─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Southmoor, Prepared and Filed by Specialists

The first set of statutory accounts is the one that shapes every later filing, and it is often the one directors feel least sure about. If you have recently incorporated a company in Southmoor, Micro Entity Accounts can prepare your First Year Accounts for Limited Company, work through the accounting records behind them and deliver them to Companies House where required. We start by confirming the period the accounts must cover, using the company’s incorporation date and accounting reference date, then prepare a balance sheet and, where applicable, a profit and loss account under the reporting framework your company is eligible to use. Where Corporation Tax applies, that side of things is handled separately through HMRC, and we will explain how the figures in your accounts feed into that process without the two filings being confused. Directors remain responsible for the company’s statutory obligations, but the preparation and filing work does not have to sit with you.

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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, and How Do They Apply to Limited Companies in Southmoor?

First Year Accounts for Limited Company are the first set of annual statutory accounts your company prepares for its initial accounting period. They are not optional paperwork triggered by trading, sales or profit — they follow from incorporation and from the accounting reference date Companies House assigns when the company is formed. For a company in Southmoor, that first accounting period normally runs from the date of incorporation to the first accounting reference date, which is commonly the last day of the month in which the company was incorporated, twelve months on. The first period is often longer than a standard twelve-month year, and Companies House measures the filing deadline from the company’s own accounting reference date rather than from the date the company started trading. The accounts usually include a balance sheet and, where the applicable framework calls for it, a profit and loss account, along with any notes and the directors’ responsibilities that apply to your company. Once the accounts are finalised, they are delivered to Companies House where required. That is a separate exercise from a Corporation Tax Return such as a CT600, which is submitted to HMRC, and from the confirmation statement, which is a Companies House filing in its own right and does not replace the accounts. Where a company meets the applicable eligibility requirements — generally assessed against turnover, balance sheet total and employee numbers for the relevant period — it may be able to report under the micro-entity framework using FRS 105, the standard that applies to qualifying entities using that framework. Eligibility has to be considered for each company and each period, so it is worth confirming your position before accounts are drawn up. Not every newly incorporated company qualifies, and not every first set of accounts is prepared on the same basis.

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 Southmoor Prepared Correctly the First Time

Most directors of a newly incorporated company are not short of information about what they must file — they are short of certainty about whether their own figures, records and framework are right. That uncertainty tends to sit around a few practical questions: which accounting period applies, which reporting framework the company can use, what Companies House expects to see in a first set of accounts, and where the line sits between that filing and anything due to HMRC. Micro Entity Accounts can take the preparation and filing of those accounts off your hands, starting with a review of your accounting records and a check of your company’s incorporation details and accounting reference date. If something in your records is incomplete, we will tell you plainly what is needed rather than leaving it to the last minute. If you are running a limited company in Southmoor and would rather have your first statutory accounts prepared and filed with professional support, get in touch and we will talk you through your position.

─── 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 limited company prepares for its initial accounting period. The period usually starts on the date of incorporation and ends on the company's first accounting reference date. The accounts typically include a balance sheet, and a profit and loss account where the applicable reporting framework requires one, together with any supporting notes. They are prepared from the company's accounting records and delivered to Companies House where required.

When do a company's first accounts have to be filed?

The date depends on your company's first accounting reference date, which is set when the company is incorporated. Companies House measures the filing deadline from that date, and a first set of accounts is normally given a longer window than accounts for later years. Because the exact date varies from company to company, it is best to confirm it from your own incorporation details rather than working from a general rule, and we check the specific position before any accounts are prepared.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done since incorporation. In most cases we would look for bank statements and transactions, details of any income and expenses, purchase invoices, records of assets bought for the business, director loan activity, share capital details and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records are relevant too. If some of that does not exist because the company has been quiet, we will work with what is available and explain what else is needed.

Does a new limited company have to file accounts with Companies House even if it has not started trading?

Incorporation brings statutory filing obligations with it, so a company that has not yet begun trading may still have accounts to prepare and file for its first period. Whether it can be treated as dormant for Companies House and HMRC purposes is a separate question and depends on whether there have been any significant accounting transactions, which is not something to assume simply because activity has been limited. We can help you establish which position applies to your company in Southmoor.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. They are two different filings with two different destinations. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures in your accounts are often used when preparing the tax position, but filing one does not complete the other. It is also worth noting that a company's first Corporation Tax accounting period and its statutory accounts period do not always line up exactly.

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

Some new companies can, but it is not automatic and it should not be assumed. Eligibility for the micro-entity framework is generally assessed against turnover, balance sheet total and employee numbers for the relevant period, so it depends on the company's own circumstances. Where a company does qualify, accounts can be prepared under the micro-entity framework using FRS 105. If it does not, another framework may be more appropriate, and we will confirm which applies before preparation begins.

Are first-year statutory accounts the same as annual accounts?

They are the same type of filing — the first set simply covers the company's initial accounting period, which is often longer or shorter than a normal twelve-month year. Everything that follows is prepared on the same principle but for a standard accounting period. The distinction matters mainly for working out which dates apply and how the first period is presented.

What happens if first-year accounts are filed late?

Failing to deliver accounts to Companies House by the applicable deadline can lead to consequences, and those consequences can vary depending on how late the filing is and the company's filing history. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If you think a deadline has already passed, it is worth getting the position reviewed quickly rather than waiting. We can help you understand where your company stands and what the next practical step is.