─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Your company’s first set of statutory accounts is a milestone, and it is also a formal filing obligation. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Wrexham get their first year accounts for limited company purposes prepared accurately, reviewed properly and delivered to Companies House where required. We start by reviewing your accounting records, share capital details, director transactions and any income or expenses for the period, then prepare a balance sheet and, where applicable, a profit and loss account that reflect the company’s position. If your company also has Corporation Tax obligations, a CT600 and any related computations are handled separately through HMRC, because the accounts filing and the tax return serve different purposes and go to different destinations. Directors remain responsible for the company’s compliance, but professional preparation removes a lot of the guesswork from that first accounting period.

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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 Does Your New Limited Company Need Them?

First year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period. They are not optional simply because the company is new. Once incorporated, a company has reporting obligations, and those obligations generally begin from the date of incorporation rather than from the date the business starts trading or issuing invoices. The first accounting period usually runs from the incorporation date to the company’s first accounting reference date, although the actual period and the associated filing deadline depend on the incorporation date, the accounting reference date and the applicable Companies House requirements. That is why two companies incorporated a few weeks apart can end up with noticeably different first-year timetables. The accounts themselves are built from the company’s accounting records and typically include a balance sheet showing assets, liabilities and shareholders’ funds, along with a profit and loss account or income statement where applicable. Smaller companies often report under a simplified framework, and where a company meets the applicable eligibility conditions for the relevant period it may be able to prepare micro-entity accounts under FRS 105, the financial reporting standard for qualifying entities using the micro-entity framework. Eligibility is not automatic and should be checked against the company’s own circumstances rather than assumed. It is also worth being clear about what first year accounts are not. They are separate from a Corporation Tax Return, so delivering statutory accounts to Companies House does not submit a CT600 to HMRC, and filing a CT600 does not complete the Companies House filing. A confirmation statement is a further, separate filing that keeps the company’s public information up to date. If your company has had limited activity, or has not yet started trading, it may still have a filing position to deal with, and how that is reported depends on the facts rather than on an assumption that the company is dormant. Directors of newly incorporated companies in Wrexham often find that the first period raises the most questions, because there is no prior year to compare against and the reporting framework has to be selected rather than simply repeated.

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 Wrexham Prepared Properly From the Start

If your first accounting period is approaching and you are not sure what needs to go into the accounts, which reporting framework fits your company, or what has to be sent to Companies House, you are in a familiar position for a newly incorporated director. Micro Entity Accounts works with limited companies and their directors to prepare first year accounts, review the underlying accounting records and support the filing process, while keeping the separate Corporation Tax position clearly identified where it applies. Getting the first set of accounts structured correctly makes later periods far easier to manage. Speak to us about your company’s first-year accounts and get a clear view of what is required before the deadline arrives.

─── 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?

First year accounts are the first set of statutory accounts your company prepares for its initial accounting period. They normally cover the period from incorporation to your company's first accounting reference date, although that period and the resulting filing deadline depend on your incorporation date and the applicable Companies House requirements. The accounts usually include a balance sheet and, where applicable, a profit and loss account, prepared from your company's accounting records.

When are first accounts for a new company due?

The deadline depends on your company's incorporation date, its accounting reference date and the filing requirements that apply to it. Companies House confirms the accounting reference date when a company is incorporated, and the first filing deadline is worked out from that date. Because these dates differ between companies, it is worth checking your own company record rather than assuming a standard timeframe. We can help you confirm the position for your company.

What information is needed to prepare first year accounts?

Typically we need your company's bank transactions, sales and income records, business expenses and purchase invoices, details of any assets purchased, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, the related records may also be relevant. Not every company will have all of these, so we work from what actually applies to your circumstances.

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

In most cases a limited company is required to prepare and deliver statutory accounts to Companies House for its accounting period, and that obligation can apply even where the company has had limited activity or has not yet started trading. The reporting position depends on the company's specific circumstances and the applicable rules rather than on an assumption that no trading means nothing needs to be filed. Companies House receives the accounts; it does not prepare them.

Are first year accounts the same as annual accounts?

They are the same type of filing, simply the first one. First year accounts are your company's initial statutory accounts, and subsequent periods follow the same general principles with a prior-year comparative. The main practical difference is that the first period may be longer or shorter than twelve months depending on your incorporation date and accounting reference date, which affects how the figures are presented.

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

A company can still have filing obligations even where it has not started trading or has had minimal activity. Whether it is treated as dormant for reporting purposes depends on whether it has had any significant accounting transactions and on the applicable rules, so this should be assessed rather than assumed. If your Wrexham-based company has been inactive, it is worth checking what still needs to be delivered to Companies House.

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 to HMRC where the company has a Corporation Tax obligation. The accounting information from the accounts often feeds into the tax return, but the two filings have different purposes and different destinations, and completing one does not complete the other.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies may qualify to report under the micro-entity framework if they meet the applicable eligibility conditions for the relevant accounting period. Qualifying does not happen automatically, and FRS 105 applies to entities that are eligible to use the micro-entity framework rather than to every new company. If your company is not eligible, small-company or full reporting requirements may apply instead, so the framework should be determined from your company's circumstances.

What happens if first year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome can vary depending on how late the filing is and the company's history. Paying any penalty does not remove the requirement to file the outstanding accounts. If your accounts are already overdue, it is best to deal with them promptly, and professional support can help you get the position resolved.