─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Linlithgow — Prepared, Reviewed and Filed

The first set of statutory accounts is a milestone for any newly incorporated company, and it is also a legal obligation rather than an optional exercise. If you have set up a limited company in Linlithgow, Micro Entity Accounts can prepare your First Year Accounts for Limited Company from the accounting records you hold, talk you through the figures, and deliver the accounts to Companies House where required. We also help you understand the accounting period, the accounting reference date and which reporting framework is likely to fit your company — whether that is the micro-entity framework under FRS 105 or the small company regime. Where Corporation Tax applies, the accounts information often feeds into the preparation of a CT600, but that return is submitted separately to HMRC. Directors remain responsible for the company’s compliance, and we support you through each stage of it.

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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 in Linlithgow?

For a newly incorporated limited company, the first set of statutory accounts is usually described simply as first-year accounts. They cover the company’s initial accounting period — the stretch of time that starts on the date of incorporation and ends on the company’s first accounting reference date. That period is not always twelve months. It can be longer or shorter than a standard year, which is one of the reasons the first filing catches directors out. These accounts are required because every UK limited company has a statutory duty to prepare annual accounts and, in most cases, to deliver them to Companies House. That duty begins with the first period. It does not wait until the company has been trading for a full year, and it does not disappear because the company has been quiet. Directors in Linlithgow who have recently incorporated should therefore check their accounting reference date early rather than assume nothing is due yet. The format of the accounts depends on the framework the company is eligible to use. Some companies meet the eligibility conditions for the micro-entity framework and can prepare simpler accounts under FRS 105, while others fall into the small company regime or need a fuller framework. Whether a company qualifies is judged against the applicable eligibility requirements and its own circumstances for the relevant accounting period, so it should not be assumed that a new company is automatically a micro-entity. It is just as important to be clear about what first-year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC rather than Companies House, and separate again from a confirmation statement, which updates the public register. A company may have obligations under all three headings, and completing one does not complete the others. The figures in the accounts are often used when preparing the company’s tax position, but the two filings have different purposes and different destinations.

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 Linlithgow Prepared and Filed

First-year accounts raise questions that rarely come up in quite the same way again — how long the first period runs, which reporting framework actually applies, what to do when trading has been limited, and how the accounts sit alongside a CT600 or a confirmation statement. Micro Entity Accounts works with newly incorporated limited companies and their directors, including companies based in Linlithgow, to prepare first-year statutory accounts from the records available, review the figures with you, and file with Companies House where required. If your accounting records are patchy, or you are unsure whether the micro-entity framework is the right fit, it is far better to work through those points while there is still time to prepare properly.

─── 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 company's first set of statutory accounts, covering the initial accounting period that begins on the date of incorporation and ends on the first accounting reference date. They are prepared from the company's accounting records and generally include a balance sheet, with a profit and loss account included where the applicable framework and the company's circumstances require it. The accounts are then delivered to Companies House where required.

When are a company's first accounts due?

That depends on the company's incorporation date and its accounting reference date, because the first accounting period does not always run for a full twelve months. Companies House sets the deadline by reference to those dates, so the answer is company-specific rather than the same for everyone. We can confirm the applicable date for your company, and we would always recommend checking it shortly after incorporation rather than closer to the time.

What information is needed to prepare first-year accounts?

Typically we would ask for bank statements and transaction records, sales and income records, purchase invoices and business expenses, details of any assets bought for the company, share capital information, and any director transactions or loans. If the company runs payroll or is registered for VAT, those records are helpful too. Where activity has been limited, you simply provide whatever records exist — we can work with a partial picture and tell you what is still missing.

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

In most cases, yes — subject to the applicable requirements for that company and accounting period. The obligation applies from the first accounting period, including where the company has had limited activity or has not yet started trading. Whether a company is dormant for filing purposes depends on its specific circumstances and the relevant rules, so it should be assessed rather than assumed.

Are first-year accounts the same as a CT600 or a confirmation statement?

No, and it helps to keep them separate. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and covers the company's tax position, which may follow a different accounting period from the statutory accounts. A confirmation statement is a third, separate filing that updates the public register. Completing one does not complete the others.

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

It may do, if it meets the eligibility requirements for the relevant accounting period. Being newly incorporated, or having modest turnover, does not by itself guarantee micro-entity status, and companies in Linlithgow are in exactly the same position as anywhere else in the UK. FRS 105 is the financial reporting standard used by qualifying entities applying the micro-entity framework. The right framework should be confirmed against the company's circumstances before the accounts are prepared.

Our company has not traded yet — do we still need first-year accounts?

The statutory duty to prepare accounts generally still applies, even where there has been little or no activity. That said, the reporting position depends on the company's circumstances and the applicable rules, and a company with no significant accounting transactions is not automatically treated as dormant. The Corporation Tax position also needs to be considered separately, and it is worth seeking advice rather than leaving the first period unaddressed.

What happens if first-year accounts are filed late?

Filing required accounts after the applicable deadline can lead to consequences from Companies House, and those consequences are not identical in every case. Paying a late filing penalty does not remove the requirement to file the outstanding accounts. If you believe there is a valid reason for the delay, appeal eligibility depends on the circumstances and the applicable rules, so it is best to speak to us as early as possible.