─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Thames — Accurate Preparation, Straightforward Filing

A newly incorporated company still has statutory reporting duties, and the first set of accounts is usually the point at which directors notice them. Micro Entity Accounts prepares First Year Accounts for Limited Company directors across Thames, beginning with a review of your accounting records and a check of your incorporation date and accounting reference date so the correct accounting period is used. We then build the accounts — including the balance sheet, and a profit and loss account where applicable — under the reporting framework that fits your company’s circumstances, and support you with delivering them to Companies House where required. If your company also has Corporation Tax obligations, the CT600 is a separate submission made to HMRC, and we can help keep both strands of compliance moving together.

🔥 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? A Guide for New Limited Companies in Thames

First year accounts are the first set of annual statutory accounts a limited company prepares after it is incorporated. They cover the company’s initial accounting period, which normally starts on the date of incorporation and ends on the company’s first accounting reference date. Companies House sets that reference date when the company is formed, and the first period can therefore run for a little longer than a standard twelve-month year, although it can also be shortened in some circumstances. The dates that matter are the ones recorded for your own company, not a general assumption. Preparing statutory accounts is a legal duty for a UK limited company, and being recently incorporated does not remove it. A company that has traded only lightly, or has not yet started trading at all, may still have accounts to prepare and deliver to Companies House where required. If a company has had no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant. Some companies are eligible to prepare accounts under the micro-entity framework, and where they are, FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Micro-entity eligibility is not automatic and does not follow from being new, small or quiet — it depends on whether the company meets the applicable criteria for the relevant accounting period, so the right framework should be confirmed before the accounts are drawn up. It also helps to keep the filings apart. First year statutory accounts go to Companies House where required. A Corporation Tax Return, such as a CT600, goes to HMRC, and the company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a separate Companies House filing again, and it does not replace the accounts. Directors in Thames who engage us often find that mapping these obligations out early makes the whole first year far easier to manage.

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 Prepared Properly and Filed Where Required

Many directors incorporate a company and only later realise how much depends on getting the first set of accounts right: the accounting period, the reporting framework, the records behind the figures and the delivery to Companies House. If you are unsure which framework applies to your company, what your accounting reference date means, or how your accounts filing sits alongside a separate CT600 for HMRC, that uncertainty is worth resolving early rather than at the point a deadline is already passing. Micro Entity Accounts provides fixed-fee support with first-year accounts preparation and filing for eligible UK limited companies, including directors in Thames who want the figures checked, the disclosures handled and the submission made on the correct basis. Send us your incorporation details and the records you hold, and we will explain clearly what is needed next.

─── 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 after incorporation, covering the initial accounting period. That period generally runs from the date of incorporation to the company's first accounting reference date, although the exact dates depend on the company itself and whether the reference date has been changed. The accounts typically include a balance sheet and, where applicable, a profit and loss account, prepared under the reporting framework the company is eligible to use.

When are first-year accounts due?

There is no single deadline that applies to every company. Your due date depends on your incorporation date, your first accounting reference date and the type of company you have. First accounts are usually measured from the incorporation date rather than from the accounting reference date, so the first filing window can be longer than the ones that apply in later years. The reliable way to check is to look at the dates recorded for your own company at Companies House, and we can confirm what those dates mean for your filing.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period. Typically we would look at bank transactions, sales and income records, business expenses and purchase invoices, any asset purchases, director transactions and loans, share capital details, and payroll or VAT records where those apply. Not every company will have all of these. If the company has been largely inactive, we will work with whatever records exist and explain what still needs to be reflected in the accounts.

Do new limited companies have to file first-year accounts with Companies House, even if they have not traded?

In most cases a company still has statutory accounts obligations, and filing with Companies House is generally required where the applicable rules say so. Having had limited or no activity does not automatically mean the accounts can be ignored. Where a company has had no significant accounting transactions, the correct reporting position depends on its circumstances and the relevant rules rather than being assumed to be dormant. Directors remain responsible for making sure the company meets its obligations.

Are first-year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC and serves a different purpose. 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 be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

It may do, but it is not automatic. Micro-entity reporting depends on whether the company meets the applicable eligibility requirements for the accounting period in question. Where a company qualifies, FRS 105 is the reporting standard that applies to qualifying entities using the micro-entity framework. Being newly incorporated, having a low turnover or operating quietly does not by itself settle the question, so eligibility should be assessed on the company's own circumstances before the accounts are prepared.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered details, and it is not replaced by filing your accounts. A limited company may need to submit confirmation statements as well as its statutory accounts, and it should keep its Companies House information up to date. Filing first-year accounts also does not settle any VAT, payroll or Corporation Tax obligations the company may have.

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 the outcome is not the same in every case. Penalties can apply, and paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is to get the position resolved and the accounts submitted. Whether a penalty appeal is possible depends on the circumstances and the applicable rules, and we can talk you through the options available.