─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Trowbridge — Prepared Properly, Filed Correctly

If your company was incorporated recently, its first set of statutory accounts is one of the earliest compliance milestones you will face, and it tends to arrive sooner than directors expect. Preparing them involves more than adding up income and costs. The figures need to be presented in the format Companies House expects, supported by accurate accounting records, and approved by a director before they are delivered. Micro Entity Accounts works with newly incorporated limited companies and their directors in Trowbridge to prepare first-year statutory accounts, review the underlying accounting records, and deliver those accounts to Companies House where required. We also help you understand how the company’s first accounting period works, whether a micro-entity or small company reporting framework may be appropriate, and why Corporation Tax sits separately — a Corporation Tax Return such as a CT600 is submitted to HMRC, not Companies House. If you are unsure what your first-year obligations actually involve, we can take the preparation work off your desk.

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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 Do They Matter?

When a limited company is incorporated, its first set of annual statutory accounts covers the period from incorporation — or from the date the company’s accounting period begins — through to its first accounting reference date. These are the first-year accounts, and they are not optional. Even a company with very limited activity may still need to prepare and deliver statutory accounts, so the starting point is always working out the company’s actual accounting period and what Companies House requires for it. An eligible company may be able to use the micro-entity accounting framework, and FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Eligibility, however, is assessed against the requirements that apply to the relevant accounting period. Not every newly incorporated company qualifies as a micro-entity, and a company with more substantial activity may fall within the small company regime instead. The accounting period is driven by the company’s incorporation date and its accounting reference date, and it does not always follow the pattern directors assume. It is common for a first accounting period to run differently from later periods, and directors in Trowbridge are often surprised to find that a company’s first Corporation Tax accounting period and its first statutory accounts period do not necessarily line up exactly. Checking the position early is far easier than discovering a mismatch close to a filing date. It also helps to separate first-year statutory accounts from the other filings a company may have. Statutory accounts are the formal year-end accounts, normally including a balance sheet and, where the applicable framework requires it, a profit and loss account, together with the notes and director approvals that framework calls for. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC to report the company’s tax position. A confirmation statement is a further, separate filing confirming that the company’s registered details at Companies House are accurate. Filing one of these does not complete the others, and each has its own purpose and deadline.

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.

Let Us Prepare and File Your First Year Accounts for Limited Company in Trowbridge

How do you know whether your first-year figures are complete, whether the right reporting framework has been applied, or whether the accounts are in the form Companies House expects? Those questions usually surface a few weeks before a filing date, when there is less room to sort them out. Micro Entity Accounts prepares first-year statutory accounts for eligible UK limited companies, works through your accounting records with you, and handles the Companies House filing where required, with clear pricing and no hidden costs. Whether your company has traded fully, traded lightly, or has seen minimal activity since incorporation, we will look at your circumstances and explain what needs to happen next. If you would rather understand your position now than react to a reminder later, talk to us about your first set of accounts.

─── 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 statutory accounts a limited company prepares for its initial accounting period — the period running from incorporation, or from the start of the accounting period the company uses, up to its first accounting reference date. They are not simply a summary for your own records. They are formal accounts prepared under an applicable accounting framework and delivered to Companies House where required. For a newly incorporated company in Trowbridge, this is often the first time the directors see their figures presented in statutory format, which is why it helps to prepare them with the correct framework and disclosures in mind from the outset.

When are a company's first accounts due to be filed?

The due date depends on the company's incorporation date and its accounting reference date, and Companies House sets the applicable deadline for each company on that basis. First-period filing rules can differ from those applying to later years, so it is worth checking the company's own records or the Companies House record rather than assuming a standard deadline applies. If your filing date is approaching, we can review your position and help you get the accounts ready.

What information is needed to prepare first year accounts?

It varies by company, but typically includes bank statements and transaction listings, sales invoices or other income records, purchase invoices and expense receipts, details of any assets bought or sold, director's loan or shareholder transactions, share capital information, and any payroll or VAT records where those apply. Where a company has had limited activity, the information required may be considerably smaller. We will tell you what is relevant to your circumstances rather than sending a generic checklist of everything imaginable.

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

Yes, a limited company is generally required to prepare and deliver statutory accounts to Companies House for each financial year, including its first, where those filing requirements apply. That is the case whether or not the company has started trading and whether or not it has made a profit. There are limited situations where a company's reporting position differs, and those are assessed case by case. Filing statutory accounts is also separate from the company's Corporation Tax obligations, which are dealt with through HMRC.

Are first year accounts the same as a CT600?

No, they serve different purposes and go to different destinations. First-year 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 to HMRC to report the company's taxable position. Information from the statutory accounts is often used when preparing the tax return, so the two are connected, but filing accounts does not submit a CT600, and submitting a CT600 does not satisfy the Companies House accounts filing requirement. The company's first Corporation Tax accounting period may also differ from its statutory accounts period.

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

Some newly incorporated companies can use the micro-entity framework if they meet the eligibility requirements for the relevant accounting period, and FRS 105 is the standard applicable to qualifying entities under that framework. Not every new company qualifies, and a company does not automatically become a micro-entity simply because it has just been incorporated or has low turnover. Eligibility depends on the company's circumstances and the applicable requirements, and the small company regime may be the more appropriate option in some cases. We can review your position and confirm which framework applies before the accounts are prepared.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered information at Companies House is up to date, covering details such as directors, shareholders and the registered office. It runs on its own filing cycle and is not replaced by delivering first-year accounts. A limited company may need to deal with both, along with keeping its statutory registers and Companies House record accurate.

What happens if first year accounts are filed late?

If accounts are delivered after the applicable deadline, Companies House can take action, and the consequences depend on factors such as how late the filing is and the company's filing history. The key point is that a late filing issue does not remove the requirement to file — the outstanding accounts still need to be delivered, and paying any penalty does not discharge that obligation. If you are already past the deadline, or you are concerned you might be, we can help you understand the position and get the accounts prepared. Appeals against late filing penalties are subject to the applicable rules and depend on the individual circumstances.