─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

Professional First Year Accounts for Limited Company in Wingrave Bucks

If you have recently incorporated a company, its first set of statutory accounts has to be prepared for the initial accounting period — and that first period rarely follows the neat twelve-month pattern that later years do. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Wingrave Bucks to prepare those first accounts properly, starting from a review of the accounting records you hold, including bank transactions, income, expenses, asset purchases, director transactions and share capital details. We then prepare the statutory accounts in the format that fits the company’s circumstances and reporting framework, and file them with Companies House where required. Where a company also has Corporation Tax obligations, those are handled separately: a Corporation Tax Return such as a CT600 is submitted to HMRC, not to Companies House, and the two filings serve different purposes. Our role is to bring clarity to a first-year process that many directors have not encountered before, and to make sure the accounts and supporting information are consistent, complete and ready for 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 Differ From Later Years?

First year accounts are the first set of annual statutory accounts that a limited company prepares, covering the period from incorporation (or from when it began trading, where that differs) up to its first accounting reference date. Along with the profit and loss account where applicable, the balance sheet and the notes that accompany them, they form the company’s formal financial reporting for that opening period. Preparing them is not optional simply because the company is new or has only recently started operating; a company generally has statutory filing obligations from the point it is incorporated, even where trading has been limited or has not yet begun, and the exact position depends on its circumstances and the applicable rules rather than being assumed to be dormant. The first accounting period is usually longer than a standard year. Companies House normally sets an accounting reference date on incorporation — commonly to the end of the month in which the company was formed — and the first period runs from the incorporation date to that reference date, which often means a first period of more than twelve months. Directors can shorten an accounting period where the rules allow, and if they do, different dates apply to the accounts and to the Corporation Tax position. That is one reason the first set of accounts is treated differently from later annual accounts, which then follow roughly twelve-month cycles. Some newly formed companies qualify to report under the micro-entity framework, with FRS 105 as the financial reporting standard applicable to qualifying entities, but eligibility depends on meeting the relevant criteria for the accounting period and should be assessed rather than assumed. The same applies to the small-company regime. Wingrave Bucks directors often find it useful to confirm which framework applies before any figures are entered into a template. It also helps to separate three distinct obligations. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC, and the company’s first Corporation Tax accounting period does not always match its statutory accounts period. A confirmation statement is also separate again, and filing accounts does not replace it. Each has its own purpose, its own destination and its own timetable.

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 Prepared Accurately and Filed With Confidence

The most common concern we hear from directors of new companies is simply not knowing where to start — which period the accounts should cover, what needs to go into them, whether the micro-entity framework is available, and what Companies House actually expects to receive. Micro Entity Accounts can take that uncertainty off your desk by preparing your statutory accounts from the records you provide, reviewing those records for gaps or inconsistencies, and supporting you through the Companies House filing process where it applies. We will also make clear where Corporation Tax sits separately with HMRC, so you are not left assuming one filing covers everything. If your company was incorporated in or around Wingrave Bucks and its first accounting period is now approaching, it is worth speaking to someone who deals with first-year accounts regularly rather than working it out from scratch. Get in touch and we will explain what is needed and how we can help.

─── 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 limited company prepares for its opening accounting period. That period normally starts on the date of incorporation and ends on the company's first accounting reference date, which may result in a first period longer than twelve months. The accounts typically include a balance sheet, a profit and loss account where applicable and supporting notes, and they are prepared from the company's accounting records.

When are first accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House rules, and it is also affected by whether the accounts are for a first period or a later period. Because first accounting periods can be longer than a year, the filing date is not always what directors expect. We recommend checking the company's specific dates before assuming a deadline, and we can confirm the position for your company when preparing the accounts.

What information do I need to prepare first year accounts?

It varies by company, but commonly includes bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of any asset purchases, director loan or expense transactions, share capital information, and any loans or finance arrangements. If the company runs payroll or is VAT registered, payroll and VAT records are also relevant. Companies with very limited activity in their first period may need to provide considerably less.

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

A company generally has statutory accounts filing obligations once incorporated, even if it has not yet started trading or has had very little activity. The reporting position for a company with no significant transactions depends on its specific circumstances and the applicable rules, rather than automatically being treated as dormant. Directors remain responsible for making sure the required information is filed, whether they prepare it themselves or engage an accountant to help.

Are first year accounts the same as a CT600?

No. First year accounts are prepared and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC. Information from the accounts is often used when working out the company's Corporation Tax position, but the two submissions have different purposes, go to different organisations and have their own deadlines. Filing one does not complete the other.

Can a new company qualify for micro-entity accounts?

It may be able to, but qualification is not automatic just because the company is new or has low activity. The micro-entity framework, and FRS 105 as the standard applicable to qualifying entities using it, depends on meeting the relevant eligibility criteria for the accounting period. The same principle applies to the small-company regime. The right framework for a Wingrave Bucks company should be assessed from its own figures and circumstances.

Do first year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered information at Companies House is correct, and it does not take the place of statutory accounts. Submitting first year accounts also does not remove the need to keep Companies House records up to date. Directors should treat the accounts, the confirmation statement and any Corporation Tax obligations as distinct items.

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 these are not necessarily the same in every case. Paying any penalty does not remove the obligation to file the outstanding accounts. If accounts are already overdue, the priority is to prepare and submit them as soon as the information is available, and to look at whether an appeal may be appropriate depending on the circumstances and applicable rules.