─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Thornton-Cleveleys, Prepared With Professional Support

A company’s first set of statutory accounts marks the point where incorporation meets real filing obligations, and it often arrives sooner than directors expect. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Thornton-Cleveleys to prepare first year accounts for limited company purposes — reviewing the accounting records you hold, drafting a balance sheet and, where the reporting framework requires it, a profit and loss account, then delivering those accounts to Companies House where required. If your company has also begun trading, the figures behind the accounts can feed into your Corporation Tax position, although a Corporation Tax Return such as a CT600 is a separate submission made to HMRC and is not covered by filing at Companies House.

🔥 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 Does the Micro-Entity Framework Apply?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are a formal record of the company’s financial position at the end of that period, normally comprising a balance sheet and, depending on the reporting framework used, a profit and loss account, together with any notes required. They are not optional simply because the company is newly formed, and a company that has had limited or no trading activity may still have statutory reporting obligations to consider. When a company is incorporated, Companies House sets an accounting reference date. As a general rule the first accounting reference date falls at the end of the month in which the first anniversary of incorporation occurs, though this can be adjusted in certain circumstances. That date shapes the first accounting period and, in turn, the deadline for delivering the first accounts. The first-year filing deadline is usually longer than the deadline that applies to later accounting periods, but the exact date depends on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements — so it is always worth checking the company record rather than assuming. A company may be able to use the micro-entity accounting framework if it meets the eligibility conditions for the accounting period in question, and FRS 105 is the financial reporting standard that applies to qualifying entities reporting under that framework. Not every newly incorporated company qualifies, and a low turnover figure alone does not automatically mean micro-entity treatment is available. The appropriate framework is determined by the company’s circumstances and the applicable requirements, and small-company reporting may be more suitable in some cases. It also helps to separate the different filings a new company may face. 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 is a distinct obligation with its own purpose and destination; filing accounts does not submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing. The company’s first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical. A confirmation statement is separate again, and filing accounts does not replace it. Company directors in Thornton-Cleveleys remain responsible for making sure each obligation is met, even where an accountant is engaged to help.

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 Thornton-Cleveleys Prepared Correctly

If your company has just been incorporated, the uncertainty usually centres on the basics: which accounting period applies, what records need to be pulled together, which reporting framework fits the company, and what actually has to go to Companies House. Micro Entity Accounts provides professional first-year accounts preparation and filing support for eligible UK limited companies, including directors in Thornton-Cleveleys who want the figures checked properly and the correct framework applied before anything is submitted. We can review your bookkeeping records, confirm the reporting basis that suits your circumstances, prepare the statutory accounts and assist with delivery to Companies House where required — with clear pricing and no hidden costs. Getting professional support early in a company’s life is usually simpler than correcting an inaccurate filing later.

─── 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 the initial accounting period that runs from the date of incorporation to the company's first accounting reference date. They normally include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account, along with any supporting notes. They are prepared for the company's members and delivered to Companies House where required.

When are a new company's first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date rather than a single date that applies to every company. Companies House sets the first accounting reference date when a company is incorporated, and the filing deadline for a first set of accounts is generally longer than for later periods. The safest approach is to check the company's own record on the Companies House register, or ask an accountant to confirm the date that applies to your company.

What information is needed to prepare first year accounts?

It depends on what the company has actually done. Typical records include bank statements and transactions, sales and income records, purchase invoices and business expenses, asset purchases, details of any loans or finance, share capital information and director transactions. Where a company runs payroll or is VAT registered, the related records may also be relevant. Not every company will have all of these — a company with very little activity may need far less.

Does a newly incorporated company have to file accounts with Companies House?

In most cases, yes — a limited company is generally expected to prepare and deliver statutory accounts for its first accounting period. Very limited activity, or none at all, does not automatically remove that obligation, although the reporting position does depend on the company's circumstances and the applicable rules. Whether a company is properly described as dormant is a separate question from whether accounts are due.

Are first year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The two filings serve different purposes and go to different bodies, and completing one does not complete the other. The accounting figures may inform the Corporation Tax position, and a company's first Corporation Tax accounting period does not always match its statutory accounts period.

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

Some newly incorporated companies may qualify for the micro-entity framework if they meet the eligibility conditions for the relevant accounting period, and FRS 105 is the standard that applies to qualifying entities reporting on that basis. Qualification is not automatic, and not every company with modest income will qualify. Small-company reporting may be more appropriate in some circumstances, so eligibility should be assessed against the company's own position before the accounts are prepared.

Do first year accounts affect the confirmation statement?

They are separate obligations. A confirmation statement confirms that the information Companies House holds about the company — such as directors, shareholders and registered office details — is up to date. Filing first year accounts does not replace it, and the confirmation statement does not discharge the accounts filing requirement. A limited company may need to keep both up to date.

What happens if first year accounts are filed late?

Missing the applicable filing deadline can lead to consequences from Companies House, and the outcome is not necessarily the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, or there is a reason you believe may be relevant to an appeal, it is worth speaking to an accountant early, as eligibility for an appeal depends on the circumstances and the applicable rules.