─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tewkesbury Glos: Professional Preparation and Filing Support

Your company’s first statutory accounts are a milestone, not a formality, and they are prepared from a set of accounting records that may still be taking shape. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Tewkesbury Glos with the whole process: reviewing the records you hold, preparing a balance sheet and profit and loss account where applicable, and supporting the delivery of those accounts to Companies House where required. Because the first accounting period begins at incorporation and ends on the company’s first accounting reference date, it is often longer than later periods, and that can affect how the figures are put together. We also explain how Corporation Tax fits around this work, including the fact that a CT600 is submitted to HMRC separately and is not the same filing as your Companies House 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, and How Does Micro-Entity Reporting Fit In?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its opening accounting period. That period normally runs from the date of incorporation to the company’s first accounting reference date, although the exact length depends on when the company was formed and how the accounting reference date has been set. The accounts are prepared from the company’s accounting records and typically include a balance sheet, a profit and loss account where applicable, and supporting notes. For most companies, statutory accounts are delivered to Companies House where required, and directors remain responsible for making sure this happens, even when an accountant prepares the figures. It is worth separating this from the company’s other filings. A Corporation Tax Return such as a CT600 is submitted to HMRC, not Companies House, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a different filing again, keeping the company’s register information up to date rather than reporting financial results. VAT Returns, where a company is registered, are separate too. Some newly incorporated companies qualify to report under the micro-entity framework, which allows a simplified format, with FRS 105 being the reporting standard that applies to qualifying micro-entity entities. Others fall under the small company regime, and some do not qualify for either. Eligibility depends on the company’s circumstances and the applicable thresholds for the accounting period in question, so it is assessed rather than assumed. If you are running a new limited company in Tewkesbury Glos and are unsure which framework applies, that is a sensible point to take advice.

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.

Need Help With First Year Accounts for Limited Company in Tewkesbury Glos?

Many directors incorporate a company and only then realise that the first set of statutory accounts comes with its own set of questions: how long the first accounting period runs, how much detail the accounts need, which accounting framework applies, and what actually has to be filed with Companies House. Micro Entity Accounts works with limited companies in Tewkesbury Glos on exactly that first filing, from tidying up the underlying accounting records through to preparing the accounts and supporting their submission where required. If your bookkeeping is incomplete, if you are unsure whether micro-entity or small company reporting is appropriate for your company, or if you simply want the first year handled properly before later periods build on it, professional support at this stage is a practical step rather than an unnecessary one.

─── 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 limited company prepares, covering its opening accounting period. That period generally runs from the date of incorporation to the company's first accounting reference date. The accounts are built from the company's accounting records and usually include a balance sheet, a profit and loss account where applicable, and any notes required by the applicable reporting framework. Where required, the accounts are filed with Companies House, and the directors remain responsible for ensuring the company meets that obligation.

When are first-year accounts due?

The due date depends on the company's incorporation date and accounting reference date, so it is not the same for every company. Companies House treats a company's first accounts differently from later years' accounts, which is one reason it is worth checking your company's specific position rather than working from a general assumption. If your company is based in Tewkesbury Glos and you are unsure which date applies to you, we can review the company's details with you and confirm what needs to be filed and when.

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

It depends on what the company has actually done, but the starting point is a complete and accurate set of accounting records. That might include bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of asset purchases, share capital information, director loan transactions, and any loans or finance arrangements. Where the company runs payroll or is VAT registered, the relevant payroll and VAT records are needed as well. Companies with limited activity may hold far fewer records, and that is fine, as long as what exists is complete.

Does a newly incorporated company have to file accounts with Companies House even if it has not traded?

A company can still have statutory filing obligations even where activity has been minimal or trading has not started. Whether a company can file accounts in a dormant or simplified form depends on its circumstances and the applicable rules, and a company should not be described as dormant automatically just because there have been few or no transactions. The correct approach is to look at what has actually happened in the period and then determine the reporting position.

Are first-year accounts the same as a CT600 Corporation Tax Return?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The two serve different purposes and go to different places. Filing your accounts does not submit a CT600, and filing a CT600 does not complete your Companies House accounts filing. The figures in the accounts are often used as a starting point when preparing the company's Corporation Tax position, but the first Corporation Tax accounting period and the statutory accounts period may not necessarily be identical.

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

It may, but qualification is not automatic. Eligibility for the micro-entity framework depends on the company meeting the applicable criteria for the relevant accounting period, and FRS 105 is the financial reporting standard used by entities that qualify and choose that framework. A company that does not meet the criteria may instead fall within the small company regime, or may need to report under a fuller framework. We look at each company's circumstances before deciding which basis of preparation is appropriate.

Do first-year accounts replace the confirmation statement?

No, they are separate filings with different purposes. First-year statutory accounts report the company's financial position and performance for its opening period, while a confirmation statement confirms that the information held at Companies House about the company, such as its directors, registered office and share information, remains correct. A company may need to file both, and keeping the register information up to date is a continuing obligation rather than something the accounts deal with.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House consequences can follow, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, so the priority is always to get the filing completed. Where a penalty has been issued, whether an appeal is available depends on the circumstances and the applicable rules. If you are behind with a first-year filing, get in touch and we can look at the position with you.