─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If you have incorporated a limited company in Tring and the end of your first accounting period is coming into view, the first set of statutory accounts is a milestone that cannot be set aside. Micro Entity Accounts works with newly incorporated and newly trading companies to turn the year’s records into a properly prepared set of First Year Accounts for Limited Company — a balance sheet, a profit and loss account where applicable and the supporting information that goes with them — and to deliver those accounts to Companies House where required. We start by reviewing your accounting records, point out anything that looks incomplete, and explain which reporting framework appears to suit your company. Where the company also has Corporation Tax obligations, that is a separate exercise: a CT600 and any related computations are submitted to HMRC, not to Companies House, and completing 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 Why Do They Matter for a New Company in Tring?

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, which is generally established when the company is formed. Because the opening period is frequently longer than a standard twelve months, the figures can cover an unusual stretch of activity — another reason first-year accounts deserve attention rather than being treated as a repeat of later filings. Every limited company is expected to keep adequate accounting records and prepare accounts for each financial year. For a newly incorporated company, that means turning the year’s bank transactions, income, expenses, asset purchases, share capital and any director transactions into a set of accounts that reflects what actually happened. Where required, those accounts are delivered to Companies House, and the company’s accounting reference date and accounting period determine the dates that apply. Companies House does not prepare the accounts and does not approve them; it receives what the company files. Some companies will meet the eligibility conditions for the micro-entity framework and can prepare simpler accounts under FRS 105, the standard applicable to qualifying micro-entities. Others may sit within the small company regime, and some will need to report under a fuller framework. Eligibility depends on the company’s own circumstances and the rules for the relevant accounting period, so it is worth confirming rather than assuming that a new company is automatically a micro-entity. It also helps to separate the moving parts. First year statutory accounts are a Companies House matter. A Corporation Tax Return, such as a CT600, is an HMRC matter submitted separately, even though the figures in the accounts often inform it. A confirmation statement is a further, separate filing, as is a VAT return where the company is registered. Completing one 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.

Have Your First Year Accounts for Limited Company in Tring Prepared Properly From the Start

The first accounting period usually carries the most questions. Directors in Tring often want to know which records they need to keep, which reporting framework applies to their company, and what actually has to be sent to Companies House. Micro Entity Accounts can work through those points with you, prepare the first year accounts from your accounting records, and support you with filing where required, on a fixed-fee basis agreed before any work starts. If your first period has already ended or a filing date is drawing closer, it is worth dealing with it sooner rather than later.

─── 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 for its initial accounting period, which normally starts on the date of incorporation and ends on the company's first accounting reference date. They typically include a balance sheet, a profit and loss account where applicable, and any notes required by the reporting framework the company uses. Where required, the accounts are filed with Companies House. Directors remain responsible for making sure the accounts are prepared and delivered on time, even when an accountant handles the work.

Do we still need first year accounts if the company has not started trading?

In many cases statutory filing obligations can still apply, so a quiet first period does not automatically mean nothing needs to be filed. The correct position depends on the company's circumstances and the applicable rules — for example, whether it has had any significant accounting transactions, and whether it is treated as dormant for Companies House purposes, which is not the same thing as being dormant for HMRC. We look at the facts before deciding how the accounts should be prepared.

What information is needed to prepare first year accounts?

It varies from company to company, but commonly we would ask for the certificate of incorporation and details of the accounting reference date, share capital and shareholder information, bank statements and transaction listings, sales or income records, purchase invoices and expense receipts, details of asset purchases, and any director loan or other transactions between the director and the company. Payroll records and VAT records are relevant where the company has those registrations. You will not necessarily have all of these — we only ask for what applies to your company.

Are first year accounts the same as a Corporation Tax Return or CT600?

No. They serve different purposes and go to different places. Statutory accounts are prepared for the members and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The two are linked in practice because the figures from the accounts often inform the tax position, but filing one does not file the other. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ.

When are first year accounts due?

The dates depend on your company's incorporation date and accounting reference date, and Companies House generally allows a longer filing window for a company's first accounts than for accounts in later years. HMRC deadlines for Corporation Tax are separate and are based on the company's own Corporation Tax accounting period. Because there is no single answer that fits every company, we confirm the specific dates that apply once we have your company details. If you are unsure where you stand, it is worth checking early rather than waiting.

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

Possibly, but not automatically. The micro-entity framework and FRS 105 apply to entities that meet the eligibility conditions for the accounting period in question, and a new company still has to be assessed against those conditions. Some companies will fall within the small company regime instead, and others will need to report under a fuller framework. For directors in Tring running their first year, the practical step is to have the company's circumstances reviewed before choosing a framework.

Do first year accounts replace the confirmation statement?

No. They are separate filings with separate purposes. The accounts report the company's financial position for the accounting period, while a confirmation statement confirms that the information Companies House holds about the company — such as directors, the registered office and share information — is correct. A company may need to submit a confirmation statement even in a year when the accounting side is straightforward, and filing accounts does not satisfy that obligation.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, and the outcome is not identical in every case — it generally depends on how overdue the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If you believe there is a valid reason for the delay, whether an appeal is possible depends on the circumstances and the applicable rules, and we can talk you through the position.