─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wisbech, Prepared and Filed with Professional Support

Your company’s first set of statutory accounts is one of the earliest compliance milestones after incorporation, and it deserves to be handled properly from the start. We provide practical support with First Year Accounts for Limited Company clients in Wisbech, beginning with a review of the accounting records you hold — bank transactions, sales and income records, purchase invoices, asset purchases, director transactions and share capital details — before preparing a balance sheet and, where applicable, a profit and loss account for the period. We then assist with filing those statutory accounts with Companies House where required. It is worth being clear that Companies House accounts filing and Corporation Tax are separate matters: a limited company may also need to submit a Corporation Tax Return such as a CT600 to HMRC, and that is a distinct filing with a different destination. Whether your company has been trading throughout the period, has started trading partway through, or has seen very little activity so far, we can help you understand what is needed and prepare the figures accurately.

🔥 SAVE £100.00

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 Apply to a New Limited Company in Wisbech?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. When a company is incorporated, Companies House sets an accounting reference date, and the first accounting period usually runs from the incorporation date to that reference date. That period is often longer than the twelve months used in later years, which is one of the reasons first-year accounts can catch directors out. The period does not run to a fixed template for every company — it depends on the incorporation date and the accounting reference date that applies. Alongside the accounting period, there is a filing deadline for delivering the accounts to Companies House, and again this is not identical for every company. We confirm the relevant dates based on your company’s own records rather than applying a general rule of thumb. An eligible company may be able to use the micro-entity accounting framework, and where it does, the financial reporting standard FRS 105 — the standard applicable to qualifying entities using that framework — will generally sit behind the figures. Eligibility is assessed against the applicable requirements for the relevant accounting period and depends on the company’s circumstances; a newly incorporated company is not automatically a micro-entity, and low turnover alone does not settle the question. Some companies instead fall within the small-company reporting framework, and others prepare accounts under a fuller framework. The right answer is determined by the company’s size, activity and reporting history, which is something we look at before any figures are drafted. It also helps to separate the different obligations that a new company may face. First-year statutory accounts are prepared for the company and, where required, delivered to Companies House. A Corporation Tax Return such as a CT600 is submitted to HMRC under separate rules, and the first Corporation Tax accounting period does not necessarily match the statutory accounts period. A confirmation statement is another separate filing, and submitting it does not satisfy the accounts requirement any more than filing accounts removes the need for a confirmation statement. Keeping accurate accounting records throughout the period makes all of this considerably easier to prepare and review.

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 Wisbech Prepared Accurately and Filed Correctly

If you have recently incorporated a company and are unsure what the first set of accounts should include, how the initial accounting period is calculated, or which reporting framework applies, you are in a familiar position — most directors are dealing with this for the first time. Micro Entity Accounts works with newly incorporated and newly trading limited companies on first-year accounts preparation and Companies House filing support, including a review of your accounting records, preparation of the balance sheet and profit and loss account where applicable, and clear guidance on any separate Corporation Tax or confirmation statement requirements. We will explain what is needed in plain terms, work from the records you already have, and let you know what else may be required before the accounts are finalised. Directors remain responsible for the company’s statutory obligations, but there is no reason to work through the first filing alone when professional support is available. Speak to us about your company’s first accounting period and take the uncertainty out of the process.

─── 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 — normally the period from the date of incorporation to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, along with any notes required by the reporting framework the company uses. Once prepared, they are delivered to Companies House where required.

When are a new company's first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, so it is not the same for every company. Companies House sets the filing deadline by reference to those dates, and the first accounting period is often longer than twelve months. We check the dates that apply to your company and confirm the relevant filing deadline rather than relying on a general figure.

What information do you need to prepare first-year accounts in Wisbech?

Usually we start with your accounting records for the period: bank statements and transactions, sales or income records, business expense receipts and purchase invoices, details of any assets purchased, director transactions and loans, share capital information, and payroll or VAT records where these apply. Not every company will have all of these — a company with limited activity may have very few transactions — so we review what exists and tell you if anything further is needed.

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

In most cases yes, statutory accounts must be prepared and delivered to Companies House where required, even if trading has been limited. Filing the accounts is not the same as submitting a Corporation Tax Return to HMRC, which is a separate obligation under separate rules. If activity has been minimal, the reporting position depends on the company's specific circumstances and the applicable rules rather than being automatically treated as dormant.

Are first-year accounts different from the annual accounts filed later?

The principles are the same, but the first period can differ because it often covers more than twelve months and may include pre-trading activity. Later years generally cover a standard twelve-month period. The first filing also establishes the accounting reference date that future periods follow, which is why it is worth getting right.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and filed with Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. Information from the accounts is often used when working out the Corporation Tax position, but the two filings serve different purposes and go to different places. The first Corporation Tax accounting period may not match the statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, and FRS 105 is the standard that applies to qualifying entities using it. Eligibility depends on the applicable thresholds and the company's circumstances for the relevant accounting period, and it is not automatic — a start-up or a company with low turnover does not qualify simply because it is small. We assess which framework fits before preparing the accounts.

What happens if first-year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If a company in Wisbech is already overdue, we can help prepare and submit the accounts and explain the position, including whether an appeal may be worth considering depending on the circumstances and applicable rules.