─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Llandeilo: Professional Preparation and Filing Support

Your company’s first set of statutory accounts sets the tone for every filing that follows. Whether you incorporated recently and have not yet started trading, or you are already invoicing customers, Micro Entity Accounts can help you prepare accurate First Year Accounts for Limited Company in Llandeilo and deliver them to Companies House where required. We start by reviewing your accounting records — bank transactions, sales and income, business expenses, share capital and any director transactions — then prepare a balance sheet and, where applicable, a profit and loss account under the reporting framework that suits your company. If your company also has Corporation Tax obligations, we can explain how those sit alongside the accounts, remembering that a CT600 is submitted separately to HMRC and is not the same as filing statutory accounts with 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? A Guide for New Limited Companies in Llandeilo

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company’s first accounting reference date, although the exact dates and the length of the period depend on the company’s own details and the rules applying at the time. The rules for a first set of accounts often work differently from later years, which is why many directors look for guidance on First Year Accounts for Limited Company requirements as soon as they incorporate. For a new company in Llandeilo, these accounts are the formal record of its financial position at the period end and of its activity during the period, usually presented as a balance sheet and, where applicable, a profit and loss account with supporting notes. Where the company is eligible, first-year accounts may be prepared under the micro-entity framework, which allows a simplified format. Eligibility is not automatic and does not follow simply from being newly incorporated or having limited activity; it depends on whether the company meets the applicable conditions for the relevant accounting period, including the relevant size thresholds and other qualifying criteria. FRS 105 is the financial reporting standard used by qualifying entities adopting the micro-entity framework, while other companies may need to report under the small-company or full framework instead. It also helps to separate three distinct obligations. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations, and the first Corporation Tax accounting period does not always mirror the statutory accounts period. A confirmation statement is a further, separate filing that keeps the company’s register information up to date and does not replace the accounts.

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 Llandeilo Prepared With Confidence

The first set of accounts tends to raise more questions than any later filing: what period should the accounts cover, which format is appropriate, and what actually needs to be sent to Companies House. If you are unsure whether your records are complete enough, or whether your company can use the micro-entity framework at all, Micro Entity Accounts can help. We help newly incorporated companies with First Year Accounts for Limited Company preparation and the related Companies House filing, and we explain how those accounts sit alongside separate Corporation Tax and confirmation statement obligations. Directors remain responsible for the company’s compliance, but with transparent fees and clear explanations, you can review your figures before anything is submitted rather than discovering problems afterwards. If you would like your first-year position looked at properly, get in touch and we will set out what is needed for your company.

─── 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 Limited Company and when are they needed?

They are the first set of statutory annual accounts a limited company prepares, covering the initial accounting period that begins when the company is incorporated and ends on its first accounting reference date. The accounts usually include a balance sheet as at the period end and, where applicable, a profit and loss account and notes. Once prepared and approved by the directors, they are delivered to Companies House where required.

When are my first-year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the length of the first accounting period. Companies House calculates the deadline from the accounting reference date rather than from when your bookkeeping is finished, and the rule for a first set of accounts can differ from the rule for later years. Because those dates vary between companies, it is worth confirming your own deadline shortly after incorporation instead of assuming it matches another company's.

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

It depends on what the company has done during the period. Typically we would ask for bank and credit card statements, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements, and payroll or VAT records where those apply. If trading has been limited, we will tell you what is realistically needed rather than asking for documents that do not exist.

Does a newly incorporated company have to file accounts with Companies House?

In most cases, yes — including where activity has been limited or trading has not yet started. A company with no significant accounting transactions may be able to take a different route, but that depends on whether it genuinely meets the dormancy conditions for the whole period and on the applicable rules, so it should not be assumed. If your Llandeilo company has been quiet since incorporation, we can review the position and confirm the appropriate approach.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted separately to HMRC where the company has Corporation Tax obligations. The figures in the accounts are often used when preparing the tax position, but the two filings serve different purposes and go to different places. Completing one does not complete the other, and the first Corporation Tax accounting period may not be identical to the statutory accounts period.

Can my new company qualify for micro-entity accounts?

It may, but qualification is not automatic and does not follow simply from being newly incorporated, small or quiet. Eligibility depends on the company meeting the applicable conditions for the relevant accounting period, including the relevant size thresholds and other criteria. Where a company does qualify, FRS 105 allows a simplified set of accounts. We check eligibility before deciding which framework to use.

Do first-year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement confirms that the company's registered details, such as its officers, registered office and share information, are up to date, and it is submitted independently. Filing first-year accounts does not replace it, and submitting a confirmation statement does not satisfy the accounts filing requirement.

What happens if first-year accounts are filed late?

Failing to file by the applicable deadline can lead to Companies House consequences, which may include a late filing penalty that can be higher where the delay is longer. Penalty amounts and the treatment of any appeal depend on the circumstances and the applicable rules, and paying a penalty does not remove the requirement to file the outstanding accounts. If your accounts are already overdue, the priority is usually to get accurate accounts prepared and submitted as soon as possible.