─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in West Rainton — Professional Preparation and Filing Support

Your company’s first statutory accounts set the tone for every filing that follows. First Year Accounts for Limited Company in West Rainton are prepared from the accounting records a business keeps during its initial period — bank transactions, income and expenses, asset purchases, share capital and any director transactions — and they need to be accurate, sensibly structured and delivered to Companies House where required. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies through that process: reviewing the records, identifying the appropriate reporting framework, preparing the balance sheet and, where applicable, the profit and loss account, and assisting with the Companies House filing. Statutory accounts are a separate matter from Corporation Tax. A company may also need to prepare and submit a CT600 to HMRC where applicable, and that obligation runs to a different body, on its own timetable, with its own rules.

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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? A Practical Guide for West Rainton Directors

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They cover the period running from incorporation — or from the point the company began trading, depending on the circumstances — through to the company’s first accounting reference date. Preparing them is not optional simply because the company is new. A newly incorporated company has statutory accounts obligations from the outset, and those obligations can still apply where activity has been limited or trading has not yet started. In that situation the company’s reporting position depends on its specific circumstances and the applicable rules rather than being automatically treated as dormant. The first accounting period is shaped by the company’s incorporation date and accounting reference date. It does not follow that every new company has the same period length or the same filing deadline, so the dates for your own company are the ones that matter. The accounts themselves are built from the company’s accounting records. Depending on what the business has done, that might include bank transactions, sales and income records, purchase invoices and expenses, asset purchases, share capital information, director loans and other supporting documents. From those records we prepare a balance sheet and, where applicable, a profit and loss account. Smaller companies often ask whether they can report as a micro-entity. Some may qualify for the micro-entity framework and FRS 105 — the financial reporting standard for entities that meet the micro-entity eligibility conditions — but qualification has to be assessed against the applicable tests for the relevant period. Not every startup, and not every company with modest turnover, will qualify, and FRS 105 is not automatically the right answer for a new company. It is also worth being clear about what first-year accounts are not. They are not a Corporation Tax Return: a CT600 is submitted separately to HMRC where applicable, and accounting figures from the accounts may feed into that work without the two filings being the same thing. They are not a confirmation statement either — that is a separate Companies House filing that keeps the company’s registered details up to date.

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.

Let Us Prepare Your Limited Company's First Year Accounts in West Rainton

The months before a first accounts deadline often bring a familiar set of questions: which records actually matter, what the balance sheet should look like, whether the company qualifies for the micro-entity framework, and what genuinely has to go to Companies House. Micro Entity Accounts works with directors of newly incorporated limited companies in West Rainton to answer those questions and to prepare the first statutory accounts properly, from a review of the accounting records through to supporting the Companies House filing where required. We will also explain plainly how the accounts sit alongside any separate Corporation Tax, CT600 or confirmation statement obligations, so nothing is assumed or overlooked. Fixed-fee support and transparent pricing mean you know where you stand before work begins. If your first accounting period is approaching, getting the preparation right now is far easier than untangling it 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 are first-year accounts for a limited company?

They are the first set of statutory annual accounts a company prepares for its initial accounting period, covering the period from incorporation or the start of trading through to the first accounting reference date. Typically they include a balance sheet and, where applicable, a profit and loss account, prepared from the company's accounting records and delivered to Companies House where required.

When are first-year accounts due for a new company?

The deadline depends on the company's incorporation date and accounting reference date rather than following one fixed rule for every business. Companies House sets an accounting reference date when a company is incorporated, and the first accounts deadline is calculated from that, subject to the applicable requirements. Because the dates differ from company to company, it is worth confirming your own company's deadline rather than assuming a standard period applies.

What information is needed to prepare first-year limited company accounts?

We work from whatever the company has actually done during the period. That may include bank statements and transactions, sales and income records, purchase invoices and business expenses, asset purchases, share capital details, director loans and other supporting documents. Payroll and VAT records are relevant where those apply. A company with very little activity may have only a small number of records to work from, which is perfectly normal.

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

Where required, yes. A new limited company generally has statutory accounts obligations even if it is small or has only recently been incorporated. If the company has had limited or no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Directors should check the company's own position before deciding nothing needs to be filed.

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 serve different purposes and go to different destinations. Figures from the accounts can be useful when preparing the company's Corporation Tax position, but filing one does not complete the other, and the company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Do first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate Companies House filing that confirms the company's registered information is up to date, and it does not take the place of statutory accounts. A limited company may still need to file both, so first-year accounts should not be treated as covering the company's confirmation statement obligation.

Can a new company in West Rainton qualify for micro-entity accounts?

Some newly incorporated companies may qualify to report under the micro-entity framework and FRS 105, which is the financial reporting standard for entities meeting the micro-entity eligibility conditions. Qualification depends on the applicable tests for the relevant accounting period and on the company's circumstances, so it should be assessed rather than assumed. Where a company does not qualify, the small-company framework or another applicable basis may be more appropriate.

What happens if first-year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House can take action, which may include late filing penalties. The consequences are not identical in every case, and paying a penalty does not remove the obligation to file the outstanding accounts. Where an appeal is considered, whether it can s쳮d depends on the circumstances and the applicable rules. If your accounts are already overdue, dealing with them promptly is usually the sensible next step.