─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If your newly incorporated company is approaching the end of its first accounting period, our First Year Accounts for Limited Company service in Wanstead London is built to take the uncertainty out of that first filing. We confirm the accounting reference date and the period the accounts must cover, review the accounting records behind the figures, and prepare statutory accounts that present the company’s position properly — a balance sheet, and a profit and loss account where applicable. Once prepared, the accounts can be filed with Companies House where required. Where Corporation Tax applies, we will also explain how that fits alongside the accounts: a CT600 is submitted to HMRC separately and is not the same as filing accounts at Companies House. Directors in Wanstead London who want their first-year figures checked carefully before the deadline, with clear pricing and no hidden costs, can get that support from us.

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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? Guidance for New Limited Companies in Wanstead London

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are not optional, and they are not something a company can set aside simply because it is new or has only recently started operating. When a company is incorporated, Companies House sets an accounting reference date, and the first accounting period usually runs from the incorporation date to that date. That first period can be longer than twelve months, which is one reason first-year reporting often looks different from the accounts prepared in later years. Directors should always check the dates that actually apply to their own company rather than assuming a standard twelve-month period. Micro-entity reporting is one route a company may take. Some limited companies may qualify for the micro-entity accounting framework if they meet the applicable eligibility requirements for the relevant accounting period. Where a company qualifies, FRS 105 — the financial reporting standard applicable to qualifying entities using the micro-entity framework — allows a simplified format for the accounts. It does not follow that every newly incorporated company, or every startup with modest activity, is automatically a micro-entity. Eligibility depends on the company’s circumstances and the requirements that apply to that period, and it is worth confirming before preparation begins. The accounts themselves normally include a balance sheet showing assets and liabilities at the period end and, where applicable, a profit and loss account. The reporting also addresses the basis of preparation and the directors’ responsibilities for the company’s records and filings. The completed accounts are then delivered to Companies House where required, within the applicable filing deadline. This is a Companies House obligation and is separate from Corporation Tax: a Corporation Tax Return such as a CT600 is a different filing, made to HMRC where applicable, and the periods covered by the two can differ. It is also worth being clear about what first-year accounts are not. They do not replace a confirmation statement, which is a separate Companies House filing that keeps the public register up to date. They do not replace the company’s bookkeeping records, and they do not settle a Corporation Tax position on their own. For directors of newly incorporated companies in Wanstead London, the practical starting point is straightforward: keep accurate records as transactions happen — bank transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions, share capital details, loans and finance, and payroll or VAT records where those apply — and take advice early on the framework and filing position so the first set of accounts is prepared on the right basis.

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.

Have Your First Year Accounts for Limited Company in Wanstead London Prepared Accurately

One of the most common concerns we hear from directors is simple: they are not certain what the first set of accounts should contain, which reporting framework applies to the company, or what has to go to Companies House and what has to go to HMRC instead. Micro Entity Accounts works with newly incorporated companies on exactly that — reviewing your accounting records, preparing the first-year statutory accounts under the framework the company is eligible for, and filing with Companies House where required. If your bookkeeping is incomplete, or the company has had very limited activity so far, we can work with what exists and explain what is still needed before the accounts can be finalised. If you would rather start your first accounting period with the figures in good order, get in touch and we will confirm what applies to your company.

─── 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 annual accounts a limited company prepares for its initial accounting period, covering the period from incorporation through to the company's first accounting reference date. They report the company's financial position for that period — typically a balance sheet and, where applicable, a profit and loss account — and must be prepared under the reporting framework the company is eligible for. They differ from the company's later annual accounts mainly because there are no comparative figures for a previous period and because the first accounting period can be longer than twelve months.

When are first accounts due?

The due date depends on the company's incorporation date and the accounting reference date that Companies House sets, along with whether the first accounting period has been shortened or extended. Because the first period can run for more than twelve months, first-year deadlines are not identical for every company. The most reliable approach is to check the dates recorded for your own company and, where you are unsure, confirm the position before the period ends rather than after. We can review the applicable dates for a company in Wanstead London and plan the preparation around them.

What information is needed to prepare first-year accounts?

It depends on what the company has done during the period. Commonly needed items include bank transactions and statements, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, director transactions and any director's loan movements, share capital information, and details of loans or finance agreements. If the company has run payroll or is VAT registered, those records are relevant too. A newly incorporated company with very little activity may only have a small number of items to provide, which is perfectly workable.

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

A limited company generally has statutory accounts filing obligations where required, and this applies to new companies as well as established ones. A company does not escape those obligations simply because it has not started trading, has had limited activity or has not yet generated revenue. The exact filing position depends on the company's circumstances and the applicable Companies House requirements. Filing accounts is also separate from the company's confirmation statement, which remains a distinct filing obligation, and separate from any Corporation Tax Return due to HMRC.

Do first-year accounts need to be filed if the company has not traded?

Possibly, yes. Preparing and filing statutory accounts is a Companies House matter, and a company can still have filing obligations even where there has been little or no activity. Whether the company is properly described as dormant depends on its circumstances and the applicable rules, so it is not something to assume automatically — a company that has had no significant accounting transactions is not necessarily dormant for reporting purposes. Where a company is dormant for Corporation Tax purposes, that position is notified to HMRC separately and does not in itself complete the accounts filing.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the members 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 it serves a different purpose. The figures in the accounts are often used when working out the company's tax position, but the two filings have separate destinations and separate requirements. It is also worth noting that a company's first Corporation Tax accounting period does not always match the period covered by its statutory accounts.

Can a new company qualify for micro-entity accounts?

It may do, if it meets the applicable eligibility requirements for the relevant accounting period. Qualification is not automatic, and it does not follow from the fact that a company is new or that its activity has been modest so far. Where a company qualifies, FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework, and it allows a simplified format. The appropriate framework should be determined from the company's circumstances and the requirements in force for that period, which is something we check before preparing the accounts.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome can vary depending on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is always to complete and deliver them. Where an appeal is considered, eligibility depends on the specific circumstances and the applicable rules. Directors of companies in Wanstead London who think a deadline may have been missed should act quickly rather than leave the position unresolved.