─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Theale, Prepared and Filed Properly

If your company was incorporated recently, its first set of statutory accounts is usually the next significant compliance milestone on the calendar. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Theale, preparing first year accounts for limited company reporting periods that begin at incorporation. That includes reviewing your accounting records, drafting the balance sheet and any profit and loss account the applicable framework requires, and delivering the accounts to Companies House where required. We also make the boundaries clear: a Corporation Tax Return, such as a CT600, is a separate filing submitted to HMRC, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. Whether you have been trading, have had limited activity, or have not yet started trading, we can help you understand what applies to your company based on its own incorporation date and accounting reference date.

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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 When Might Micro-Entity Reporting Apply?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they do not disappear because the company is new, has traded only lightly, or has had very little activity since incorporation. When a company is registered at Companies House, an accounting reference date is set for it. The first accounting period normally runs from the incorporation date to that first accounting reference date, which means the opening period can be slightly longer or shorter than the twelve-month periods that follow. For directors of newly incorporated companies in Theale, that detail matters, because the length of the first period affects what the accounts cover and when they are likely to be due. The accounts generally include a balance sheet and, where the applicable framework requires it, a profit and loss account, along with the notes and any statement the chosen framework calls for. Once the directors have approved them, the accounts are filed with Companies House where required. It is worth noting that some companies may qualify to report under the micro-entity framework, which uses FRS 105, but eligibility depends on the company’s circumstances and the criteria for the relevant accounting period. A new company with modest activity does not automatically qualify, and the appropriate framework should be confirmed before the work starts. First year accounts are also not the same as the company’s other compliance obligations. A Corporation Tax Return, such as a CT600, is prepared for HMRC in its own right, and the company’s first Corporation Tax accounting period may not be identical to the statutory accounts period. A confirmation statement is separate again, and filing accounts does not replace it. Directors remain responsible for keeping accurate accounting records and for ensuring the company meets its filing obligations, even where an accountant has been engaged to help prepare and submit the figures.

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.

First Year Accounts for Limited Company in Theale: Accurate Preparation and Clear Filing Support

The first set of accounts tends to raise more questions than any that follow: which accounting period applies, what the accounts should contain, which reporting framework fits, and what actually has to go to Companies House. Micro Entity Accounts can take that uncertainty off your desk, preparing your first year statutory accounts from the records you hold and supporting you through the Companies House filing where required, while keeping the separate Corporation Tax position clearly in view. If your accounting records are incomplete or you are unsure whether you have everything needed, we can tell you what is missing and what can reasonably be reconstructed from bank statements and supporting documents. Getting the first year right also sets a sensible foundation for the years that follow, so it is worth having someone review the position properly rather than guessing at it.

─── 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 company's first set of annual statutory accounts, covering its initial accounting period. That period usually starts on the incorporation date and ends on the company's first accounting reference date. Depending on the framework that applies to the company, the accounts will typically include a balance sheet and, where required, a profit and loss account, plus the notes and any directors' statement that framework calls for. Once the directors approve the accounts, they are filed with Companies House where required.

When are first year accounts due?

There is no single answer that fits every company. The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so a first period that ran longer or shorter than twelve months will have its own filing deadline. HMRC deadlines for Corporation Tax are separate and can differ from the Companies House accounts deadline. If you tell us your company's incorporation date, we can confirm the position for your specific circumstances rather than applying a general rule.

What information is needed to prepare first year accounts?

It depends on what the company has been doing since incorporation. In most cases we would look at bank transactions and statements, sales and income records, purchase invoices and business expenses, asset purchases, share capital details, director transactions and any loans or finance arrangements. Where relevant, payroll records and VAT records also help to complete the picture. Not every company will have all of these, and a company that has not yet started trading will usually have far less to provide. If records are patchy, we can work through what exists and identify the gaps.

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

A newly incorporated company still has statutory accounts obligations, and first year accounts are generally filed with Companies House where required. That remains the case even where the company has had limited activity or has not yet commenced trading. Whether a company is treated as dormant for filing purposes depends on its actual circumstances and the applicable rules rather than on an assumption, so it is worth checking the position rather than deciding the company has nothing to file. Preparing and filing accounts is also not the same as settling the company's Corporation Tax position with HMRC.

Are first year accounts the same as a CT600?

No. They are two different filings with two different destinations. 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 figures in the accounts often feed into the Corporation Tax preparation, but filing one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period. Directors in Theale should treat both as separate items on the compliance list.

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

It may, if it meets the eligibility criteria for the relevant accounting period. Those criteria relate to matters such as balance sheet total, turnover and employee numbers, and a company needs to satisfy them to use the micro-entity framework. Being newly incorporated, or having low activity in the first period, does not automatically mean the micro-entity framework applies, and FRS 105 is only relevant where the company actually qualifies as a micro-entity. We confirm the appropriate framework before preparation begins so the accounts are drawn up on the right basis.

Do first year accounts replace the confirmation statement?

No. They are separate obligations and neither replaces the other. A confirmation statement confirms the company's registered information, such as its officers, registered office and share structure, and it is filed with Companies House independently. Filing statutory accounts does not discharge the confirmation statement, and submitting a confirmation statement does not satisfy the accounts filing requirement. Companies with overdue accounts usually still need to keep their confirmation statement up to date.

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 can 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, so the overdue filing still needs to be completed. Appeal options depend on the circumstances and the applicable rules. If your first year accounts have slipped past the deadline, the practical step is to get the accounts prepared and filed as soon as possible and to understand what is likely to follow.