─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Winsford — Prepared, Reviewed and Filed Where Required

A newly incorporated company reaches its first accounting reference date sooner than most directors expect, and the accounts that follow are a statutory filing rather than an optional exercise. Micro Entity Accounts works with newly incorporated and newly trading limited companies on their First Year Accounts for Limited Company requirements — confirming the length of the first accounting period, building the statutory accounts from the accounting records available, reviewing the figures for consistency and filing with Companies House where required. That may mean a full period of trading activity, or a first year with very little happening at all; the approach depends on the company’s circumstances. Where the company also has Corporation Tax obligations, we can explain how a Return such as a CT600 is prepared for HMRC separately from the Companies House filing, and where a confirmation statement fits into the wider compliance picture.

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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 annual accounts a limited company prepares, covering the period from incorporation, or from the start of its first accounting period, up to its first accounting reference date. That initial period is often longer than twelve months, which is one reason it can feel unfamiliar even to directors who have run a business before. The accounts normally include a balance sheet, a profit and loss account where applicable, and any notes required by the framework being used. Directors remain responsible for the company’s statutory obligations, including ensuring the accounts are prepared and delivered on time, even where an accountant handles the preparation and filing. The obligation to file statutory accounts generally applies from the company’s first accounting period — it does not wait until the company has been trading for a while. Where a company has had limited activity, or has not yet commenced trading, the reporting position depends on its circumstances and the applicable rules rather than following automatically from the absence of trade; it should not simply be assumed that the company is dormant. Some new companies are able to use the micro-entity accounting framework, and FRS 105 is the financial reporting standard that applies to qualifying entities within it. Eligibility has to be checked against the applicable criteria for the accounting period in question. A low level of activity, or the fact that a company has only recently been incorporated, does not on its own confirm micro-entity status, so the framework is best chosen after looking at the company’s position rather than before. It also helps to keep first-year accounts distinct from the company’s other filings. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation, and the two serve different purposes in different places — completing one does not complete the other. The company’s first Corporation Tax accounting period and its statutory accounts period may not be identical. A confirmation statement is a separate filing again, keeping the public register up to date rather than reporting financial results. For company directors in Winsford, the practical questions tend to be the same: what does the first period look like in the records, which reporting framework fits, and what needs to go where. Our role is to work through those questions with you, prepare the accounts accurately and handle the filing side where required.

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 Winsford — Get Them Prepared Properly

If your company was incorporated recently and you are not certain what the first set of statutory accounts needs to include, you are not alone — it is one of the questions directors most often raise as their first accounting reference date approaches. Micro Entity Accounts can prepare your First Year Accounts for Limited Company requirements from the records you hold, explain which reporting framework is likely to apply, and file with Companies House where required, while making clear where Corporation Tax, a CT600 or a confirmation statement sits separately. Whether your bookkeeping is up to date or you are looking at a year of bank statements and receipts still to be organised, the starting point is a straightforward conversation about your company’s position. Speak to us and we will set out what is needed, what we can prepare on your behalf, and what remains your responsibility as a director.

─── 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 annual accounts your company prepares for its initial accounting period. First Year Accounts for Limited Company purposes generally cover the period from incorporation, or from the start of the accounting period, through to the company's first accounting reference date. They normally include a balance sheet, a profit and loss account where applicable, and any notes required by the framework used, and they are delivered to Companies House where required. This is a statutory document rather than an internal summary, and it is separate from anything sent to HMRC.

When are my company's first accounts due?

The date depends on your incorporation date and your accounting reference date. Companies House applies different rules to a company's first accounts than it does to later years, which is why we confirm the specific date for each company rather than applying a general assumption. If you are unsure, it is worth checking early — a first accounting period is commonly longer than twelve months. Directors in Winsford can ask us to confirm the position for their company as part of the accounts work.

What information is needed to prepare first-year accounts?

In most cases we would look for bank statements and transaction listings covering the whole period, sales and income records, purchase invoices and expense receipts, details of any assets bought or sold, share capital information, and records of any director's loan or other financing. Where the company runs payroll or is VAT registered, the relevant payroll and VAT records are useful too. Companies do not all have the same records — if yours are incomplete, we can work with what exists and identify what still needs to be pulled together.

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

In most cases, yes. The requirement to prepare and file statutory accounts generally applies from a company's first accounting period and is not removed simply because there has been little activity or the company has not started trading yet. Where there have been no significant accounting transactions, whether the company can be treated as dormant depends on its circumstances and the applicable rules rather than on the absence of trading alone. We can review your position and explain how it is likely to be treated.

Are first-year accounts different from annual accounts?

They are the same kind of document — the difference lies in the period they cover. First-year accounts relate to the company's initial accounting period, which may be longer than the twelve-month periods used for subsequent years, so the figures can span more than a single trading year. After that first set is filed, later annual accounts generally follow a regular twelve-month cycle based on the company's accounting reference date.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, whereas a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts are often a starting point for the tax computation, but the two filings have different purposes and go to different places, and completing one does not complete the other. The company's first Corporation Tax accounting period and its statutory accounts period may not be identical. A confirmation statement is a further separate filing.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies can, but it is not automatic and it is not determined by the company being new. Eligibility for the micro-entity framework depends on meeting the applicable criteria for the relevant accounting period, and FRS 105 is the standard used by qualifying entities reporting under that framework. We check eligibility against the company's actual circumstances before preparing the accounts, rather than assuming a particular framework applies from the outset.

What happens if first-year accounts are filed late?

Failing to file by the applicable date can lead to consequences from Companies House, and the outcome can differ depending on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If a filing is already overdue, the sensible priority is to get the accounts prepared and submitted as soon as possible; where there is a valid reason for the delay, we can discuss whether an appeal may be appropriate in the circumstances.