─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Pershore, Prepared and Filed by Micro Entity Accounts

Every newly incorporated limited company eventually faces its first set of statutory accounts, and that opening accounting period rarely looks the same as the years that follow. Micro Entity Accounts helps directors in Pershore work out what is required, prepare the figures properly and deliver the accounts to Companies House where the company is required to file. We start by reviewing the accounting records you hold — bank transactions, sales and income records, purchase invoices, asset purchases and any director transactions — and use that information to build the balance sheet and, where the applicable framework requires it, the profit and loss account. If the company also has Corporation Tax obligations, the same figures will often inform the CT600, but that is a separate submission to HMRC with its own rules and timescales, and it does not replace the Companies House accounts filing.

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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, and Could Your Pershore Limited Company Use the Micro-Entity Framework?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period, covering the time from incorporation through to the company’s first accounting reference date. They are not optional simply because the company is new, and they cannot be set aside because trading has been limited or has not yet started. Where the company is required to file, those accounts are delivered to Companies House, and the directors remain responsible for making sure that happens. The length of the first accounting period is determined by the company’s incorporation date and accounting reference date. It often runs for longer than twelve months, although that is not true of every company, and the exact dates depend on the company’s own circumstances and whether its accounting reference date has been changed. The accounts themselves normally include a balance sheet, with a profit and loss account and supporting notes included where the reporting framework applicable to the company requires them. A limited company that meets the relevant eligibility conditions for the period may be able to use the micro-entity accounting framework, with FRS 105 as the standard that applies to qualifying entities reporting under it. Eligibility depends on the company’s circumstances and the requirements in force for that accounting period, so a newly incorporated company should not assume it qualifies automatically. Companies that do not meet those conditions prepare accounts under a different framework, and the correct route is worth confirming rather than guessing. It also helps to keep the separate compliance obligations clearly apart. First-year statutory accounts are not the same as a Corporation Tax Return such as a CT600, which is submitted to HMRC where the company has Corporation Tax obligations, and they are not the same as a confirmation statement, which confirms the company’s registered details at Companies House. A company may need to deal with several of these in the same period, and the dates and requirements attached to each can differ.

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 Pershore Prepared Properly

It is common for a newly appointed director in Pershore to be unsure whether the first set of accounts needs to be filed, which records should be handed over, or which reporting framework actually applies. Micro Entity Accounts can talk those points through with you, prepare the statutory accounts from the information you provide, and support the filing with Companies House where required — with clear pricing, a straightforward process and no hidden costs. If your first accounting period is approaching, getting the preparation right from the outset is far simpler than untangling it later.

─── 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 for its initial accounting period. They usually include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account together with supporting notes. The period covered generally begins on the incorporation date and ends on the company's first accounting reference date, although the length of that opening period varies between companies.

When are first-year accounts due?

The due date is calculated from the company's own incorporation date and accounting reference date, so it is not identical for every limited company. The method used to work out the first filing date also differs from the one applied in later years. Because the deadline flows from your company's specific dates, it is worth confirming the position rather than assuming — we can help directors in Pershore check what applies to their company.

What information is needed to prepare first-year accounts?

Usually we ask for bank statements and transaction records, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, share capital information, and any loans or transactions between the company and its directors. Payroll and VAT records are relevant where those apply. A newly incorporated company with limited activity may have very little to provide, while a company that has been trading will have more. The more complete the records, the smoother the preparation.

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

In most cases, yes. A UK limited company is generally required to prepare and file statutory accounts with Companies House for each financial year, including its first, even where trading has not begun or activity has been minimal. The reporting position for a company with no significant accounting transactions depends on its circumstances and the applicable rules rather than being automatically treated as dormant, so it is worth taking advice before deciding nothing needs to be filed.

Are first-year accounts the same as a CT600?

No. The statutory accounts filed at Companies House and a Corporation Tax Return such as a CT600 are separate documents with separate purposes and separate destinations. The CT600 is submitted to HMRC where the company has Corporation Tax obligations, while the accounts are delivered to Companies House where required. The figures from the accounts often feed into the tax return, but filing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some newly incorporated companies do qualify, but not all of them, and low turnover alone is not the test. The micro-entity framework, together with FRS 105 as the standard applicable to qualifying entities using it, is available to companies that meet the applicable eligibility conditions for the accounting period in question. Those conditions are assessed on the company's own circumstances, so we review the position before confirming which framework fits.

Do first-year accounts replace a confirmation statement?

No, they are separate requirements. A confirmation statement is a Companies House filing that confirms the company's registered information — such as its directors, registered office and shareholders — is up to date. First-year statutory accounts report the company's financial position for its first accounting period. Filing one does not satisfy the other, and a company may need to deal with both within the same period.

What happens if first-year accounts are filed late?

Where accounts are not delivered by the applicable deadline, Companies House can take action and late filing consequences apply. Those consequences are not the same in every situation and depend on factors such as how late the accounts are and the company's filing history. Paying any penalty does not remove the obligation to file the outstanding accounts. If a director believes there is a valid reason for the delay, whether an appeal is available depends on the circumstances and the applicable rules, so it is best to seek advice early.