─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Pontypool, Prepared Properly from the Start

Your first set of statutory accounts is a milestone every newly incorporated company has to deal with, and it often arrives sooner than directors expect. Micro Entity Accounts supports limited companies in Pontypool with the preparation of those first-year accounts, reviewing the accounting records behind them and delivering them to Companies House where required. We also help directors understand how that filing fits alongside the company’s wider obligations, including any separate Corporation Tax or CT600 position that sits with HMRC rather than Companies House.

🔥 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, and Why Do They Matter?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They generally cover the period running from incorporation, or from the point the company began trading where that is different, through to the company’s first accounting reference date. Because that opening period is rarely a neat twelve months, the incorporation date and the accounting reference date are both central to working out which period the accounts cover and when they need to be delivered. Every UK limited company, including companies incorporated here in Pontypool, has a statutory duty to prepare accounts and to file them with Companies House where required. That duty does not disappear simply because the company has only recently been set up or has seen limited activity. Where a company has had few or no accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically described as dormant. Some companies will be able to prepare accounts under the micro-entity framework. This uses FRS 105, the financial reporting standard applicable to qualifying entities that meet the micro-entity eligibility conditions for the relevant accounting period. Eligibility depends on the company’s size and circumstances, so it should be confirmed rather than assumed. A newly incorporated company is not automatically a micro-entity, and low turnover on its own does not settle the question. Companies that do not qualify for the micro-entity framework may still fall within the small company regime, subject to the applicable requirements. It is also worth being clear about what first-year accounts are not. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations, and a company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a separate filing again, keeping the public register up to date. Filing first-year accounts does not remove the need for those other obligations, and it does not mean Companies House has reviewed or approved the figures.

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 Limited Company Accounts Prepared with Professional Support

The opening accounting period catches many directors out, largely because it does not follow the tidy twelve-month pattern they were expecting, and it is easy to lose track of what has to be filed, where, and on what basis. Micro Entity Accounts works with newly incorporated limited companies in Pontypool to prepare first-year accounts from properly maintained records, establish which reporting framework applies to the company, and manage delivery to Companies House where required. If your records are incomplete or trading has been limited, we can help you work out what information is needed to move things forward. Clear pricing, straight answers and no unnecessary jargon — speak to us before your first accounts deadline comes into view.

─── 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 annual accounts your company prepares for its initial accounting period. That period usually starts on incorporation, or on the date the company began trading where that differs, and ends on the company's first accounting reference date. The accounts typically include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements required under the reporting framework the company uses.

When do first-year accounts need to be filed?

It depends on your company's incorporation date and its accounting reference date. Companies House normally allows a longer filing period for a first set of accounts than for later years, but the exact date is specific to your company, so it is worth confirming rather than estimating. If you are unsure what applies to your company, we can check the position and explain the date that applies to you.

What information is needed to prepare first-year accounts?

In practice, we usually need your bank transactions, sales and income records, business expenses, purchase invoices, details of any assets bought, director transactions and loans, share capital information, and payroll or VAT records where those apply. Not every company will have all of these. If your records are patchy, we can talk through what exists and what still needs to be pulled together.

Do newly incorporated companies have to file accounts with Companies House even if they have not traded?

A company still has statutory accounts obligations even where it has had limited activity or has not yet started trading, so it should not be assumed that nothing needs to be filed. Whether the company is genuinely dormant, and what that means for its reporting, depends on its specific circumstances and the applicable rules. Our advice for directors in Pontypool is to check the position early rather than assume the first year can be skipped.

Are first-year accounts different from annual accounts?

They follow the same statutory principles, but the first set covers the company's opening period, which is often longer or shorter than a standard twelve months. Later annual accounts usually cover a full year. The first set also establishes the figures that subsequent periods are compared against, so getting the opening position right matters.

Are first-year accounts the same as a CT600 or a confirmation statement?

No. Statutory accounts go to Companies House where required, a Corporation Tax Return such as a CT600 goes to HMRC where the company has Corporation Tax obligations, and a confirmation statement is a separate Companies House filing that keeps the register up to date. The figures in your accounts often feed into the Corporation Tax position, but the filings have different purposes and different destinations, and completing one does not complete the others.

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

Some newly incorporated companies do qualify for the micro-entity framework, and where that applies the accounts are prepared under FRS 105. Eligibility depends on the company's size and circumstances for the relevant accounting period, so it cannot be assumed. We assess this as part of the accounts preparation work and confirm which framework is appropriate before anything is finalised.

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 necessarily the same in every case. Paying any penalty does not remove the obligation to file the outstanding accounts. If your accounts are already overdue, the priority is to get accurate accounts prepared and delivered, and we can help you understand the position and what steps come next.