─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company Support in Wellingborough

Your company’s first set of statutory accounts sets the tone for everything that follows, and for directors of a newly incorporated business in Wellingborough it often raises more questions than later years do. The first accounting period can be longer than a standard twelve months, the reporting framework has to be considered properly, and the accounts themselves are delivered to Companies House where required. Micro Entity Accounts supports directors through that process — preparing first year statutory accounts from your accounting records, reviewing the figures with you, and handling the Companies House filing side of things. Where Corporation Tax also applies, we can help with the information that feeds into a CT600, but it is worth being clear from the start that a CT600 is submitted to HMRC and is a separate obligation from your Companies House accounts filing. If you are unsure what your first filing involves or what records you should be keeping, professional support at this stage usually saves considerable time later.

🔥 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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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?

First year accounts are the first set of statutory accounts a limited company prepares. They cover the company’s initial accounting period, which normally begins on the date of incorporation and runs to the company’s first accounting reference date. That first period is often longer than the twelve months used in later years, so the figures can cover a stretch of trading, or of minimal activity, that does not line up neatly with a conventional financial year. Every UK limited company is required to prepare statutory accounts for its accounting period and, where required, deliver them to Companies House. That obligation exists whether the company has been busy or quiet. If a business has had very limited activity, or has not yet started trading, the directors still need to consider what has to be reported — and whether the company’s circumstances mean it is genuinely dormant under the applicable rules, rather than simply assuming it is because no invoices have been issued. Directors of newly incorporated companies in Wellingborough frequently ask us to confirm that point before any figures are finalised. Some companies may be able to use the micro-entity accounting framework, which is a simplified reporting basis available to entities that meet the applicable eligibility requirements for the relevant accounting period. FRS 105 is the financial reporting standard used by qualifying micro-entities. It is not automatic, and eligibility is not decided by turnover alone — a company’s size, its circumstances and the reporting framework tests for that period all need to be considered. Where a company does not qualify as a micro-entity, small-company or full reporting requirements may apply instead, and the appropriate framework should be confirmed before preparation begins. The accounts themselves typically include a balance sheet, and a profit and loss account where the applicable framework requires one, along with any notes and a statement covering the directors’ responsibilities. The content depends on the framework used. For micro-entity accounts prepared under FRS 105, the disclosure requirements are reduced compared with larger frameworks. It also helps to separate first year accounts from the other filings a company may face. A confirmation statement is a Companies House filing that confirms company information such as directors, shareholders and registered office — it is not the statutory accounts and does not replace them. A Corporation Tax Return, usually submitted as a CT600, goes to HMRC rather than Companies House, and the company’s first Corporation Tax accounting period may not be identical to the period covered by its statutory accounts. Completing one does not complete the other.

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 Prepared and Filed with Confidence

Most directors of a newly incorporated company in Wellingborough are not short of questions at the end of their first accounting period: which figures belong in the accounts, which framework applies, what actually has to go to Companies House, and how that differs from anything due to HMRC. Micro Entity Accounts provides professional first year accounts preparation and filing support for eligible UK limited companies, working from your accounting records to produce accurate statutory accounts and handling the Companies House submission where required. We will also tell you plainly what sits outside that scope — a confirmation statement, a CT600 or a VAT Return are separate obligations with their own requirements. Whether your company has been actively trading or has had a quiet start, it is worth getting the first set of accounts right rather than treating it as something to work out later.

─── 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 exactly are first year accounts for a limited company?

They are the company's first set of annual statutory accounts, covering the initial accounting period. That period normally starts on the date of incorporation and ends on the company's first accounting reference date. Because incorporation can happen at any point in the year, the first period is frequently longer than the twelve-month periods used afterwards. The accounts are prepared from the company's accounting records and, where required, delivered to Companies House.

When do first accounts have to be filed?

The deadline depends on the company's incorporation date, its accounting reference date and the filing requirements that apply to it, so there is no single answer that covers every new company. Companies House does allow a longer period for a company's first accounts than for subsequent years, but the exact date should always be confirmed from the company's own records. If you are unsure where you stand, we can check the position for your company and work back from there.

What information do you need from me to prepare first year accounts?

It varies with the company, but typically we would ask for the certificate of incorporation and incorporation date, confirmation of the accounting reference date, details of share capital and any shares issued, bank statements and transaction records, sales and income records, purchase invoices and business expenses, details of any assets bought, and any director's loan account activity. Where the company runs payroll or is VAT registered, the relevant records are useful too. If some of this is thin because trading has been limited, that is not a problem — we work with what the company actually has.

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

Generally yes, where the filing requirements apply to that company. Being recently incorporated or having had little activity does not remove the obligation to prepare accounts and consider what needs to be filed. The one point worth being careful about is dormancy: a company with no significant accounting transactions may be able to file dormant accounts, but whether that treatment is appropriate depends on its circumstances and the applicable rules. It should not be assumed simply because no sales were made.

Are first year accounts the same as a CT600?

No, and the distinction matters. Statutory accounts go to Companies House where required. A Corporation Tax Return, typically submitted as a CT600, goes to HMRC and deals with the company's Corporation Tax position. The figures in the accounts often inform the tax return, but they are separate filings with separate purposes and separate destinations. A limited company may well have both obligations, and the first Corporation Tax accounting period does not always match the period covered by the statutory accounts.

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

Some newly incorporated companies can, but it is not automatic and it is not decided simply by having low turnover. Micro-entity status depends on meeting the applicable eligibility requirements for the relevant accounting period. Where a company qualifies, FRS 105 is the financial reporting standard it would use, which allows a simpler set of accounts with reduced disclosures. Companies that do not qualify would follow a different framework, so it is worth confirming before preparation starts rather than assuming.

Do I still need to file a confirmation statement as well?

Yes, in most cases. A confirmation statement is a separate Companies House filing that confirms details such as the company's directors, shareholders, share capital and registered office. It is not the statutory accounts, and filing accounts does not take its place. Many directors in Wellingborough find it helpful to have both looked at together so the company's Companies House information stays consistent with what appears in the accounts.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, which may include a late filing penalty. The level of any penalty depends on how late the accounts are and the type of company, so it is not the same outcome in every case. Paying a penalty does not remove the requirement to file the outstanding accounts. Where a penalty has been issued, whether an appeal is possible depends on the circumstances and the applicable rules — we can look at the position with you.