─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Leyburn – Professional Preparation and Filing Support

For directors of a newly incorporated or newly trading limited company in Leyburn, First Year Accounts for Limited Company are often the first formal set of statutory accounts the business has to prepare. They usually need to be prepared from the company’s accounting records and filed with Companies House where required, and the first accounting period can differ from later years. Micro Entity Accounts can help you understand what is needed, review the records you have, prepare the statutory accounts and support the Companies House filing process. Where the company also has Corporation Tax obligations, those are dealt with separately from the accounts filing; a CT600 is submitted to HMRC where applicable, not to Companies House.

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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? Guidance for New Limited Companies in Leyburn

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. For a company incorporated in Leyburn, that period generally starts on incorporation and runs to the company’s first accounting reference date, although the exact period and filing deadline depend on the incorporation date, the accounting reference date and applicable Companies House requirements. The accounts normally include a balance sheet, and where applicable a profit and loss account, together with notes and the directors’ responsibilities. They are filed with Companies House where required. If the company is eligible, it may be able to use the micro-entity accounting framework and FRS 105; eligibility depends on the company’s circumstances and the applicable rules for the relevant accounting period, and not every new company qualifies. First-year statutory accounts are not the same as a Corporation Tax Return or CT600, which is submitted to HMRC where applicable, and they do not replace a confirmation statement. Accurate accounting records make the preparation process more straightforward, and professional support can help ensure the correct framework and information are used.

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 Leyburn Prepared by Professionals

If your newly incorporated limited company in Leyburn is approaching its first accounts period, it is common to feel uncertain about what has to be prepared, what records are needed and where the accounts must be filed. Micro Entity Accounts can assist with First Year Accounts for Limited Company, from reviewing your accounting records and helping you understand the reporting framework through to preparing the statutory accounts for filing with Companies House where required. We can also explain how Corporation Tax and any CT600 obligations sit separately with HMRC, so you know which filing relates to which authority. Professional support at this stage can help you meet your director responsibilities with greater clarity and reduce the risk of avoidable errors in your first-year compliance work.

─── 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?

First-year accounts are the first annual statutory accounts a limited company prepares for its initial accounting period. They usually cover the period from incorporation, or from the start of the company's first accounting period, to its first accounting reference date. For a limited company in Leyburn, they normally include a balance sheet and, where applicable, a profit and loss account, notes and the directors' responsibilities. They are separate from a Corporation Tax Return and from a confirmation statement.

When are first accounts due, and what happens if they are filed late?

The due date depends on the company's incorporation date, its accounting reference date and whether it is filing its first accounts. Companies House applies specific rules to first accounts, so the deadline is not necessarily the same as later years. If accounts are filed late, Companies House consequences can apply, and the outcome depends on the circumstances. Paying a late filing penalty does not remove the requirement to file the outstanding accounts. If you are unsure about the deadline for a Leyburn company, professional support can help you check the position.

What information is needed to prepare first-year accounts?

You will usually need the company's accounting records, which may include bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, director loan transactions, share capital details, loans or finance agreements, and payroll or VAT records where applicable. Not every company will have every type of record. The accounts can be prepared from the information relevant to the company's activity during the period.

Do new limited companies have to file accounts with Companies House?

Most limited companies must file statutory accounts with Companies House for each financial year, including the first year, unless a specific exemption or dormant company position applies under the applicable rules. Filing the accounts is separate from submitting a confirmation statement and separate from any Corporation Tax Return due to HMRC. Even a company with limited activity may still have a filing obligation, so directors should check the company's position rather than assume no action is needed.

Are first-year accounts different from annual accounts?

First-year accounts are simply the first set of annual statutory accounts. Later annual accounts follow the same broad purpose, but the first accounting period can be longer or shorter than a typical 12-month period, and first accounts can have particular filing considerations. They are also different from a confirmation statement, which updates Companies House about the company's details, and from a CT600, which is submitted to HMRC for Corporation Tax where applicable.

Do first-year accounts need to be filed if the company has not traded?

A company that has not started trading or has had limited activity may still have statutory filing obligations, depending on its circumstances and the applicable rules. Having no significant accounting transactions does not automatically make the company dormant for all purposes. The correct reporting position should be considered using the company's incorporation date, accounting records and any HMRC correspondence. Advice can help clarify whether accounts need to be filed and whether a dormant position is appropriate.

Are first-year accounts the same as a CT600?

No. First-year 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 in the accounts may help support the Corporation Tax position, but the two filings have different destinations, purposes and requirements. Filing accounts with Companies House does not automatically submit a CT600 to HMRC.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the eligibility requirements for the relevant accounting period. It is not automatic, and a company with low activity or low turnover does not necessarily qualify without meeting the applicable conditions. If eligible, FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. A Leyburn company director should check eligibility before deciding which framework to use.