─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Odiham — Prepared, Reviewed and Filed With Support

Incorporating a limited company in Odiham brings a set of statutory duties that begin earlier than many directors expect. First Year Accounts for Limited Company in Odiham covers exactly that first milestone: turning your day-to-day accounting records into a set of statutory accounts for the company’s initial accounting period, reviewing the figures with you, and delivering those accounts to Companies House where required. We look at what the company has actually done since incorporation — share capital introduced, expenses paid, income received, assets purchased, director transactions and any finance arrangements — and build the accounts around the reporting framework the company is entitled to use. Corporation Tax is handled separately: a CT600 is submitted to HMRC, not Companies House, and the company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. Our role is to make the accounts preparation and Companies House filing side of your first year clear, accurate and properly documented, so you know what has been filed and what still needs attention.

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First Year Accounts Preparation

(Turnover up to £100K)

£499.00

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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, and When Does the Micro-Entity Framework Apply?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period starts on the date of incorporation and runs to the company’s first accounting reference date, which Companies House sets based on the incorporation date. Because of how that date is calculated, a first accounting period can be longer than the twelve months a director might expect from later years — which is why the figures in year one often need more thought than the figures in year two. The accounts normally include a balance sheet, and where the applicable framework and the company’s circumstances require it, a profit and loss account, together with notes and any information the filing framework calls for. Directors remain responsible for making sure the accounts are prepared and filed correctly, even when an accountant is engaged to do the work. Filing first-year statutory accounts with Companies House is one obligation. It is not the same as submitting a Corporation Tax Return such as a CT600 to HMRC, and it is not the same as filing a confirmation statement, which keeps the public register up to date. A company may also have separate Corporation Tax duties, and its first Corporation Tax accounting period does not necessarily match the statutory accounts period, so the two are usually considered side by side rather than treated as one task. On the reporting framework: some newly incorporated companies qualify as micro-entities and can prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard that applies to qualifying entities. Others fall into the small company regime, or need fuller reporting. Eligibility depends on the company’s circumstances and the requirements that apply to the relevant accounting period, and it is not automatic for a new company, a low-activity company or a startup. We check the position for your company rather than assuming, then prepare the accounts on the basis that actually fits. If a company has had little or no activity since incorporation, that does not remove its filing obligations, but the way it reports — and whether a dormant position applies — depends on its specific circumstances and the applicable rules.

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 Odiham Prepared on a Firm Footing

Many directors in Odiham only start thinking about first-year accounts once a Companies House reminder lands, and by then the records are often scattered across bank statements, receipts and a spreadsheet. Micro Entity Accounts can take that on: we review the accounting records you hold, identify what is missing, prepare the statutory accounts for the first accounting period, and support you with filing them at Companies House where required. We will also explain plainly where Corporation Tax, a CT600 or a confirmation statement fits in, because those sit with HMRC or the register and are not covered by filing your accounts. If you are unsure which reporting framework applies to your company, or what the first accounting period actually covers, that uncertainty is best resolved early. Speak to us about professional preparation and filing support for your first-year accounts.

─── 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 annual accounts a limited company prepares, covering the period from its date of incorporation to its first accounting reference date. They normally include a balance sheet, and a profit and loss account and notes where the applicable framework requires them. For a company registered in Odiham, the accounts are the company's public financial record for that opening period, and they are usually delivered to Companies House where required.

When are first accounts due?

It depends on your company's incorporation date and the accounting reference date Companies House sets for it, so there is no single date that applies to every new company. The first accounting period is calculated from those dates and can be longer than a standard twelve-month period. We check the position for your company and work to the deadline that applies to it, rather than a general rule of thumb.

What information is needed to prepare first-year accounts?

Generally, we need the company's accounting records for the period: bank and payment account transactions, sales or income records, purchase invoices and business expenses, details of any assets purchased, director transactions and loans, share capital information, and payroll or VAT records where those apply. Not every company will have all of these — a newly incorporated company with limited activity may only have share capital and a handful of expenses. Tell us what exists and we will identify any gaps.

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

Yes, in most cases a limited company must prepare and file statutory accounts for its first accounting period, and this obligation applies whether or not the company has started trading or generated income. What the accounts look like, and how the reporting framework applies, depends on the company's circumstances. Filing accounts is also separate from filing a confirmation statement and from any Corporation Tax Return sent to HMRC.

Are first-year accounts different from annual accounts?

The content is broadly the same idea — a set of statutory accounts for an accounting period — but the first set is different in one important way: the period itself is defined by the incorporation date rather than by a previous year's accounts. That can make the first period longer than later ones, and it often includes pre-trading costs, initial share capital and setup expenses that would not appear again.

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

Filing obligations can still apply where a company has had limited activity or has not yet commenced trading, so it is not safe to assume nothing needs to be done. Whether the company is treated as dormant for reporting purposes depends on its specific circumstances and the applicable rules, and that is a different question from whether accounts must be filed. Directors of companies in Odiham and elsewhere should confirm the position rather than assume it.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. The figures in your accounts often feed into the Corporation Tax position, but the two filings have different purposes and go to different places. Filing one does not complete the other, and the first Corporation Tax accounting period may not match the statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify as micro-entities and can prepare accounts under the micro-entity framework, which uses FRS 105. Eligibility depends on the company's circumstances and the thresholds and requirements that apply to the relevant accounting period, so it is not automatic for every new company, every low-turnover company or every startup. We assess the position for your company and prepare the accounts on the framework that applies to it.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the outcome depends on the circumstances and how late the filing is. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so it is best to deal with an overdue set as soon as possible. If you believe there was a valid reason for the delay, appeal eligibility depends on the facts and the applicable rules, and we can explain your options.