─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Livingston

If you have recently incorporated a company in Livingston, its first set of statutory accounts will need to be prepared for the initial accounting period and delivered to Companies House where required. This is often the point where directors realise that being newly incorporated does not remove the filing obligation. We help newly incorporated and newly trading limited companies pull together their accounting records, prepare a balance sheet and, where applicable, a profit and loss account, and support them through the filing process. We also explain how Corporation Tax fits in: a CT600 is submitted to HMRC and is a separate requirement from the accounts filed at Companies House, not a substitute for them.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Limited Company?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They usually begin on the date the company was incorporated and end on its first accounting reference date, although Companies House can sometimes treat the first period slightly differently where the company changes its accounting reference date. From that first period onwards, accounts normally cover a twelve-month period, with the first set often running longer than a standard year. The company’s accounting reference date is set at incorporation and can be changed later, subject to the applicable rules, so the first period is not identical for every company. Statutory accounts typically include a balance sheet, and a profit and loss account where the reporting framework requires one, along with notes and the directors’ responsibilities. Where a company qualifies under the applicable eligibility requirements, it may be able to report using the micro-entity framework and FRS 105, the financial reporting standard for qualifying micro-entities. That is not automatic, and eligibility depends on the company’s circumstances for the relevant period. It is worth separating the different obligations clearly. First-year statutory accounts are filed with Companies House where required. A Corporation Tax Return, usually a CT600, is submitted to HMRC and is a distinct filing with its own purpose. A confirmation statement is another separate Companies House requirement, and filing accounts does not replace it. Directors in Livingston remain responsible for making sure the company meets each of these obligations, even where an accountant prepares and files the accounts on the company’s behalf.

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 Prepared and Filed with Confidence

Many directors approaching their first accounting period are unsure which figures go where, which reporting framework applies, or whether their records are complete enough to prepare statutory accounts. Micro Entity Accounts works with newly incorporated limited companies in Livingston to review the accounting records, prepare the first-year statutory accounts and support the filing with Companies House where required, while keeping clearly separate the Corporation Tax position that sits with HMRC. If you would rather have your first set of accounts handled by someone who deals with these filings regularly, get in touch and we can talk through where your company stands.

─── 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, covering its initial accounting period. That period usually starts on the incorporation date and ends on the first accounting reference date, though Companies House rules can affect how a first period is treated in some cases. The accounts typically include a balance sheet and, depending on the reporting framework used, a profit and loss account, together with any required notes and a statement of the directors' responsibilities.

When are my company's first accounts due?

The deadline depends on your incorporation date and accounting reference date rather than a single fixed date that applies to every company. Companies House sets out the general filing window, and it can be shorter or longer depending on when the first accounting period ends and whether the accounting reference date has been changed. Because it varies, it is worth confirming your company's specific position early rather than assuming a standard twelve-month window applies.

What information do you need to prepare first-year accounts?

It depends on what the company has actually done, but typically we would look at bank statements and transactions, any sales or income records, purchase invoices and business expenses, asset purchases, director's loan movements, share capital details and any finance or loan agreements. Where the company runs payroll or is VAT registered, the relevant records feed in as well. If a company has had very little activity, the records needed may be much lighter, but the reporting position still needs to be considered properly.

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

In most cases yes, a limited company must prepare and file statutory accounts for its first accounting period, even if trading has been limited or has not yet started. The obligation comes from being a limited company rather than from having generated sales or profit. Where a company has had no significant transactions, its reporting position depends on the specific circumstances and applicable rules, so it should not simply be assumed to be dormant without checking.

Are first-year accounts different from annual accounts?

They follow the same underlying purpose, but the first set can cover a period longer than twelve months because it runs from incorporation to the first accounting reference date. Later sets normally cover a standard twelve-month period. The structure and framework can be similar, so the main practical difference is the length and start date of the period being reported on.

Are first-year accounts the same as a CT600?

No. Statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. They serve different purposes and go to different places, and completing one does not complete the other. The figures in the accounts often help when preparing the Corporation Tax position, but the two filings remain separate, and the Corporation Tax accounting period may not line up exactly with the statutory accounts period.

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

Some companies do qualify for the micro-entity framework and FRS 105, but it is not automatic and not every new or small company meets the conditions. Eligibility depends on the company's circumstances and the applicable requirements for the relevant accounting period. We check this as part of preparing the accounts so the correct framework is used.

What happens if first-year accounts are filed late?

Filing required accounts after the applicable deadline can lead to Companies House consequences, and these are not necessarily the same in every case. Paying any penalty does not remove the need to file the outstanding accounts. If accounts are already overdue, the priority is usually to get them prepared and filed, and whether an appeal is appropriate depends on the circumstances and the applicable rules. If you are in Livingston and your first filing date has passed, it is worth getting advice quickly rather than waiting.

Do first-year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement is a Companies House filing that confirms the company's details are up to date, while statutory accounts report the financial position for the accounting period. Filing your first-year accounts does not satisfy the confirmation statement obligation, and the company may still need to keep its registered information current.