─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Worksop — Prepared and Filed with Professional Support

If you have recently incorporated a company, your first set of statutory accounts is one of the earliest compliance milestones you will face. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Worksop with the preparation of their first year accounts for limited company purposes — reviewing the accounting records you hold, drafting a balance sheet and a profit and loss account where applicable, and helping deliver those accounts to Companies House where required. We also make clear where separate obligations sit, such as a Corporation Tax Return (CT600) submitted to HMRC, a confirmation statement, or VAT and payroll filings where they apply to your company.

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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 What Do New Limited Companies in Worksop Need to Know?

First year accounts are the first set of 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 has statutory reporting responsibilities, and the first accounts are the first formal output of those responsibilities. In most cases the first accounting period runs from the date of incorporation to the company’s first accounting reference date, though the rules for a first period can differ from later years, and the company’s own dates determine exactly what that period covers. The accounts themselves normally include a balance sheet showing what the company owns and owes at the period end, a profit and loss account where applicable, and any notes or disclosures required by the reporting framework used. The statutory accounts prepared for the members are delivered to Companies House where required. Companies House does not prepare the accounts and does not professionally approve them; it receives and registers the filing. Some newly incorporated companies qualify to report under the micro-entity framework, using FRS 105 as the financial reporting standard for qualifying entities. That is not automatic. Eligibility depends on meeting the applicable criteria for the relevant accounting period, so a new company, a very small company or a company with limited activity does not necessarily qualify. The appropriate framework for your company should be confirmed before the accounts are drafted. It is also worth separating first year statutory accounts from the other filings a new company may face. A Corporation Tax Return such as a CT600 is submitted to HMRC, not Companies House, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period. A confirmation statement is a separate Companies House filing that confirms the company’s registered details remain up to date. VAT returns and payroll submissions, where they apply, are separate again. Preparing and filing first year accounts does not automatically complete any of those obligations, and directors remain responsible for ensuring the company meets them.

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 Worksop Prepared Correctly

The first set of accounts often raises more questions than any other filing a new company will make — which period they cover, what records are needed, and which reporting framework actually applies to your company. Micro Entity Accounts works with directors of newly incorporated limited companies to prepare first year accounts, review the accounting records behind them and support the Companies House filing where required, with clear pricing and no hidden costs. If you would like to understand your company’s position before the filing deadline becomes pressing, speak to us and we will set out the next steps in straightforward terms.

─── 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 for its initial accounting period, usually covering the period from incorporation to the company's first accounting reference date. They normally include a balance sheet, a profit and loss account where applicable, and any notes required by the reporting framework the company uses. For a newly incorporated company in Worksop, they are the first formal financial record delivered to Companies House where required.

When are first accounts due?

The deadline depends on the company's incorporation date and its accounting reference date, so it is not the same for every new company. Companies House generally sets the first accounts filing deadline by reference to the first accounting reference date and the length of the initial period, and the rules for a first set of accounts can differ from later years. Because the calculation depends on your company's own dates, it is worth confirming your specific deadline before planning the work.

What information is needed to prepare first year accounts?

In practice we usually need bank statements and transaction records, sales and income records, business expense receipts and purchase invoices, details of any assets purchased, share capital information, and any loans, finance arrangements or director transactions. Payroll and VAT records are relevant where the company has those obligations. If the company has had little activity since incorporation, we still need to understand what has and has not happened so the accounts are prepared accurately.

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

A limited company generally has statutory accounts filing obligations even where trading has not started or activity has been limited. Whether the company is treated as dormant, and what it must file, depends on its circumstances and the applicable rules rather than on an assumption. Directors of newly formed Worksop companies should not assume nothing is due, so it is worth checking the position early rather than waiting for a reminder.

Are first year accounts different from annual accounts?

They are the same type of filing — the company's annual statutory accounts — but the first set has its own characteristics. The first accounting period can be longer than twelve months, it may cover a period in which the company had little or no trading, and the filing deadline is calculated differently from later years. In that sense, the first year is usually the one that needs the most careful attention to dates and to the reporting framework used.

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. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has a Corporation Tax obligation. Figures from the accounts are often used when preparing the tax position, but the two filings have different purposes, destinations and potentially different accounting periods. Completing one does not complete the other.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, but it is not automatic and eligibility depends on meeting the applicable criteria for the relevant accounting period. A company with limited activity or low turnover does not necessarily qualify. Where a company is eligible, the micro-entity framework, with FRS 105 as the reporting standard for qualifying entities using it, allows a simpler set of accounts to be prepared. We confirm the position for your company first.

Do first year accounts replace a confirmation statement?

No — a confirmation statement is a separate Companies House filing. It confirms that the information held about the company, such as its directors, registered office and share capital, is still correct. Filing first year accounts does not replace it, and the company may still need to submit confirmation statements and keep its Companies House record up to date.

What happens if first year accounts are filed late?

If required accounts are not delivered by the applicable deadline, Companies House can apply consequences, which may include late filing penalties and further escalation if the position continues. What happens in practice depends on how late the accounts are and on the company's filing history. Paying a penalty does not remove the requirement to file the outstanding accounts, and appealing a penalty depends on the circumstances and the applicable rules.