─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Towcester, Prepared and Filed With Confidence

Your company’s first set of statutory accounts is a milestone, and it is worth getting right from the outset. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Towcester with preparing their first year accounts for limited company purposes — reviewing your accounting records, drafting the balance sheet and, where applicable, the profit and loss account, and helping to deliver the accounts to Companies House where required. We will also explain how the first accounting period works, which reporting framework may suit your circumstances, and how the accounts filing sits alongside other obligations. Corporation Tax is a separate matter handled with HMRC, so where a CT600 or other Corporation Tax Return is needed, that is dealt with distinctly from the Companies House filing.

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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 annual statutory accounts a limited company prepares for its initial accounting period. That period usually begins on the date of incorporation and ends on the company’s first accounting reference date, although the exact period depends on the incorporation date and the accounting reference date recorded at Companies House. Preparing these accounts is not optional simply because the company is new: a limited company generally has statutory accounts and filing obligations even where trading has been limited or has not yet begun, and the reporting position depends on the company’s specific circumstances rather than an automatic assumption that it is dormant. The accounts themselves are built from the company’s accounting records — bank transactions, sales and income records, purchase invoices, expenses, asset purchases, share capital details, director transactions and any loans or finance arrangements, plus payroll or VAT records where those are relevant. From those records we prepare a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and disclosures required by the applicable framework. Directors remain responsible for the accuracy of the company’s records and for ensuring its statutory obligations are met, even when an accountant is engaged to assist with preparation and filing. Some newly incorporated companies qualify for the micro-entity accounting framework, which is set out in FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on meeting the applicable size criteria for the relevant accounting period and is not automatic — a low turnover figure alone does not confirm micro-entity status, and neither does being a startup. We assess the position based on your company’s actual circumstances before deciding which framework applies. It also helps to separate the different filings a company may face. First-year statutory accounts are prepared in line with the applicable reporting framework and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations, and the two have different purposes and destinations. A confirmation statement is a further, separate filing that keeps the company’s registered information up to date with Companies House. Completing one does not complete the others. For directors in Towcester, understanding these distinctions early makes the second year considerably easier to manage.

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 Properly From the Start

If your company has recently been incorporated, you may be unsure how the first accounting period works, what records you should be keeping, or which reporting framework applies to your figures. These are common questions for directors, and there is no need to work them out alone. Micro Entity Accounts provides professional support with preparing first year accounts for limited company directors in Towcester — reviewing your accounting records, drafting the statutory accounts, and helping with filing at Companies House where required, with clear pricing and no hidden costs. If you would like a straightforward conversation about where your company stands and what needs doing next, get in touch and we will explain the options for your 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?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They typically cover the period from the date of incorporation to the company's first accounting reference date, and they normally include a balance sheet, along with a profit and loss account and supporting notes where the applicable reporting framework requires them. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are first-year accounts due?

The due date depends on the company's incorporation date and its accounting reference date, together with the applicable Companies House filing requirements — it is not the same for every company. Because the first accounting period can be longer or shorter than a standard twelve-month period, the deadline is best confirmed by checking the company's own Companies House record rather than assuming a fixed timescale. We can review your dates and confirm when your accounts are expected to be filed.

What information do I need before first-year accounts can be prepared?

It depends on what the company has actually done, but commonly needed records include bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director loans or transactions, and any loans or finance agreements. Payroll records and VAT records may also be relevant where the company has those obligations. If some records are incomplete, we can help you work out what is available and what still needs to be put in place.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared under the applicable accounting framework and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted separately to HMRC where the company has Corporation Tax obligations. The figures in the accounts are often used as a starting point when working out the Corporation Tax position, but the two filings serve different purposes and go to different destinations. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not necessarily match its statutory accounts period.

Do we still need to file accounts if the company has not started trading?

In many cases a company still has statutory filing obligations even where activity has been limited or trading has not yet begun, so it is not safe to assume nothing needs to be filed. Whether the company is treated as dormant for reporting purposes depends on its particular circumstances and the applicable rules, and that position should be assessed carefully rather than assumed. Directors in Towcester with a newly incorporated company that has been quiet should check the position rather than let filings slip.

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

Some newly incorporated companies do qualify for simplified reporting as micro-entities, but it is not automatic and not every startup or small company will meet the eligibility requirements for the relevant accounting period. Micro-entity accounts are prepared under FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Whether that framework is appropriate for your company depends on your figures and circumstances, and we assess that before preparing anything.

Does filing first-year accounts remove the need for a confirmation statement?

No. A confirmation statement is a separate filing that keeps the company's registered details up to date at Companies House, and it is not replaced by filing statutory accounts. A limited company may still need to submit confirmation statements and ensure its Companies House information is accurate, independently of its accounts obligations. Filing first-year accounts also does not discharge any Corporation Tax, VAT or payroll responsibilities the company may have.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can result in consequences from Companies House, which can vary depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the accounts still need to be completed and submitted. If your first-year accounts are already overdue, it is worth speaking to an accountant promptly so the position can be reviewed and the filing progressed, and any appeal eligibility can be considered against the applicable rules.