─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wakefield, with Professional Preparation and Filing Support

Micro Entity Accounts supports newly incorporated limited companies in Wakefield with First Year Accounts for Limited Company preparation. If your company has been incorporated recently, its first set of statutory accounts is one of the earliest compliance tasks to plan for, and setting the structure up properly in year one makes the following years considerably easier. We review the accounting records you hold, prepare the balance sheet and, where the applicable reporting framework requires it, a profit and loss account, then prepare the statutory accounts for delivery to Companies House where required. Where your company also has Corporation Tax obligations, these are dealt with separately with HMRC: a Corporation Tax Return such as a CT600 is a different filing with its own purpose and its own destination. Directors in Wakefield come to us because the process is explained clearly, the figures are checked properly, and someone is available to answer the questions that only appear once the first year is finished.

🔥 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

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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? A Guide for New Limited Companies in Wakefield

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not triggered by trading. Every UK limited company, including newly incorporated companies in Wakefield, is expected to prepare accounts for its accounting period and to deliver statutory accounts to Companies House where required. The first accounting period normally starts on the date of incorporation and runs to the company’s first accounting reference date, which is set by reference to the incorporation date. That is why a first accounting period can be longer than a standard twelve-month year, and why the date on which accounts are due follows from the company’s own dates and the applicable Companies House requirements rather than a single universal deadline. What the accounts actually contain depends on the company’s circumstances and the reporting framework that applies to it. A company that meets the relevant eligibility criteria for the accounting period may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility is assessed separately and is not automatic: a newly incorporated company is not automatically a micro-entity, and limited activity or low turnover does not by itself confirm qualification. Where the micro-entity framework does not apply, small company reporting or full reporting requirements may be relevant instead. Under the micro-entity framework the accounts are typically shorter, but a balance sheet, the required notes and the necessary statements are still prepared. It also helps to keep Statutory accounts are distinct from several other obligations that are sometimes lumped together. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period does not necessarily match its statutory accounts period. A confirmation statement is a separate filing that keeps the information on the public register current. Preparing and filing first-year accounts does not, on its own, complete those other obligations, and none of these filings substitutes for another.

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 Wakefield Prepared and Filed with Confidence

Working out whether your first set of statutory accounts is complete, consistent with your records and ready for Companies House is difficult when you are also running the company. Micro Entity Accounts works with newly incorporated limited companies in Wakefield on First Year Accounts for Limited Company preparation, record review and filing support where it applies. If you are unsure which reporting framework fits your company, how the first accounting period has been set, or how the accounts sit alongside separate Corporation Tax and confirmation statement requirements, professional support takes the guesswork out of it. Speak to us about your company’s position, and we will explain what needs to be prepared, what information we need from you, and what happens next.

─── 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 for its initial accounting period. That period normally runs from the date of incorporation to the company's first accounting reference date. The accounts include a balance sheet with the required notes and statements, and are delivered to Companies House where required. They are separate from a Corporation Tax Return and from a confirmation statement, even though all three may fall within a company's first year.

When are first-year accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not identical for every company. Rather than assume a date, we check the details recorded at Companies House for your company and confirm the applicable filing deadline before preparation begins. Because first-year periods can be longer than twelve months, it is worth diarising the obligation early rather than waiting until the year end is in sight.

What information is needed to prepare first-year accounts?

In practice we usually start with bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets purchased, director loan or expense transactions, share capital information and any loans or finance agreements. Where the company runs payroll or is VAT registered, those records are relevant too. If activity has been limited, we will still look at the records that exist, because the correct reporting position depends on the company's circumstances rather than on how much has happened.

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

A limited company is generally required to prepare accounts and to deliver statutory accounts to Companies House where required, regardless of whether it has started trading or generated income. Having no significant accounting transactions does not automatically mean the company is dormant, and the reporting position depends on the applicable rules. Directors remain responsible for ensuring the company meets its obligations, even when an accountant is engaged to prepare and file the accounts on its behalf.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Figures from the accounts often feed into the tax return, but the two filings serve different purposes, go to different destinations and do not complete one another. The company's first Corporation Tax accounting period may also differ from its statutory accounts period.

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

Some newly incorporated companies do qualify, but eligibility is assessed against the applicable requirements for the relevant accounting period and the company's own circumstances. Being new, small or lightly traded does not automatically make a company a micro-entity, and FRS 105 does not apply to every new limited company. We check eligibility before preparing accounts on that basis, and where the micro-entity framework is not appropriate we use the framework that fits.

Do I still need to file a confirmation statement?

Yes, generally. A confirmation statement is a separate filing that keeps your company's details at Companies House up to date, and it is not replaced by filing first-year accounts. Directors in Wakefield and elsewhere usually need to keep both obligations in view, along with any separate Corporation Tax requirements, and to make sure the information held on the register is accurate.

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 can differ depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to get the accounts prepared and delivered. Penalty appeals are possible in some circumstances, but eligibility depends on the facts and the applicable rules; we can talk you through your options if the position arises.