─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have recently incorporated a company and are not yet sure what its first set of statutory accounts involves, Micro Entity Accounts can help. We work with newly incorporated and newly trading limited companies in Plymouth to prepare first year statutory accounts, review the accounting records behind them and file with Companies House where required. We also explain how the first accounting period works in your company’s case, which reporting framework may apply, and how accounts filing sits separately from a Corporation Tax Return such as a CT600, which is submitted to HMRC rather than Companies House. Directors remain responsible for the company’s statutory obligations, and our role is to support them with accurate preparation, clear explanations and straightforward 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 for a Micro Company and Why New Plymouth Companies Need Them

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period and are prepared under the reporting requirements that apply to that company, then delivered to Companies House where required. For a company incorporated in Plymouth, this is often the first formal financial reporting task the directors face, and it sets the pattern for every set of accounts that follows. The first accounting period normally starts on the date of incorporation and runs to the company’s first accounting reference date. Because that date is determined by the incorporation date and the month in which the company was formed, the first period is not always exactly twelve months — it can be shorter or longer than a full year. That is one practical reason first-year accounts can look different from the annual accounts prepared in later periods, and why it is worth checking the company’s own dates rather than assuming they follow the same pattern as another business. Some companies may be able to prepare accounts under the micro-entity accounting framework if they meet the eligibility requirements for the relevant accounting period. Where a company qualifies, FRS 105 — the financial reporting standard for qualifying entities using the micro-entity framework — can allow a simpler balance sheet and a reduced set of notes. Eligibility is not automatic and does not follow from being newly incorporated or from having low activity on its own. It depends on the company’s circumstances and the thresholds that apply for the period in question, and the same is true of the small company regime. Part of our work is confirming which framework actually applies before anything is drafted. It also helps to keep the different filings apart. A Corporation Tax Return such as a CT600 is submitted to HMRC, not Companies House, and a company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a separate Companies House filing that confirms the company’s registered information is up to date. Filing first-year accounts does not automatically complete either of those obligations, and vice versa. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its filing obligations. Bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director loan movements, share capital details and, where relevant, payroll or VAT records all help the accounts to be prepared accurately. We review what is available, raise anything that looks incomplete, and prepare the accounts for the directors to review and approve before filing where required.

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 Plymouth Prepared Properly

The first year is often the point at which directors realise they are not certain what has to be filed, by when, or under which reporting framework. If that sounds familiar, Micro Entity Accounts can take the preparation and filing of your first year statutory accounts off your desk. We review your accounting records, prepare the accounts on the basis that applies to your company, explain what you are being asked to approve, and file with Companies House where required — while being clear about which obligations sit with HMRC, such as a CT600, and which sit with Companies House. If you are a director of a newly incorporated company in Plymouth and would rather have the first set of accounts handled accurately from the outset, get in touch and we will talk you through what is involved for your company.

─── 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 after incorporation, covering its initial accounting period. They are prepared from the company's accounting records and delivered to Companies House where required. They are a statutory reporting obligation rather than an optional exercise, even where trading has been limited.

When are first year accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not the same for every company. Companies House sets the filing deadline by reference to those dates, and the first accounting period can be shorter or longer than twelve months. We check the company's own record rather than applying a general rule of thumb.

What information do you need to prepare first year accounts?

It depends on what the company has done. Typically we ask for bank statements covering the period, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director loan movements and, where applicable, payroll or VAT records. If the company has had very little activity, that usually means less to review rather than nothing to report.

Does a newly incorporated company have to file accounts with Companies House?

In most cases yes, a limited company has statutory accounts filing obligations from incorporation, even if it has not started trading. Where a company has had no significant accounting transactions, the correct reporting position depends on its specific circumstances and the applicable rules — it is not automatically treated as dormant. Directors in Plymouth should check the position rather than assume no filing is needed.

Are first year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. The figures in the accounts may inform the Corporation Tax position, but the two filings serve different purposes, go to different bodies and are governed by different deadlines. Completing one does not complete the other.

Does filing first year accounts replace the confirmation statement?

No, they are entirely separate filings. The confirmation statement confirms the company's registered details at Companies House, while the accounts report the financial position for the accounting period. A company may need to submit both, and keeping the Companies House record accurate is a continuing obligation.

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

It may do, but eligibility is not automatic and does not follow simply from being newly incorporated or from having low turnover. Whether the micro-entity framework applies depends on the company's circumstances and the eligibility requirements for the relevant accounting period. Where it does apply, FRS 105 is the standard used by qualifying entities, and we confirm the framework before preparing anything.

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 position is not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If a filing is at risk of being late, or a deadline has already been missed, it is worth speaking to us early so the position can be reviewed and the outstanding accounts prepared.