─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wickford

Your company’s first set of statutory accounts sets the tone for everything that follows, and getting them right matters more than many newly incorporated directors expect. Micro Entity Accounts provides professional support with First Year Accounts for Limited Company in Wickford, from reviewing the accounting records you hold through to preparing the statutory accounts and delivering them to Companies House where required. We look at how your first accounting period has been set up, what the figures actually show, and whether the reporting framework you are using suits the company’s circumstances. Where the company also has Corporation Tax obligations, we can help you understand how the accounts information feeds into a Corporation Tax Return such as a CT600 — a separate submission made to HMRC, not to Companies House. Whether you incorporated recently and have barely begun trading, or you are already issuing invoices through your Wickford company, the aim is the same: clear, accurate accounts prepared properly the first time.

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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 New Limited Company?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period, covering the period from incorporation (or from when the company began its first accounting period) up to its first accounting reference date. Every limited company has an accounting reference date, which Companies House sets when the company is incorporated. Directors can change it in certain circumstances, but unless that happens, the first accounting period is built around the original date. It is worth noting that the first period is not always the same length as later periods, and the rules that determine whether it is shortened or extended depend on the company’s circumstances. First-year accounts are not optional. A limited company is required to prepare accounts and, where applicable, deliver them to Companies House, even if trading has been limited or has not yet started. Accounts prepared for the company’s members typically include a balance sheet, and where the applicable framework requires it, a profit and loss account, along with the notes and statements required by that framework. Directors remain responsible for keeping adequate accounting records and for ensuring the company meets its statutory obligations, even when an accountant is engaged to prepare and file the accounts. Some companies may qualify to report using the micro-entity framework, with FRS 105 being the financial reporting standard applicable to qualifying entities that use it. Eligibility depends on meeting the relevant criteria for the accounting period and is not automatic for every newly incorporated company — it needs to be checked against the company’s circumstances. Other companies may fall within the small company regime instead. It is important not to confuse first-year statutory accounts with other filings. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and is a separate requirement with its own purpose. A confirmation statement is also separate, and filing accounts does not replace it. Likewise, VAT Returns and payroll submissions sit outside the statutory accounts process. The accounts provide the financial picture; the other filings serve different functions and may or may not apply to your company.

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.

Have Your First Year Accounts Prepared by People Who Do This Every Day

If you are unsure what your company’s first accounting period covers, which records you need to gather, or which reporting framework applies, you are not alone — these are the questions directors ask most often in the months after incorporation. Micro Entity Accounts can review your accounting records, prepare your first-year statutory accounts and support you with filing them at Companies House where required, so the figures presented are consistent with the information you hold. We will also flag where Corporation Tax, confirmation statement or other compliance matters sit separately, so nothing gets treated as done when it is not. If your first accounts are approaching, or you simply want to understand what is involved before the deadline does, get in touch and we will talk you through it.

─── 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 your company prepares for its initial accounting period, starting from incorporation or from when the first accounting period began, and ending on the company's first accounting reference date. They typically include a balance sheet and, where the applicable reporting framework requires it, a profit and loss account, together with the notes and statements that framework demands. They are a legal requirement for a limited company and are separate from a Corporation Tax Return.

When do first accounts need to be filed?

The deadline depends on your company's accounting reference date, its incorporation date, whether this is genuinely the company's first set of accounts, and the filing rules that apply at the time. Companies House treats first accounts slightly differently from later ones, so it is worth confirming your specific due date rather than assuming it matches your year-end date. Your company's registered details and Companies House correspondence will indicate the date that applies to you.

What information is needed to prepare first-year accounts?

Usually the records you have kept since incorporation, such as bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, share capital details, director transactions or loans, and any VAT or payroll records where those apply. Not every company will have all of these — a company with limited activity may have very few. Directors in Wickford and elsewhere are responsible for keeping adequate accounting records, and the more complete they are, the more straightforward the accounts preparation tends to be.

Does a new company have to file accounts with Companies House even if it has not traded?

In many cases a company still has statutory accounts and filing obligations even where activity has been minimal or trading has not commenced. Whether the company is treated as dormant for filing purposes depends on its circumstances and the applicable rules, and that is not something to assume automatically. If you are unsure how your company's position should be reported, it is worth taking advice before deciding nothing needs to be filed.

Are first-year accounts the same as a Corporation Tax Return or CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable and is a distinct obligation. Accounting information from the accounts is often used when preparing the Corporation Tax position, and the company's first Corporation Tax accounting period may not align exactly with its statutory accounts period. Filing one does not complete the other.

Can a newly incorporated company qualify for micro-entity accounts under FRS 105?

Some companies may qualify for the micro-entity framework if they meet the eligibility conditions for the relevant accounting period. FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Being new, small or having low turnover does not automatically mean a company qualifies — eligibility has to be assessed against the applicable requirements, and a company may be better served by the small company regime instead.

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

Yes, in most cases. A confirmation statement is a separate filing that confirms the company's registered information at Companies House is correct, and it is not replaced by filing first-year accounts. Companies generally need to keep their details up to date and submit confirmation statements when due. The accounts and the confirmation statement are different documents with different purposes.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. Where a company believes there were valid reasons for the delay, appeal eligibility depends on the circumstances and the applicable rules — it is not guaranteed. If your accounts are already overdue, the priority is getting them prepared and filed.