─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in St Ives — Professional Preparation and Filing Support

Your company’s first accounting period sets the pattern for everything that follows, and the statutory accounts prepared for it need to reflect what actually happened in the business. First Year Accounts for Limited Company support in St Ives covers the practical work: reviewing your accounting records, preparing a balance sheet and, where applicable, a profit and loss account, and delivering the statutory accounts to Companies House where required. Directors remain responsible for the information that is filed, so we work through the figures and disclosures with you rather than simply handing over a document. Where the company also has Corporation Tax obligations, that is a separate matter for HMRC — accounts filed at Companies House are not a substitute for a CT600, and a CT600 does not replace the accounts.

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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 Practical Guide for New Limited Companies in St Ives

First-year accounts, sometimes called first statutory accounts or new limited company accounts, are the initial set of annual accounts prepared for a company’s first accounting period. That period begins on the incorporation date and ends on the company’s first accounting reference date. It can run for more than twelve months or for less than twelve months, depending on when the accounting reference date falls and whether it has been changed, so two companies incorporated a few weeks apart may not share the same period end. The accounts are prepared from the company’s accounting records and normally include a balance sheet, and a profit and loss account where applicable, together with the notes and statements required by the reporting framework in use. Once finalised, they are delivered to Companies House where required. Filing them does not discharge the company’s other obligations: a confirmation statement may still need to be submitted separately, and where a limited company has Corporation Tax obligations, a CT600 is submitted to HMRC rather than to Companies House. The company’s first Corporation Tax accounting period and its statutory accounts period are not necessarily identical. Some newly incorporated limited companies in St Ives qualify for the micro-entity accounting framework, which allows a simplified set of accounts, and FRS 105 is the financial reporting standard applicable to qualifying entities within that framework. Eligibility is not automatic — it depends on whether the company meets the applicable conditions for the relevant accounting period — so a company that does not qualify may report under the small-company framework or under full reporting requirements instead. Establishing which framework applies is one of the first practical steps in preparing first-year accounts.

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 St Ives Prepared Accurately and Filed on the Correct Basis

If your company was incorporated recently and the first accounting period is drawing to a close, the uncertainty is usually not about bookkeeping — it is about what has to be prepared, in which format, and where it needs to go. Micro Entity Accounts supports directors of newly incorporated limited companies in St Ives with first-year accounts, from assessing which reporting framework applies through to preparing the statutory accounts and filing them with Companies House where required. Directors stay responsible for the company’s compliance, but you do not have to work out the content, format or filing route on your own. Send us your incorporation details and the accounting records you hold, and we will set out clearly what your first period requires.

─── 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 after incorporation, covering its initial accounting period rather than a full twelve months in every case. They normally include a balance sheet, and a profit and loss account where applicable, plus the notes required by the reporting framework the company uses. They are distinct from other compliance filings: statutory accounts are delivered to Companies House where required, a Corporation Tax Return such as a CT600 is submitted to HMRC, and a confirmation statement simply confirms that the company's registered details remain up to date.

When are first accounts due at Companies House?

The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House filing rules, so there is no single deadline that applies to every newly incorporated company. The accounting reference date is generally set from the incorporation date, and the first period can be longer or shorter than twelve months. Rather than assume a date, it is worth checking the company's record at Companies House and confirming the position early, particularly for directors in St Ives who incorporated during a busy trading period.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period: bank statements and transactions, sales and income records, purchase invoices and business expenses, details of assets bought or sold, share capital information, and loans or director transactions. Payroll and VAT records matter where those apply. Not every company will have all of these. A company with limited activity may only have incorporation costs and share capital movements, which is fine — the accounts still need to reflect what genuinely took place.

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

In most cases, yes. A newly incorporated company generally has to prepare and file statutory accounts for its first accounting period, and that obligation is not triggered purely by starting to trade. There are limited exceptions and specific reporting positions for some companies, and the correct treatment depends on the circumstances. If you are unsure how the rules apply to your company, it is worth confirming the position rather than assuming no accounts are required.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and filed at Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC for a different purpose. A limited company may well have Corporation Tax obligations in addition to its accounts filing, and the figures from the accounts often feed into that work, but completing one filing does not complete the other. The first Corporation Tax accounting period and the statutory accounts period are not always the same length either.

Do we still need to file first-year accounts if the company has not traded?

A company that has not yet commenced trading may still have a statutory accounts filing obligation at Companies House. Whether a company is dormant for other purposes is a separate question that depends on its circumstances and the applicable rules, and a company with no significant accounting transactions is not automatically dormant. Where the position is unclear, it is usually sensible to check before the filing window closes rather than after.

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

Some newly incorporated companies qualify for the micro-entity framework and some do not. Eligibility depends on meeting the applicable conditions for the relevant accounting period and is assessed on the company's own position rather than its age. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework; it does not apply to every new company automatically. Where a company does not qualify, small-company or full reporting requirements may apply instead.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties. How those apply depends on the length of the delay and the rules in force at the time, and paying a penalty does not remove the requirement to file the outstanding accounts. Where a director considers there is a valid reason for the delay, whether an appeal is available depends on the circumstances and the applicable rules — but the priority is normally to get the accounts prepared and filed.