─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in St Helens — Prepared and Filed with Professional Support

If you have recently incorporated a company, your first set of statutory accounts is one of the earliest formal deadlines you will face. First Year Accounts for Limited Company in St Helens involves more than putting figures into a template: the initial accounting period, the accounting reference date and the applicable reporting framework all shape what needs to be prepared. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies to review the underlying accounting records, prepare the statutory accounts and file them with Companies House where required. Where a company also has Corporation Tax obligations, those are dealt with separately through HMRC, and a CT600 is not the same filing as the accounts delivered to Companies House. Our role is to make the process clear, accurate and properly documented from the outset.

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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? A Guide for New Limited Companies in St Helens

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and ends on the company’s first accounting reference date, which Companies House sets when the company is formed. It is worth checking the exact dates on your company record, because a first accounting period can be longer or shorter than twelve months, and that affects what the accounts need to cover. Even a company that has only recently started trading, or has seen limited activity, may still need to prepare and file accounts. The fact that a company is new does not remove the filing obligation, and the first accounts are not optional simply because the company has a short trading history. The preparation work draws on the company’s accounting records — bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions, share capital details and any loans or finance arrangements. Where the company operates payroll or is VAT registered, those records form part of the picture too. From that information, the accounts are put together. A balance sheet is always required, showing the company’s assets, liabilities and shareholders’ funds at the period end. A profit and loss account is included where the applicable reporting framework requires one. Directors’ responsibilities also remain with the director, even when an accountant handles the preparation. Some companies may be eligible to report under the micro-entity framework, using FRS 105, the financial reporting standard applicable to qualifying micro-entity companies. Eligibility depends on the company meeting the relevant criteria for the accounting period in question, and it should be assessed rather than assumed. Plenty of newly incorporated companies do not qualify, and others may fall within the small-company regime instead. The right framework is a decision based on the company’s circumstances, not on how new it is. It is important to separate first year statutory accounts from other filings. The accounts, where required, are delivered to Companies House. A Corporation Tax Return such as a CT600 is submitted to HMRC, and the company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a third, separate filing that confirms the company’s registered information. Filing first year accounts does not complete any of those obligations for you. Each has its own purpose, destination and timing.

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 Prepared Accurately and Filed Correctly

The first set of accounts often raises more questions than any other filing: which period do they cover, which framework applies, what has to go to Companies House, and how does it connect to Corporation Tax. If you are unsure whether your records are complete or whether your company meets the criteria for micro-entity reporting, it is far easier to sort that out before the accounts are finalised. Micro Entity Accounts supports directors of newly incorporated limited companies with first year accounts preparation, a review of the records behind them and filing with Companies House where required. Because we work on these filings regularly, we can flag gaps early, explain what the figures mean and help you understand which other obligations — such as a CT600 or a confirmation statement — still sit separately with HMRC or Companies House.

─── 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 a company prepares, covering its initial accounting period. That period usually runs from the incorporation date to the company's first accounting reference date. Depending on the reporting framework that applies, the accounts will include a balance sheet and, where required, a profit and loss account, along with any notes needed. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are first year accounts due?

The deadline depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. Companies House generally allows a longer period for a first set of accounts than for later years, but the exact date should always be checked against your own company record rather than assumed. We can confirm the position for your company and work to that date.

What information is needed to prepare first year accounts?

It depends on what your company has done during the period. Typically we would look at bank statements and transactions, sales or income records, purchase invoices and expense receipts, details of any assets bought or sold, share capital information, director loans or other transactions, and any loans or finance agreements. Payroll and VAT records may also be relevant where those apply. If your records are incomplete, we can help you identify what is missing before the accounts are prepared.

Do new limited companies have to file accounts with Companies House?

In most cases, yes, a limited company is expected to prepare and file statutory accounts with Companies House where required, even if it has only recently been incorporated. Having limited activity or not yet having started trading does not automatically remove that obligation, and the position depends on the company's circumstances and the applicable rules. Directors of new companies in St Helens often assume nothing is due in year one, which is why it is worth checking early.

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

No. They are separate filings with different purposes and different destinations. 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 a Corporation Tax obligation. The two can draw on the same accounting information, but filing your accounts does not submit a Corporation Tax Return, and submitting a CT600 does not complete your Companies House filing.

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

It may do, if it meets the eligibility requirements for the relevant accounting period. Micro-entity status is not automatic for newly incorporated companies, and a low turnover alone does not confirm eligibility. Qualifying entities can use FRS 105, the financial reporting standard applicable to the micro-entity framework, which allows for simplified reporting. We assess eligibility based on your company's circumstances and confirm which framework is appropriate before preparation begins.

Do first year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement confirms that the information Companies House holds about your company is correct, while first year accounts report the company's financial position for its initial accounting period. Filing one does not satisfy the other, and a company may need to deal with both. It is worth keeping your registered details up to date at the same time as preparing your first accounts.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, which may include penalties that increase the longer the filing remains outstanding. Paying a penalty does not remove the requirement to file the accounts themselves. If your accounts are already overdue, the priority is to get accurate accounts prepared and submitted. Appeal eligibility depends on the circumstances and the applicable rules, so it is worth taking advice rather than assuming.