─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A newly incorporated limited company takes on statutory reporting duties from day one, and the first set of accounts is often the part directors in Thirsk have the least experience of. Micro Entity Accounts supports newly incorporated and newly trading companies with the preparation of their first statutory accounts, a review of the accounting records behind them and delivery to Companies House where required. Just as importantly, we help you understand how the pieces fit together: the accounting reference date that shapes your first accounting period, whether the micro-entity framework may be suitable for your circumstances, and how Corporation Tax sits separately as an HMRC matter, usually dealt with through a CT600. Whether your company has been actively trading, has had limited activity or is still finding its feet, we can explain what applies to you and prepare the figures properly.

🔥 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

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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 When Do They Apply?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, which Companies House sets when the company is registered. Because the first period can be longer or shorter than a typical twelve months, the figures in your first accounts may cover a different span of time than later years. Directors sometimes assume nothing is due until the company has been running for a full year, but a newly incorporated company generally has accounts obligations from the outset, and the applicable dates flow from the incorporation date and accounting reference date rather than from how busy the business has been. The purpose of these accounts is to report the company’s financial position and performance for that initial period. Depending on the framework used, that typically means a balance sheet, and a profit and loss account where applicable, together with any notes and statements required by the relevant rules. The accounts are generally delivered to Companies House where required. This is a separate process from the company’s Corporation Tax position: a limited company may also need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, even though the accounts and the tax return often draw on the same underlying records. The company’s first Corporation Tax accounting period and its statutory accounts period do not always run to exactly the same dates, so it is worth checking both. A confirmation statement is a third, separate obligation, confirming that the information Companies House holds about the company remains accurate, and it is not replaced by filing accounts. Some newly incorporated companies may be eligible to prepare accounts under the micro-entity framework, which is a simplified reporting regime, with FRS 105 being the financial reporting standard applicable to qualifying entities using that framework. Eligibility is not automatic. It depends on meeting the applicable criteria for the relevant accounting period and on the company’s particular circumstances, and a small company framework may be more appropriate in other cases. In Thirsk, as elsewhere, the right starting point is a straightforward review of the company’s position, its records and the reporting framework that fits, followed by preparation of the accounts and filing with Companies House where required.

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, With Clear Filing Support

If your company was incorporated recently and you are unsure what your first statutory accounts need to include, which accounting reference date you are working towards or whether the micro-entity framework applies to you, that uncertainty is worth clearing up early rather than close to a filing date. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Thirsk to prepare first-year accounts from properly organised records, review the figures with you and file with Companies House where required, while keeping the separate Corporation Tax position clearly in view. Bring us your bank transactions, invoices, expense records and incorporation details, and we will explain what is needed and what happens next. Transparent fees, no hidden costs and a clear explanation of the process from a team that deals with first-year accounts regularly.

─── 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 limited company prepares, covering its initial accounting period. That period usually starts on the incorporation date and ends on the company's first accounting reference date, so it may be longer or shorter than twelve months. The accounts normally include a balance sheet, a profit and loss account where applicable, and any notes or statements required under the reporting framework the company uses.

When are first-year accounts due?

The due date depends on your company's incorporation date and its accounting reference date, together with the applicable Companies House filing requirements. There is no single deadline that applies to every new company, so it is worth confirming your company's specific dates early. We can check the position for your company and explain which period the first accounts cover and when they need to be delivered.

What information is needed to prepare a company's first-year accounts?

It depends on what the company has done since incorporation, but typical items include bank statements and transactions, sales or income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records may also be relevant. If your company has had little activity, we will tell you what is still needed rather than assume a standard pack applies.

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

In most cases a limited company must deliver statutory accounts to Companies House for its first accounting period where required. Preparing and filing accounts is a separate obligation from the confirmation statement, which confirms the information on the public register and is not replaced by filing accounts. It is also separate from anything submitted to HMRC. If your company has had limited activity or has not yet started trading, its reporting position still depends on its circumstances and the applicable rules.

Are first-year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They serve different purposes and go to different places, although the accounting information behind the accounts is often used when working out the company's Corporation Tax position. Filing one does not complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period exactly.

Do we still need to file accounts if the company has not traded?

A company may still have statutory filing obligations even where it has had limited activity or has not yet commenced trading. Whether a company is treated as dormant depends on its circumstances and the applicable rules, so it is not something to assume either way. Preparing or filing first-year accounts does not, on its own, settle the company's Corporation Tax, confirmation statement or other compliance obligations.

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

Some newly incorporated companies may qualify for the micro-entity framework if they meet the applicable eligibility requirements for the relevant accounting period, but it is not automatic and not every small or new company qualifies. FRS 105 is the financial reporting standard applicable to qualifying entities preparing micro-entity accounts. We review eligibility and the company's circumstances before deciding which framework to use, and a small company framework may suit some businesses better.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can result in Companies House consequences, and paying any penalty does not remove the requirement to file the outstanding accounts. Consequences are not identical in every case, and whether an appeal against a late filing penalty is possible depends on the circumstances and the applicable rules. If your first accounts are overdue, the practical step is to get the figures prepared and filed as soon as they can be, and we can help with that process for companies in Thirsk and elsewhere.