─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A newly incorporated limited company has statutory accounts obligations from the outset, and the first set is often the one directors find least familiar. The initial accounting period may not run for a full twelve months, the accounting reference date is fixed by reference to the incorporation date, and the figures that appear in the first balance sheet depend entirely on what activity has actually taken place. Micro Entity Accounts works with directors of newly incorporated and newly trading companies in Wimborne to prepare first year statutory accounts, review the underlying accounting records, and deliver those accounts to Companies House where required. Where Corporation Tax applies, it remains a separate matter: a CT600 is submitted to HMRC, not to Companies House. Support is provided on clear, fixed-fee terms with no hidden costs, whether your company has been trading for months or has only recently begun.

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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 Does Your New Limited Company Qualify?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, it has an accounting reference date, and its first accounting period is generally measured from the incorporation date to that reference date. That period may be longer or shorter than twelve months, and it is not identical for every company, so the period and the related filing position should always be checked against the individual company’s records rather than assumed. The accounts themselves are built from the company’s accounting records. Depending on the company’s circumstances, that might include bank transactions, sales and income records, purchase invoices, business expenses, asset purchases, director transactions, share capital details and any loans or finance arrangements. Where payroll or VAT records exist, those are relevant too. From this information, a balance sheet is prepared and, where applicable, a profit and loss account, along with any notes required by the reporting framework used. Statutory accounts are delivered to Companies House where required. Two other obligations are often confused with this. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and it serves a different purpose — the company’s first Corporation Tax accounting period and its statutory accounts period may not be identical. A confirmation statement is also separate and does not replace the accounts filing. Completing one does not complete the others. Some limited companies may qualify to report under the micro-entity framework, and where they do, FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility is assessed against the applicable requirements for the relevant accounting period and should be confirmed rather than assumed. Not every newly incorporated company qualifies, and a company that does not meet the criteria may instead fall within the small company regime or need to prepare accounts under a fuller framework.

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 Wimborne Prepared and Filed Correctly

If your company has recently been incorporated in Wimborne, the uncertainty usually is not about trading — it is about what the first set of accounts needs to include, which records are good enough, and which framework applies. Micro Entity Accounts can help you work through those questions, prepare your first statutory accounts from the information you hold, and file them with Companies House where required. Where Corporation Tax applies, the separate CT600 position and the records behind it are reviewed alongside the accounts so nothing important is overlooked. Speak to us before the first accounting period closes and the preparation becomes a straightforward, well-organised exercise rather than a scramble at the end.

─── 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 accounts a company prepares for its initial accounting period, covering the period from incorporation (or from the start of trading, depending on how the period is set) through to its accounting reference date. They typically include a balance sheet, and a profit and loss account where applicable, together with any notes required by the reporting framework the company uses. They are prepared from the company's accounting records and are delivered to Companies House where required.

When are first-year accounts due?

There is no single answer that applies to every company. The first accounting period, the accounting reference date and the resulting filing deadline all follow from the company's incorporation date and the applicable Companies House requirements, and a first period is often treated differently to later periods. The deadline should be confirmed against your own company's details rather than estimated. We can check the position for your company and work to the relevant date.

What information is needed to prepare first-year accounts?

It depends on what the company has done. Commonly relevant records include bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets bought, director loan transactions, share capital information, and any finance or loan agreements. Payroll records where staff have been paid and VAT records where the company is registered may also be needed. If the company has been quiet, far fewer records will apply — we will tell you what is actually required.

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

Incorporation brings statutory obligations, and filing accounts with Companies House where required is one of them. A company cannot disregard its accounts because it is new, or because it has only recently started trading. That said, the specific obligations depend on the company's circumstances and the applicable rules, and Companies House does not prepare or approve the accounts — the directors remain responsible for the information filed.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts often inform the Corporation Tax position, but the two filings have different purposes, different destinations and separate requirements. One does not automatically complete the other, and the company's first Corporation Tax accounting period may not match its statutory accounts period.

Do we need to file first-year accounts if the company has not traded?

A company may still have statutory filing obligations even where activity has been limited or trading has not yet commenced, so this should not be assumed either way. Whether accounts are required, and whether the company is treated as dormant for Companies House or HMRC purposes, depends on the company's circumstances and the applicable rules. It is worth checking the position rather than deciding on your own.

Can a new company qualify for micro-entity accounts?

It may do, if it meets the applicable eligibility requirements for the relevant accounting period. Micro-entity reporting is not automatic, and a company does not qualify simply because it is newly incorporated, small or has low turnover. Where an eligible company uses the micro-entity framework, FRS 105 is the standard that applies. If it does not qualify, a different framework will be appropriate, and we can confirm which one fits your company.

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, and those consequences are not necessarily the same in every case. Settling any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is better to deal with the position promptly — and where an appeal is considered, eligibility depends on the circumstances and the applicable rules rather than being guaranteed.