─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Woolwich: Professional Preparation and Filing Support

If your company has been incorporated recently, its first set of statutory accounts will fall due sooner than many directors expect. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Woolwich with the preparation of First Year Accounts for Limited Company, from reviewing the accounting records through to delivering the accounts to Companies House where required. We look at how your first accounting period has been set, what figures your bookkeeping can support, and whether your company meets the eligibility conditions for the micro-entity or small company reporting framework. The balance sheet, and a profit and loss account where applicable, are prepared on the right basis for your circumstances. Where Corporation Tax applies, a CT600 is a separate submission made to HMRC, and we are clear about how the two fit together without treating them as the same filing.

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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 Why Do They Matter for a New Limited Company in Woolwich?

First-year accounts are the first set of statutory accounts a newly incorporated limited company prepares for its initial accounting period. They are a legal obligation rather than an optional step, and they are not triggered by the company starting to trade. The duty to prepare annual accounts and to deliver them to Companies House where required comes from being a limited company, so the relevant period generally starts from the date of incorporation rather than from the first invoice, sale or customer. When a company is registered, Companies House sets an accounting reference date. The company’s first accounting period usually runs from its incorporation date to that first accounting reference date, and it may be longer than the twelve-month periods that follow. Because a first period can differ in length from later ones, the preparation and filing position for year one is not always identical to year two and beyond, so it is worth confirming the position for your own company rather than assuming the usual annual cycle applies. The accounts themselves set out the company’s financial position for that period. Depending on size and circumstances, the documents may include a balance sheet, a profit and loss account where applicable, and notes to the accounts, together with the directors’ responsibilities statement. The appropriate reporting framework depends on eligibility. A company that meets the relevant conditions for the period may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard for qualifying entities using the micro-entity framework, while others may fall within the small company regime or need to report under a fuller framework. Not every new company qualifies, and low activity does not by itself make a company a micro-entity. It also helps to be clear about what first-year accounts are not. They are not the same as a Corporation Tax Return. A CT600 is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period and its statutory accounts period do not always line up exactly. First-year statutory accounts are also separate from the confirmation statement, which keeps Companies House informed about officers, share capital and registered details, and separate again from VAT returns and day-to-day bookkeeping records. Where accounts are required, they are generally filed with Companies House, and getting the figures right at the first attempt avoids having to revisit them later.

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 Woolwich: Get Your Figures Prepared Properly

The first set of accounts often raises questions that are hard to answer from a Companies House reminder alone: which period is being reported on, whether partial records are enough, and which reporting framework actually applies. Micro Entity Accounts works with directors of newly incorporated companies in Woolwich to prepare and file First Year Accounts for Limited Company, reviewing bank transactions, invoices, share capital details and any director transactions before the accounts are put together. If your records are incomplete or your position is unclear, that can be sorted out before filing rather than after. Support is provided on clear, transparent fees with no hidden costs, so you know what is being prepared and why.

─── 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 a limited company prepares, covering its initial accounting period — usually from the date of incorporation to its first accounting reference date. They report the company's financial position for that period and are delivered to Companies House where required. They are not the same as a Corporation Tax Return and they do not replace a confirmation statement.

When are first-year accounts due?

The deadline depends on the company's incorporation date, the accounting reference date set by Companies House, and the filing requirements that apply to a first set of accounts, which can differ from the standard cycle used in later years. Rather than working from a general assumption, check the company's own Companies House record. We can review the position and explain what applies to your company.

What information is needed to prepare first-year accounts?

It varies with the company's circumstances. Typically we would look at bank statements and transactions, sales and income records, purchase invoices and expenses, asset purchases, share capital details, any loans or director transactions, and payroll or VAT records where the company is registered for either. Where activity has been limited, the records may be minimal, but accounts may still be required.

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

A limited company is generally required to prepare and file annual accounts, and that includes the first set covering its initial accounting period. Filing is required even where trading has been limited, although the exact position depends on the company's circumstances and the applicable rules. Preparing the accounts properly is usually simpler than dealing with an overdue filing later.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a CT600 is a Corporation Tax Return submitted to HMRC where applicable. Figures from the accounts are often used when preparing the tax return, but the two serve different purposes and go to different places. Completing one does not complete the other.

Do we still need first-year accounts if the company has not traded?

Possibly. A limited company can still have statutory accounts and filing obligations even where it has not started trading or has had very few transactions. Whether a company is treated as dormant for Companies House purposes depends on its circumstances and the applicable rules, which is not the same as simply having low activity. It is worth checking before assuming nothing needs to be filed.

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

Some newly incorporated companies can, if they meet the eligibility conditions for the relevant accounting period. Qualifying does not follow automatically from being newly formed, and it is not guaranteed by modest turnover alone. Where a company is eligible, micro-entity accounts prepared under FRS 105 can reduce the balance sheet detail and note requirements, but the framework should always be confirmed against the company's actual position.

What happens if first-year accounts are filed late?

Where required accounts are not delivered by the applicable deadline, Companies House can take action, which may include penalties that increase the longer the accounts remain outstanding. The outcome depends on the circumstances and how overdue the filing is, and paying a penalty does not remove the requirement to file the outstanding accounts. If there is a reasonable excuse, appeal eligibility depends on the rules and the facts, and we can help you understand the options.