─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Tonypandy, Prepared and Filed Correctly

If you have recently incorporated a company, its first set of statutory accounts has to be prepared for the initial accounting period — and getting that first set right makes later years far easier to manage. Micro Entity Accounts works with directors across Tonypandy on First Year Accounts for Limited Company, reviewing the accounting records you hold, drafting the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. We also help you see how the accounts fit alongside your wider obligations, including the separate Corporation Tax Return, such as a CT600, which is submitted to HMRC rather than Companies House.

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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 for a Micro Company?

First-year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which generally runs from the date of incorporation to the first accounting reference date, although the exact period depends on the company’s own dates and circumstances. That first period is often longer than twelve months, so it should not be assumed that the first accounts will be a straightforward copy of a routine annual set. Because these are statutory accounts, they need to be prepared under the applicable reporting framework and delivered to Companies House where required. The framework itself is determined by eligibility. A company may be able to use the micro-entity framework, and therefore FRS 105, only where it meets the relevant eligibility conditions for the accounting period concerned. Some newly incorporated companies will qualify; others will not, and some will fall under the small-company framework instead. Whether your company is based in Tonypandy or elsewhere, the position should be confirmed from its own figures rather than assumed from the fact that it is new. In practical terms, first-year accounts usually include a balance sheet, a profit and loss account where applicable, and supporting notes. The directors remain responsible for keeping adequate accounting records and for making sure the company meets its filing obligations — engaging an accountant provides support with preparing and filing, not a transfer of those duties. It is just as important to keep first-year accounts separate from other compliance tasks. A Corporation Tax Return, such as a CT600, is submitted to HMRC; it is not the same thing as filing accounts with Companies House, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a further, separate filing, and delivering accounts does not replace it.

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 Accurately From the Outset

The first accounting period is the one most likely to raise questions — how long it runs, which reporting framework applies, what Companies House expects and how it all sits alongside your Corporation Tax position. If you are unsure whether your records are complete enough, or simply want the figures reviewed before anything is filed, Micro Entity Accounts can assist with preparing and filing first-year accounts for eligible limited companies. We work through your information with you, explain what is needed and where it is going, and keep the process clear from start to finish.

─── 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 company prepares for its initial accounting period, usually covering the period from incorporation to the company's first accounting reference date. They typically include a balance sheet, a profit and loss account where applicable, and supporting notes, and they are delivered to Companies House where required. Preparing them is not optional simply because the company is new.

When are first-year accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House filing requirements, and it is not the same for every company. It is worth checking the dates recorded at Companies House rather than working from a general rule, because a company's first accounting period can be longer than twelve months. We confirm the relevant dates from the company's own records before anything is filed.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period. Typical items include bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets bought, share capital information, director transactions or loans, and payroll or VAT records where those apply. Some companies will have very little to provide, and others will have more. We will tell you what is relevant to your circumstances.

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

In most cases, yes — statutory accounts must be delivered to Companies House where required, and a recently incorporated company generally cannot disregard that obligation just because it has had limited activity. Companies House receives and registers the accounts; it does not prepare them and does not approve them. If your company has had no significant accounting transactions, its reporting position depends on the applicable rules and its circumstances rather than being automatically treated as dormant.

Are first-year accounts the same as a CT600?

No. They are separate filings with separate purposes and separate destinations. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Information from the accounts may well be 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?

Some newly incorporated companies will qualify for the micro-entity framework, and FRS 105 applies to qualifying entities using it, but eligibility is not automatic. It depends on whether the company meets the applicable conditions for the accounting period in question. A company that does not qualify will report under another framework, such as the small-company regime. Directors in Tonypandy and elsewhere should have this confirmed from their own figures before accounts are drafted.

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 are up to date, and it is not submitted in place of statutory accounts. A company may need to file both during the same period, along with any other returns that apply to it. Keeping the company's Companies House information accurate is a distinct responsibility from accounts preparation.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not necessarily the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If you are already overdue, it is usually best to deal with the position promptly; appeal options depend on the circumstances and the applicable rules, and professional support can help you understand the next steps.