─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Starting a limited company in Workington brings a specific set of compliance duties, and the first set of statutory accounts is usually one of the earliest. First Year Accounts for Limited Company work involves turning your accounting records into a formal balance sheet and, where applicable, a profit and loss account, then filing those accounts with Companies House where required. Micro Entity Accounts can help directors of newly incorporated or newly trading companies prepare first-year accounts, review the records behind them and understand how the company’s Companies House filing sits alongside separate HMRC obligations such as a Corporation Tax Return or CT600 where applicable.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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?

When a limited company is incorporated, it begins its first accounting period. The first-year accounts are the company’s first set of statutory accounts for that initial period. They normally include a balance sheet and, depending on the reporting framework and the company’s circumstances, a profit and loss account, along with any required notes and directors’ responsibilities wording. These accounts are generally filed with Companies House where required. They are not the same as a Corporation Tax Return or CT600, which is submitted to HMRC separately where applicable, and they do not replace a confirmation statement. Some companies may qualify as micro-entities and use the micro-entity framework, including FRS 105 where applicable, but this depends on eligibility for the relevant accounting period. A company that does not meet the criteria would use the appropriate framework for its circumstances. Directors in Workington should keep accurate accounting records from incorporation onwards, as these records support both First Year Accounts for Limited Company preparation and any wider compliance work.

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 Professional Help With First Year Accounts for Limited Company in Workington

If your company has recently been incorporated and you are unsure what the first set of statutory accounts should include, how to treat transactions in the accounting records, or how the Companies House filing fits with separate HMRC requirements, professional support can make the process clearer. Micro Entity Accounts assists directors in Workington with preparing and filing first-year accounts for limited companies that need first-year accounts support, reviewing the information available and explaining the reporting framework that may apply. Whether your company has been actively trading, has limited activity or is preparing for its first accounts filing, getting the preparation organised early helps you understand what is required and what remains the directors’ responsibility. Speak to us for fixed-fee support with First Year Accounts for Limited Company preparation and filing.

─── 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 company prepares for its initial accounting period after incorporation. For a limited company in Workington, the accounts usually need to show the company's financial position at the period end and may include a profit and loss account where the reporting framework requires it. They are generally filed with Companies House where required. They are distinct from a Corporation Tax Return or CT600 submitted to HMRC and from a confirmation statement.

When are first accounts due?

There is no single date that applies to every new company. The first accounts deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. Companies House sets an initial accounting reference date when the company is incorporated, and the first accounting period generally runs from incorporation to that date, subject to any changes made under applicable rules. Directors should check the company's specific dates rather than assume a standard twelve-month deadline.

What information is needed to prepare first-year accounts?

The exact information depends on the company's activity. It may include bank transactions and statements, sales and income records, business expense receipts, purchase invoices, asset purchases, director transactions, share capital details, loans or finance agreements, and payroll or VAT records where applicable. Accurate accounting records make the preparation process more straightforward. A newly incorporated company in Workington may have limited records at first, but the records that do exist should be retained and reviewed.

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

In many cases, yes, although the exact requirement depends on the company's circumstances and the applicable rules. A company may still have statutory filing obligations even if it has not started trading or has had limited activity, so it should not assume that no accounts filing is needed. First-year statutory accounts are generally delivered to Companies House where required. That process is separate from any Corporation Tax Return that may need to be submitted to HMRC.

Are first-year accounts different from annual accounts?

First-year accounts are the first statutory accounts for the company's initial accounting period. Later annual accounts cover subsequent periods and follow the same broad statutory principles, although the first period can differ in length and filing timing from later periods. Both are Companies House accounts where filing is required. Neither filing is the same as a CT600 to HMRC or a confirmation statement.

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

A company with limited or no activity may still have statutory filing obligations, so it should not automatically assume that nothing needs to be filed. Whether accounts are required, and what they should contain, depends on the company's circumstances and the applicable rules. A company should also be careful before treating itself as dormant, because dormancy depends on specific conditions. Directors in Workington can seek professional guidance if they are unsure about a non-trading or low-activity first period.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are generally filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has a Corporation Tax obligation. Information from the accounts may help when preparing the company's tax position, but the two filings have different purposes and destinations. Keeping first-year accounts does not by itself submit a CT600, and filing a CT600 does not complete the Companies House accounts filing. A confirmation statement is another separate Companies House filing and is not replaced by first-year accounts.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the eligibility requirements for the relevant accounting period. It is not automatic, and a company does not qualify simply because it is new or has low activity. Qualifying micro-entities may use FRS 105, the financial reporting standard applicable to that framework, but the appropriate framework should be confirmed based on the company's circumstances. A company that does not qualify would need to use the applicable framework for its size and situation.