─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

The first set of statutory accounts is one of the earliest compliance tasks a newly incorporated company faces, and getting it right sets the tone for everything that follows. If your company is based in Oulton, we can take the information from your accounting records, prepare the statutory accounts for the first accounting period, and file them with Companies House where required. We will also take the time to explain what the figures show, so the balance sheet and any profit and loss information make sense before anything is submitted. Corporation Tax is a separate matter entirely: a limited company may also need to prepare a CT600 for HMRC, and delivering accounts to Companies House does not complete that. Whether you incorporated recently and have been trading for months, or have only just begun, professional support helps you meet the first-year requirements with fewer surprises.

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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 Limited Company, and When Do Micro-Entity Rules Apply?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period usually begins on the date of incorporation and ends on the company’s first accounting reference date, although it can be shortened or adjusted in certain circumstances. The accounts normally include a balance sheet and, where the applicable reporting framework calls for it, a profit and loss account together with supporting notes. Directors are responsible for ensuring the accounts are prepared and filed, even when an accountant handles the practical work on the company’s behalf. Some companies are eligible to report under the micro-entity framework and may prepare accounts under FRS 105, which is the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic and does not follow from being new, small or lightly traded — it depends on the conditions that apply for the relevant accounting period. Where a company does not qualify for micro-entity treatment, a small-company framework or full accounts may be the appropriate route, and that decision should be made after reviewing the company’s circumstances. It is important to keep statutory accounts separate from other filings. Accounts are delivered to Companies House where required, whereas a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations — and the first Corporation Tax accounting period is not necessarily identical to the statutory accounts period. A confirmation statement is a further, separate filing that confirms the company’s details at Companies House. Maintaining accurate accounting records throughout the year makes each of these tasks considerably easier.

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 Oulton in Order

Many directors in Oulton only start thinking about first-year accounts once the filing window is already closing in, by which point the records may be incomplete or the correct reporting framework still unclear. Micro Entity Accounts can help you get ahead of that. We review what you have, prepare the statutory accounts for the period, talk you through the balance sheet and profit and loss position in straightforward language, and file the accounts with Companies House where required. If your company also has Corporation Tax obligations, we can explain how the CT600 sits alongside the accounts filing, since these are separate submissions to separate bodies with their own purposes. Clear pricing, transparent fees and no hidden costs — and answers to the questions new directors genuinely ask.

─── 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 normally runs from the date of incorporation to the company's first accounting reference date, although it can be adjusted in certain circumstances. The accounts show the company's financial position at the period end through a balance sheet and, where the applicable framework requires it, a profit and loss account with notes. Preparing them is a statutory obligation for limited companies, and they are generally filed with Companies House where required.

When are my company's first accounts due?

The deadline depends on your company's accounting reference date and the rules that apply to a first set of accounts, which generally allow a longer period than for later years. It is not identical for every company, so the practical approach is to check the date recorded at Companies House shortly after incorporation and diarise it. We can confirm the position for your company and work back from that date when planning preparation and review.

What information is needed to prepare first year accounts?

Typically bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director transactions, and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records feed into the figures too. Not every company will have all of these, and a company with limited activity still needs a clear, complete record of what has actually happened during the period.

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

Yes — a limited company generally has a statutory accounts filing obligation, even where trading has been limited or has not yet commenced. Whether a company is treated as dormant for filing purposes depends on its circumstances and the applicable rules, so a company with no significant accounting transactions should not simply assume there is nothing to prepare. Directors remain responsible for ensuring the correct filings are made.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often inform the tax return, but the two filings serve different purposes, go to different bodies, and may cover different periods. Completing one does not complete the other.

Can a new limited company qualify for micro-entity accounts?

Some companies do qualify, but not all, and being newly incorporated is not the test on its own. Micro-entity eligibility depends on the conditions that apply for the relevant accounting period, and qualifying entities may prepare accounts under FRS 105. Where a company does not qualify, a small-company framework or full accounts may be more appropriate. We review the position before deciding which reporting framework to use.

Do I still need to file a confirmation statement?

Yes, where applicable. A confirmation statement is a separate filing that confirms the company's details at Companies House, such as its directors, registered office and share information. It does not replace the statutory accounts, and filing accounts does not satisfy the confirmation statement requirement. Many directors in Oulton deal with both as part of the same annual routine, alongside keeping the company's registered details up to date.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties and further action if the accounts remain outstanding. Penalties are not automatically waived, and paying a penalty does not remove the requirement to file the accounts. If your accounts are already overdue, completing and submitting them is usually the priority, and whether a penalty appeal is possible depends on the circumstances and the applicable rules.