─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Upminster, Prepared and Filed with Care

A newly incorporated limited company has one piece of paperwork on the horizon that cannot be postponed: its first set of statutory accounts. These are the accounts for the company’s initial accounting period, built from the accounting records kept since incorporation and, where required, delivered to Companies House. Micro Entity Accounts works with directors in Upminster through that first cycle, from reviewing the records you already hold to preparing a balance sheet and profit and loss account where applicable, confirming the reporting framework that fits the company’s circumstances and helping with the filing itself. Corporation Tax is a separate matter with a separate destination: where a CT600 is required, it goes to HMRC rather than Companies House, and the two obligations do not always fall due at the same time. Directors remain responsible for making sure the company meets its filing duties, and our role is to make that first year far more straightforward than it might otherwise be.

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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 statutory accounts a limited company prepares for its initial accounting period. That period generally begins on the date of incorporation and ends on the company’s first accounting reference date, which is why it does not always cover a neat twelve months. The accounts themselves are prepared from the company’s accounting records and typically include a balance sheet showing assets, liabilities and shareholders’ funds, along with a profit and loss account where the applicable framework requires one. In most cases, first year statutory accounts must be filed with Companies House, although the date by which they are due depends on the company’s incorporation date, its accounting reference date and the applicable filing requirements. Some companies refer to these as micro company accounts, but the two things are not interchangeable. A company may be able to prepare and file under the micro-entity framework if it meets the eligibility conditions for the accounting period in question; that is a separate assessment, not an automatic entitlement for every new company. Where an entity qualifies, FRS 105 is the financial reporting standard that applies to the micro-entity accounting framework, and it permits a simplified format. Whether it is the right route for a particular company depends on its turnover, balance sheet position, employee numbers and the rules in force for that period. It is worth separating first year accounts from the other filings that often get bundled together in conversation. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and it is not the same document as the accounts filed at Companies House. A confirmation statement is a further, distinct filing that confirms the company’s registered details are correct. Completing one does not complete the others, and none of them should be treated as a substitute for the rest.

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 for Limited Company in Upminster Prepared Properly

If your company was incorporated recently and you are unsure what the first set of accounts should look like, you are in a common position. Directors often find that the records are incomplete, that transactions have been recorded inconsistently, or that it is unclear whether the micro-entity framework is available. Micro Entity Accounts can review your accounting records, prepare the first year statutory accounts on the correct basis and support you with filing them at Companies House where required, while making clear how the separate Corporation Tax position fits alongside it. Directors stay responsible for the company’s compliance, but there is no reason to work through the first filing cycle alone when professional help is available.

─── 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 accounts a company prepares covering its initial accounting period, which normally runs from the date of incorporation to the company's first accounting reference date. They are usually built around a balance sheet, with a profit and loss account included where the applicable framework requires it, and they are generally filed with Companies House where filing is required.

When do first accounts become due?

It depends on the company. The first accounting period is set by reference to the incorporation date and the accounting reference date, and the deadline for delivering accounts to Companies House follows from that period and the applicable filing rules. This is why two companies incorporated a week apart can have different due dates. We review your specific dates before anything is submitted.

What information is needed to prepare first year accounts?

In most cases we would look at bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director's loan movements and any finance or loan agreements. Where the company runs payroll or is VAT registered, the related records are relevant too. You will not necessarily have all of these, and we only ask for what applies to your circumstances.

Does a newly incorporated company in Upminster have to file accounts with Companies House?

In most cases, yes. A limited company is generally required to prepare and deliver statutory accounts for its accounting periods, including its first one, even where activity has been limited. Filing accounts at Companies House is separate from submitting a Corporation Tax Return to HMRC, and separate again from the confirmation statement, so one filing does not discharge the others.

Do first year accounts still need to be filed if the company has not started trading?

Having little or no activity does not automatically remove the obligation to deal with statutory accounts. Whether a company is dormant for filing purposes depends on its specific circumstances and the applicable rules, so the position should be checked rather than assumed. If you have set up a company in Upminster and are unsure where it stands, it is worth confirming the correct treatment before the filing date approaches.

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

No, they are three distinct obligations. First year statutory accounts are prepared from the company's accounting records and delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations, and its accounting period may not match the statutory accounts period exactly. A confirmation statement is a separate filing that confirms the company's registered information is up to date.

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

Some new companies do qualify, but it is not automatic and it is not based on being newly formed. Eligibility depends on the company meeting the relevant thresholds and conditions for the accounting period, which may include turnover, balance sheet total and employee numbers. Where a company qualifies, FRS 105 is the standard that applies to the micro-entity framework. We assess this as part of preparing the accounts.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts, and the accounts still need to be prepared and submitted. If a company has missed a date, the sensible step is to get the position reviewed promptly so the filing can be completed and any appeal eligibility considered properly.