─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Swanley — Prepared, Explained and Filed With Professional Support

A company’s first set of statutory accounts often arrives sooner than directors expect, and it comes at a point when the business is still finding its shape. We help newly incorporated and newly trading limited companies in Swanley prepare their First Year Accounts for Limited Company, beginning with a proper review of the accounting records you hold — bank transactions, sales and expense records, asset purchases, director transactions and share capital details — so the figures in the accounts reflect what the company has actually done. From there we prepare the balance sheet and, where applicable, the profit and loss account, and support you with delivering those accounts to Companies House where required. If your company also has Corporation Tax obligations, a Company Tax Return such as a CT600 is a separate submission to HMRC with its own purpose and deadline, and we keep the two clearly apart so nothing is assumed to be covered when it is not.

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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 How Do They Work for New Limited Companies in Swanley?

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which normally begins on the incorporation date and ends on the accounting reference date set at Companies House. That first period is not always twelve months long — it can be longer or shorter depending on when the company was incorporated — so the period, and the filing deadline that follows from it, is specific to each company rather than fixed for every new business. The accounts are built from the company’s accounting records and are generally delivered to Companies House where required. This is a statutory obligation rather than an optional exercise, and it does not disappear because the company is new, has traded only lightly or has yet to start trading. Directors remain responsible for making sure the company meets its filing obligations, even when an accountant handles the preparation and submission. It is worth separating first year statutory accounts from other compliance tasks. A Corporation Tax Return, such as a CT600, is submitted to HMRC rather than Companies House, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is also separate — it confirms the company’s registered details with Companies House and is not a substitute for accounts. Filing the accounts does not complete the CT600, and filing a CT600 does not complete the accounts filing. Some companies may be eligible to prepare their accounts under the micro-entity framework using FRS 105, the financial reporting standard for qualifying micro-entities, which allows a simplified balance sheet and reduced disclosure. Eligibility depends on meeting the applicable conditions for the relevant accounting period, and it should be assessed on the company’s own circumstances. A newly incorporated company does not automatically qualify simply because it is new, small or has modest activity. Where micro-entity treatment is not available, another reporting framework may be the correct fit, and we advise on that before any figures are finalised.

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 Swanley Prepared Accurately

First-year accounts tend to land at an awkward moment. The company has only just got going, the records may still be sitting in a spreadsheet, a banking app or a shoebox of receipts, and it is rarely obvious which reporting framework applies or what Companies House expects to receive. Micro Entity Accounts works with directors of newly incorporated limited companies in Swanley to cut through that uncertainty — reviewing your accounting records, preparing the statutory accounts, walking you through the figures and supporting the Companies House filing where required, while keeping Corporation Tax, CT600 and confirmation statement obligations clearly separate. If your first accounting period has ended, or is approaching, it is worth getting professional support in place before the deadline becomes a problem rather than after.

─── 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 after incorporation, covering its initial accounting period. That period usually starts on the incorporation date and runs to the company's first accounting reference date, although the length of the first period can differ from a full twelve months. The accounts are prepared from the company's accounting records and generally need to be delivered to Companies House where required. They are separate from a Corporation Tax Return and from a confirmation statement.

When are my company's first accounts due?

There is no single date that applies to every new company. The deadline depends on the company's accounting reference date, its incorporation date and the rules that apply to first accounts, so a company incorporated early in the year may be working to a different date from one incorporated later. When you come to us, we check the company's Companies House record, confirm the accounting period that applies and set out the filing date you are working towards.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done since incorporation. Typical items include bank statements and transaction listings, sales or income records, purchase invoices and business expense receipts, details of assets bought, director loan and other loan balances, share capital information, and payroll or VAT records where those are relevant. A company with very little activity may need far less. The sensible starting point is a short conversation about what has happened in the company, followed by a look at the records you already hold.

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

Generally yes, where the company is required to file statutory accounts. A company does not escape its filing obligations simply because it has only recently been incorporated or has had limited activity. Where a company has had no significant accounting transactions, the reporting position depends on whether it meets the conditions to be treated as dormant and on the applicable rules — that is not something to assume. We can review the position and explain what actually needs to be filed.

Are first-year accounts the same as a CT600?

No, and it helps to keep them distinct. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A CT600 is a Company Tax Return submitted to HMRC as part of the company's Corporation Tax obligations, with its own purpose, destination and deadline. Information from the accounts often feeds into the tax return, but filing one does not complete the other, and the company's first Corporation Tax accounting period does not always match its statutory accounts period.

Can a newly incorporated company qualify for micro-entity accounts?

It may do, but not automatically. Micro-entity reporting under FRS 105 is available to companies that meet the applicable eligibility conditions for the relevant accounting period. Being newly formed, small or lightly active does not on its own guarantee that the framework applies. We assess eligibility against the company's circumstances and prepare the accounts under the framework that fits, which may be micro-entity, small company or another basis entirely.

Do I still need a confirmation statement alongside first-year accounts?

Yes, they are separate requirements. A confirmation statement is filed with Companies House to confirm that the company's registered information — directors, shareholders, registered office and similar details — remains accurate. It is not statutory accounts, and filing accounts does not replace it. Many directors in Swanley end up dealing with both in the same period, so it is worth tracking each obligation individually rather than treating them as one task.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, which may include penalties that increase the longer the accounts remain outstanding. The outcome is not identical in every case, and paying a penalty does not remove the requirement to file the outstanding accounts. If something has slipped, we can help you get the accounts prepared and filed, and discuss whether an appeal may be appropriate depending on the circumstances and the applicable rules.