─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Woodbridge

If you have recently incorporated a limited company in Woodbridge, your first set of statutory accounts is an important compliance step. Micro Entity Accounts helps directors prepare first-year accounts, review the underlying accounting records and handle Companies House filing where required. We also keep the boundaries clear: Corporation Tax Returns such as the CT600 are separate HMRC submissions, so filing statutory accounts does not replace them.

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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?

First-year accounts are the first statutory accounts a limited company prepares for its initial accounting period, which generally begins on the incorporation date and ends on the company’s accounting reference date. They are not optional simply because the company is new. A company may still have statutory filing obligations even if it has not started trading or has had limited activity, although the exact reporting position depends on its circumstances and the applicable rules. An eligible company may be able to use the micro-entity accounting framework, with FRS 105 as the financial reporting standard for qualifying entities using that framework, but eligibility must be checked for the relevant accounting period. First-year accounts are delivered to Companies House where required. They are separate from a Corporation Tax Return or CT600 sent to HMRC and separate from the confirmation statement. For directors in Woodbridge, the practical focus is usually accurate accounting records, a clear balance sheet and a profit and loss account where applicable, so the first filing is prepared on the correct basis. Directors remain responsible for ensuring the company meets its statutory obligations, even when an accountant is engaged to help prepare or file the accounts.

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 Woodbridge Prepared Correctly

If your company has recently been incorporated, the first accounts process can feel uncertain, especially if your bookkeeping is incomplete or you are unsure whether micro-entity rules apply. Micro Entity Accounts provides professional support with first-year accounts preparation, reviewing your accounting records and filing with Companies House where required. We can also explain how that process sits alongside separate Corporation Tax and confirmation statement obligations. Get in touch to discuss your company’s first-year position and the support you need.

─── 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 Limited Company?

First Year Accounts for Limited Company are the first set of statutory accounts a limited company prepares for its initial accounting period. They typically include a balance sheet and, where applicable, a profit and loss account and notes. They are prepared from the company's accounting records and are filed with Companies House where required. They are not the same as a Corporation Tax Return, even though the figures may overlap.

When are first accounts due?

The due date depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. Companies House normally sets the first accounts filing deadline when the company is incorporated, and the deadline can be checked on the public register. Because first accounting periods can vary, directors in Woodbridge should confirm their own company's date rather than assume it matches another company's.

What information is needed to prepare first-year accounts?

Usually we need the company's incorporation details, share capital information, bank statements and transactions, sales and income records, purchase invoices, expense receipts, asset purchases, director transactions and any loans or finance arrangements. If the company has payroll or VAT records, those may also be relevant. Not every company will have all of these records, so the exact list depends on the company's activity.

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

Yes, a newly incorporated limited company is generally required to prepare and file statutory accounts with Companies House for its first accounting period, even if it has not started trading or has had limited activity. There are limited exceptions and different reporting positions for dormant or non-trading companies, so the correct treatment depends on the company's circumstances and the applicable rules.

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

A company may still have statutory filing obligations even if it has not started trading or has had no significant accounting transactions. Whether it is treated as dormant for Companies House or HMRC purposes depends on its circumstances and the applicable rules. It is not safe to assume that no filing is required just because there has been little or no activity. Professional advice can help clarify the position.

Are first-year accounts the same as a CT600 or confirmation statement?

No. First-year statutory accounts are prepared for Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable, and a confirmation statement is a separate Companies House filing that helps keep the public register up to date. The accounting figures may be used to help prepare the Corporation Tax position, but these filings have separate purposes and requirements. Completing one does not automatically complete the others.

Can a new company qualify for micro-entity accounts?

Some newly incorporated limited companies may qualify for the micro-entity framework if they meet the eligibility requirements for the relevant accounting period. It is not automatic, and FRS 105 applies only to qualifying entities using that framework. A company with low activity does not automatically qualify either. Eligibility should be assessed based on the company's circumstances and the applicable rules before the accounts are prepared.

What happens if first-year accounts are filed late?

If required accounts are filed after the applicable deadline, Companies House may impose consequences, which can depend on how late the filing is and the company's filing history. Paying a penalty does not remove the need to file the outstanding accounts. If you are concerned about a late filing, professional support can help you understand the position and next steps, although the outcome depends on the circumstances and applicable rules.