─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in London, Prepared and Filed Properly

A newly incorporated company has one set of statutory accounts that raises more questions than any other: its first. Micro Entity Accounts supports directors of newly incorporated and newly trading companies in London with First Year Accounts for Limited Company preparation, a careful review of the accounting records behind them, and filing with Companies House where required. We also help you see how those accounts fit alongside your wider obligations, including a separate Corporation Tax Return such as a CT600 where HMRC requires one, a confirmation statement, and any VAT or payroll filings that apply to your circumstances. Whether your company has traded throughout the period, started partway through it, or has had limited activity so far, we can help you establish what applies and get the first set of accounts in order.

🔥 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

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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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

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, and Does Every New Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally begins on the date of incorporation and ends on its first accounting reference date. The exact period depends on the incorporation date and the accounting reference date recorded at Companies House, so it is worth confirming rather than assuming, and a first period is not always the same length as the twelve months used in later years. What the accounts contain depends on the reporting framework that applies to the company. Typically they include a balance sheet, a profit and loss account where the framework requires one, notes to the accounts and the directors’ statement of responsibilities. A company that meets the eligibility conditions for the micro-entity regime for the relevant accounting period may be able to report under the micro-entity framework and FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Other companies may report as small companies or under a fuller framework. Eligibility is assessed against the rules for that period and is not automatic simply because a company has recently been incorporated or has modest activity, so it is best reviewed case by case. Once prepared, first year accounts are generally filed with Companies House where required. That filing is separate from a Corporation Tax Return: a CT600 is submitted to HMRC, and the two have different purposes, destinations and timescales, even though they draw on the same underlying records. A confirmation statement is separate again, updating Companies House on the company’s officers, shareholders and registered details. Directors remain responsible for ensuring the company meets its statutory obligations, and professional support is there to help prepare, review and file the required information rather than to transfer that responsibility away.

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 London Prepared Correctly

Many directors incorporate a company and only later realise that the first set of statutory accounts comes with its own decisions: which reporting framework applies, whether the accounting records are complete enough to support the figures, and what actually has to be delivered to Companies House. Micro Entity Accounts works with limited companies across London to prepare first-year accounts, sense-check the records behind them and manage the filing where required, while keeping Corporation Tax and confirmation statement obligations clearly separate. If you would rather have the figures reviewed and the first-year paperwork handled properly from the outset, speak to us before your accounts are due.

─── 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 statutory accounts a company prepares after incorporation, covering its initial accounting period. The period normally starts on the date of incorporation and ends on the company's first accounting reference date, although the exact dates depend on how the company was set up. The accounts are built from the company's accounting records and are generally filed with Companies House where required. What they include depends on the reporting framework the company uses, and they sit alongside the company's other obligations rather than replacing any of them.

When are first year accounts due?

There is no single date that applies to every company in London or anywhere else. The deadline is calculated from the company's accounting reference date rather than its incorporation date, and first accounts are sometimes given a different filing window from later years. Because the accounting reference date is usually linked to the month of incorporation, two companies incorporated in different months will not share the same deadline. We confirm the relevant date for your company and plan the preparation work around it.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period, but directors of newly incorporated companies are commonly asked for bank statements and transaction listings, sales invoices and income records, purchase invoices and expense receipts, details of any assets bought or sold, share capital and share issue information, director loan account movements, loans or finance agreements, and payroll or VAT records where these apply. Incorporation documents and details of the accounting reference date are also useful. If some records are missing, the position can usually still be worked through, but the accounts can only be as accurate as the information behind them.

Does a new limited company have to file accounts with Companies House even if it has not traded?

Statutory filing obligations can still apply to a company that has had little or no trading activity, so it is not safe to assume nothing needs to be done. Whether the company files full accounts, simpler accounts or dormant accounts depends on its actual circumstances and the applicable rules for that period, including whether any accounting transactions took place. Being dormant for Companies House purposes is not automatically the same as being dormant for tax purposes. It is worth checking your position rather than letting a filing date pass unnoticed.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the members and, where required, delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts often inform the tax return, but the two serve different purposes, go to different bodies and have their own requirements. Filing the accounts does not complete the company's Corporation Tax position, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

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

It may do, but eligibility is not automatic and cannot be assumed just because a company is new or small. Qualification is assessed against the conditions set for the relevant accounting period, and a company's position can change from one period to the next. Where a company qualifies and the micro-entity framework is appropriate, FRS 105 is the standard that applies, and the accounts can be prepared on that basis. If it does not qualify, a different framework will apply and the accounts will need to reflect that.

Do first-year accounts replace the confirmation statement?

No, they are separate filings with different purposes. The accounts report the company's financial position and performance for the period, while the confirmation statement confirms that the information Companies House holds about the company, such as its officers, shareholders and registered office, is up to date. Preparing and filing the accounts does not satisfy the confirmation statement requirement, and the company still needs to keep its Companies House record accurate and file its confirmation statement when it falls due.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the amount or type of consequence depends on how late the accounts are and other circumstances, so it is not the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. In some situations an appeal may be possible, depending on the reasons for the delay and the applicable rules. If your first-year accounts are overdue, the priority is usually to get accurate accounts finalised and filed as soon as the records allow.