─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Worcester Park — Prepared and Filed With Professional Support

Your company’s first set of statutory accounts is a milestone, and it is also a statutory obligation. At Micro Entity Accounts we help newly incorporated and newly trading limited companies in Worcester Park prepare their first year accounts properly — starting with a review of the accounting records you hold, then building a balance sheet and, where applicable, a profit and loss account for the correct accounting period. Once the accounts are ready, we can assist with filing them at Companies House where required. If your company also has Corporation Tax obligations, we can support you with the figures that feed into a CT600, but it is worth being clear from the outset: a Corporation Tax Return is a separate submission made to HMRC, not to Companies House, and the two are handled independently.

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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 annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, it takes on reporting responsibilities, and those responsibilities exist whether or not the business has started trading, issued invoices or made a profit. Every company has an accounting reference date, and Companies House sets an initial one based on the date the company was incorporated. The first accounting period generally runs from incorporation to that date, although the length of a first period can vary from company to company. That matters because the accounting period determines what the accounts cover — and it also means that no two new companies necessarily share the same starting point or the same first-year timetable. The accounts themselves are prepared from the company’s accounting records: bank transactions, sales and income, expenses, purchase invoices, asset purchases, director transactions, share capital details and any loans or finance the company holds. Payroll and VAT records may also be relevant where those apply. From those records, we build a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and a directors’ report where the reporting framework requires one. Where a company is eligible, the micro-entity framework may be available, and FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Eligibility depends on the company’s circumstances and the requirements in force for the relevant accounting period, so it is something to confirm rather than assume. A newly incorporated company is not automatically a micro-entity, and holding modest turnover does not by itself settle the question. It also helps to separate the different filings. First year statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 goes to HMRC, and it is a separate submission with its own purpose. A confirmation statement is a further requirement again, keeping the public register up to date. Completing one does not complete the others. Directors remain responsible for making sure each obligation is met, even where an accountant prepares the paperwork.

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 Worcester Park Reviewed, Prepared and Filed

If your company has recently been incorporated and you are unsure what the first set of statutory accounts should contain, you are not alone — many directors in Worcester Park reach that point without a clear picture of what is required. Micro Entity Accounts can review the records you hold, identify what is missing, prepare the accounts for the relevant accounting period and assist with filing at Companies House where required. We will also help you understand whether a micro-entity or small-company framework is appropriate for your circumstances rather than assuming it applies. Clear pricing, a straightforward process and support from someone who deals with newly incorporated companies regularly — that is a sensible way to handle your first year accounts.

─── 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 limited company prepares, covering its initial accounting period from incorporation through to its first accounting reference date. They typically include a balance sheet, and a profit and loss account where the applicable reporting framework requires one, along with any supporting notes. These accounts are prepared from the company's accounting records and are filed at Companies House where required. They are not the same thing as a Corporation Tax Return.

When are first year accounts due?

The deadline depends on the company's accounting reference date and the applicable Companies House requirements, so it is not the same for every company. A first accounting period can be longer or shorter than twelve months, which affects the timetable. Rather than work from a general assumption, it is worth confirming your company's specific accounting reference date and the filing deadline that follows from it before the period closes.

What information do I need to prepare first year accounts?

As a starting point, we would usually look for bank statements and transactions, sales and income records, business expense receipts and purchase invoices, details of any assets bought, share capital information, director loan movements and details of any finance or borrowing. Payroll and VAT records matter where those apply. Not every company will have all of these — a newly incorporated company may have very few transactions, and that is fine. We will tell you what is relevant to your circumstances.

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

Companies generally have statutory accounts filing obligations once incorporated, and that position does not disappear simply because trading has not yet started or activity has been limited. First year accounts are delivered to Companies House where required. If your company has had no significant accounting transactions, its reporting position depends on its circumstances and the applicable rules — it is not automatically treated as dormant, and dormant status is a separate matter that needs to be looked at properly.

Are first year accounts the same as a CT600?

No. They serve different purposes and go to different places. First year statutory accounts are filed with Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations. The figures from the accounts often inform the Corporation Tax position, but filing one does not file the other. It is also possible for a company's first Corporation Tax accounting period and its statutory accounts period not to be identical.

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

Some newly incorporated companies do qualify for the micro-entity framework, but it is not automatic. Eligibility depends on the company's circumstances and the requirements that apply for the relevant accounting period, and the same applies to the small-company regime. FRS 105 is the standard used by qualifying entities within the micro-entity framework. Our role is to help you work out which framework fits your company rather than applying a default.

Do first year accounts replace the confirmation statement?

No. They are separate filings. A confirmation statement keeps your company's information on the public register up to date, while first year accounts report the company's financial position for its first accounting period. Filing accounts does not satisfy a confirmation statement obligation, and filing a confirmation statement does not complete your accounts filing. A limited company may need to deal with both.

What happens if first year accounts are filed late?

Where accounts are filed after the applicable deadline, there can be Companies House consequences, although the outcome is not necessarily the same in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If you find yourself in that position, get in touch early — the sooner the accounts are prepared and submitted, the better the position usually is, and any appeal depends on the circumstances and the rules that apply.