─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If your company was incorporated recently and its first accounting period is drawing to a close, the first set of statutory accounts is one of the earliest formal milestones you will deal with as a director. Our First Year Accounts for Limited Company service in Wantage supports newly incorporated and newly trading companies through that process, beginning with a review of the accounting records you hold and the reporting framework that applies to your company. From there we prepare the statutory accounts, typically a balance sheet and a profit and loss account where applicable, and can file them with Companies House where required. Corporation Tax is a separate matter handled through HMRC, so where a CT600 is needed it is prepared and submitted separately from the Companies House accounts filing.

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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, and When Might Micro-Entity Reporting Apply?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not something a company grows into later; they mark the beginning of the company’s statutory reporting history and are generally required even where trading has been limited. For a company incorporated in Wantage, the first accounting period normally runs from the date of incorporation to the company’s first accounting reference date. That period is often longer or shorter than twelve months, and Companies House applies its own rules to how a first accounts period is treated. The length of the period, and the filing deadline that follows it, should therefore be confirmed from the company’s own incorporation details and accounting reference date rather than assumed. The accounts themselves typically include a balance sheet, a profit and loss account where applicable, and any notes or disclosures required by the framework used. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its filing obligations, even when an accountant prepares the figures on the company’s behalf. On the reporting framework: some companies may qualify to prepare micro-entity accounts, and FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility depends on the company’s circumstances and the applicable requirements for the relevant accounting period, so it is not something that can be assumed for a new company, and low activity or modest turnover alone does not settle the question. The appropriate framework is confirmed once the company’s position is reviewed. It is worth separating three distinct obligations. The statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the two filings have different purposes and destinations, so one does not complete the other. A confirmation statement is a further, separate filing that keeps the company’s registered information up to date. A company’s first Corporation Tax accounting period and its statutory accounts period may also not be identical, which is one reason the filings are handled on their own terms.

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 Wantage Prepared Properly

It is common for directors of newly incorporated companies to feel unsure about what the first set of accounts actually involves, which records are needed, and how the Companies House filing fits alongside anything owed to HMRC. Those are reasonable questions, and they are easier to answer once someone reviews the company’s incorporation details, accounting reference date and records. Micro Entity Accounts can prepare and review your first-year statutory accounts, confirm which reporting framework applies to your company, and support the Companies House filing where required, with clear pricing and no hidden costs. If your company is approaching the end of its first accounting period, or if the position is already unclear, talking it through with someone who deals with new companies regularly is the most practical first step.

─── 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 company prepares for its initial accounting period, covering the period from incorporation to the first accounting reference date. They usually include a balance sheet and a profit and loss account where applicable, together with any notes required by the reporting framework used. They are a statutory requirement for a limited company, not an optional exercise.

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

In most cases, yes. A limited company generally has a statutory duty to prepare annual accounts for its first accounting period and deliver them to Companies House where required, even where activity has been limited. The precise position depends on the company's circumstances and the applicable rules, and never having traded is not automatically the same as being dormant, so it is worth confirming rather than assuming.

How long is the first accounting period, and when are the accounts due?

The first accounting period usually begins on the date of incorporation and ends on the company's first accounting reference date. That first period is often longer or shorter than twelve months, and the filing deadline depends on the incorporation date, the accounting reference date and the applicable Companies House requirements. We confirm the deadline for your specific company before preparing anything, rather than applying a blanket date.

What information is needed to prepare first-year accounts?

It depends on the company, but typically bank transactions and statements, sales and income records, purchase invoices and business expenses, details of any assets bought, director transactions or loans, share capital information, and payroll or VAT records where those apply. Directors in Wantage often find that starting with a full set of bank statements and a folder of invoices is the quickest way to establish what is missing before accounts preparation begins.

Are first-year accounts the same as a CT600 or a confirmation statement?

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. A confirmation statement is a separate filing that keeps the company's registered details up to date. Filing one of these does not complete the others, and the information used to prepare them, although related, serves different purposes.

What if the company has not started trading or has had very little activity?

A company may still have statutory filing obligations even where it has had limited or no trading activity. Whether it can be treated as dormant, and what needs to be filed, depends on its circumstances and the applicable rules rather than on the absence of sales alone. If your company has had minimal transactions, we can look at the position and explain what is actually required.

Can a new limited company prepare micro-entity accounts?

Some companies may qualify for the micro-entity framework if they meet the applicable eligibility requirements for the relevant accounting period, and FRS 105 is the standard used by qualifying micro-entities. Not every newly incorporated company qualifies, and a small turnover figure on its own does not settle it. The appropriate framework is determined once the company's circumstances are reviewed.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, and the outcome may vary depending on how late the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If the accounts are already overdue, we can help you establish what needs to be filed and assist with the position; whether an appeal is available depends on the circumstances and the applicable rules.