─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Malling, Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone that many directors meet with more questions than answers. Micro Entity Accounts works with newly incorporated and newly trading limited companies in West Malling to prepare clear, accurate First Year Accounts for Limited Company purposes — reviewing the accounting records you hold, building the balance sheet and, where applicable, the profit and loss account, and delivering those accounts to Companies House where required. Because the first accounting period does not always follow the same pattern as later years, it is worth getting the structure right from the outset. Where a company also has Corporation Tax obligations, we can help with the figures that feed into that work, but it is important to be clear that a CT600 is a separate submission made to HMRC and is not the same as filing accounts with Companies House.

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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?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional and they are not simply a formality attached to incorporation — they are the formal record of the company’s financial position and performance for that first period, and they generally need to be filed with Companies House where required. For directors in West Malling running a newly incorporated company, the first accounts often arrive sooner than expected, and the period they cover can be different from the twelve-month pattern that applies in later years. The first accounting period normally begins on the date of incorporation, and the company’s accounting reference date is set at incorporation, typically to the end of the month in which the company was incorporated twelve months later. That means the first period can run for longer than twelve months depending on the incorporation date, so the closing date of the first accounts and the filing deadline that follows are not automatically the same for every company. Directors should check their company’s specific accounting reference date and the applicable Companies House requirements rather than assuming a standard pattern. A company may be able to use the micro-entity accounting framework if it meets the eligibility requirements for the relevant accounting period. Micro-entity accounts are prepared under FRS 105, the financial reporting standard applicable to qualifying entities using that framework, and the format is more streamlined than full statutory accounts. Eligibility is not automatic — it depends on the company’s size and circumstances as measured against the applicable thresholds, and it should be assessed for each period. A newly incorporated company is not automatically a micro-entity, and FRS 105 does not apply simply because a company is new or small in its first few months. It is also worth separating out the different filings that sit around a company’s first year. First-year statutory accounts are the company’s accounts for its initial period and are delivered to Companies House. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where the company has Corporation Tax obligations, and the first Corporation Tax accounting period does not necessarily match the statutory accounts period. A confirmation statement is a further, separate filing that confirms the company’s registered details are correct. Completing one does not complete the others, so directors should keep track of each obligation on its own terms.

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

If your company has recently been incorporated and you are unsure what the first set of statutory accounts needs to include, which reporting framework applies, or what has to be sent to Companies House, you are not alone — these are among the most common questions directors raise in their first year. Micro Entity Accounts provides professional preparation and filing support for first-year limited company accounts, working from the records you hold, explaining what is required at each stage, and helping you understand how your accounts filing sits alongside other obligations such as a Corporation Tax Return or a confirmation statement. Getting the first accounts right sets a cleaner foundation for the years that follow, so it is worth having them reviewed and prepared properly from the start.

─── 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 for its initial accounting period, covering the period from incorporation (or from the start of trading activity, depending on the circumstances) through to the company's first accounting reference date. They 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 a formal statutory document rather than an internal summary.

When are first-year accounts due to be filed?

The deadline depends on your company's accounting reference date, which is set when the company is incorporated, and on the length of the first accounting period. First periods can run longer than twelve months, so the filing date is not the same for every company. The most reliable approach is to check your company's own accounting reference date and the current Companies House guidance, then work back from there. We can confirm the position for your company when we prepare the accounts.

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

It varies by company, but typically we would look at bank statements and transaction records, sales and income records, purchase invoices and business expenses, any assets bought for the company, share capital details from incorporation, director loans or other financing, and payroll or VAT records where those apply. If your company has had very little activity, we will still review what exists so the accounts reflect the actual position rather than an assumed one.

Do newly incorporated limited companies in West Malling have to file accounts with Companies House?

In most cases yes — statutory accounts generally need to be delivered to Companies House where required, and that obligation exists independently of whether the company has started trading or made a profit. Being newly incorporated does not remove the requirement. Companies House receives the accounts; it does not prepare them, and filing does not mean the accounts have been reviewed or approved in any regulatory sense.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are the company's accounts for its initial period and are filed with Companies House. A CT600 is a Corporation Tax Return submitted to HMRC, and it is a separate filing with a separate purpose. The figures in your accounts are often used when preparing the Corporation Tax position, but filing one does not complete the other, and the first Corporation Tax accounting period may not be identical to the statutory accounts period.

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

It can qualify if it meets the eligibility requirements for the relevant accounting period — but qualification is not automatic and should not be assumed simply because a company is new or has modest activity. FRS 105 is the financial reporting standard used by qualifying entities adopting the micro-entity framework. We assess eligibility against the applicable criteria before deciding which framework is appropriate for your accounts.

Does filing first-year accounts replace the confirmation statement?

No, they are separate obligations. The confirmation statement confirms that the company's details held at Companies House — such as directors, registered office and share information — are correct. Filing your first-year accounts does not satisfy that requirement, and you may still need to submit a confirmation statement while keeping your registered information up to date.

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, which may include penalties that increase the longer the accounts remain outstanding. Paying a penalty does not remove the requirement to file. If accounts are already overdue, or you believe there was a valid reason for the delay, we can look at the position with you — whether an appeal is available depends on the circumstances and the applicable rules.