─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Presteigne — Prepared Properly, Filed Correctly

The first set of statutory accounts is a milestone every newly incorporated limited company has to plan for, and it rarely lands at a convenient moment. Micro Entity Accounts supports directors in Presteigne with First Year Accounts for Limited Company obligations: reviewing the accounting records, preparing the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. We also explain how the incorporation date and accounting reference date shape the first accounting period, and why a Corporation Tax Return such as a CT600 is a separate submission made to HMRC rather than to Companies House. If you would rather not work through the reporting framework on your own, professional preparation helps keep the figures consistent and the filing in order.

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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 annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, it has a reporting obligation to Companies House, and the first accounts normally cover the period running from incorporation to the company’s first accounting reference date — though the exact period depends on the company’s own incorporation date and accounting reference date rather than a fixed rule that applies to everyone. Where an eligible company meets the relevant criteria, it may be able to prepare accounts under the micro-entity framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is assessed for the relevant accounting period, so it is worth checking rather than assuming, and a newly incorporated company is not automatically a micro-entity. Small-company reporting may be available in other circumstances too, depending on the company’s position. Prepare, review, file — three separate steps that directors sometimes treat as one. The accounts themselves are drafted from the company’s accounting records: bank transactions, sales and income records, expense and purchase invoices, asset purchases, director transactions, share capital details, loans and finance, plus payroll or VAT records where those apply. The prepared accounts are then approved by the directors, and the statutory accounts are delivered to Companies House where required. Companies House does not prepare the accounts, and it does not professionally approve or verify them. First-year statutory accounts are also distinct from other compliance tasks. A confirmation statement is a separate filing that keeps the company’s registered information up to date, and it is not replaced by submitting accounts. A Corporation Tax Return, such as a CT600, is submitted to HMRC rather than Companies House, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. Filing accounts does not automatically complete the company’s Corporation Tax, confirmation statement or VAT obligations. Directors in Presteigne remain responsible for ensuring the company meets its filing obligations, even when an accountant is engaged. Professional support covers the preparation, review and filing work — it does not transfer that legal responsibility away from the board.

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 Presteigne Prepared Accurately

Most directors of newly incorporated companies can produce a bank statement and a folder of receipts, but knowing which figures belong on the balance sheet, which reporting framework applies and what has to reach Companies House is a different matter. Micro Entity Accounts prepares first-year statutory accounts for limited companies, reviews the accounting records behind them and supports the filing process where it is required. If your first accounting period is approaching, or you are unsure whether your company qualifies for micro-entity reporting, it is worth having the position reviewed before the accounts are due rather than afterwards — a short conversation now is far easier than correcting figures later.

─── 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 for its initial accounting period, covering the period from incorporation through to its first accounting reference date. They normally include a balance sheet and, where applicable, a profit and loss account, and they are prepared from the company's accounting records. The directors approve the accounts before they are filed, and the statutory accounts are delivered to Companies House where required.

When are a company's first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, which is why a newly incorporated company should not assume its first filing date matches another company's. There is no single answer that applies to every new limited company. Companies House publishes the applicable requirements, and we can help you work out which period and deadline apply to your company specifically.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typical records include bank transactions, sales and income records, business expense and purchase invoices, asset purchases, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records are relevant too. Companies with limited activity will naturally have fewer records to provide, but the statutory filing position still needs to be considered.

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

A newly incorporated company generally has a statutory accounts filing obligation, even if trading has not yet started or activity has been minimal. Filing those accounts does not replace a confirmation statement, which is a separate submission, and it does not submit a Corporation Tax Return to HMRC. The accounts go to Companies House where required; the CT600 goes to HMRC where applicable.

Do first-year accounts need to be filed if the company has not traded?

A company with no significant accounting transactions may still have filing obligations, and its reporting position depends on its circumstances and the applicable rules rather than being automatically treated as dormant. If a company has genuinely never traded and meets the relevant conditions, a different route may be available. Directors in Presteigne are best advised to confirm their position rather than assume no filing is required.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC. Information from the accounts may be used when preparing the company's Corporation Tax position, but the two filings have different purposes and different destinations, and completing one does not complete the other.

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

Some companies may qualify for simplified reporting as micro-entities if they meet the eligibility requirements for the relevant accounting period, and FRS 105 is the standard applicable to qualifying entities using that framework. It is not automatic — a new company is not a micro-entity simply because it has just been incorporated, and low activity alone does not settle the question. Eligibility should be checked against the company's circumstances before the accounts are prepared.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is usually to prepare and file them, and to consider whether an appeal is appropriate — eligibility for that depends on the circumstances and the applicable rules.