─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Winchester, Prepared and Filed Properly

For a newly incorporated limited company, the first set of accounts is a milestone that is easy to underestimate. Between incorporation and the first accounting reference date, transactions, share capital, director loan movements and business expenses all need to be captured accurately so the figures reflect what actually happened. Micro Entity Accounts prepares and reviews first-year statutory accounts for limited companies in Winchester, examines the accounting records behind them, and files them with Companies House where required. Where Corporation Tax applies, we can explain how a CT600 fits alongside the accounts — a separate submission made to HMRC, not to Companies House, and not completed automatically by an accounts filing.

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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 How Do They Work for a New Winchester Limited Company?

First-year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They are the opening entry in the company’s reporting history: a formal record of its assets and liabilities, its income and expenditure where applicable, and the notes needed to explain them. The period covers the company’s earliest trading or non-trading activity, beginning around incorporation and ending on its first accounting reference date. That first period can run for longer than the twelve months a company will usually adopt later on, which is one reason the dates are worth checking rather than assuming. Once prepared, first-year statutory accounts are generally filed with Companies House where required. Filing is a statutory obligation for the great majority of companies, and a quiet year does not automatically remove it. A company with limited or no significant accounting transactions still has a reporting position to consider, although whether dormant accounts are appropriate depends on the applicable rules and the company’s own circumstances — dormancy is not something to assume by default. Eligible companies may be able to report under the micro-entity framework, which is a simplified format, and FRS 105 is the financial reporting standard that applies to qualifying entities using it. That eligibility is not automatic for a new company. It depends on the balance sheet total, turnover and employee numbers for the relevant accounting period, along with the type of company and any exclusions that apply. Some companies will qualify, some will not, and the correct framework should be determined before preparation begins. It is equally important to separate the different compliance threads. Statutory accounts are delivered to Companies House. A Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation, and although the two can draw on the same underlying figures, they serve different purposes and have different destinations. Filing one does not complete the other. A confirmation statement is a third, separate filing that keeps the company’s information on the register up to date. In practice, the company’s first Corporation Tax accounting period and its statutory accounts period may not run to identical dates, so both should be reviewed rather than assumed to match. For directors in Winchester running a newly incorporated company, the practical work usually starts with the accounting records: bank transactions, sales and income records, purchase invoices, asset purchases, director transactions, share capital details, loans and finance, and payroll or VAT records where those apply. Directors remain responsible for the company meeting its obligations even when an accountant is engaged, and our role is to assist with preparing, reviewing and filing the required information accurately.

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.

First Year Accounts for Limited Company in Winchester, Handled on a Clear and Organised Basis

If your company has recently been incorporated and the first accounts deadline is starting to feel unclear, you are not alone — many directors are unsure what the first accounting period covers, which records matter, and which reporting framework applies. Micro Entity Accounts can take that uncertainty off your desk by reviewing your accounting records, preparing first-year statutory accounts, confirming whether micro-entity reporting is available to you, and filing with Companies House where required. We will also flag where a separate CT600 or confirmation statement may be needed, so you are not left assuming one filing covers everything. Get in touch to talk through your company’s position with someone who deals with first-year accounts regularly.

─── 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 a company prepares for its initial accounting period. They normally include a balance sheet, a profit and loss account where applicable, and supporting notes, and they are filed with Companies House where required. For a company that has recently been incorporated, this is the first formal reporting exercise rather than an optional one.

When are first year accounts due?

There is no single answer that fits every company. The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, and the first set of accounts often covers a longer period than later years. We confirm the relevant dates for your company once we have the details, rather than working from a general rule.

What information is needed to prepare first year accounts?

Typically the certificate of incorporation, details of share capital issued, bank statements and transactions, sales or income records, purchase invoices, expense receipts, asset purchases, director loan movements, and any loans or finance arrangements. Payroll and VAT records are also relevant where the company has those obligations. Not every company will have all of these, and we work with what actually applies to yours.

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

In most cases, yes. A limited company generally has to prepare and file statutory accounts for its first accounting period where required, even where activity has been limited. Having no significant transactions does not automatically remove the obligation, although the right reporting treatment depends on the company's circumstances and the applicable rules.

Are first year accounts the same as a CT600?

No. Statutory accounts are filed with Companies House, whereas a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. The figures may overlap, but they are separate filings with separate purposes, and completing one does not complete the other. The company's first Corporation Tax accounting period may also differ from its statutory accounts period.

Do first year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement keeps the company's information on the Companies House register up to date, and it does not replace the annual accounts, nor do the accounts replace it. A newly incorporated company may need to deal with both, so it is worth tracking them separately.

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

Some do, but not all. Micro-entity reporting depends on meeting the eligibility criteria for the relevant accounting period, which include limits on balance sheet total, turnover and employee numbers, plus certain company types being excluded. Where a company qualifies, FRS 105 is the standard that applies to that framework. We check eligibility rather than assuming it.

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 the position can worsen the longer a filing remains outstanding. Paying any penalty does not remove the need to file the accounts. Appeal options exist in certain circumstances, and whether an appeal is available depends on the reasons and the applicable rules, so it is best to seek advice early if a filing has been missed.