─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

The first set of statutory accounts is rarely just a formality. It establishes how your company reports, what your opening balance sheet looks like and how the early accounting records translate into figures that stand up to scrutiny. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Warburton Lymm to prepare first-year statutory accounts, review the underlying accounting records, and deliver those accounts to Companies House where required. We also help directors understand how the first accounting period works and where that filing sits alongside separate HMRC obligations, such as a Corporation Tax Return or CT600 where one is due.

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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 — and When Does the Micro-Entity Framework Apply?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. That period generally begins on the date of incorporation and ends on the company’s first accounting reference date, which is why a first accounting period is often longer than the twelve months used for later years. The accounts are prepared from the company’s accounting records and normally include a balance sheet, and a profit and loss account where the applicable framework requires one, together with the notes and any statements required for the reporting framework being used. The director approves the accounts, and they are delivered to Companies House where required. A newly incorporated company may assume that nothing is due until it starts trading or generates income. In practice, a limited company will usually still have statutory filing obligations even during a period of limited activity, and it should not treat first-year accounts as optional purely because trading has not commenced. Where a company has had no significant accounting transactions, the correct reporting position depends on its individual circumstances and the applicable rules — it should not automatically be described as dormant without checking. Some companies may be eligible to prepare accounts under the micro-entity framework, which uses the financial reporting standard FRS 105. Eligibility is not automatic and does not follow from being newly incorporated or from having low turnover; it depends on whether the company meets the applicable criteria for the relevant accounting period, and the appropriate framework should be confirmed before the accounts are drafted. A company that does not qualify will report under a different framework. It is equally important to separate first-year statutory accounts from other compliance tasks. Statutory accounts are delivered to Companies House where required, while 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 further separate filing that keeps the company’s register information up to date, and filing first-year accounts does not replace it. Each obligation has its own purpose, destination and requirements.

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 Warburton Lymm Prepared Accurately

If your company has recently been incorporated and you are unsure what the first accounting period looks like, which reporting framework applies, or what Companies House expects to receive, you are not alone — these are among the most common questions new directors raise. Micro Entity Accounts provides fixed-fee support with preparing first-year statutory accounts from your accounting records, checking the figures with you before anything is finalised, and filing the accounts with Companies House where required. We will also flag where separate obligations, such as a Corporation Tax Return or a confirmation statement, may need attention. Getting professional input at this stage means the first accounts are built on records that make sense, rather than reconstructed months later from incomplete paperwork.

─── 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?

First-year accounts are the first set of statutory annual accounts prepared by a limited company for its initial accounting period, which generally runs from the incorporation date to the company's first accounting reference date. They are prepared from the company's accounting records under the reporting framework the company is eligible to use, are approved by the director, and are delivered to Companies House where required. They are a separate matter from a Corporation Tax Return, which is submitted to HMRC where applicable.

When are first-year accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. First accounts often have a different filing window from later years. The safest approach is to check the company's own Companies House record and the accounting period confirmed at Companies House, then plan the accounts preparation around that date rather than assuming a standard twelve-month cycle.

What information is needed to prepare first-year accounts?

It depends on what the company has done, but typical items include bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director's loan account movements, and any loans or finance arrangements. Where the company runs payroll or is VAT registered, the relevant payroll and VAT records feed into the figures as well. Not every company will have all of these, and the list should be tailored to the company's actual activity.

Does a newly incorporated company have to file accounts with Companies House if it has not started trading?

A limited company will usually still have statutory filing obligations even where activity has been limited or trading has not yet begun, so first-year accounts should not be ignored on that basis. Whether the company is dormant, non-trading or simply quiet depends on its circumstances and the applicable rules. If you are unsure how your company should be treated, it is worth confirming the position before the filing date rather than afterwards.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are delivered to Companies House where required, while a Corporation Tax Return, such as a CT600, is submitted to HMRC where one is due. They serve different purposes and go to different destinations, and filing one does not complete the other. The figures from the accounts are often used when preparing the Corporation Tax position, but the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new limited company qualify for micro-entity accounts under FRS 105?

It can, but not automatically. The micro-entity framework is available to companies that meet the applicable eligibility criteria for the relevant accounting period, and FRS 105 is the financial reporting standard used by qualifying entities under that framework. Being newly incorporated, having low turnover or being a startup does not by itself confirm eligibility. The appropriate framework should be assessed against the company's circumstances before the accounts are prepared, and for many companies in Warburton Lymm that assessment is a straightforward part of the accounts process.

Does filing first-year accounts replace the confirmation statement?

No — they are separate filings. A confirmation statement keeps the company's information at Companies House up to date, such as registered office, directors and share capital, while first-year accounts report the company's financial position and performance for the period. A company may need to submit a confirmation statement regardless of whether its accounts have been filed, and filing accounts does not satisfy that requirement.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and those consequences are not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. Where a company believes it has a valid reason for late filing, the position depends on the circumstances and the applicable rules, and we can help directors in Warburton Lymm review what happened and what steps to take next.