─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Incorporating a limited company in Worcester brings statutory duties that arrive sooner than many directors expect, and the first set of accounts is usually the most significant of them. Micro Entity Accounts supports newly incorporated and newly trading companies with their First Year Accounts for Limited Company requirements from start to finish: reviewing your accounting records, preparing the statutory accounts, setting out the balance sheet and any profit and loss account required, and delivering those accounts to Companies House where required. We also help you understand how your company’s first accounting period has been set, which reporting framework may apply to it, and how the Companies House filing sits alongside separate HMRC obligations such as a CT600 Corporation Tax Return.

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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? A Worcester Director's Guide

First year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which generally starts on the date of incorporation and ends on the company’s first accounting reference date. That period is not always a neat twelve months, and in certain circumstances it can be shortened or extended, so the exact dates depend on the company’s own position rather than a single rule that applies to everyone. The accounts normally include a balance sheet, together with a profit and loss account and notes where the framework in use requires them, and they are delivered to Companies House where required. Directors across Worcester often ask whether the micro-entity framework applies to them. Some companies do qualify, and a qualifying entity may be able to prepare a simpler set of accounts under FRS 105, the financial reporting standard that applies to micro-entity reporting. Qualification depends on meeting the relevant eligibility conditions for the accounting period concerned, so it is worth checking rather than assuming that a newly formed company, a startup or a business with modest income automatically qualifies. It also helps to be clear about what first year statutory accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is prepared for and submitted to HMRC, and separate again from the annual confirmation statement. Delivering accounts to Companies House does not, by itself, complete those other obligations, even though the figures in the accounts often feed into the tax work later on.

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 Prepared Accurately

The first set of accounts is often the one directors find hardest, because there is no previous year to compare against and the reporting framework may be unfamiliar. Micro Entity Accounts works with company directors and newly incorporated businesses in Worcester on the practical side of that process: making sense of the records you hold, establishing which framework applies to your company, preparing the statutory accounts and filing them with Companies House where required. If you are unsure what your first accounting period covers, whether a CT600 will also be needed for HMRC, or how your figures should be presented, get in touch and we will set out the position for your company clearly before anything is submitted.

─── 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 covering a company's initial accounting period, prepared after incorporation. Depending on the framework that applies, they normally include a balance sheet, a profit and loss account where required and supporting notes. They are a statutory document rather than an optional exercise, and they are delivered to Companies House where required.

When do first-year accounts have to be filed?

The filing date is driven by the company's accounting reference date and the rules that apply to a first accounting period, which can be longer or shorter than a standard twelve months. Two companies incorporated even a few weeks apart may not share the same deadline, so we check the dates that apply to your company rather than relying on a general assumption.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typical records include bank statements and transactions, sales or income records, purchase invoices and business expenses, asset purchases, loans and any director transactions, plus share capital details, and payroll or VAT records where those are relevant. A company with very little activity may need to provide very little information, but the position should be reviewed rather than guessed at.

Do newly incorporated companies have to file first-year accounts with Companies House?

A company generally has statutory filing obligations once it is incorporated, even where trading has not yet begun or activity has been limited. Where a company has had no significant accounting transactions, its reporting position still depends on its circumstances and the applicable rules rather than being automatically treated as dormant. Accounts filing is also separate from the confirmation statement, which remains its own Companies House requirement.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC. They serve different purposes, go to different places and one does not automatically complete the other. The figures in the accounts often support the tax return, but the company's first Corporation Tax accounting period and its statutory accounts period may not be identical.

What if my company has not started trading yet?

Many directors in Worcester incorporate a company well before it begins trading, and that is a normal position to be in. Whether accounts need to be prepared, and how they should be presented, depends on the company's circumstances and the applicable rules, and a company with no significant transactions is not automatically dormant in the technical sense. It is worth confirming the position before any filing is made.

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

Some companies do qualify, where they meet the relevant eligibility conditions for the accounting period in question. Qualification is not automatic for startups, for newly incorporated companies generally or simply because turnover is low. Where a company does qualify, FRS 105 is the standard that applies to micro-entity accounts and it allows a more streamlined format than full accounts.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, and the outcome can vary depending on how late the accounts are. Paying any penalty does not remove the requirement to file. Where accounts are already overdue, the usual priority is to get accurate accounts prepared and delivered as soon as possible and then consider whether an appeal is appropriate, which depends on the circumstances and the applicable rules.