─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Walden, Prepared and Filed With Confidence

Your company’s first set of statutory accounts sets the tone for everything that follows. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Walden with the preparation of those first-year accounts, starting with a proper review of the accounting records you hold — bank transactions, sales and expense records, share capital information, asset purchases and any director transactions. From there, we prepare the statutory accounts in the format required for your company, including a balance sheet and, where applicable, a profit and loss account, and we file them with Companies House where required. It is worth being clear about one thing from the outset: filing statutory accounts with Companies House is not the same as dealing with Corporation Tax. A limited company may also need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, and that is a separate obligation with its own purpose and destination. Our role is to help you understand which requirements apply to your company and to support you through the first accounting period without the guesswork.

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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 How Do They Fit Into a New Company's Obligations?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation — or from the date the company began its accounting period — up to its first accounting reference date. Directors of a newly incorporated company in Walden often assume that nothing needs to be done until the company has been running for some time, but that is not the case. Statutory accounts are a legal requirement for a limited company, and the reporting position applies even where activity has been limited or trading has not yet commenced. The first accounting period is not always the same length as later periods; Companies House rules allow for a first period that differs from the standard twelve months, and the exact period depends on the company’s incorporation date and accounting reference date. For that reason, it is worth checking the specific dates that apply to your company rather than assuming a standard pattern. A qualifying company may be able to prepare accounts under the micro-entity framework, using the financial reporting standard applicable to micro-entities, FRS 105. That said, eligibility is assessed against the applicable requirements for the relevant accounting period, and not every new or small company qualifies — turnover, balance sheet total, employee numbers and other conditions all feed into the assessment. A company might instead fall within the small-company regime, or need to prepare accounts under a fuller framework altogether. Which one applies should be determined from the company’s own circumstances rather than assumed. It also helps to separate the different filings that sit around a new company. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted separately to HMRC, and the company’s first Corporation Tax accounting period may not line up exactly with its statutory accounts period. A confirmation statement is a further, separate filing that keeps the company’s public information up to date, and filing accounts does not replace it. Understanding these distinctions early makes the whole first-year cycle far easier to manage.

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 Walden Prepared Accurately

If your company has recently been incorporated and you are unsure what the first set of statutory accounts needs to include, you are not alone — it is one of the most common questions directors raise in the first year. Records may be incomplete, the accounting reference date may be unclear, and it is easy to confuse a Companies House accounts filing with a Corporation Tax Return submitted to HMRC. Micro Entity Accounts can help you work through those questions, prepare the first-year accounts in the appropriate reporting framework where your company is eligible, and handle the Companies House filing where required. Everything is handled on a clear, fixed-fee basis, with transparent pricing and no hidden costs, so you know where you stand before work begins. The directors remain responsible for the company’s statutory obligations, but professional support takes the technical preparation and filing off your desk. If your first accounting period is approaching, it is worth getting the accounts reviewed early rather than leaving it to the last moment — speak to us about your first-year accounts in Walden.

─── 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, covering its initial accounting period from incorporation (or the start of the period) up to its first accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and statements required by the reporting framework that applies to the company. They are prepared from the company's accounting records and are filed with Companies House where required.

Do newly incorporated companies in Walden have to file accounts with Companies House?

In general, yes — a limited company is expected to prepare and file statutory accounts for its accounting period, and that obligation is not removed simply because the company is new or has had limited activity. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules rather than automatically being treated as dormant. If you are unsure how this applies to your company, it is worth reviewing the position with an accountant before the filing date approaches.

When are first-year accounts due?

The deadline depends on your company's incorporation date and its accounting reference date, so it cannot be assumed to be the same for every company. The first accounting period is often different in length from later periods, which is one of the reasons first-year deadlines catch directors out. Rather than guessing, check the accounting reference date recorded at Companies House and confirm the applicable filing deadline for your company, or ask an accountant to confirm it for you.

What information is usually needed to prepare first-year accounts?

Most of the work is built from the company's accounting records. In practice that might include bank statements and transactions, sales and income records, purchase invoices and business expenses, details of assets bought or sold, share capital information, any loans or finance arrangements, director transactions, and payroll or VAT records where those apply to the company. Not every company will have all of these, and the exact list depends on what the business has actually done during the period.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations. The figures from the accounts are often used as a starting point when preparing the tax position, but the two filings serve different purposes and go to different places. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

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

Some companies do qualify, but not automatically. Eligibility is assessed against the applicable limits and conditions for the relevant accounting period, and factors such as turnover, balance sheet total and employee numbers are taken into account. A company that does not meet the criteria may fall within the small-company regime or need to prepare accounts under a fuller framework. FRS 105 is the standard used by qualifying entities adopting the micro-entity framework, and the right approach should be confirmed from your company's own circumstances.

Do first-year accounts replace the confirmation statement?

No, they are separate filings. The confirmation statement confirms that the information Companies House holds about the company — such as directors, registered office and share capital — is up to date, while the statutory accounts report on the company's financial position for the accounting period. A limited company may need to submit both, and filing the accounts does not satisfy the confirmation statement requirement.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the circumstances involved. Paying any penalty does not remove the requirement to file the outstanding accounts. If a filing deadline has already passed, the priority is usually to file as soon as the accounts are ready and to consider whether an appeal is appropriate for your situation, which depends on the applicable rules. Professional support can help you understand the position and get the accounts finalised.