─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Woodley — Preparation and Filing Support

A company’s first set of statutory accounts is where its reporting history begins. If you have incorporated a limited company in Woodley and the first accounting period is drawing to a close, Micro Entity Accounts can prepare your First Year Accounts for Limited Company, review the accounting records they are built from and file the accounts with Companies House where required. We start by understanding how the company has actually operated — whether the year has been busy, steady or largely inactive — then determine which reporting framework fits, what the figures should show and what information still needs to be gathered. Corporation Tax sits separately from this process: where the company has a Corporation Tax liability or filing obligation, a CT600 is submitted to HMRC rather than Companies House, and we can assist with that alongside the accounts. Clear pricing, plain English and a clear view of what needs to be done next.

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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 set of statutory accounts a newly incorporated limited company prepares. They cover the company’s initial accounting period, which normally starts on the date of incorporation and runs to its first accounting reference date — usually set with reference to the anniversary of incorporation, so it may fall at the end of a month rather than on the exact incorporation date. Once that period is closed, the accounts are generally filed with Companies House where required. This is not an optional extra simply because the company is new; a limited company has statutory reporting obligations from incorporation, even where activity has been limited or trading has not yet begun. The accounts themselves typically consist of a balance sheet, and a profit and loss account where applicable, together with any notes required by the framework used and the directors’ statement on the balance sheet. Directors remain responsible for making sure the accounts are prepared and filed correctly, even when an accountant handles the preparation and submission. The exact content depends on the company’s circumstances, its size and the reporting framework that applies for the period. Some newly incorporated companies qualify to report under the micro-entity framework, with FRS 105 as the financial reporting standard for qualifying entities using it. Eligibility depends on the applicable size criteria for the relevant accounting period and is assessed separately for each company — incorporation alone does not create entitlement, and not every small company will meet the tests. Where a company does qualify, micro-entity accounts can be simpler to prepare and file; where it does not, another framework will apply. It is worth separating first year accounts from the other filings a company may face. A Corporation Tax Return, such as a CT600, goes to HMRC and is a separate obligation with its own accounting period, which may not match the statutory accounts period. A confirmation statement is also a separate filing that keeps the public register up to date, and filing accounts does not replace it. First year accounts deal with the statutory accounts themselves, and professional support can help Woodley directors get that first period right before the company moves into its regular annual cycle.

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 Woodley Prepared Properly

The first accounting period often arrives sooner than directors expect, and it is common to be unsure whether the records held are complete enough, which reporting framework applies or what Companies House actually expects to receive. Micro Entity Accounts provides professional support with preparing your First Year Accounts for Limited Company in Woodley — reviewing the accounting records, drafting the statutory accounts, confirming you understand what is being filed and submitting them to Companies House where required. If your company also has Corporation Tax obligations, we can explain how the CT600 fits alongside the accounts as a separate submission to HMRC. Rather than guessing your way through the first set of accounts, speak to us about fixed-fee support and a clear picture of your company’s position.

─── 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 accounts a limited company prepares, covering the period from incorporation to its first accounting reference date. In practice they look similar to accounts for later years, but the period they cover is usually different and may be longer or shorter than twelve months. They generally include a balance sheet and, where applicable, a profit and loss account, plus any supporting notes required by the framework the company uses.

When are first year accounts due to be filed?

The deadline depends on the company's accounting reference date, its incorporation date and the length of the first accounting period, so it is not identical for every company. First accounts are often given a longer filing window than accounts for later periods, and the deadline can shift if the accounting reference date or period is changed. The safest approach is to check the dates recorded for your own company rather than relying on a general assumption.

What information is needed to prepare first year accounts?

It depends on how the company has operated, but typically we look at bank transactions, sales and income records, purchase invoices and business expenses, any asset purchases, director transactions and loans, share capital details, and payroll or VAT records where those apply. If the company has been quiet, the records needed will be much lighter. We will tell you exactly what is missing once we have seen what you hold.

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

A limited company generally has to file accounts covering its first accounting period, and that obligation is not removed simply because trading has not started or activity has been minimal. Where a company has had no significant accounting transactions, its reporting position depends on its particular circumstances and the applicable rules — it is not automatically treated as dormant. It is worth confirming the position rather than assuming nothing needs to be filed.

Are first year accounts the same as a CT600?

No. First year statutory accounts are prepared for the company and delivered to Companies House where required, while 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 often inform the tax return, but the two filings serve different purposes and go to different places. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not match its statutory accounts period.

Can a new limited company qualify for micro-entity accounts?

Some newly incorporated companies can, but not all. Micro-entity eligibility is assessed against the applicable size criteria for the relevant accounting period, and incorporation on its own does not guarantee it. Where a company does qualify, FRS 105 is the standard used for micro-entity reporting, and the accounts can be simpler. We confirm eligibility as part of preparing the accounts rather than assuming a framework up front.

Do first year accounts include a confirmation statement?

No — they are separate requirements. A confirmation statement confirms that the company's details on the public register are current and has its own review period and filing date. Filing first year accounts does not satisfy the confirmation statement, and submitting a confirmation statement does not complete the accounts. Directors generally need to keep both up to date.

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, which may include late filing penalties that increase the longer the accounts remain outstanding, along with further action in some cases. Paying a penalty does not remove the need to file the outstanding accounts. Penalty appeals are possible in some circumstances, but eligibility depends on the facts and the applicable rules, so the priority is usually to get the accounts completed and filed as soon as possible. If your company is based in Woodley and the first accounts are already overdue, we can help you work out the next step.