─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Southampton: Professional Preparation and Filing Support

If your company has recently been incorporated, its first set of statutory accounts is one of the earliest significant compliance tasks you will deal with. We help directors of newly incorporated and newly trading limited companies in Southampton with First Year Accounts for Limited Company reporting periods — reviewing the accounting records you hold, preparing the balance sheet and, where applicable, a profit and loss account, and then supporting the filing of those accounts with Companies House where required. It is worth keeping in mind that Corporation Tax is a separate matter: a company may also need to prepare and submit a CT600 to HMRC, and the two filings have different purposes and different destinations. Whether the first accounting period has been busy or relatively quiet, the objective is accounts that are accurate, complete and prepared under the framework that applies to your company.

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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 300 reviews 
    
 
 
 
   
 
 
       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 .
  
 
      Posted on Google  
   
   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
      Posted on Google  
   
   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
      Posted on Google  
   
   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
      Posted on Google  
   
   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

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? Understanding First Statutory Accounts in Southampton

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. When a company is incorporated, Companies House records an accounting reference date for it, and the first accounting period generally runs from incorporation — or from the date the company began trading, depending on its circumstances — through to that reference date. The first period is frequently longer than twelve months, which is one reason the first set of accounts does not always follow the same rhythm as later years. It is worth confirming your own company’s accounting reference date and accounting period rather than assuming a standard pattern applies. These accounts are not optional simply because the company is new. Directors remain responsible for keeping adequate accounting records and for making sure the company meets its statutory obligations, and the first-year statutory accounts are generally delivered to Companies House where required. Companies House does not prepare the accounts and it does not approve them in any professional or regulatory sense — it receives and registers them. Several other obligations are often confused with this one. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate filing with a separate purpose. The first Corporation Tax accounting period and the statutory accounts period are not necessarily identical. A confirmation statement is separate again, confirming the company’s registered details rather than reporting financial results, and filing accounts does not replace it. Directors of newly incorporated companies in Southampton sometimes assume a micro-entity framework applies automatically. It does not. A company may be able to report under the micro-entity framework, prepared under FRS 105, if it meets the eligibility conditions for the relevant accounting period, but eligibility depends on the company’s size, turnover, balance sheet total, employee numbers and other applicable criteria. The appropriate framework should be confirmed before preparation begins. Where a company has had little or no activity, its reporting position depends on its particular circumstances and the applicable rules rather than being automatically treated as dormant.

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 Southampton — Professional Preparation, Straightforward Filing

If your first accounting period is approaching and you are unsure which figures are needed, which reporting framework applies to your company, or how the Companies House filing fits alongside everything else, that uncertainty is very common among first-time directors. Micro Entity Accounts assists limited companies with preparing statutory accounts, reviewing the accounting records behind them and supporting the filing process, with clear pricing and no hidden costs. We will explain what information we need, point out anything missing from your records, and help you understand how the accounts sit alongside any separate Corporation Tax or confirmation statement obligations your company may have. Getting the first set of accounts prepared properly sets a reliable foundation for the years that follow, and professional support at this stage makes the process considerably more manageable.

─── 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 accounts a company prepares for its initial accounting period, covering the period from incorporation (or from when trading began, depending on the company's circumstances) up to its accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account and supporting notes, and they are generally filed with Companies House where required. They are prepared from the company's accounting records and should reflect the framework the company is eligible to use.

When are my company's first accounts due?

The timing depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not something to estimate from a general rule of thumb. The first accounting period often runs for longer than twelve months, which is why the first filing date does not always follow the same pattern as later years. Check the accounting reference date and filing deadline shown on your Companies House record, or ask us to confirm what applies to your company.

What information do I need to prepare first-year accounts?

It depends on what the company has done during the period. Commonly needed records include bank transactions and statements, sales and income records, purchase invoices and business expenses, details of any assets bought, director transactions and loans, share capital information, and any payroll or VAT records where those apply. If some of these are missing or incomplete, that is not unusual in a first year — we can review what you have and explain what else is needed.

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

Where the company is required to file statutory accounts, yes — being newly incorporated does not remove that obligation, and it applies even where the company's activity has been limited. Companies House receives and registers the accounts; it does not prepare them, and it does not professionally or regulatorily approve them. Filing accounts with Companies House is also not the same as submitting a Corporation Tax Return to HMRC, which is a separate requirement where it applies.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and generally delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. Information from the accounts may be used when working out the company's tax position, but the two filings have different purposes and go to different destinations, and completing one does not complete the other. The first Corporation Tax accounting period may also differ from the statutory accounts period.

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

It may be able to, but not automatically. Micro-entity reporting under FRS 105 is available to entities that meet the applicable eligibility conditions for the relevant accounting period, which depend on factors such as turnover, balance sheet total and employee numbers. A new company with low activity does not qualify simply because it is small or newly formed. The right framework should be confirmed against your company's own circumstances before the accounts are prepared.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details, such as directors, shareholders and registered office, are up to date. It does not report financial results, and filing first-year accounts does not remove the need to submit one where it is due. Directors of companies in Southampton often deal with both around the same period, so it helps to track them as distinct obligations.

What happens if first-year accounts are filed late?

If required accounts are delivered after the applicable deadline, Companies House can apply late filing consequences, and the outcome depends on how late the accounts are and the company's circumstances rather than being identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. Where there is a genuine reason for the delay, appeal eligibility depends on the circumstances and the applicable rules. Directors remain responsible for ensuring the filing is made, even when an accountant is engaged to help prepare it.