─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

The end of a company’s first accounting period often arrives sooner than directors expect, and for a newly incorporated business in Totton Southampton it usually means preparing a set of statutory accounts for the very first time. Micro Entity Accounts supports limited companies through that process — reviewing the accounting records, preparing the first statutory accounts, and filing them with Companies House where required. We also help directors understand how the company’s first accounting period is set, which reporting framework is likely to apply, and how Corporation Tax fits alongside the accounts, including the separate CT600 submission made to HMRC rather than to 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, and Why Does the First Accounting Period Matter?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation, or from the date the company began its accounting period, through to the first accounting reference date. Because that reference date is normally set from the incorporation date, the opening period is often longer or shorter than twelve months, and it is not necessarily the same for every company. The accounts themselves typically include a balance sheet and, where applicable, a profit and loss account, together with any notes required by the chosen reporting framework. Directors remain responsible for ensuring the accounts are prepared and delivered to Companies House where required, even when an accountant is engaged to carry out the work. Some limited companies may qualify to use the micro-entity accounting framework if they meet the eligibility conditions for the relevant accounting period. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is not automatic for a new company, and it cannot be assumed from low activity alone — the appropriate framework depends on the company’s size, circumstances and the rules in force for the period being reported. Where a company does not qualify as a micro-entity, it may instead fall within the small company reporting framework, subject to the applicable tests. It is worth separating three obligations that are sometimes confused. First year statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and the company’s first Corporation Tax accounting period does not always match the period covered by its statutory accounts. A confirmation statement is a further, separate filing that keeps the company’s information on the register up to date. Completing one of these does not complete the others.

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, With Filing Support Where It Is Required

If your company’s first accounting period is drawing to a close, or you are simply unsure what the first set of statutory accounts should include, professional support can remove a good deal of guesswork. Micro Entity Accounts works with newly incorporated limited companies in Totton Southampton to review accounting records, prepare the first year statutory accounts, and handle delivery to Companies House where required — while making clear how that sits alongside any separate Corporation Tax obligations. Directors often find the reporting framework question the most confusing part, particularly where activity has been limited or the company has only just started trading. Getting the framework and the figures right at the first attempt makes later years far easier to manage, so it is worth speaking to someone who 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 annual statutory accounts a limited company prepares, covering its initial accounting period. That period generally runs from the date the company was incorporated, or from the start of its accounting period, to its first accounting reference date. The accounts usually include a balance sheet and, where applicable, a profit and loss account, along with any notes required by the reporting framework the company uses. Directors are responsible for making sure the accounts are prepared and delivered to Companies House where required.

When are first year accounts due?

There is no single answer that applies to every company. The first accounting period, and therefore the filing deadline, is worked out from the company's incorporation date and its accounting reference date, together with the applicable Companies House requirements. A first period can be longer or shorter than twelve months, so two companies incorporated in the same week could still face different dates. We check the relevant dates for your company as part of the accounts process rather than applying a blanket rule.

What information is needed to prepare first year accounts?

It depends on what the company has actually done. In most cases we would look at bank transactions, sales or income records, business expenses and purchase invoices, any asset purchases, director transactions such as loans or expenses, share capital information, and details of any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records may also be relevant. If some of this information is incomplete, that is not unusual for a first year — part of the process is often tidying up the records before the accounts can be finalised.

Do new limited companies in Totton Southampton have to file first year accounts with Companies House?

In general, yes, where the company is required to file statutory accounts. Being newly incorporated, having limited activity or not yet having started trading does not by itself remove the filing obligation. The accounts are delivered to Companies House where required, and the company's accounting reference date determines the period they cover. Companies House does not prepare the accounts and does not professionally approve or review them — it receives and registers the filed information.

What if the company has not traded or has had very little activity?

A company can still have a statutory reporting position even where there has been little or no trading. Whether the company is treated as dormant for accounts purposes depends on its specific circumstances and the applicable rules, so the term should not be applied automatically. Where there have been no significant accounting transactions, the correct treatment still needs to be established rather than assumed. It is worth checking the position rather than simply not filing.

Are first year accounts the same as a CT600 or a confirmation statement?

No — these are three separate filings. 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 the company's first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts. A confirmation statement is a separate Companies House filing that updates the register. Filing one does not complete the others, although information from the accounts is often used when preparing the Corporation Tax position.

Can a newly incorporated company qualify for micro-entity accounts under FRS 105?

It may do, but not automatically. Micro-entity status depends on meeting the applicable eligibility requirements for the relevant accounting period, and it should not be assumed simply because a company is new, small or has low turnover. Where a company qualifies, FRS 105 is the financial reporting standard that applies to entities using the micro-entity framework. Where it does not qualify, a different framework such as the small company regime may be appropriate. We assess this against your company's circumstances before preparing anything.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts — the filing still has to be made. Where an appeal against a late filing penalty is considered, whether it is eligible depends on the circumstances and the applicable rules. If your first year accounts are already overdue, it is better to get advice on the position as early as possible.