─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first set of statutory accounts is a milestone that arrives sooner than many directors expect. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Wingrave prepare their first-year accounts properly: we review the accounting records you hold, draft the statutory accounts for the period, and support you with filing them at Companies House where required. We also explain where the reporting framework sits around your figures, so you understand whether a simplified framework such as the micro-entity regime may be appropriate for your circumstances. Corporation Tax is handled separately — a CT600 is submitted to HMRC and is not the same as your Companies House accounts filing — and we will make that distinction clear from the outset so nothing is overlooked.

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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? A Guide for Limited Companies in Wingrave

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They generally cover the period from the date of incorporation to the company’s first accounting reference date, although the exact period and the rules that apply to a first period can differ from those for later years, and the filing deadline follows from those dates rather than being the same for every company. These accounts are a statutory requirement, not an optional exercise, and they are normally filed with Companies House where required. A company may still have filing obligations even where trading has been limited or has not yet begun, so the position should be checked rather than assumed. If a company meets the applicable eligibility requirements for the relevant accounting period, it may be able to prepare accounts under the micro-entity framework, with FRS 105 applying to qualifying entities that use it. Eligibility is not automatic, and a newly incorporated company is not necessarily a micro-entity, so the right framework needs to be considered against the company’s own circumstances. A typical set of first-year accounts includes a balance sheet, and a profit and loss account or equivalent reporting depending on the framework used, along with the supporting notes and disclosures that apply. It is important to keep first-year accounts separate from other compliance tasks. Accounts filed at Companies House are not a Corporation Tax Return: a CT600 goes to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is also a separate filing and is not replaced by submitting first-year accounts. Directors remain responsible for making sure the company meets its obligations, even when an accountant prepares and files the figures on its behalf.

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 Set of Statutory Accounts Prepared Accurately, With Filing Support Included

If your company has recently been incorporated and you are unsure what the first accounting period covers, which records you need to pull together, or how the Companies House filing fits alongside your other obligations, you are not alone — it is one of the most common questions directors in Wingrave ask in their first year of trading. Micro Entity Accounts can review your accounting records, prepare the statutory accounts and support the filing process where required, with transparent fees and no hidden costs. Whether your company has traded actively, has had only limited transactions, or has not yet started trading, we can look at your position and explain what is needed next. Speak to us about your first-year accounts before the period end approaches, so the figures are ready when they are needed.

─── 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 covering its initial accounting period, which usually runs from the date of incorporation to the company's first accounting reference date. They typically include a balance sheet and, depending on the reporting framework used, a profit and loss account or equivalent, together with any applicable notes. They are a statutory requirement for the company, not an optional document.

When are first-year accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not identical for every company. A first accounting period can be treated differently from later periods, which is why it is worth confirming your own dates rather than relying on a general rule. We can help you identify the period your accounts should cover and the filing date that applies to it.

What information is needed to prepare first-year accounts?

Usually the company's accounting records for the period, which may include bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, share capital details, director transactions and any loans or finance arrangements. If payroll or VAT records exist, they may also be relevant. Not every company will have all of these, and the records needed depend on what the company has actually done since incorporation.

Do newly incorporated companies have to file accounts with Companies House?

In most cases a limited company will need to file statutory accounts with Companies House where required for its accounting period, even if it has only recently been incorporated. Filing obligations can still apply where activity has been limited or where trading has not yet commenced, so the position should be checked against the company's circumstances rather than assumed.

Are first-year accounts different from annual accounts?

The principles are similar, but the first period has its own features. The first accounting period often begins on incorporation and ends on the first accounting reference date, and Companies House rules for a first period can differ from those applying to later periods. Once the first set has been filed, subsequent years generally follow a more predictable cycle.

Do first-year accounts need to be filed if the company has not traded?

A company with little or no activity may still have statutory filing obligations, and it should not be treated as dormant automatically. Whether a dormant position applies depends on the specific circumstances and the applicable rules. If your company has not started trading, we can look at what it has done since incorporation and explain what needs to be filed.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Filing one does not complete the other. Information from the accounts may be used when preparing the company's Corporation Tax position, but the two filings serve different purposes and go to different places.

Can a new company qualify for micro-entity accounts?

Some companies may qualify for the micro-entity framework if they meet the applicable eligibility requirements for the relevant accounting period, and FRS 105 is the standard used by qualifying entities within that framework. A new company does not automatically qualify simply because it is small or has just been incorporated, and low turnover alone does not guarantee eligibility. We can assess your position and confirm which framework is appropriate.

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 outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If a filing has been missed or is at risk of being late, professional support can help you understand the position and the options available in the circumstances.