─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wadebridge, Prepared and Filed With Professional Support

Micro Entity Accounts supports newly incorporated and newly trading limited companies in Wadebridge with the preparation and filing of their first set of statutory accounts. First year accounts cover the company’s initial accounting period, and getting them right from the start creates a clear baseline for everything that follows. We review your accounting records, prepare a balance sheet and, where applicable, a profit and loss account with the supporting notes, and deliver the accounts to Companies House where required. Corporation Tax is handled separately: a limited company may also need to submit a CT600 to HMRC, which is a distinct filing with a different purpose and destination. If you are unsure what your first accounting period covers or which reporting framework applies to your company, professional support can help you approach it with confidence.

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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 Which Accounting Period Do They Cover?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company has only recently been incorporated. On incorporation, Companies House allocates an accounting reference date, and that date shapes the first accounting period and the length of time the accounts should cover. The first period often runs from the date of incorporation to the first accounting reference date, which can make it longer than twelve months; later periods are usually twelve months, although that is not always the case. Because the dates depend on the individual company, it is worth confirming what applies to your own record rather than assuming a standard pattern. The accounts are built from the company’s accounting records. Depending on what the company has done, that may include bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, share capital information from incorporation, director transactions, loans or finance arrangements, and payroll or VAT records where those apply. From those records, a balance sheet is prepared, together with a profit and loss account and notes where applicable. An eligible company may be able to use the micro-entity framework if it meets the eligibility requirements for the relevant period; FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. Not every new company qualifies, and FRS 105 does not apply automatically, so the appropriate framework is a decision to be made on the company’s circumstances. First year statutory accounts are also not the same thing as the company’s other compliance filings. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is a separate Companies House filing that confirms the information held on the public register, and filing accounts does not replace it. Bookkeeping records sit behind all of these as the underlying evidence. Where required, the completed first year accounts are delivered to Companies House as the company’s statutory filing. Directors remain responsible for ensuring the company meets its obligations, keeps adequate accounting records and approves the accounts, even where an accountant is engaged to prepare and submit them.

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 Wadebridge Prepared Correctly

Newly incorporated companies often reach the end of their first accounting period without a clear picture of what Companies House expects, which figures belong in the accounts, or whether a simplified framework is available to them. Micro Entity Accounts can take that work off your desk — reviewing your accounting records, preparing your first statutory accounts and supporting you through the Companies House filing where required, while keeping Corporation Tax and its separate HMRC reporting clearly in view. Whether you are a director in Wadebridge with a trading company, a contractor, a startup or a company that has been incorporated but is not yet active, our fixed-fee support comes with clear pricing and no hidden costs. Speak to us before your first period is finalised, so your accounts are prepared on the right basis from the outset.

─── 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 annual statutory accounts a limited company prepares for its initial accounting period, which normally begins on the date of incorporation and runs to the company's first accounting reference date. They usually include a balance sheet and, where applicable, a profit and loss account with supporting notes, and they are delivered to Companies House where required. These are formal accounts rather than an internal summary, so the figures and disclosures need to reflect the company's actual position for the period.

When do first accounts need to be filed with Companies House?

The filing deadline depends on the company's incorporation date and its accounting reference date, so it is not identical for every newly incorporated company. Companies House sets a first accounting reference date automatically when a company is incorporated, and the first accounting period is measured from there — in many cases that first period is longer than twelve months. Rather than relying on a general rule of thumb, check the specific dates on your company's record, or ask us to confirm what applies and build the preparation work around it.

What information is needed to prepare first year accounts?

Most first year accounts are prepared from the company's accounting records. Depending on your circumstances, that could include bank statements and transaction listings, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information from incorporation, director transactions and any loans or finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. A brand new company will not have all of these, and you only need to provide what reflects your actual activity — if something is missing, we can help you identify it.

Do newly incorporated companies have to file accounts even if they have not traded?

A limited company still has statutory obligations even where its activity has been limited or it has not yet begun trading. What that means in practice depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions is not automatically dormant — dormancy has its own conditions and the filing position differs accordingly. Directors of Wadebridge companies that have been set up but are not yet active often find a short conversation about the position useful before the first period ends.

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

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. They are separate filings with different purposes and destinations, although information from the accounts is often used when working out the company's tax position. Filing accounts with Companies House does not submit a CT600, and submitting a CT600 does not complete the Companies House filing. The company's first Corporation Tax accounting period may not be identical to its accounts period either.

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

Some newly incorporated companies qualify for the micro-entity framework if they meet the eligibility requirements for the relevant accounting period, which generally involve thresholds relating to turnover, balance sheet total and employee numbers. Not every new company qualifies, and low turnover on its own does not automatically bring a company within the framework. Where a company does qualify, FRS 105 — the financial reporting standard for entities using the micro-entity framework — may be appropriate, allowing a simpler format. Eligibility should be assessed for each period rather than assumed.

Is a confirmation statement included in the first year accounts?

No, a confirmation statement is a separate Companies House filing. It confirms that the information held on the public register, such as directors, registered office and share details, is up to date. Filing first year accounts does not replace it, and keeping the register current does not remove the need to file accounts. Most companies need to deal with both, alongside any Corporation Tax obligations that apply to them.

What happens if first year accounts are filed late?

Missing the applicable deadline can lead to Companies House consequences, which may include penalties that increase the longer the accounts remain outstanding. The outcome depends on the circumstances and how late the filing is, so it is not the same in every case. Paying a penalty does not remove the requirement to file the outstanding accounts. If a filing has been missed, the practical step is to prepare and submit the accounts as soon as possible; whether an appeal is available depends on the circumstances and the applicable rules.