─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Oxted — Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, but it also comes with responsibilities that begin long before the year end. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Oxted prepare their First Year Accounts for Limited Company purposes — building the figures from your accounting records, drafting a balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. We also review the records you hold as a director and flag anything that needs tidying before the figures are finalised. Where Corporation Tax applies, that is a separate obligation handled through HMRC, typically by way of a CT600 return, and we can explain how the two processes sit alongside each other without confusing one for the other.

🔥 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 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?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. That period normally begins on the date the company was incorporated, although the exact start and end points depend on the company’s accounting reference date and any changes made to it, so two companies incorporated in the same month will not necessarily share the same first reporting period. The accounts themselves are drawn from the company’s accounting records — bank transactions, sales and income, expenses, purchase invoices, asset purchases, director transactions, share capital, loans and, where relevant, payroll or VAT records — and typically include a balance sheet, together with a profit and loss account where the reporting framework requires one. Directors remain responsible for ensuring the accounts are prepared and filed, even where an accountant does the work. Once prepared, the accounts are generally delivered to Companies House where required for that period. Some newly incorporated companies may be eligible to report under the micro-entity framework, with FRS 105 being the financial reporting standard applicable to qualifying entities that use it, but eligibility depends on the company’s circumstances and the applicable requirements for the relevant accounting period rather than on the company simply being new. First year accounts are not the same as a Corporation Tax Return, which is submitted separately to HMRC, and they are not the same as a confirmation statement, which keeps Companies House informed about the company’s officers, shareholders and registered details.

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 Set of Statutory Accounts Prepared Properly

If you have incorporated a company in Oxted and you are unsure what your first accounting period covers, which records you need to keep, or how the Companies House filing side works, you are not alone — these are among the questions directors ask most often in the first year. Micro Entity Accounts provides professional preparation and filing support for First Year Accounts for Limited Company purposes, working from the records you hold and explaining each step in straightforward terms. We can help you understand which reporting framework is likely to fit, how your Companies House accounts and any separate HMRC obligations relate to one another, and what you still need to do as a director. Getting the first year right makes every following year easier, so it is worth having the figures and the filing handled by someone who deals with this routinely.

─── 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 your company prepares for its initial accounting period — the period that generally starts when the company was incorporated. They are built from the company's accounting records and normally include a balance sheet, plus a profit and loss account where the applicable reporting framework requires one. They are a Companies House filing obligation where required, and they are separate from anything you send to HMRC.

Do newly incorporated companies in Oxted have to file first year accounts with Companies House?

In most cases, yes — a limited company generally has to prepare and deliver statutory accounts for its first accounting period where the filing requirement applies, even if trading has been limited. The exact position depends on your company's incorporation date, accounting reference date and circumstances, so it is worth checking rather than assuming. Directors of newly formed companies in Oxted remain responsible for making sure the filing happens, even when an accountant prepares the accounts.

When are the first accounts due at Companies House?

That depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements. The first set of accounts often follows a different timescale from later years, and it is not safe to assume the deadline matches the one you will have in year two and beyond. We can look at your company's specific dates and confirm what applies to you.

What information do I need to prepare first year accounts?

It varies by company, but typically we would look at bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director loans or transactions, share capital details, and any loans or finance agreements. Where relevant, payroll records, VAT records and other supporting documents may also be needed. If the company has had little activity, we can work from what exists — you do not need a full set of every possible record before getting in touch.

Are first year accounts the same as a CT600 Corporation Tax Return?

No. The statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in your accounts are often used as the starting point for the tax position, but the two filings have different purposes, different destinations and separate deadlines. Completing one does not complete the other.

My company has not started trading yet — do I still need first year accounts?

It depends on your company's circumstances and the applicable rules. A company can still have statutory filing obligations even where activity has been limited or trading has not yet begun, and having no significant accounting transactions does not automatically mean the company is dormant. Directors should check their position rather than assume nothing needs to be filed, and we can help you work out what applies.

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

Some newly incorporated companies may qualify to report as micro-entities under FRS 105 if they meet the applicable eligibility requirements for the accounting period in question, but not every new company qualifies and low activity alone does not decide it. The right framework is determined by the company's circumstances, so eligibility should be assessed before the accounts are prepared rather than assumed.

What happens if first year accounts are filed late?

Filing required accounts after the applicable deadline can lead to consequences from Companies House, and those consequences are not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is usually to get the accounts prepared and submitted while dealing with the position directly — and if an appeal is being considered, eligibility depends on the circumstances and the applicable rules.