─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Poole: Prepared, Reviewed and Filed

Incorporating a limited company in Poole brings statutory reporting duties from the outset, and the opening set of accounts is often the one directors feel least prepared for. Our First Year Accounts for Limited Company service covers the practical work: reviewing your accounting records, preparing the statutory accounts for the company’s first accounting period, and filing them with Companies House where required. Corporation Tax is handled separately — a return such as a CT600 is submitted to HMRC rather than Companies House — and we can help you see how the figures in your accounts feed into that process.

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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 How Does the Opening Period Work?

First year accounts are the first set of annual statutory accounts a newly incorporated limited company prepares. They cover the company’s initial accounting period, which runs from incorporation up to the company’s accounting reference date. Because that opening period is not always a neat twelve months, the accounts for a first year can span longer or shorter than a normal annual period depending on the incorporation date and the accounting reference date recorded at Companies House. The accounts are prepared from the company’s accounting records and typically include a balance sheet, a profit and loss account where applicable, and supporting notes. Once prepared, they are delivered to Companies House where the company is required to file them, and the directors remain responsible for making sure that happens. Some companies qualify to report under the micro-entity framework, which uses FRS 105, the financial reporting standard applicable to qualifying entities. That is not automatic for a new company, a startup or a company with modest turnover — eligibility has to be tested against the applicable criteria for the relevant accounting period, and the right framework depends on the company’s circumstances. It is also worth separating the paperwork clearly: first year statutory accounts are not a Corporation Tax Return, and a CT600 goes to HMRC rather than Companies House. A confirmation statement is a third, separate filing, used to confirm that the details Companies House holds about the company are current. Where a company has had little or no activity, its reporting position still depends on its own circumstances and the applicable rules rather than being treated as dormant by default.

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 Poole — Get the Opening Period Right

First year accounts can be an awkward piece of work to tackle alone, particularly when you are unsure which figures belong in the accounts, what records are still missing, or which reporting framework your company can properly use. Micro Entity Accounts works with newly incorporated limited companies and their directors, helping to gather and review the accounting records, prepare the statutory accounts for the opening period, and file them with Companies House where required. If your company’s first accounts are approaching, or you would simply rather know what is expected before the deadline arrives, getting professional support in place early is far easier than correcting an incomplete filing afterwards.

─── 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, covering its initial accounting period from incorporation through to its accounting reference date. They are drawn up from the company's accounting records and typically include a balance sheet, a profit and loss account where applicable, and supporting notes. Later years follow the same principle but cover a standard annual period, whereas the opening period can be longer or shorter depending on the incorporation date and the accounting reference date. They are separate from a Corporation Tax Return and from a confirmation statement.

When are first-year accounts due?

The due date depends on the company's accounting reference date, the length of the opening period and the Companies House filing rules that apply — the first accounts deadline is measured differently from later years. Rather than working from an assumed date, check the accounting reference date recorded at Companies House and the specific deadline attached to your company. It is worth noting that HMRC's first Corporation Tax accounting period is usually measured from when trading begins, so it may not line up exactly with the statutory accounts period. We can confirm the relevant dates once we have your company details.

What information is needed to prepare first-year accounts?

Broadly, anything that records the company's financial activity for the period: bank statements and transactions, sales and income records, business expense receipts, purchase invoices, details of any assets purchased, director loans or transactions, share capital information, and payroll or VAT records if the company is registered for either. Not every company will have all of these — a newly incorporated company with limited activity may have very little to hand over. Complete records generally make preparation more straightforward, and we can flag any gaps before work starts.

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

A limited company generally has to prepare and deliver statutory accounts to Companies House for its first accounting period where required, including where trading has been limited or has not yet started. Whether the company can file as dormant depends on its circumstances and the applicable rules, not simply on whether it has made sales. Filing the accounts also does not discharge other obligations, such as keeping adequate accounting records, submitting a confirmation statement when due, or dealing with Corporation Tax where the company has a liability.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC, and the two serve different purposes. The figures in your accounts often support the tax return, but filing one does not complete the other, and the relevant deadlines can differ. If your company has Corporation Tax obligations, both filings need space in your compliance calendar, and it helps to plan for them together.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, which uses FRS 105, but it is not something that applies automatically. Eligibility depends on the company meeting the applicable criteria for the accounting period in question, which consider factors such as balance sheet total, turnover and employee numbers. Being newly incorporated, having low turnover or being a startup is not enough on its own. We assess the position against the requirements before deciding which framework to prepare the accounts under.

Do first-year accounts replace the confirmation statement?

No, they are separate filings with different purposes. A confirmation statement confirms that the information Companies House holds about the company — directors, registered office, share capital and similar details — is up to date, while the first-year accounts report the company's financial position for its opening period. A company may need to submit both, and one does not satisfy the other. Keeping the Companies House record accurate is worthwhile, as changes to share capital or company details can affect how the accounts are presented.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty. The outcome depends on the circumstances and on how late the accounts are, and paying a penalty does not remove the requirement to file the outstanding accounts. Where an appeal is being considered, eligibility depends on the reasons for the delay and the applicable rules. Our focus is on preparing the accounts properly and helping directors in Poole keep track of the dates that apply to them.