─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wimbledon, Prepared and Filed with Professional Support

A company’s first set of statutory accounts is one of the earliest pieces of formal reporting it will produce, and it is easy to underestimate what is involved. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Wimbledon to prepare First Year Accounts for Limited Company purposes, building the figures from the accounting records you hold and presenting them in the format appropriate to your company’s reporting framework. We review bank transactions, sales and expense records, asset purchases and director or shareholder activity, then prepare a balance sheet and, where applicable, a profit and loss account that reflect what has actually happened since incorporation. Where Companies House filing is required, we can deliver the accounts on your behalf. Where Corporation Tax applies, the same underlying figures may support the separate CT600 submission to HMRC, which is a distinct requirement with its own process and its own destination. Directors stay responsible for the company’s compliance throughout, and our fees are set out clearly in advance so you know exactly what is being prepared and filed.

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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 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 generally set by reference to the anniversary of incorporation and confirmed on the Companies House register. Because a first accounting period can be longer than a standard twelve-month year, the figures it covers are not always directly comparable with later trading periods, and the disclosures required can differ from those in subsequent sets of accounts. These accounts are not optional simply because the company is new, quiet or has only recently started operating. A limited company is required to prepare accounts and, where required, to deliver them to Companies House. A company with limited activity, or one that has not yet commenced trading, may still have statutory filing obligations, and its reporting position should be assessed on its own facts rather than assumed to be dormant. Whether a company is treated as dormant for Companies House or HMRC purposes is a separate question from whether it has been newly incorporated. Some companies are eligible to prepare accounts under the micro-entity framework, which uses a simplified format and a reduced level of disclosure compared with larger reporting regimes. Eligibility is not automatic and does not follow from low activity alone: it depends on the company meeting the applicable conditions for the relevant accounting period. FRS 105 is the financial reporting standard that applies to entities using the micro-entity framework. Where a company does not qualify, another framework such as the small company regime may be the correct basis. In practice we confirm the appropriate framework before preparation begins, because it determines the shape and content of the accounts. It also helps to separate the main filings that are often confused with each other. First year statutory accounts are prepared for the company’s members and delivered to Companies House where required, in the required format. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC and may cover a different period from the statutory accounts, since the first Corporation Tax accounting period and the statutory accounts period do not always align. A confirmation statement is a third, separate filing that confirms the information Companies House holds about the company. Completing one of these does not discharge the others, and filing accounts does not automatically settle a company’s Corporation Tax position. For directors in Wimbledon dealing with their first set of accounts, understanding that division of responsibilities is usually the point at which the process becomes much clearer.

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 for Limited Company in Wimbledon Prepared Correctly

Most directors of newly incorporated companies reach the same point of uncertainty: the company has been trading, or has been largely inactive, and nobody is entirely sure which figures belong in the first set of accounts, which reporting framework applies, or what has to be sent to Companies House. Micro Entity Accounts exists to remove that uncertainty. We will look at the records you have, tell you plainly what is still missing, prepare the accounts on the correct basis for your circumstances, and handle the Companies House filing where it is required. If Corporation Tax or a confirmation statement also applies, we will explain how those fit alongside the accounts without treating them as the same thing. Directors remain responsible for the company’s obligations, but there is no reason to work through a first filing alone when experienced support is available.

─── 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?

First year accounts are the first set of annual statutory accounts a limited company prepares, covering its initial accounting period. That period usually starts on the date of incorporation and ends on the company's first accounting reference date. The accounts typically include a balance sheet and, where applicable, a profit and loss account, together with the notes and statements required by the reporting framework the company uses. They are prepared for the company's members and are delivered to Companies House where required.

When are a company's first accounts due?

There is no single answer that applies to every company, because the deadline is worked out from the incorporation date and the company's accounting reference date. Companies House generally allows a longer period for a company's first accounts than it does for later years, but the exact date still depends on the individual company's dates as recorded on the register. The accounting reference date can also be changed in certain circumstances, which affects the period the accounts cover. We confirm the relevant date for your company rather than applying a general rule.

What information is needed to prepare first year accounts?

It depends on what the company has actually done since incorporation, but the usual starting point is bank statements and transaction records, sales or income records, purchase invoices and expense receipts, details of any assets bought, share capital information, and any loans or director transactions. Where the company runs payroll or is VAT registered, those records are relevant too. If activity has been minimal, the accounts can still be prepared, but we need to see the records that exist in order to reflect the position accurately.

Do new limited companies have to file accounts with Companies House even if they have not traded?

A newly incorporated company still has statutory accounts obligations, and having little or no activity does not automatically remove them. Whether accounts must be filed, and on what basis, depends on the company's circumstances and the applicable requirements. A company with no significant transactions is not automatically dormant for filing purposes, as dormancy involves separate tests. Directors in Wimbledon and elsewhere should check the position rather than assume nothing needs to be sent.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared for the members and filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate obligation with a separate purpose. The two often use the same underlying accounting information, but filing accounts does not submit a Corporation Tax Return, and filing a return does not complete the Companies House accounts requirement. The first Corporation Tax accounting period may also differ from the period covered by the statutory accounts.

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

Some newly incorporated companies may qualify for the micro-entity framework, but it is not automatic and it does not follow from being small or new. Eligibility depends on the company meeting the applicable conditions for the relevant accounting period, and FRS 105 is the standard used by entities reporting under that framework. Where a company does not qualify, another framework may apply. We assess this before preparing the accounts, because it affects the format and level of disclosure.

Does filing first year accounts remove the need for a confirmation statement?

No. A confirmation statement is a separate filing that confirms the information Companies House holds about the company, such as its registered office, directors and shareholders. It is not the same as statutory accounts, and filing one does not replace the other. A company may therefore need to deal with both, alongside any Corporation Tax obligations that apply.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include a penalty. The outcome depends on how late the filing is and on the company's filing history, so it is not the same in every case. Paying a penalty does not remove the requirement to file the outstanding accounts, and the accounts still need to be prepared and delivered. Where an appeal is considered, eligibility depends on the circumstances and the applicable rules.