─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Sutton — Prepared and Filed the Right Way

The first set of statutory accounts is a defining piece of admin for any newly incorporated company, and it is often the point where directors in Sutton realise the numbers need to be right before anything is filed. Micro Entity Accounts supports limited companies through that first accounting period: reviewing the accounting records you hold, preparing a balance sheet and, where relevant, a profit and loss account, and delivering the statutory accounts to Companies House where required. We also help you understand how that filing sits alongside your separate obligations, including a Corporation Tax Return such as a CT600, which is submitted to HMRC rather than Companies House. Whether your company has traded fully, partially or not at all, the aim is straightforward, accurate first-year accounts and a clear view of what still needs to be done.

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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?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period usually begins on the date of incorporation and runs to the company’s first accounting reference date, although the exact period and the resulting Companies House filing deadline depend on the incorporation date, the accounting reference date and the applicable filing requirements — so they are not identical for every company. The accounts summarise the company’s financial position for that period, typically through a balance sheet and, where the reporting framework and circumstances require it, a profit and loss account, together with any notes and the required statements. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its statutory obligations, even where an accountant prepares or submits the accounts on the company’s behalf. A newly incorporated company in Sutton may also qualify for the micro-entity framework if it meets the eligibility conditions for the relevant accounting period; FRS 105 is the financial reporting standard that applies to qualifying entities reporting under that framework. Eligibility is not automatic, and a company with modest activity does not necessarily fall within it, so the appropriate framework should be assessed against the company’s circumstances before preparation begins. It is worth separating first-year statutory accounts from the other filings a company may face. The accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is prepared for HMRC and is a separate submission with its own purpose and destination, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is also a separate filing that keeps Companies House informed about the company’s officers, share capital and registered details. Filing first-year accounts does not, by itself, complete any of those other obligations.

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 Sutton Prepared Properly

Most directors approaching their first year end have the same questions: have I kept the right records, which reporting framework applies, and what actually needs to go to Companies House? Micro Entity Accounts works with newly incorporated and newly trading limited companies in Sutton to answer those questions practically rather than theoretically — reviewing your accounting records, preparing the statutory accounts and supporting the Companies House filing where required, with clear pricing and no hidden costs. If your company’s position is more unusual, perhaps limited activity, director loans, asset purchases or a first Corporation Tax Return alongside the accounts, we can help you identify what is relevant before deadlines matter. Getting in touch early, while the records are still fresh, is usually the simplest way to keep your first year of compliance on track.

─── 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 annual statutory accounts a company prepares, covering its initial accounting period. That period normally starts on the date of incorporation and ends on the company's first accounting reference date, though this can vary depending on the incorporation date and the accounting reference date assigned. The accounts usually include a balance sheet, and a profit and loss account where the applicable reporting framework and the company's circumstances require one, along with any necessary notes and statutory statements. They are prepared for the company's own filing obligations and delivered to Companies House where required.

When are first year accounts due?

The deadline depends on the company's accounting reference date and how its first accounting period falls, not on a single rule that applies to every new company. Companies House applies specific rules to first accounts, and those rules can result in a first filing period that differs from later years. Rather than relying on a general assumption, it is worth confirming the position for your own company, based on its incorporation date and accounting reference date, before the period end approaches. We can help you establish what applies to your company and plan the preparation work around it.

What information is needed to prepare first year accounts?

It depends on what the company has actually done during the period, but typical information includes bank statements and transaction records, sales invoices or income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director loans or other transactions with directors, finance agreements and, where applicable, payroll and VAT records. Companies that have traded very little will have far less to provide. The starting point is a clear picture of the company's bank activity and any income, costs or balances, and we will tell you what is relevant once we understand your circumstances.

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

A limited company generally has to file statutory accounts with Companies House where required, and that obligation is not removed by the company being new or having had limited activity. The first set of accounts is usually prepared for the initial accounting period and delivered to Companies House in line with the applicable requirements. Filing accounts with Companies House is not the same as submitting a Corporation Tax Return to HMRC, which is a separate submission, and it also does not replace a confirmation statement or any VAT or payroll obligations the company may have.

Are first year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and filed with Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. The two are separate filings with separate purposes. Accounting information from the accounts is often used when working out the company's Corporation Tax position, but filing one does not complete the other, and the company's first Corporation Tax accounting period may not necessarily match its statutory accounts period.

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

A company that has not started trading may still have statutory filing obligations, so the answer depends on the company's circumstances and the applicable rules rather than on activity levels alone. Having no significant accounting transactions does not automatically mean the company is dormant for filing purposes, and dormancy is a specific position with its own conditions. We can review what the company has and has not done during the period and explain which filings are likely to apply before anything is submitted.

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

Some newly incorporated companies do qualify for the micro-entity framework, and where they do, FRS 105 is the financial reporting standard that applies to qualifying entities reporting under it. Qualification depends on meeting the applicable eligibility requirements for the relevant accounting period, so it is not automatic for every startup, every company with low turnover or every new incorporation. Where a company does not qualify, a small-company framework or full reporting may be appropriate instead. We assess eligibility against your company's actual circumstances before deciding how the accounts should be prepared.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, which vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, and the accounts still need to be delivered. If a company believes it has a valid reason for late filing, appeal eligibility depends on the circumstances and the applicable rules. Getting accounts prepared early reduces the risk of running into these issues at all.