─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in St Asaph, Prepared and Filed Properly

A company’s first set of statutory accounts sets the tone for everything that follows, and it is worth getting right from the outset. Micro Entity Accounts prepares First Year Accounts for Limited Company in St Asaph, working from the accounting records you hold to produce the balance sheet and, where applicable, the profit and loss account for your company’s initial accounting period. We review the figures with you, help establish which reporting framework fits your circumstances, and submit the accounts to Companies House where required. If the company also has Corporation Tax obligations, we can explain how a CT600 is prepared and filed with HMRC separately, because that is a distinct requirement with a different purpose and a different destination.

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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 When Does That Framework Apply?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. For a newly incorporated company, that period usually starts on the date of incorporation and ends on the company’s first accounting reference date, although the exact position depends on the incorporation date, the accounting reference date and how the company’s trading activity has developed. The length of a first accounting period can differ from later periods, which is one reason first year accounts are often treated as a separate exercise rather than simply a repeat of the annual process. These accounts are a statutory requirement rather than an optional document. A company may still have filing obligations even where it has had limited activity or has not yet commenced trading, and directors should not assume that a quiet first period removes the need to prepare and file anything. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules; a dormant position is not something to assume automatically. This is also where the micro-entity framework may come into play. Some companies qualify as micro-entities and can prepare accounts under the simplified micro-entity regime, with FRS 105 being the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on the applicable criteria for the relevant accounting period, and not every newly incorporated company will qualify simply because it is small, new or has low turnover. The appropriate framework is determined after looking at the company’s circumstances, and a small-company reporting framework may be the better fit in some cases. It is important to keep the first year accounts distinct from the company’s other compliance tasks. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is another separate obligation: it confirms the information held on the Companies House register, and filing accounts does not replace it. First year accounts do not automatically complete any of these other duties, and preparing them does not remove the need to keep proper accounting records, maintain the company’s register information or deal with any VAT or payroll obligations that apply. Throughout all of this, the directors remain responsible for making sure the company meets its statutory obligations, even where an accountant is engaged to assist with preparation and filing.

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 Company's First Set of Statutory Accounts Prepared Accurately

If your company has recently been incorporated, the first accounts deadline can feel unclear, particularly when you are still deciding what to record, which framework applies and what actually needs to be filed. Micro Entity Accounts provides professional preparation and Companies House filing support for newly incorporated and newly trading limited companies in St Asaph, so you can hand over your records, have the figures reviewed and understand what is being submitted on the company’s behalf. We will talk you through the reporting framework that suits your circumstances and keep the accounts work separate from any Corporation Tax or confirmation statement requirements, so nothing gets confused. Whether you have a full year of transactions or a very quiet first period, it is worth speaking to someone who deals with first year accounts regularly before the filing date approaches.

─── 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 annual accounts your company prepares for its initial accounting period. The accounts normally include a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and statements required by the reporting framework you use. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are my company's first accounts due?

There is no single answer, because the deadline depends on your company's incorporation date and its accounting reference date. Companies House sets the first accounting reference date automatically when a company is incorporated, and the first accounts period can be longer or shorter than the twelve months that later periods normally cover. Before the filing date is confirmed for your company, it is worth checking the specific dates attached to your own incorporation. We can review those dates with you and explain what applies to your circumstances.

What information do you need to prepare first year accounts?

It depends on what the company has been doing. Typical items include bank statements and transaction listings, sales and income records, business expense receipts and purchase invoices, details of any assets bought, share capital information, director transactions or loans, and any finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. Not every company will have all of these, and we will tell you what is actually needed once we understand your position.

Do newly incorporated companies in St Asaph have to file accounts with Companies House?

Where the company is required to file statutory accounts, yes, and that obligation applies from the first accounting period onwards. Having a low level of activity, or not having started trading yet, does not automatically remove the requirement. Whether a company can be treated as dormant, and what it needs to file in that situation, depends on its particular circumstances and the applicable rules rather than on a general assumption.

Are first year accounts the same as a CT600?

No, they are separate. 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 from the accounts are often used when preparing the tax position, but the two filings serve different purposes and go to different organisations. Completing one does not complete the other.

Can a new limited company qualify for micro-entity accounts?

Some companies do qualify for the micro-entity framework, and FRS 105 is the standard applicable to qualifying entities reporting under it, but eligibility is not automatic. It depends on whether the company meets the applicable criteria for the relevant accounting period. A small-company framework may be more appropriate in other cases. We look at your company's circumstances before recommending a framework, rather than assuming that every new company fits the same mould.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the information held about the company on the Companies House register, such as directors, shareholders and registered office details. It has its own filing cycle and its own requirements. Filing your first year accounts does not satisfy the confirmation statement, and the two should be tracked separately.

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. The outcome is not identical in every case and depends on the circumstances. Paying a penalty does not remove the requirement to file the outstanding accounts, and appeals against penalties are only possible where the eligibility conditions and applicable rules are met. If you are concerned about an overdue set of first year accounts, it is best to deal with it promptly rather than wait.