─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Willenhall — Prepared and Filed With Confidence

Your company’s first set of statutory accounts is a significant milestone, and it is worth getting right from the outset. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Willenhall with the preparation of their first-year accounts, starting with a review of the accounting records you hold and a clear explanation of what is required for your company’s initial accounting period. We then prepare the statutory accounts and file them with Companies House where required. Where a Corporation Tax Return or CT600 is also due, we can help with that separately — it is an HMRC requirement and a distinct filing from your Companies House accounts, even though the figures behind both are drawn from the same underlying records.

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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 limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, which is set when the company is formed and can be shortened or extended in certain circumstances. For a newly incorporated company, the first period is often longer than the twelve months that later accounting periods tend to cover, which is one reason first-year accounts can look different from the accounts a company prepares in subsequent years. Preparing these accounts is not optional simply because the company is new or has had limited activity. A company incorporated in Willenhall — or anywhere else in the UK — generally has to prepare accounts and deliver them to Companies House where required, even if trading has not yet started or transactions have been minimal. Whether a company with very little activity is treated as dormant for reporting purposes depends on its own circumstances and the applicable rules, so that position is worth checking rather than assuming. The term “micro company” comes into play here, but it is not automatic. A company may qualify to use the micro-entity accounting framework if it meets the eligibility requirements for the relevant accounting period, and qualifying entities typically prepare accounts under FRS 105, the financial reporting standard that applies to the micro-entity regime. Many newly incorporated companies do fall within those thresholds, but eligibility has to be considered on the facts, and the appropriate framework is confirmed once the company’s position is understood. If a company does not qualify as a micro-entity, it may instead fall within the small-company framework or need to prepare accounts on a fuller basis. It is also worth being clear about what first-year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC rather than Companies House, and they are separate again from a confirmation statement, which keeps the company’s registered details up to date on the Companies House register. The figures in your accounts may well feed into your Corporation Tax position, and the two obligations often run alongside each other, but they are distinct filings with different purposes and different destinations. Preparing or filing one does not complete the others. Directors remain responsible for making sure the company meets its statutory obligations, including keeping adequate accounting records and ensuring the accounts are filed on time. Engaging an accountant is support with preparing, reviewing and filing the required information — it does not transfer that legal responsibility away from the directors.

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 Limited Company Accounts Prepared Properly

If your company has recently been incorporated in Willenhall and you are unsure what its first set of statutory accounts needs to include, how the first accounting period works, or which reporting framework applies, you are not alone — these are among the most common questions directors ask in their first year. Micro Entity Accounts can review the records you have, prepare accounts on the correct basis for your circumstances, and handle filing with Companies House where required, with clear pricing and no hidden costs. If a CT600 or confirmation statement is also due, we can explain how those fit alongside your accounts so nothing gets overlooked. Speak to us before your first year-end approaches and you can start your second year with the records and the reporting framework already in good order.

─── 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 period from incorporation to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, together with any notes required by the reporting framework you use. Once prepared, they are delivered to Companies House where required.

When are first accounts due?

The deadline depends on your company's incorporation date and accounting reference date rather than following one fixed rule for every company. Companies House sets the first accounting reference date when the company is incorporated, and the filing deadline is calculated from that period end. Because the first period can be longer than twelve months, it is worth confirming your company's specific dates early rather than working from a general assumption.

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

Usually bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director transactions or loans, and payroll or VAT records where those apply to your company. Not every company will have all of these — a newly incorporated company with limited activity may have very little to provide, and we will tell you what is actually needed for your circumstances.

Do new limited companies have to file accounts with Companies House?

Generally yes, where the company is within scope of the filing requirements. Being newly incorporated, having minimal activity, or not yet having started trading does not by itself remove the obligation to prepare accounts and deliver them where required. If your company has had no significant accounting transactions, the correct reporting treatment depends on your circumstances and the applicable rules rather than being automatically treated as dormant.

How are first-year accounts different from annual accounts?

The principles are largely the same, but the first period is often longer than twelve months and may include set-up costs, share capital and early transactions that do not repeat in later years. The layout and framework used in later years can also change if your company's size or activity moves it in or out of a particular reporting regime.

Are first-year accounts the same as a CT600?

No. Statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The accounting figures are usually the starting point for the tax return, but the two filings have separate purposes and separate destinations, and completing one does not complete the other. Your company's first Corporation Tax accounting period may also differ from the period covered by its statutory accounts.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework if they meet the eligibility requirements for the relevant accounting period, and qualifying entities commonly prepare accounts under FRS 105. It is not automatic, though — low turnover alone does not confirm eligibility, and a company may instead fall within the small-company framework. We confirm the appropriate basis once we have looked at your company's position.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If your accounts are already overdue, getting them prepared and submitted promptly is the priority — we can help you understand your position in Willenhall and what steps are sensible from here.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms your company's registered details, such as directors, shareholders and registered office, are correct on the Companies House register. Filing your first-year accounts does not satisfy that obligation, and submitting a confirmation statement does not file your accounts.