─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Waterlooville, Prepared and Filed for You

Your company’s opening set of statutory accounts shapes how straightforward the rest of your compliance calendar feels. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Waterlooville to prepare their First Year Accounts for Limited Company from the records you hold, reviewing bank transactions, income, expenses, asset purchases and director movements as they apply to your circumstances. Once the figures are agreed, we can assist with delivering the accounts to Companies House where required, and with the separate Corporation Tax position, including a CT600 submitted to HMRC where applicable. The two are distinct filings with different destinations, and we help you keep track of both.

🔥 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, and Why Do They Matter?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its opening accounting period. When a company is incorporated, Companies House sets an accounting reference date. The first accounting period generally runs from the incorporation date, or from the date the company began trading where that is relevant, up to that first reference date. That often means the opening period is longer or shorter than twelve months, so the first accounts do not always look like later years. These accounts are not optional. A limited company registered in Waterlooville, like any other UK company, is expected to prepare annual accounts and deliver them to Companies House where required, even where activity in the period has been limited. The accounts normally include a balance sheet and, depending on the framework that applies, a profit and loss account, together with the necessary notes and statements. Company directors remain responsible for the accounting records that sit behind those figures. Some companies are eligible to report under the micro-entity framework, which uses the financial reporting standard FRS 105. Newly incorporated companies often do fall within the eligibility thresholds, but this is not automatic and it is not decided simply by incorporation. Eligibility depends on the company’s size and circumstances for the relevant accounting period, and where a company does not qualify as a micro-entity it may still be able to report as a small company under a different framework. We review which basis fits before preparation begins. It also helps to keep first-year accounts separate from other filings. Statutory accounts are 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 the first Corporation Tax accounting period may not be identical to the statutory accounts period. A confirmation statement is a further, separate filing that updates the public register and does not replace the accounts.

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 Waterlooville Prepared with Professional Support

If this is your first set of accounts, the uncertainty usually is not about the trading itself but about what has to be prepared, on what basis, and where it needs to go. Micro Entity Accounts can take that on for you: reviewing your accounting records, confirming whether a micro-entity or small-company framework applies, preparing the first-year statutory accounts and assisting with the Companies House filing where required, while keeping the separate Corporation Tax position in view. Fixed-fee support with clear pricing and no hidden costs means you know where you stand before work starts. Whether you are a contractor, a startup founder, a property or ecommerce company operating through a limited company in Waterlooville, or a director who simply wants the opening period done properly, it is worth speaking to someone who prepares these accounts as part of their routine work.

─── 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, covering its opening accounting period. That period normally starts on the incorporation date, or when trading began where that differs, and ends on the company's first accounting reference date set by Companies House. Under the applicable reporting framework the accounts generally include a balance sheet, supporting notes and, where relevant, a profit and loss account. Directors remain responsible for ensuring the accounts are prepared and filed correctly, even when an accountant handles the preparation.

When are first accounts due to be filed?

The timing depends on your company's incorporation date, its accounting reference date and the rules Companies House applies to a first set of accounts, which can produce a different deadline from later years. Rather than working from an assumed date, it is best to check the specific dates recorded for your company and plan backwards from there. If Corporation Tax applies, HMRC deadlines for a CT600 and any payment are separate from the Companies House accounts filing date.

What information is needed to prepare first-year accounts?

It varies by company, but the starting point is usually complete accounting records: bank transactions and statements, sales and income records, business expenses and purchase invoices, asset purchases, share capital details, any director loans or transactions, and loans or finance agreements. Payroll or VAT records may also be relevant where the company has those arrangements. If activity has been minimal, we simply work with what exists and confirm what, if anything, needs to be reconstructed.

Does a new limited company have to file accounts with Companies House?

Generally yes, where the filing requirements apply to the company, and being recently incorporated does not remove that obligation. A company with limited activity or no trading yet may still have statutory filing responsibilities, and its position depends on the applicable rules and its particular circumstances. We can review whether a dormant or non-trading basis genuinely applies rather than assuming it does.

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

No, and treating them as one process is a common cause of missed filings. The statutory accounts are 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 the periods used for tax and for accounts are not always identical. A confirmation statement is a separate Companies House filing that confirms the registered information. Completing one does not automatically complete the others.

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

Filing obligations can still apply. Where there have been no significant accounting transactions, the correct reporting position depends on the company's circumstances and the applicable rules, and it does not automatically follow that the company is dormant for filing purposes. Accounts may still need to be prepared and delivered, and any Corporation Tax position considered separately. We look at what actually happened in the period before recommending a route.

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

Possibly, but not automatically. FRS 105 is the financial reporting standard used by entities that qualify for the micro-entity framework, and eligibility depends on meeting the applicable criteria for the relevant accounting period. Some newly incorporated companies qualify; others do not, and a company that does not qualify may still be able to report as a small company. We assess eligibility before preparation and explain which framework we are using and why.

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 company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to prepare and deliver them as soon as possible. Appeal options exist in certain circumstances and eligibility depends on the facts, so it is worth taking advice rather than assuming a particular outcome.