─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Wrotham Heath

Your company’s first set of statutory accounts is a milestone, and it is worth getting the foundations right. Micro Entity Accounts helps newly incorporated and newly trading limited companies in Wrotham Heath prepare their First Year Accounts for Limited Company purposes, starting with a review of the accounting records that underpin them. We can prepare the statutory accounts, explain the reporting framework that applies to your company for the relevant period, and file the accounts with Companies House where required. If your company also has Corporation Tax obligations, we can help you understand how a CT600 submission to HMRC sits separately from the Companies House accounts filing — different information, different destination, different purpose.

🔥 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

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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, and When Might a Company Report as a Micro Entity?

First year accounts are the first set of statutory annual 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 reporting responsibilities, and its first statutory accounts normally need to be prepared and delivered to Companies House where required, even if trading activity has been limited. The first accounting period usually begins on the date of incorporation. Companies House sets an accounting reference date at incorporation, and for most companies this falls at the end of the month in which the first anniversary of incorporation occurs — although the exact position depends on the company’s own incorporation details and any change made to its accounting reference date. A company’s first accounting period is often longer than twelve months, and the period covered by the first statutory accounts may not be identical to the company’s first Corporation Tax accounting period. That is one of the reasons it helps to look at both together rather than in isolation. Some newly incorporated companies may qualify to report under the micro-entity framework, which uses the financial reporting standard FRS 105. Eligibility is not automatic and does not follow from being newly incorporated or from having modest activity. A company needs to meet the applicable eligibility criteria — broadly assessed against measures such as turnover, balance sheet total and employee numbers — and those criteria should be checked for the specific accounting period in question. Where a company does not qualify as a micro-entity, it may fall within the small company framework, or it may need to prepare accounts on a more detailed basis. The right framework is a decision based on the company’s circumstances, not a default. A typical set of first statutory accounts includes a balance sheet, and where the applicable framework requires it, a profit and loss account and supporting notes. Directors remain responsible for the accuracy of the company’s accounting records and for ensuring the company meets its filing obligations, even when an accountant is engaged to prepare and submit the accounts. It is also worth being clear about what first year accounts are not. They are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable and deals with the company’s Corporation Tax position. They are separate from a confirmation statement, which is a Companies House filing that confirms the company’s registered details are up to date. They are also separate from VAT Returns, which apply only where a company is VAT registered. Completing one does not automatically complete the others, and each has its own timescales and requirements.

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 Wrotham Heath Prepared With Confidence

If your company has recently been incorporated, the first accounts deadline can feel like it has arrived sooner than expected — and if trading has been light, or the records are still in a shoebox rather than a spreadsheet, it is easy to put the whole thing off. Micro Entity Accounts works with company directors across Wrotham Heath to prepare first year accounts properly, from tidying up the underlying records through to filing the statutory accounts with Companies House where required. We will also help you work out which reporting framework your company should be using for the period in question, so the accounts are prepared on the right basis rather than an assumed one. Whether your company has been trading steadily, has only recently started, or has had very little activity, the sensible first step is a conversation about where things stand.

─── 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 annual accounts a company prepares for its initial accounting period, beginning from the date of incorporation. They typically include a balance sheet prepared under the applicable reporting framework, plus a profit and loss account and notes where that framework requires them. Once prepared and approved by the directors, the accounts are delivered to Companies House where required.

When are first year accounts due at Companies House?

The due date depends on the company's accounting reference date, which is set at incorporation and can be changed. Companies House generally allows a longer period for a company's first accounts than for subsequent years, but the exact deadline varies from company to company. Because the first period is often longer than twelve months, it is worth confirming your own accounting reference date and working back from it rather than assuming a standard twelve-month cycle applies.

What information do I need to prepare first year accounts?

It depends on what the company has actually done during the period. In most cases we would look at bank statements and transactions, sales and income records, purchase invoices and business expenses, details of any assets purchased, director transactions and loans, share capital information, and payroll or VAT records where the company has those obligations. If activity has been minimal, the records needed will be correspondingly lighter — but the accounts still need to reflect the position accurately.

Does a newly incorporated company have to file accounts even if it has not started trading?

A company can still have statutory filing obligations even where it has not yet commenced trading or has had limited activity. Whether a company is treated as dormant for Companies House purposes depends on its particular circumstances and the applicable rules, and it should not simply be assumed. If you are unsure how your company's position should be reported, it is worth reviewing the facts before deciding how to file.

Are first year accounts the same as a CT600?

No. The statutory accounts go to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The two serve different purposes and have different destinations, although the accounting information behind the accounts is often used when preparing the company's Corporation Tax position. Filing one does not complete the other, and a company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a newly incorporated company file micro-entity accounts?

Possibly, but not automatically. Micro-entity reporting under FRS 105 is available to companies that meet the applicable eligibility criteria for the accounting period concerned, which are assessed against measures such as turnover, balance sheet total and employee numbers. Being new, small or relatively quiet does not by itself confirm eligibility. Where a company does not qualify, another framework such as the small company regime may apply instead.

Do first year accounts replace the confirmation statement?

No, they are separate filings. A confirmation statement confirms that the company's registered information at Companies House is correct and up to date, and it is submitted independently of the statutory accounts. Filing first year accounts does not discharge the confirmation statement obligation, and submitting a confirmation statement does not complete the accounts filing.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, and the outcome depends on how late the filing is and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is usually best to deal with them promptly and to check whether an appeal may be available in your circumstances, since eligibility for that depends on the applicable rules. Directors of companies in Wrotham Heath and elsewhere remain responsible for ensuring filings are made, even where an accountant handles the preparation.