─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Peacehaven — Prepared and Filed Properly

A company’s first set of statutory accounts carries more weight than most directors expect. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Peacehaven with the preparation and filing of First Year Accounts for Limited Company purposes — reviewing your accounting records, drafting the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. Where your company also has Corporation Tax obligations, we can help you see how the figures from the accounts inform a CT600, which is a separate return submitted to HMRC and not part of the Companies House filing. Directors stay responsible for the company meeting its obligations, but professional support removes much of the uncertainty around that first accounting period.

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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 Peacehaven

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period, covering the period from incorporation, or from the date the company began trading, up to its first accounting reference date. They are not optional. Even a company that has been quiet since incorporation will usually have a statutory reporting position, and a director cannot simply set the matter aside because trade has not started or activity has been limited. The first accounting period does not look the same for every company. Its length and end date depend on the incorporation date and the accounting reference date that Companies House records for the company. That is why the first period is often different in length from later accounting periods, and the filing deadline that applies to it can differ too. The right approach is to check the company’s own dates rather than assume a standard pattern. Where a company meets the applicable eligibility requirements for the relevant accounting period, it may qualify to report as a micro-entity. FRS 105 is the financial reporting standard that applies to qualifying entities using the micro-entity framework, and it permits a more streamlined set of accounts. Eligibility is not automatic — it depends on the company’s size and circumstances — so the reporting framework should be confirmed before preparation begins rather than assumed. It also helps to separate the pieces. Statutory accounts are prepared and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a third, separate filing that keeps the public register up to date. Dealing with one does not complete the others.

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 Peacehaven Right the First Time

If you have recently incorporated a company and are unsure which accounting period applies, which reporting framework fits, or what Companies House actually expects from that first set of statutory accounts, you are in a familiar position. Micro Entity Accounts provides professional preparation and filing support for first year accounts, working from your bank transactions, invoices, expense records and share capital details to build accounts that reflect the company’s position accurately — including a dormant or limited-activity position where that applies. We will talk you through the framework that suits your company, prepare the accounts, and assist with filing where required, while making clear that any Corporation Tax Return remains a separate matter for HMRC. If your company’s first accounts are approaching, getting an experienced eye on the records now is a sensible step.

─── 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 company's first set of annual statutory accounts, covering its initial accounting period. That period normally runs from incorporation, or from the date trading began, to the company's first accounting reference date. The accounts typically include a balance sheet, and a profit and loss account where applicable, and they are delivered to Companies House where required.

When are first year accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, so it varies between companies. The first accounting period is often longer than twelve months and its filing deadline can differ from the deadline that applies in later years. We check the specific dates recorded for your company rather than applying a general rule of thumb.

What information is needed to prepare first year accounts?

Usually bank statements and transaction records, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director loans or other finance, and payroll or VAT records where those apply. Not every company will have all of these, so the list is tailored to what the business has actually done since incorporation.

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

In most cases yes, even where the company has had limited activity or has not yet started trading. Whether accounts are prepared on a normal trading basis or on a dormant basis depends on the company's circumstances and the applicable rules, so it is worth confirming your position rather than assuming nothing needs to be filed.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and it is a separate filing with a separate purpose. Figures from the accounts are often used when preparing the Corporation Tax position, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify, but it is not automatic. Eligibility depends on the applicable criteria for the relevant accounting period, and a low level of activity or turnover on its own does not settle the question. Where a company does qualify, FRS 105 is the financial reporting standard used under the micro-entity framework, and it allows a simplified format.

Do first year accounts replace the confirmation statement?

No, they are separate obligations. The confirmation statement is a Companies House filing that confirms the company's registered details are correct, while first year accounts report the company's financial position for its initial accounting period. Submitting one does not satisfy the other, and companies in Peacehaven may need to deal with both in the same period.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not the same in every case. Paying any penalty does not remove the need to file the outstanding accounts. If a penalty is issued, whether an appeal is available depends on the circumstances and the applicable rules.