─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Incorporating a limited company near Yarnton brings statutory reporting responsibilities from the very beginning, and your first set of accounts is usually the first real milestone you face. We prepare first-year statutory accounts for newly incorporated and newly trading limited companies, working from the accounting records you hold — bank transactions, sales and expense records, purchase invoices, asset purchases, director transactions and share capital details — to build a balance sheet and a profit and loss account where applicable. The completed accounts are reviewed with you and filed with Companies House where required. Where your company also has Corporation Tax obligations, those are handled separately with HMRC and may involve a CT600; delivering accounts to Companies House does nothing towards that HMRC requirement.

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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 How Do They Apply to a New Limited Company?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period normally begins on the date of incorporation and runs to the company’s first accounting reference date, although the exact dates depend on the incorporation date and the accounting reference date recorded at Companies House, and they can be adjusted in certain circumstances. Because of that, the period covered by a first set of accounts is not identical for every new company, so it is worth confirming the dates that apply to your own company rather than assuming. These accounts are not optional simply because the company is new, quiet or only recently incorporated. A limited company is generally required to prepare accounts and deliver them to Companies House where required, and that obligation can apply even where activity has been limited. Where a company has had few or no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules — that is not automatically the same as being dormant, and dormant status carries its own conditions. Some companies qualify to report under the micro-entity framework, and others fall within the small company regime. Eligibility depends on a company meeting the applicable thresholds and conditions for the relevant accounting period, so a low turnover figure on its own does not decide the matter, and FRS 105 — the financial reporting standard used by qualifying micro-entities — does not apply automatically to every newly incorporated company. The right framework is confirmed before any accounts are prepared. It also helps to be clear about what first-year accounts are not. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a separate obligation with its own requirements; the company’s first Corporation Tax accounting period may not match the period covered by its statutory accounts. A confirmation statement is another separate Companies House filing that confirms the company’s registered details, and filing accounts does not replace it. VAT Returns are separate again where a company is VAT registered, and bookkeeping records sit behind all of these rather than standing in for them. For directors of newly incorporated companies around Yarnton, the practical steps tend to be the same: keep accurate records from the start, know which period the first accounts must cover, and prepare and file them in good time.

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 Yarnton Prepared Properly

If you are unsure what your first set of statutory accounts needs to include, which reporting framework applies to your company, or how the Companies House filing fits alongside your other obligations, you are in a common position — most directors of newly incorporated companies are dealing with this for the first time. Micro Entity Accounts works with limited companies and their directors to prepare first-year accounts from the records available, highlight what information is still missing, and support the filing of those accounts with Companies House where required. Company directors remain responsible for meeting the company’s statutory obligations, but professional support means the figures and the process are dealt with carefully and explained clearly. Speak to us about your first accounting period and we will set out what is needed.

─── 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 annual statutory accounts a limited company prepares, covering its initial accounting period from incorporation to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, together with the supporting notes and statements required by the framework the company reports under. They are separate from a Corporation Tax Return submitted to HMRC and from the company's confirmation statement.

When are my company's first accounts due?

The deadline depends on the company's accounting reference date and on the fact that this is its first set of accounts, because the period allowed for first accounts can differ from later years. The incorporation date, the accounting reference date recorded at Companies House and any change made to that date all affect the position. Rather than relying on a general rule, check the dates recorded for your own company, or ask us to confirm the period your accounts need to cover and the relevant filing date.

What information do I need to prepare first-year accounts?

It depends on what the company has done during the period. Commonly needed items include bank statements and transaction listings, sales and income records, purchase invoices and receipts, details of any assets bought, director loan movements, share capital information, and any loans or finance arrangements. Payroll records and VAT records are relevant where the company operates payroll or is VAT registered. If some of these do not exist because there has been little activity, that is not a problem — we work from the records you do have.

Does a new limited company have to file accounts with Companies House?

A limited company generally has to prepare accounts and deliver them to Companies House where required, and that applies to first-year accounts as well as later years. Filing the accounts is not the same as submitting a confirmation statement, which is a separate filing that keeps the company's registered information up to date. Companies House records that accounts have been delivered; it does not prepare them, check how they were prepared professionally, or approve them.

Do we still need to file first-year accounts if the company has not traded?

In many cases a company still has statutory filing obligations even where trading has not started or activity has been minimal. Where there have been no significant accounting transactions, the correct reporting position depends on the company's circumstances and the applicable rules, and it should not be assumed that the company is dormant without checking the conditions. Directors planning to treat a company as dormant in Yarnton should take advice on whether that position is appropriate before relying on it.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has a Corporation Tax obligation. The figures in the accounts often feed into the Corporation Tax position, but the two filings have different purposes, different destinations and different rules, and completing one does not complete the other. The company's first Corporation Tax accounting period may also not be identical to its accounts period.

Can a newly incorporated company qualify for micro-entity accounts?

Some companies do qualify, but not all, and there is no assumption that a new or small company automatically falls into the micro-entity framework. Eligibility depends on meeting the applicable conditions and thresholds for the relevant accounting period. Where a company does qualify, FRS 105 sets out the reporting requirements it would follow. We assess this against your company's actual circumstances before preparing anything.

What happens if first-year accounts are filed late?

Failing to deliver required accounts by the applicable deadline can lead to Companies House consequences, and the outcome depends on how overdue the filing is and the company's filing history. Paying any penalty does not remove the obligation to file the outstanding accounts, and it does not settle the company's other compliance matters. If accounts are already overdue, the priority is to resolve the position and complete the filing. Whether a penalty appeal is available depends on the circumstances and the applicable rules.