─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Totton — Professional Preparation and Filing Support

The first set of statutory accounts a newly incorporated company has to prepare is usually the one that prompts the most questions, particularly for directors who have not been through the process before. Micro Entity Accounts supports limited companies across Totton with First Year Accounts for Limited Company work — gathering and reviewing the accounting records, preparing the balance sheet and profit and loss account where applicable, and delivering the accounts to Companies House where required. We also make clear where a Corporation Tax Return, such as a CT600, sits as a separate HMRC obligation, so the company’s first-year compliance position is understood from the outset rather than discovered later.

🔥 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 Every New Limited Company Qualify?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period normally starts on the date of incorporation, and the accounting reference date set at Companies House determines when the first period ends. Because the starting point is the incorporation date, two companies formed only weeks apart can end up with noticeably different first reporting periods — so accounts should always be prepared against the company’s own dates rather than a general assumption about how long a first year lasts. The purpose of these accounts is to report the company’s financial position and performance for that period in the format required by the applicable reporting framework. In practice that usually means a balance sheet, together with a profit and loss account where the framework and the company’s circumstances call for one, plus the supporting notes and any statements the framework expects. The accounts are then delivered to Companies House where required. Companies House does not prepare the accounts, does not check whether they were professionally prepared, and does not approve them; its role is to receive the filings. Some newly incorporated companies meet the eligibility criteria for the micro-entity framework and can therefore report under FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on the company’s circumstances for the relevant accounting period and is not automatic simply because a company is new, small or has limited activity. Where a company does not qualify as a micro-entity, a small-company framework may apply instead, subject to the applicable requirements. A director in Totton should not assume the micro-entity route applies without checking the position first. It also helps to separate first-year statutory accounts from the company’s other obligations. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and is a distinct filing from the accounts delivered to Companies House. Accounting information from the accounts may inform the tax position, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period, but the two filings have different purposes and destinations. A confirmation statement is separate again, and filing first-year accounts does not discharge it. Directors stay responsible for ensuring each obligation is met, even where an accountant handles the preparation and filing.

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 Totton — Prepared Carefully, Filed on the Right Basis

A common worry for directors of newly incorporated companies is simply not knowing what the first set of accounts should look like, what records are needed to support them, or which reporting framework actually applies. Micro Entity Accounts can take that uncertainty off your desk: we review the accounting records you hold, prepare the first-year statutory accounts, and handle delivery to Companies House where required, while explaining clearly where Corporation Tax, CT600 and confirmation statement obligations sit separately. If your company is approaching its first accounting reference date and you would rather not work it out unaided, get in touch and we will confirm what is needed based on your company’s own incorporation dates and circumstances.

─── 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 annual accounts a company prepares, covering its initial accounting period. That period normally begins on the incorporation date and ends on the company's first accounting reference date. The accounts report the company's financial position for that period, typically through a balance sheet and, where the applicable framework requires it, a profit and loss account, along with any supporting notes. First-year accounts are a Companies House filing where required and are not the same thing as a Corporation Tax Return or a confirmation statement.

When are a company's first accounts due?

The due date is worked out from the company's own first accounting reference date, which is set when the company is incorporated. The filing window for a first set of accounts is generally calculated differently from later years, which is one reason directors are often surprised by it. Rather than rely on a rule of thumb, it is worth confirming the position for your specific company. We can check your incorporation and accounting reference dates and tell you which deadline applies to your filing.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done during the period. Typical documents include bank statements and transaction listings, sales and income records, business expense receipts, purchase invoices, details of any assets bought, share capital information, and records of loans, director transactions or finance arrangements. Where the company runs payroll or is VAT registered, those records may also be relevant. There is no requirement to hold every item on that list — a company with limited activity will have a much shorter records list than one that has been trading throughout.

Does a new limited company have to file accounts with Companies House even if it has not traded?

A limited company generally has statutory accounts and filing obligations regardless of whether trading has begun, although the exact position depends on the company's circumstances and the applicable rules. Having limited or no activity does not automatically mean the company is dormant in the technical sense, and the reporting treatment can differ between a genuinely dormant company and one that is simply not yet trading. It is worth reviewing the company's situation before assuming no filing is required, because the deadlines can still apply.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where applicable. The figures in the accounts may be used when working out the company's tax position, but filing one does not file the other, and completing one does not remove the need for the other. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ.

Can a newly incorporated company use the micro-entity framework and FRS 105?

Some companies can, but not all. The micro-entity framework, and FRS 105 as the standard applicable to qualifying entities within it, depends on meeting the eligibility requirements for the relevant accounting period. A company being new, or having modest turnover, does not by itself guarantee eligibility. We assess the position against the company's circumstances and confirm which framework is appropriate before the accounts are prepared, so the filing is made on a proper basis.

Do first-year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement updates Companies House on matters such as directors, registered office and share information, and it must still be submitted when due. Filing first-year accounts does not satisfy or replace that obligation, and filing a confirmation statement does not complete the company's accounts filing. Both need to be dealt with in line with the applicable requirements.

What happens if first-year accounts are filed late?

Delivering accounts after the applicable 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 a company in Totton has missed or is about to miss a deadline, it is usually better to address it promptly — we can review the position, help prepare the outstanding accounts and, where relevant, explain whether an appeal may be available depending on the circumstances and applicable rules.