─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Horndon — Prepared and Filed with Professional Support

Incorporating a limited company brings a set of statutory reporting duties that apply whether or not the business has started trading yet. Micro Entity Accounts helps directors in West Horndon deal with the first of those duties: preparing the company’s opening set of statutory accounts. That means reviewing the accounting records behind the figures, drafting the accounts for the relevant accounting period and supporting the delivery of those accounts to Companies House where required. Because a first accounting period can be longer or shorter than a standard twelve months, we also look carefully at how the incorporation date and accounting reference date shape what actually needs to be prepared. Corporation Tax is a separate matter — where the company has a liability to report, a CT600 is submitted to HMRC independently of the Companies House accounts filing. Our focus is making sure the first-year accounts themselves are accurate, consistent with the records held and prepared for the applicable deadline.

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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 Does That Framework Apply?

First year accounts — often called the first statutory accounts — are the opening set of annual accounts a limited company prepares for Companies House, covering its initial accounting period. For a newly incorporated company, that period normally starts on the date of incorporation and runs to the company’s first accounting reference date. It is not automatically twelve months long; a first period can be longer or shorter, and the exact dates depend on the incorporation date and the accounting reference date assigned to the company. Directors in West Horndon often assume the deadline works the same way for everyone, but it is the company’s own reference date and period of account that determine when the accounts need to be delivered. Some companies are eligible to prepare accounts under the micro-entity framework, using FRS 105, the financial reporting standard that applies to qualifying micro-entities. Eligibility is assessed against the conditions in force for the relevant accounting period, so it is not something that can be assumed simply because a company is new or has limited activity. Where the micro-entity framework does not fit, another reporting framework may be more appropriate, and that should be considered on the company’s own circumstances. It also helps to keep the various obligations separate. First year 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 company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A confirmation statement is a further, separate filing. None of these replaces the others, and keeping accurate accounting records throughout the first period makes each of them far easier to deal with.

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.

First Year Accounts for Limited Company in West Horndon — Accurate Preparation and Filing Support

Most directors reaching the end of their opening accounting period face the same uncertainty: the income and expenses are sitting in the bank feed and the invoices, but turning them into a proper set of statutory accounts is something they have never had to do before. Micro Entity Accounts works with newly incorporated limited companies on precisely that step, reviewing the records you hold, preparing the first-year accounts and supporting the filing with Companies House where required. If you are unsure whether the micro-entity framework, the small company regime or another basis of preparation suits your position, that can be reviewed as part of the work rather than guessed at. Speak to us about your first accounting period, the information needed to get started and how your accounts can be brought together accurately.

─── 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, covering its initial accounting period. That period usually begins on the date of incorporation and ends on the company's first accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account, along with any notes required by the reporting framework the company uses. They are prepared from the company's accounting records and are separate from any Corporation Tax Return submitted to HMRC.

When are first year accounts due?

The due date is worked out from the company's accounting reference date rather than from the date the accounts are actually prepared, and Companies House applies a set timescale from that date. Because the first accounting period can be longer or shorter than twelve months depending on the incorporation date, the deadline is not identical for every company. It is worth checking the specific reference date and period shown on the Companies House record for your company early on.

What information is needed to prepare first year accounts?

It depends on what the company has actually done. Typical items include bank statements and transactions, sales and income records, purchase invoices and business expenses, asset purchases, director loan movements, share capital details, and any finance or loan agreements. Where the company runs payroll or is VAT registered, the relevant records also feed into the figures. A company with very little activity will need far less, but the underlying records still need to be complete and accurate.

Do newly incorporated companies in West Horndon have to file first year accounts with Companies House?

In most cases, yes. A limited company is generally required to deliver statutory accounts for its first accounting period, and that obligation does not disappear simply because the company has not started trading or has had minimal activity. Where a company has had no significant transactions, its reporting position depends on its particular circumstances and the applicable rules — it should not automatically be treated as dormant. Directors in West Horndon can check the position with us before assuming nothing needs to be filed.

Are first year accounts the same as a CT600?

No, they are different filings with different destinations. The statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Figures from the accounts are often used when preparing the Corporation Tax position, but delivering the accounts does not submit a CT600, and filing a CT600 does not complete the Companies House accounts requirement.

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

It may do, but not automatically. Micro-entity reporting under FRS 105 depends on meeting the eligibility conditions that apply for the relevant accounting period. A newly incorporated company with low turnover does not qualify purely because it is small or new — the tests need to be applied. If the company does not meet them, the small company regime or full reporting may be the appropriate framework instead.

Does filing first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details, such as its officers, registered office and share information, are up to date. Preparing and filing the first-year accounts does not satisfy that requirement, and filing a confirmation statement does not satisfy the accounts requirement. Both should be tracked separately so nothing slips once the company is up and running.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to Companies House consequences, and the outcome varies depending on how late the filing is and the company's filing history. Paying any penalty that arises does not remove the obligation to file the outstanding accounts. If accounts are already overdue, the priority is to get accurate accounts prepared and delivered, and we can assist with that and explain the options available in your circumstances.