts, and keep the Companies House filing on track. Corporation Tax is handled separately; a CT600 is submitted to HMRC where applicable and is not the same as filing accounts with Companies House.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

£399.00

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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? A Guide for Limited Companies in Leicester

First-year accounts are the first statutory accounts a newly incorporated limited company prepares for its initial accounting period. They are not optional simply because the company is new; if the company is within the Companies House accounts filing regime, it will generally need to prepare and deliver accounts for its first financial period, although the exact accounting period and filing deadline depend on the incorporation date, the accounting reference date and the applicable Companies House requirements. For a limited company in Leicester, the process usually starts with accurate accounting records — bank transactions, sales invoices, expense receipts, asset purchases, director loans, share capital details and any payroll or VAT records where relevant. From those records we can prepare the statutory accounts, including a balance sheet and, where applicable, a profit and loss account. Some companies may qualify to report as micro-entities under FRS 105, but that depends on eligibility criteria for the relevant period and is not automatic for every new company. First-year statutory accounts are separate from a Corporation Tax Return (CT600) submitted to HMRC and separate from the confirmation statement filed at Companies House. Filing accounts does not automatically complete those other obligations.

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 Leicester?

Preparing first-year statutory accounts can raise practical questions: which accounting framework applies, what records are needed, how the initial accounting period works, and what must be delivered to Companies House. Micro Entity Accounts provides professional support for limited company directors in Leicester who want their first-year accounts prepared accurately and filed with confidence. We can review your records, help identify missing information, prepare the accounts for the relevant period and support the Companies House filing where required. If you are unsure what the company’s first-year obligations are, speaking to an accountant early can help you avoid last-minute pressure and keep your statutory records in order.

─── 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 annual statutory accounts prepared for a company's initial accounting period after incorporation. They usually include a balance sheet and, where applicable, a profit and loss account, together with any required notes, and are delivered to Companies House where required. They are separate from the company's Corporation Tax Return and confirmation statement.

When are first accounts due?

There is no single date that applies to every new company. The due date depends on the company's incorporation date, its accounting reference date and the first accounting period set for Companies House purposes. A director should check the company's specific filing requirements or ask an accountant to confirm the position rather than assuming a standard deadline applies.

What information is needed to prepare first-year accounts?

Typically, we need the company's accounting records for the period, which may include bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, asset purchases, director loan transactions, share capital details and any relevant payroll or VAT records. If the company has had limited activity, the required information may be simpler, but the reporting position still depends on the circumstances.

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

In most cases, a newly incorporated limited company will need to prepare and deliver statutory accounts to Companies House for its first financial period, even if trading has not yet started or activity has been limited. However, the exact filing requirement depends on the company's circumstances and Companies House rules. Directors remain responsible for meeting those obligations.

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 CT600 is a Corporation Tax Return submitted to HMRC where applicable. The figures from the accounts may help with preparing the tax return, but the two filings serve different purposes and go to different authorities. Filing accounts does not automatically submit a CT600.

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

Some companies may qualify for the micro-entity framework if they meet the eligibility conditions for the relevant accounting period. It is not automatic for every newly incorporated company, and the appropriate reporting framework should be checked against the company's circumstances. FRS 105 is the financial reporting standard used by qualifying entities applying the micro-entity framework.

Do first-year accounts replace a confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered information is up to date. Filing first-year statutory accounts does not replace the confirmation statement, and a company may still need to submit one at the appropriate time.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House may take action and late filing penalties can apply. The consequences depend on the circumstances and the length of the delay, and paying a penalty does not remove the requirement to file the outstanding accounts. If you believe there is a valid reason for an appeal, eligibility depends on the applicable rules and evidence.