─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Sowerby Bridge, Prepared and Filed Properly

A company’s first set of statutory accounts is often the filing directors think about last, because there is so much else to sort out after incorporation. We prepare first year accounts for limited companies incorporated in Sowerby Bridge and elsewhere in the UK, working from the company’s own accounting records to produce a balance sheet and, where applicable, a profit and loss account and supporting notes that reflect what has genuinely happened since incorporation. The work usually starts with your records – bank transactions, sales and income information, expense receipts, purchase invoices, asset purchases, director loan movements and share capital details – so that the figures in the accounts can be supported rather than estimated. From there we prepare the statutory accounts under the reporting framework the company is eligible for, talk you through them, and deliver them to Companies House where required. Corporation Tax is a separate matter: a CT600 is submitted to HMRC, not to Companies House, and the company’s first Corporation Tax accounting period may not match the period covered by its statutory accounts exactly. Directors remain responsible for meeting the company’s filing obligations, and our role is to take the practical weight of preparation and submission off your desk.

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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 New Limited Companies in Sowerby Bridge?

First year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally runs from the date of incorporation to the company’s first accounting reference date. Companies House sets that accounting reference date automatically on incorporation, generally to the last day of the month in which the first anniversary of incorporation falls, and because the period starts at incorporation rather than at the start of a calendar year, a first accounting period is often longer than twelve months. Once the period ends, the company needs to prepare accounts for it and deliver them to Companies House where required. That obligation sits with the company and its directors and does not fall away because the company has been quiet, has had limited activity, or has not yet begun trading. Where a company has had no significant transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically described as dormant. It is worth confirming the position rather than assuming nothing is due. Some newly incorporated companies qualify to prepare micro-entity accounts. A micro-entity is a company that meets the eligibility conditions for the relevant accounting period, and where that applies the accounts are prepared under FRS 105, the financial reporting standard used by qualifying entities within the micro-entity framework. Eligibility is assessed on the company’s own figures and circumstances, so it should be checked rather than assumed – a low-turnover company is not automatically a micro-entity, and not every startup will qualify. Companies that fall outside the micro-entity thresholds may still be able to report as small companies, while others prepare accounts under the standard framework. The right framework is the one that matches the company’s eligibility for the period being reported. It also helps to be clear about what first year accounts are not. Statutory accounts are delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations, and although the figures in the accounts often inform the tax position, the two filings have different purposes and different destinations. Filing one does not complete the other. A confirmation statement is a further separate filing that keeps the public register up to date, and it is not satisfied by submitting accounts. Companies House does not approve accounts in any professional or regulatory sense – it receives and registers the documents that companies are required to deliver.

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 Sowerby Bridge Prepared Without Guesswork

Most directors dealing with a first accounting period are doing it for the first time, and the uncertainty usually is not about the trading itself – it is about what has to be sent where, and by when. If that sounds familiar, Micro Entity Accounts can review your records, prepare the statutory accounts for your initial period, and handle the Companies House filing where required, while being straightforward about the obligations that sit elsewhere, such as a Corporation Tax Return or a confirmation statement. We work on clear pricing, fixed-fee support and no hidden costs, and we will tell you plainly whether your company appears to meet the micro-entity eligibility conditions or needs a different reporting framework. Getting the first set of accounts right sets the pattern for every year that follows, so it is worth having someone who deals with newly incorporated companies every week check it before it goes on the register. Get in touch and we will explain what your company needs.

─── 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 covering a company's initial accounting period, which usually runs from the date of incorporation to the first accounting reference date. Depending on the framework that applies, they include a balance sheet and, where relevant, a profit and loss account and notes. They are prepared from the company's accounting records and delivered to Companies House where required. They are separate from a Corporation Tax Return submitted to HMRC and from a confirmation statement filed with Companies House.

When are first year accounts due?

There is no single date that applies to every company. The deadline depends on the incorporation date, the accounting reference date and the applicable Companies House requirements. Because a first accounting period often covers more than twelve months, first accounts deadlines are generally longer than those for later years, but the exact position varies from company to company. We can confirm the period your accounts need to cover and the date they are due once we have your company details.

What information is needed to prepare first year accounts?

Usually bank statements and transaction listings, sales and income records, business expense records and receipts, purchase invoices, details of any assets purchased, share capital information, director loan movements, and payroll or VAT records where those apply. A company with limited activity will have far less to provide than one that has been trading throughout. For directors in Sowerby Bridge and elsewhere, we set out a short, specific list based on how your company has actually operated rather than sending a generic checklist for everything.

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

Incorporating a company brings statutory filing obligations, and those are not automatically removed because trading has not started. Whether accounts need to be delivered and in what form depends on the company's circumstances and the applicable rules, and a company with minimal transactions should not simply be assumed to be dormant. It is safer to check your position than to let a filing date pass unnoticed.

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 the company has Corporation Tax obligations. The figures in the accounts are often useful when preparing the tax position, and the company's first Corporation Tax accounting period may not line up exactly with the period covered by the statutory accounts, but they are distinct filings with separate purposes and separate destinations.

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

Some do, but qualification is not automatic and it is not based on the company being new or small in headcount. Micro-entity eligibility depends on meeting the applicable conditions for the relevant accounting period, and where a company qualifies, its accounts are prepared under FRS 105. Companies that do not qualify may still report as small companies, or may need the standard framework. We assess this as part of preparing the accounts rather than assuming a framework at the outset.

Do first year accounts need a confirmation statement?

They are two different filings. A confirmation statement confirms that the information on the public register - directors, shareholders, registered office and similar details - remains accurate, and it is a separate requirement from delivering accounts. Filing first year accounts does not satisfy the confirmation statement obligation, and filing a confirmation statement does not complete the accounts. Newly incorporated companies often need to keep an eye on both.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include late filing penalties, and the position generally worsens the longer a filing remains outstanding. Paying a penalty does not remove the requirement to file the accounts. If your accounts are already overdue, we can help get the outstanding statutory accounts prepared and remind you of what else may need attention. Whether a penalty appeal is appropriate depends on the circumstances and the applicable rules.