─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Byfleet, Prepared Properly From the Start

Your company’s first set of statutory accounts sets the tone for everything that follows, so it is worth getting them right. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company in West Byfleet, working with directors of newly incorporated and newly trading companies to prepare statutory accounts, review the underlying accounting records and file with Companies House where required. We will also flag where a separate Corporation Tax Return, such as a CT600, may be needed for HMRC, since that is a distinct filing with a different purpose and destination. Because the reporting framework — micro-entity, small company or otherwise — depends on your company’s eligibility and circumstances, we take the time to check which basis applies before anything is prepared.

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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, and When Do They Apply?

First-year accounts are the first set of annual statutory accounts a newly incorporated limited company prepares for its initial accounting period. They are not optional simply because the company is new, and a company may still have filing obligations even where trading has not yet started or activity has been limited. Your first accounting period normally runs from the date of incorporation, and the accounting reference date set at incorporation shapes when the first accounts fall due — although the exact period and deadline depend on your incorporation date, your accounting reference date and the applicable Companies House requirements, so it is worth confirming your own position rather than assuming it matches another company’s. The term “micro company” is often used loosely, but micro-entity reporting is a specific framework rather than a default. A company may qualify to prepare accounts under the micro-entity regime, using the financial reporting standard applicable to qualifying entities, if it meets the eligibility requirements for the relevant accounting period. Many newly incorporated companies with straightforward affairs do qualify, but not all do, and the appropriate framework always depends on the company’s circumstances — turnover, balance sheet position, employee numbers, group structure and the reporting rules in force for that period. FRS 105 does not automatically apply to every new limited company; it is the standard used by qualifying entities within the micro-entity framework. In practical terms, first-year statutory accounts usually include a balance sheet and, where applicable, a profit and loss account and notes, together with the directors’ responsibilities and approval on the face of the accounts. Where required, the accounts are delivered to Companies House. This is not the same as submitting a Corporation Tax Return to HMRC. A CT600 is a separate filing to a separate authority, and although information from the accounts is often used when preparing the company’s tax position, the two processes serve different purposes and have different deadlines. Likewise, a confirmation statement is a further separate obligation, covering company information held on the register rather than the financial results — filing first-year accounts does not replace it, and filing the confirmation statement does not replace the accounts. If your company has had no significant accounting transactions, its reporting position still depends on its specific circumstances and the applicable rules rather than being automatically treated as dormant.

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 West Byfleet Prepared Accurately

The first accounts filing is often the point where directors of new companies in West Byfleet realise how many small decisions feed into a set of statutory accounts — how transactions have been recorded, which reporting framework applies, what the balance sheet should show and what still needs to be sent to Companies House. Micro Entity Accounts can take that work off your desk: reviewing your accounting records, preparing the first-year statutory accounts on the correct basis, and supporting the Companies House filing where required, while making clear which obligations sit with HMRC instead. If you would rather have the first set of accounts prepared properly than attempt it from a standing start, speak to us about your company’s circumstances and we can explain what is needed.

─── 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 your company prepares, covering the initial accounting period from incorporation to your first accounting reference date. They typically include a balance sheet, and where applicable a profit and loss account and notes, along with the directors' approval. Once prepared, they are generally filed with Companies House where required. They are separate from a Corporation Tax Return and from a confirmation statement.

When are first accounts due?

The deadline depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements, so there is no single answer that applies to every new company. Companies House does apply different rules to a first set of accounts compared with later periods, which is one reason directors sometimes get caught out. The sensible approach is to confirm your company's specific accounting period and filing date early, then work backwards from it.

What information do you need to prepare first-year accounts?

As a starting point: bank statements and transaction records, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director's loan movements, and any loans or finance agreements. Payroll records are relevant where the company has employees, and VAT records where the company is registered. Not every company will have all of these — what matters is having a complete and accurate record of what actually happened during the period.

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

In most cases, yes — being newly incorporated does not remove the obligation to prepare and file statutory accounts where required. The filing date itself varies according to the company's accounting reference date and the rules that apply to first accounts. If your company has had very little activity or has not yet started trading, that does not automatically mean there is nothing to file, so it is worth checking the position rather than assuming it.

Are first-year accounts the same as annual accounts?

They are the same type of document — statutory accounts prepared for an accounting period — but the first set is treated differently in a couple of respects. The first accounting period can be longer than twelve months, and the filing deadline rules for a first set of accounts are not identical to those for later years. From the second period onwards, the cycle becomes more predictable.

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

Not trading does not automatically mean there is nothing to report. If the company has had no significant accounting transactions, its position depends on its circumstances and the applicable rules, and describing it as dormant is a formal decision rather than an assumption. Directors should check what is actually required for their company rather than skip the filing because activity has been minimal. Corporation Tax obligations are also separate and need their own review.

Are first-year accounts the same as a CT600?

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. They are prepared for different authorities and serve different purposes, and completing one does not complete the other. Your first Corporation Tax accounting period and your statutory accounts period may not be identical either, so both should be reviewed together but handled as separate filings.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, and where they do, FRS 105 is the standard that applies to that reporting basis. However, eligibility is not automatic and does not follow from being a startup or from having low turnover alone — it depends on meeting the applicable eligibility requirements for the relevant accounting period. We assess this before preparing anything, so the accounts are produced on the correct basis.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, and the outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If a company has missed its date, the priority is to prepare and submit the accounts as soon as possible and then consider whether an appeal is appropriate, since appeal eligibility depends on the circumstances and the applicable rules.

Is a confirmation statement part of the first-year accounts?

No — a confirmation statement is a separate filing that confirms the company information held on the Companies House register, and it is not a substitute for statutory accounts. A limited company may still need to submit confirmation statements and keep its registered details up to date, regardless of when its first accounts are due. Filing the accounts does not complete that obligation.