─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Port Talbot — Professional Preparation and Filing Support

Your company’s first set of statutory accounts is one of the earliest formal milestones after incorporation, and it is easy to underestimate how much sits behind it. Whether you have just formed a company in Port Talbot or have been trading for a few months and your first accounting period is drawing to a close, Micro Entity Accounts can help you prepare First Year Accounts for Limited Company reporting that properly reflect what happened in the business. We start by reviewing your accounting records — bank transactions, sales and income, purchase invoices, asset purchases, share capital details and director transactions — and use them to build the figures that go into the accounts. From there we prepare the balance sheet, the profit and loss account where applicable and the supporting notes, then file the accounts with Companies House where required. It is worth being clear about what this does and does not cover. Filing statutory accounts with Companies House is a separate requirement from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and a confirmation statement is separate again. We can support you across all of these where they apply, but they are distinct obligations with different destinations. If your first accounting period has ended or is approaching, having the accounts prepared accurately from the outset makes later years considerably easier to manage.

🔥 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 Does Your Port Talbot Limited Company Qualify?

First year accounts are the first set of annual statutory accounts that a limited company prepares, covering the period from incorporation through to its first accounting reference date. Every UK limited company has an accounting reference date, and the first one is normally set when the company is incorporated — in most cases falling at the end of the month in which the first anniversary of incorporation occurs, although this can vary, and Companies House holds the applicable date for each company. Those first accounts are not optional, and they are not a formality that can be set aside because the company is new or quiet. Where a company is required to deliver accounts to Companies House, it must do so for its first financial period just as it will for later years. The filing date is calculated from the company’s incorporation date and accounting reference date, and a first set of accounts generally has a longer filing window than subsequent years. We confirm the deadline that applies to your company before work begins rather than assuming one date fits everyone. Preparing the accounts usually involves pulling together the company’s accounting records — bank transactions, sales and other income, business expenses, purchase invoices, asset purchases, share capital information, and any loans or director transactions — and using them to produce a balance sheet, a profit and loss account where applicable, and the notes required by the reporting framework in use. Some companies qualify to report as micro-entities, a simplified framework, and FRS 105 is the financial reporting standard applicable to qualifying entities using it. Qualification depends on meeting the eligibility requirements for the relevant accounting period, so it is assessed rather than assumed: a newly incorporated company in Port Talbot does not automatically qualify. It also helps to separate the moving parts. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is a separate filing again. Directors often assume these obligations are one exercise; they are related, but they are not the same thing.

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 Port Talbot Prepared Correctly From the Start

If your first accounting period is coming to an end and you are unsure what needs to go where, you are not alone — most directors form a company without ever having prepared a set of statutory accounts before. The questions tend to be practical: which records actually matter, what belongs on the balance sheet, whether the company can use micro-entity reporting, and what genuinely has to be sent to Companies House. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Port Talbot on exactly this. We review your accounting records, prepare your first statutory accounts, and file them with Companies House where required, while keeping the separate HMRC position — including any CT600 obligations — clearly in view. Directors remain responsible for the company’s filing obligations, so it matters that you understand the accounts you are approving rather than simply signing them. If you would rather have your first set of accounts prepared properly the first time, with transparent fees and a clear explanation of each step, speak to us about your company’s circumstances.

─── 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?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are built from the company's accounting records and typically include a balance sheet, a profit and loss account where applicable and supporting notes. Once prepared and approved by the directors, they are filed with Companies House where required. This is a statutory obligation rather than an optional exercise, even for a company that has only recently been incorporated.

When are my first accounts due to be filed?

The deadline is not identical for every company. It is calculated from the company's incorporation date and its accounting reference date, and Companies House records the applicable date for each company. A first set of accounts usually has a longer filing window than accounts for later years, but the precise date depends on the company's own dates rather than a general rule of thumb. If you are unsure, we can confirm the deadline that applies to your company before any work begins.

What information is needed to prepare first-year accounts?

Broadly, the records that support the figures: bank statements and transactions, sales and other income records, business expenses and purchase invoices, details of any assets bought or sold, share capital information, any loans or amounts owed to or from directors, and payroll or VAT records where the company has them. A company with limited activity will need less. We will tell you what is genuinely relevant to your circumstances rather than asking for everything indiscriminately.

Does a company still need to file first accounts if it has not started trading?

It may still have filing obligations. Those obligations are not switched off simply because a company has not commenced trading or has had limited activity. Whether accounts must be filed, and what they should contain, depends on the company's circumstances and the applicable rules, including whether it meets the conditions to be treated as dormant. A company with no significant accounting transactions is not automatically dormant, and assuming otherwise can create problems later. It is worth confirming the position before deciding nothing needs to be filed.

Are first-year statutory 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 where applicable. They are separate filings with different purposes and different destinations, and completing one does not complete the other. The figures in the accounts are often a starting point when preparing the company's Corporation Tax position, and the company's first Corporation Tax accounting period may not be identical to the period covered by the statutory accounts.

Is a confirmation statement included in my first-year accounts?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details are correct. It is not part of the statutory accounts, and filing the accounts does not satisfy the confirmation statement requirement, just as filing a confirmation statement does not satisfy the accounts requirement. A newly incorporated company may still need to keep its Companies House information up to date and submit confirmation statements as they fall due.

Can a newly incorporated company qualify for micro-entity accounts and FRS 105?

Some companies can, but not all. Micro-entity reporting is a simplified framework available to companies that meet the eligibility requirements for the relevant accounting period, generally assessed against turnover, balance sheet total and employee numbers. FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. A newly incorporated company is not automatically a micro-entity, and it is not simply a question of low turnover. Eligibility should be checked against the company's circumstances for the period in question.

What happens if first-year accounts are filed late?

Where required accounts are delivered after the applicable deadline, Companies House can take action, which may include a late filing penalty. The consequences are not identical in every case and depend on the circumstances and how overdue the accounts are. Paying a penalty does not remove the obligation to file the outstanding accounts. If accounts are already overdue, the priority is usually to get them prepared and filed as quickly as the records allow, and to consider whether an appeal is appropriate for the particular circumstances.