─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Uttoxeter — Prepared and Filed Correctly

If your company has recently been incorporated, its first set of statutory accounts arrives sooner than many directors expect. Micro Entity Accounts prepares First Year Accounts for Limited Company clients in Uttoxeter, working from your accounting records to produce a balance sheet and, where applicable, a profit and loss account under the reporting framework the company is eligible to use. We review what you already have, point out gaps in the records, and prepare the accounts for delivery to Companies House where required. Where the company also has Corporation Tax obligations, we can help prepare the information needed for a CT600 — a separate submission made to HMRC, not to Companies House. Directors remain responsible for the company’s compliance, but professional preparation takes much of the guesswork out of the first accounting period.

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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 Limited Company in Uttoxeter?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period — the period that begins on the date of incorporation. Any company required to prepare accounts will reach this point, whether or not it has started trading, issued invoices or made a profit. The accounts are prepared for the company, its directors and its members, and are then delivered to Companies House where the company’s filing requirements call for it. They are not the same as a Corporation Tax Return: a CT600 is submitted separately to HMRC, and the two filings have different purposes, different destinations and, in some cases, different accounting periods. A confirmation statement is different again — it confirms the company’s registered details and does not replace the accounts. The first accounting period usually runs from the incorporation date to the company’s first accounting reference date, which is set when the company is formed. Companies House may treat the first period differently from later ones, so the first set of accounts can cover a longer or shorter span than the twelve months that apply afterwards. That is one reason the first filing often catches directors out: the period is not automatically a neat year ending on the date they might assume. The applicable filing deadline follows from the accounting reference date and the rules for first accounts, so it is worth confirming the position for your own company rather than relying on a later year as a guide. Some companies will qualify as micro-entities and be able to prepare simpler accounts under the micro-entity framework, which uses FRS 105 as the financial reporting standard for qualifying entities. Eligibility is assessed against the applicable conditions for the relevant accounting period, and a newly incorporated company is not automatically a micro-entity — nor does a low level of activity on its own settle the question. If the criteria are not met, a small-company or other reporting framework may be more suitable, and determining which one applies is a normal part of preparing first year accounts in Uttoxeter because it affects the format and disclosure of what is filed. Where the company has had little or no activity, the position still needs to be considered rather than assumed. A company with no significant accounting transactions may have a dormant reporting position, but that depends on the specific circumstances and the applicable rules, and not yet trading is not the same as dormant. Directors should also remember that first year accounts sit alongside other obligations: maintaining adequate accounting records, keeping Companies House information up to date, and dealing with Corporation Tax where the company is within the charge to it. Preparing the accounts is one part of the company’s first-year compliance picture, not the whole of it.

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 Uttoxeter — Straightforward Preparation and Filing Support

Most directors of newly incorporated companies reach the same sticking point: the records are incomplete, the accounting reference date means little, and it is unclear which reporting framework actually applies. Micro Entity Accounts can take that on — reviewing your accounting records, preparing the statutory accounts, and supporting you with delivery to Companies House where required, with clear pricing and no hidden costs. We will also make clear where a Corporation Tax Return or confirmation statement sits alongside the accounts, so you know what else your company needs to deal with. If your first accounting period is approaching or already under way, it is worth speaking to someone who works with new limited companies every day.

─── 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 the initial accounting period that starts on the date of incorporation. They normally include a balance sheet and, where applicable, a profit and loss account, along with any notes the relevant reporting framework requires. They are prepared for the company, its directors and its members, and are delivered to Companies House where the company's filing requirements call for it. They are separate from a Corporation Tax Return and from a confirmation statement.

When are first year accounts due?

The deadline depends on the company's accounting reference date and the rules that apply to a first set of accounts. The first period runs from the date of incorporation and can cover more than twelve months, so it does not always look like a standard year. Because the calculation is company-specific, directors in Uttoxeter should check the dates held at Companies House for their own company, or ask us to confirm the position before the period closes.

What information is needed to prepare first year accounts?

Usually the company's accounting records for the period: bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, director loan movements, share capital information, and any loans or finance agreements. Payroll records matter where the company has run a payroll, and VAT records where it is registered. If the company has traded very little, we still work from whatever records exist so the accounts reflect the actual position.

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

In most cases, yes — a company required to prepare accounts will also have a filing requirement, and having little or no activity does not automatically remove it. Where a company has had no significant accounting transactions, its reporting position needs to be considered on its own facts rather than assumed to be dormant. We can look at the circumstances and explain what is likely to apply.

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

No. Statutory accounts are delivered to Companies House where required, whereas a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often feed into the tax return, but the two are prepared for different purposes and can cover different periods, particularly in the first year. Filing one does not complete the other.

Does a company need to file a confirmation statement as well as its first year accounts?

Yes, where one is due. A confirmation statement is a separate filing that confirms the company's registered information, such as its directors, shareholders and registered office, and it does not replace the annual accounts. New companies in Uttoxeter often have both an accounts filing and a confirmation statement to keep on top of in the early months, so it helps to track them as distinct obligations.

Can a new company qualify for micro-entity accounts?

It may do, but qualification is not automatic. Micro-entity status depends on meeting the eligibility conditions for the relevant accounting period, and it is not decided simply by being newly incorporated or by having modest income. Where a company does qualify, the micro-entity framework and FRS 105 allow simpler accounts with reduced disclosure. If it does not qualify, a small-company or another framework may be appropriate.

What happens if first year accounts are filed late?

Failing to file by the applicable deadline can lead to consequences from Companies House, which may include a penalty that increases the longer the accounts remain outstanding. The outcome depends on the company's filing history and how late the accounts are, and paying any penalty does not remove the obligation to file. If accounts have been filed late because of circumstances outside the director's control, an appeal may be possible, though eligibility depends on the applicable rules and the specific situation.