─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A newly incorporated company still has statutory accounts to deal with, and the first set is usually the one directors find least familiar. First Year Accounts for Limited Company work in Tiverton involves preparing the statutory accounts for the company’s opening accounting period, reviewing the accounting records behind the figures, and supporting the delivery of those accounts to Companies House where required. We help directors who have recently incorporated — whether the company is already trading, has only just started, or has had limited activity — to understand what needs to be reported and which reporting framework fits their circumstances. Where Corporation Tax applies, we make the separation clear: a CT600 and any related returns go to HMRC, while statutory accounts go to Companies House, and filing one does not complete the other.

🔥 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, and Could Your Tiverton Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which generally begins on the date of incorporation and ends on the company’s first accounting reference date. That period is not identical for every company: it depends on the incorporation date, the accounting reference date set at Companies House, and whether the accounting reference date has since been changed. In some cases the opening period is longer than a standard twelve-month period, which is one reason why first-year filing requirements are often different from the pattern a director later becomes used to. Once prepared, those statutory accounts are delivered to Companies House where required. Companies House receives and registers the filing; it does not prepare the accounts, assess whether they were professionally prepared, or approve them. The content of the accounts depends on the reporting framework that applies. A company may qualify to report under the micro-entity framework if it meets the applicable eligibility requirements for the relevant accounting period, in which case FRS 105 — the financial reporting standard for qualifying micro-entities — may be relevant. That is not automatic. A newly incorporated company is not automatically a micro-entity, a company with modest activity does not automatically qualify, and the appropriate framework should be confirmed by reference to the company’s own circumstances and the rules in force for that period. Where the company does not qualify as a micro-entity, another framework such as the small-company regime may be more appropriate. It is also worth separating the different obligations that a company may face. First-year statutory accounts are one matter. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a further, separate filing that keeps the company’s information at Companies House up to date. Preparing and filing first-year accounts does not, on its own, complete the company’s Corporation Tax, confirmation statement, VAT or any other compliance obligations. Each has its own purpose, its own destination and its own requirements.

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 Tiverton: Accurate Preparation, Straightforward Filing

First-year accounts often arrive sooner than directors expect, and the uncertainty tends to sit in the detail — which figures belong in the accounts, which reporting framework applies, and what actually needs to go to Companies House. Micro Entity Accounts can help you work through that. We can review the accounting records you hold, prepare the statutory accounts for your opening period, and support the Companies House filing where required, while being clear about which obligations sit with Companies House and which sit with HMRC. Directors remain responsible for the company’s compliance, but with structured support, transparent fees and no hidden costs, the first filing becomes a great deal more straightforward. If your company’s opening period is approaching or already underway, it is worth speaking to us early.

─── 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. They cover the company's initial accounting period, which usually runs from the incorporation date to the company's first accounting reference date, and they are delivered to Companies House where required. The level of detail depends on the reporting framework the company uses, but the accounts generally set out the company's financial position for that period, including a balance sheet and, where applicable, a profit and loss account.

When do first accounts have to be filed?

The deadline depends on the company's accounting reference date and its incorporation date, and it is set by reference to Companies House requirements rather than a single date that applies to everyone. Because the first accounting period can differ in length from later periods, it is worth confirming your company's specific deadline rather than assuming it follows the pattern of a standard year. We can check the position for your company and explain the dates that apply to it.

What information is needed to prepare first year accounts?

It depends on what the company has been doing, but typical records include bank transactions and statements, sales and income records, purchase invoices and business expenses, details of any assets purchased, share capital information, director loans or transactions, and any loans or finance arrangements. Where the company runs payroll or is VAT registered, payroll records and VAT records may also be relevant. If the company has had very little activity, the records required will be correspondingly lighter — but accurate accounting records still matter, because the accounts need to reflect what actually happened.

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

In most cases, yes. A company incorporated in the UK generally has a statutory accounts filing obligation for its accounting period, and that obligation is not removed simply because the company is new or has not yet started trading. Where a company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules — it is not automatically described as dormant, and dormant status has its own conditions. If you are unsure how your company's activity affects its filing position, that is worth clarifying early.

Are first year accounts the same as a CT600?

No, and this is one of the most common points of confusion. Statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts are often used when working out the company's Corporation Tax position, but the two filings have different purposes, different recipients and different deadlines. Completing one does not complete the other.

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

Some newly incorporated companies may qualify for the micro-entity framework, which allows simplified reporting under FRS 105. Eligibility is not automatic and is not based on the company being new or small in age — it depends on meeting the applicable eligibility requirements for the relevant accounting period, and those conditions need to be checked against the company's own figures and circumstances. If a company does not qualify as a micro-entity, another framework may apply instead. For directors in Tiverton setting up their first company, that assessment is usually best made alongside the accounts preparation itself.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that keeps the company's information at Companies House up to date, such as directors, registered office and share details. It is not a set of accounts and it is not replaced by filing accounts. A limited company may need to submit a confirmation statement as well as its statutory accounts, and both obligations should be tracked separately.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which may include late filing penalties. The outcome is not necessarily the same in every case, and it depends on the circumstances and how late the filing is. Paying a penalty does not remove the requirement to file the outstanding accounts — the accounts still have to be delivered. If accounts are already overdue, it is usually best to deal with the position promptly and get the filing completed.