─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Sunninghill — Prepared, Reviewed and Filed

Your company is incorporated, your first accounting reference date is approaching, and at some point the first set of statutory accounts has to be prepared and delivered to Companies House. For directors in Sunninghill running a newly incorporated or newly trading limited company, that first set of accounts tends to raise more questions than any set that follows, mainly because the initial accounting period rarely fits the tidy twelve-month pattern of later years. This is where we can help. Micro Entity Accounts works with directors to pull together the accounting records, prepare the statutory accounts, review the figures with you and file those accounts with Companies House where required. First Year Accounts for Limited Company in Sunninghill is not simply a form-filling exercise — getting the opening period right makes the following years far easier to manage. If the company also has Corporation Tax obligations, we can help make sure the figures in the accounts are consistent with the separate CT600 that may need to be submitted to HMRC. That return is a distinct requirement with its own purpose and its own destination, and we treat it as such. Whether you run a consultancy, a contracting company, a property or ecommerce business, or a company that has not yet started trading, we look at your circumstances, explain what is required and quote clearly in advance, with transparent fees and no hidden costs.

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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 Sunninghill Directors

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period normally begins with the incorporation date and ends on the company’s first accounting reference date, which Companies House sets when the company is registered. Because the first period is often longer than twelve months, it can be shorter or longer than a normal financial year, and the figures may cover a stretch of time that does not match your expectations. These are statutory accounts, not optional paperwork. Once a company is incorporated it has accounts obligations, and first-year accounts are generally filed with Companies House where required. That does not change simply because the company is new, has not started trading or has had very limited activity. Where a company has had few or no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than automatically making it dormant — the two are not the same thing, and treating them as the same can create problems later. A set of statutory accounts typically includes a balance sheet and, where applicable, a profit and loss account, along with any notes and statements the chosen reporting framework requires. The information comes from the company’s accounting records: bank transactions, sales and income records, purchase invoices and expenses, asset purchases, director transactions, share capital details, loans, and payroll or VAT records where those apply. The directors remain responsible for ensuring the company meets its obligations, even when an accountant prepares or files the accounts on the company’s behalf. Micro-entity reporting is an option for some companies, not a default. A company may qualify for the micro-entity framework if it meets the eligibility requirements for the relevant accounting period, and some companies instead fall within the small-company regime. Where micro-entity reporting applies, FRS 105 is the financial reporting standard used by qualifying entities, and it can simplify what the accounts include. Eligibility needs to be considered for each company and each period, so the correct framework should be confirmed rather than assumed. It is also worth being clear about what first-year accounts are not. They are not a Corporation Tax Return. A CT600 is submitted to HMRC where a company has Corporation Tax obligations, and it is a separate filing from the accounts delivered to Companies House. The company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is separate again, confirming that the company’s details at Companies House are up to date, as are VAT Returns and day-to-day bookkeeping. Filing one does not complete the others, and each has its own requirements 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 for Limited Company in Sunninghill Right From the Start

Most directors only realise how much detail sits behind the first set of accounts once the accounting reference date has passed and the records need to be pulled together in a hurry. If you are unsure which reporting framework applies to your company, what the accounts should include, or how the Companies House filing fits alongside a possible CT600, you are not alone — first-year accounts are unfamiliar to almost everyone the first time round. Micro Entity Accounts can help by reviewing your records, preparing the statutory accounts, explaining the figures and supporting the filing with Companies House where required. It is a far more straightforward process when someone who deals with newly incorporated companies regularly is guiding it, and a clearer first year makes every year after it easier to manage.

─── 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. That period starts around the incorporation date and ends on the company's first accounting reference date, and it is frequently longer than twelve months. The accounts normally include a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework the company uses. They are the first statutory accounts rather than a general summary, and they set the pattern for every set of accounts that follows.

When are my company's first accounts due?

It depends on the company. Companies House sets a first accounting reference date on incorporation, and the accounting period and filing deadline are worked out from that date rather than from a single rule that applies to everyone. Companies House publishes guidance on how the deadline is calculated, so it is worth checking your own company record instead of relying on a rule of thumb. If you are unsure what applies to your company in Sunninghill, we can look at the incorporation date and accounting reference date with you and confirm the position.

What information is needed to prepare first year accounts?

In practice, we need the company's accounting records for the period. Depending on the company's circumstances, that may include bank transactions and statements, sales and income records, purchase invoices and business expenses, asset purchases, director transactions and loans, share capital details, and payroll or VAT records where those apply. A newly incorporated company may have very few of these items, which is perfectly normal — we work with what exists and let you know if anything further is needed.

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

Yes. Once a company is incorporated it has statutory accounts obligations, and first-year accounts are generally delivered to Companies House where required. That does not switch off because the company is new, has not yet started trading or has had limited activity. What the company actually reports depends on its circumstances and the applicable rules, so a company with minimal activity should confirm its position rather than assume there is nothing to do.

Do first year accounts still need to be prepared if the company has not traded?

The reporting position often still needs to be addressed even where activity has been minimal, but the answer depends on the company's specific circumstances and the applicable rules. Having no significant accounting transactions is not automatically the same as being dormant, and the two can lead to different reporting outcomes. The practical approach is to review what the company has actually done since incorporation and confirm what needs to be filed on that basis.

Are first year accounts the same as a CT600 or a confirmation statement?

No, these are three separate matters. First-year statutory accounts are prepared for the company and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation — a separate filing with a separate purpose and destination. A confirmation statement is separate again and confirms that the company's details at Companies House are up to date. Filing one does not complete the others, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify to report under the micro-entity framework, but not all of them, and eligibility has to be checked against the applicable requirements for the relevant accounting period. Others may fall within the small-company regime instead. Where micro-entity reporting applies, FRS 105 is the financial reporting standard used by qualifying entities, and it can simplify what the accounts include. The important step is establishing the correct framework for your company rather than assuming one applies.

What happens if first year accounts are filed late?

Filing accounts after the applicable deadline can lead to consequences from Companies House, which may include a late filing penalty. The consequences are not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is usually best to deal with them promptly. Where a company believes there were valid reasons for the delay, appeal eligibility depends on the circumstances and the applicable rules.