─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Princes Risborough, Prepared and Filed with Care

For a newly incorporated limited company in Princes Risborough, the first set of statutory accounts tends to arrive sooner than directors expect. Micro Entity Accounts provides First Year Accounts for Limited Company support that covers preparing the statutory accounts from your accounting records, reviewing the figures and disclosures, and delivering the accounts to Companies House where required. Corporation Tax is a separate matter: a CT600 is submitted to HMRC and does not follow automatically from filing accounts, so the two are handled as distinct pieces of compliance work. You get clear pricing, plain-English explanations and no assumption that you already understand accounting reference dates, reporting frameworks or what a balance sheet is meant to show.

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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, and When Can a Limited Company in Princes Risborough Use Micro-Entity Rules?

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, and they are not something a director can set aside because trading has been limited. Every company has an accounting reference date, usually set from its incorporation date, and that date shapes the first accounting period and the point at which accounts are generally due to be delivered to Companies House. The first period is often longer or shorter than twelve months, because it runs from incorporation to the company’s first accounting reference date rather than to a neat anniversary. That is one reason first year accounts catch directors out: the period does not always look like a normal financial year, and the figures may cover a stretch of time with very little activity in it. The accounts themselves typically include a balance sheet, and a profit and loss account where applicable, together with any disclosures required by the framework the company uses. Some companies can prepare simpler accounts under the micro-entity framework, which is based on FRS 105, the financial reporting standard that applies to qualifying entities using that framework. Others fall within small company or full reporting requirements. Whether a company qualifies depends on its circumstances and the applicable eligibility conditions for the relevant accounting period, so eligibility is always considered rather than assumed. A newly incorporated company is not automatically a micro-entity. It also helps to keep first year accounts separate from other obligations. A Corporation Tax Return such as a CT600 goes to HMRC and is a different filing with a different purpose, even though the accounting figures often inform it. A confirmation statement is separate again, and filing accounts does not replace it. Where a company has had minimal activity, its reporting position depends on the specific circumstances and the applicable rules rather than being treated as dormant by default. Directors in Princes Risborough remain responsible for making sure these obligations are met, and professional support is there to help with the preparation, review and filing of the information required.

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 Princes Risborough Prepared Correctly

If your company has recently been incorporated and you are unsure whether accounts are due, what the first accounting period covers, or how the figures should be presented, that uncertainty is normal — and it is easier to resolve early than after a deadline has passed. Micro Entity Accounts can assist with preparing your first year accounts from the records you hold, checking that the accounting treatment is appropriate for your circumstances, and handling delivery to Companies House where required, while keeping your separate Corporation Tax position and confirmation statement in view. Directors in Princes Risborough often find that a short conversation about accounting records and reporting frameworks removes most of the guesswork. If you would rather not work through first-year statutory accounts alone, professional support is a sensible place to start.

─── 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, starting from incorporation or from the date the company began trading, depending on the circumstances. They normally include a balance sheet and, where applicable, a profit and loss account, along with the disclosures required by the reporting framework the company uses. They are a legal filing obligation rather than an optional exercise.

When are first year accounts due?

The timing depends on your company's incorporation date and its accounting reference date, which is generally set from the incorporation date when a company is formed. The first accounting period may be longer or shorter than twelve months, and the filing deadline follows the applicable Companies House requirements for that period. Because the dates are company-specific, it is worth confirming your own position early rather than relying on a general rule of thumb.

What records do I need to prepare first year accounts?

Typically bank statements and transaction records, sales and income details, purchase invoices and business expenses, asset purchases, director loan or expense transactions, share capital information, and any loans or finance arrangements. Payroll and VAT records are relevant where the company operates those schemes. Not every company will have all of these — a company with limited activity may have a much shorter list — so we review what exists rather than asking for documents that do not apply.

Does a new limited company have to file accounts with Companies House?

Yes, in most cases a limited company has statutory accounts filing obligations, including where activity has been limited or trading has not yet begun. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules, and it should not be assumed to be dormant. Filing with Companies House is separate from any Corporation Tax filing and does not complete the company's other compliance requirements.

Are first year 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. The accounting figures prepared for the accounts are often used when working out the company's Corporation Tax position, but the two filings have different purposes and different destinations, and completing one does not complete the other. The company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details are up to date, and it is not replaced by filing accounts. Many companies in Princes Risborough need to deal with both, along with keeping Companies House informed of changes to directors, share information or registered office details.

Can a newly incorporated company use micro-entity accounts?

Some companies qualify for the micro-entity framework, which is based on FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Qualification depends on the applicable eligibility requirements for the relevant accounting period and on the company's individual circumstances. A new company is not automatically a micro-entity, and eligibility should be checked rather than assumed before accounts are prepared on that basis.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on factors such as how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is usually to bring the filing up to date. Where an appeal might be relevant, eligibility depends on the circumstances and the applicable rules, and we can explain the position honestly rather than promising an outcome.