─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Pontyclun, Prepared With Professional Support

Your company’s first set of statutory accounts sets the pattern for everything that follows. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Pontyclun on the preparation of their first year accounts — reviewing the accounting records you hold, drafting a balance sheet and, where applicable, a profit and loss account, and supporting the delivery of those accounts to Companies House where required. If your company also has Corporation Tax obligations, a CT600 is a separate submission made to HMRC under its own rules and timescales, and it is not covered by filing accounts at Companies House. Handling the first accounting period carefully, with the figures properly checked and the paperwork in order, makes the whole process far less uncertain for directors who are doing this for the first time.

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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?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation, or from the point the company began its reporting obligations, up to the company’s first accounting reference date. By default, that date is generally set at the last day of the month in which the company was incorporated, one year on, although it can be shortened or, in certain circumstances, extended. Because this first period is not always a full twelve months, the figures in a first set of accounts are not always directly comparable with later years — something worth remembering if you review the accounts alongside a second or third year. The accounts themselves are a formal record of the company’s financial position. They typically include a balance sheet and, where applicable, a profit and loss account with supporting notes. Company directors remain responsible for ensuring the accounts are prepared and delivered to Companies House where required, even when an accountant does the preparation work. Companies House does not prepare those accounts, and it does not approve them. Some companies qualify to prepare accounts under the micro-entity framework, which uses FRS 105 as the applicable financial reporting standard for qualifying entities. Qualification is not automatic. It depends on the company meeting the eligibility requirements for the relevant accounting period and on its individual circumstances, so the appropriate basis of preparation should be assessed rather than assumed. A company that does qualify may find the micro-entity framework simpler, but that is a decision to reach with the relevant requirements in front of you. It also helps to keep first year accounts separate from other filings. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a distinct obligation with its own accounting period, which may not match the statutory accounts period. A confirmation statement is separate again — it confirms the information Companies House holds about the company rather than reporting financial results. Filing one of these does not complete the others, so a director in Pontyclun needs to track each obligation on its own terms.

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.

First Year Accounts for Limited Company in Pontyclun: Get the Detail Right From the Start

Many directors incorporate a company and only later realise that the first accounting period brings real obligations — accounts to prepare, records to pull together and a Companies House filing to deliver. If your bookkeeping is patchy, if you are unsure which reporting framework actually fits your company, or if you would simply rather have the numbers reviewed before anything is submitted, professional help takes the guesswork out of it. Micro Entity Accounts supports limited companies and their directors in Pontyclun with first year accounts preparation, from reviewing bank transactions and supporting records through to drafting the statutory accounts and helping with the Companies House filing where required. We will also point out where a separate CT600 or confirmation statement may be relevant, so nothing is overlooked. Talk to us before your first accounting period closes and the process stays manageable.

─── 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 your company prepares for its initial accounting period. They generally include a balance sheet and, where applicable, a profit and loss account and supporting notes, and they are delivered to Companies House where required. They are a separate matter from any Corporation Tax Return you may need to submit to HMRC.

When are first accounts due to Companies House?

The deadline for a first set of accounts is measured from your company's accounting reference date, and the period allowed for first accounts is generally different from the period allowed in later years. Rather than assume a date, it is worth checking the accounting reference date Companies House holds for your company and the filing deadline attached to it. If anything about that date is unclear, we can help you confirm the position for your company's circumstances.

What information is needed to prepare first year accounts?

Typically bank statements and transaction listings, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director loan transactions, and any loan or finance agreements. If the company runs payroll or is VAT registered, those records are relevant too. Where records are limited, we can talk through what is realistically available and what the accounts need.

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

A limited company generally has statutory accounts obligations once it is incorporated, even where trading has not started or activity has been minimal. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Directors in Pontyclun should expect to deal with a first set of accounts at some point rather than assuming a quiet start means nothing is required.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it is a separate filing with its own requirements and its own accounting period, which does not always align with the statutory accounts period. Information from the accounts often feeds into the tax position, but submitting one does not submit the other.

Can a new limited company qualify for micro-entity accounts and FRS 105?

It can, but not automatically. Micro-entity status depends on meeting the eligibility criteria that apply for the relevant accounting period. Newly incorporated companies are sometimes assumed to qualify simply because they are small, which is not how the rules work. Where a company does qualify, the micro-entity framework — with FRS 105 as the applicable financial reporting standard — may simplify the accounts. We can review the position and confirm the appropriate basis of preparation.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the information Companies House holds about the company, such as its directors, shareholders and registered office. It does not report financial results, and submitting first year accounts does not satisfy it. Many companies have both obligations running alongside each other.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which may include penalties. What applies depends on how late the filing is and on the company's filing history, and paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, the priority is getting accurate accounts prepared and delivered.