─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tenbury Wells, Prepared and Filed With Professional Support

For a newly incorporated company, the first set of annual accounts is often the point where statutory reporting stops feeling theoretical. It is the first time the directors must pull together a full accounting period, present it in the correct format and deliver it to Companies House where required. Micro Entity Accounts works with limited companies in Tenbury Wells to prepare those first-year statutory accounts properly — reviewing the accounting records behind them, identifying the reporting framework that fits the company’s circumstances and handling the filing side so nothing is left half-finished. We also make clear where the boundaries sit: a Corporation Tax Return such as a CT600 is a separate submission to HMRC, a confirmation statement is a separate Companies House filing, and neither is completed simply because the accounts have been filed.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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 Does That Apply to Your Tenbury Wells Limited Company?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not a trial run and they are not optional simply because the company is new. Once a company is incorporated, it has reporting obligations, and the first accounting period normally begins on the date of incorporation and ends on the company’s first accounting reference date. That reference date is set when the company is incorporated, which is why two companies incorporated a few weeks apart can end up with different first accounting periods. The length of that first period is not always twelve months, and the filing deadline is calculated from the accounting reference date rather than from the date the company started trading. What the accounts typically contain depends on the framework used. Most companies prepare a balance sheet, and many also prepare a profit and loss account, along with notes and a directors’ report where the applicable framework requires them. The figures come from the company’s accounting records: bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, share capital details, director transactions, loans and any other supporting documents that are relevant to the period. A company that has had very limited activity may have a much shorter set of records, but the reporting position still depends on its own circumstances and the applicable rules rather than being assumed to be dormant. The term micro-entity accounts is frequently used because the micro-entity framework is a simplified reporting option available to companies that meet the eligibility requirements for the relevant accounting period. It is not an automatic label for every new company, and a company with low turnover does not necessarily qualify. Where a company does qualify, FRS 105 is the financial reporting standard applicable to micro-entity entities, and it allows a more condensed format. Whether that framework is appropriate is a decision that should be made after looking at the company’s circumstances, not assumed at incorporation. It is also worth separating three things that are often confused. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and serves a different purpose — although the accounting information behind the accounts may feed into it, the two filings go to different places. A confirmation statement is a third, separate obligation, confirming that the information Companies House holds about the company remains accurate. Filing first-year accounts does not discharge the confirmation statement, and it does not submit a CT600. Directors remain responsible for making sure each obligation is met, even where an accountant has been engaged to help prepare and file the information.

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 Tenbury Wells Prepared Accurately

If your company has recently been incorporated or has just completed its first period of trading, the uncertainty usually is not about whether accounts are needed — it is about what the first accounting period should cover, which records are relevant and which reporting framework actually applies. Micro Entity Accounts can help you work through those questions and take the preparation and Companies House filing side off your desk, with clear pricing and no hidden costs. We will look at your incorporation date, accounting reference date and the records you hold, then prepare the accounts on a basis that reflects your company’s circumstances. If you are a director in Tenbury Wells and would rather have your first statutory accounts handled properly from the start, get in touch and we can talk through what is involved for your company.

─── 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 for its initial accounting period, covering the period from incorporation up to its first accounting reference date. They normally include a balance sheet, and a profit and loss account and notes where the applicable framework requires them, along with a directors' report in some cases. The accounts are prepared from the company's accounting records and are delivered to Companies House where required.

When are my company's first accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, which is set at incorporation. The filing period runs from the accounting reference date rather than from the date the company began trading, so the answer is not the same for every new company. If you tell us your company's dates, we can confirm the position for your specific first accounting period.

What information do I need to give you to prepare first-year accounts?

It varies, but typically we would look at bank transactions and statements, sales and income records, purchase invoices, business expense receipts, details of any assets bought for the company, share capital information, director loan movements and any finance agreements. If the company runs payroll or is VAT registered, the relevant records would also be needed. Companies with very little activity will usually have a much smaller set of documents to provide.

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

In most cases yes, although the exact position depends on the company's circumstances and the applicable requirements. Having limited activity or not yet having started trading does not automatically remove the obligation to deal with statutory reporting. It also does not automatically mean the company is dormant — that is a separate question that depends on whether the company has had any significant accounting transactions.

Are first-year accounts different from the annual accounts filed later on?

They follow broadly the same principles, but the first set is different in one important way: the first accounting period is often longer than twelve months and is set by the company's incorporation date and accounting reference date. Later accounting periods usually run for twelve months. Both are statutory accounts prepared under the accounting framework that applies to the company.

Are first-year accounts the same as a CT600?

No. First-year accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The accounting information behind the accounts is often used when preparing the company's Corporation Tax position, but the two filings have different purposes and different destinations. Completing one does not complete the other.

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

It can, but only if it meets the eligibility requirements for the relevant accounting period — it is not automatic, and a company with low turnover does not necessarily qualify. Where a company does qualify and chooses to use that framework, FRS 105 is the financial reporting standard applicable to qualifying micro-entity entities. We look at eligibility as part of preparing the accounts rather than assuming the answer at the outset.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If a company in Tenbury Wells finds itself in that position, we can help bring the filing up to date and explain what options may be available.