─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

If your company was incorporated in or around Yateley and is now heading towards the end of its first trading or accounting period, the first set of statutory accounts tends to raise questions that simply did not exist before incorporation. First Year Accounts for Limited Company in Yateley is the work we handle most often for newly formed companies: reviewing the accounting records, preparing a balance sheet and, where applicable, a profit and loss account, and supporting delivery of those accounts to Companies House where required. We also help directors get to grips with how the first accounting period is set, how the accounting reference date shapes what has to be filed, and where the separate Corporation Tax position sits. A Corporation Tax Return, such as a CT600, goes to HMRC rather than Companies House and is handled as its own compliance matter, even where the figures come from the same underlying records. Whether your company has been trading throughout, has only recently started invoicing, or has had very limited activity so far, the objective stays the same: accurate first-year accounts prepared on the right basis for your circumstances, with no uncertainty about what gets filed and where.

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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 Does Your Yateley Company Qualify?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional, and they are not the same thing as a tax return. They are the formal accounts that report the company’s financial position and its performance for that period, and they are generally filed with Companies House where the company is required to do so. The period itself begins on the date of incorporation, and Companies House sets an accounting reference date when the company is formed. That first period is frequently longer than twelve months, because it ends on the company’s first accounting reference date rather than exactly one year after incorporation. The precise filing deadline depends on the incorporation date, the accounting reference date and the applicable Companies House requirements, so it is worth confirming your own position rather than assuming every new company follows the same timetable. Preparing the accounts means drawing together the company’s accounting records — bank transactions, sales and income records, purchase invoices and receipts, any asset purchases, director transactions and share capital information, plus payroll or VAT records where those apply — and using them to build a balance sheet and, where applicable, a profit and loss account. Company directors remain responsible for ensuring the company meets its statutory obligations, even when an accountant prepares and files the accounts on the company’s behalf. Newly incorporated companies sometimes qualify for simplified reporting as micro-entities. Where a company meets the eligibility requirements for the relevant accounting period, it may prepare micro-entity accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. That is not automatic and does not follow simply from being small, new or lightly traded — eligibility is assessed against the applicable criteria for the period in question, and some companies will fall under the small-company regime or prepare full accounts instead. Two separate obligations are often confused with first-year accounts. The first is the Corporation Tax Return, typically a CT600, which is submitted to HMRC and is not the same filing as the accounts delivered to Companies House. The company’s first Corporation Tax accounting period and its statutory accounts period do not always align, so both need checking. The second is the confirmation statement, which confirms the company’s registered details with Companies House and does not replace the accounts. Where a company has had no significant accounting transactions, its reporting position depends on its own circumstances and the applicable rules rather than being automatically treated as dormant.

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 Yateley Right the First Time

The first set of accounts is the one that sets the tone for everything that follows, and it is usually the point at which directors in Yateley realise how much of the process depends on records that were never kept with accounts in mind. If you are unsure which reporting framework fits your company, what belongs in the figures, or how the Companies House filing sits alongside your separate Corporation Tax position, Micro Entity Accounts can help. We prepare first-year statutory accounts from your accounting records, explain the information still needed to complete them, and support the filing process where accounts are required to be delivered to Companies House. We will also flag where a CT600, a confirmation statement or other obligations sit separately, so nothing is assumed to be covered by the accounts alone. If your company’s first accounting period is approaching, it is worth getting the records and the framework agreed early — speak to our team about professional first-year accounts support before the paperwork becomes urgent.

─── 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 exactly are first-year accounts for a limited company?

They are the first annual statutory accounts your company prepares for its initial accounting period. The period starts on the date the company was incorporated and runs to the company's first accounting reference date, which Companies House sets when the company is formed. The accounts normally include a balance sheet and, where applicable, a profit and loss account, along with the notes and statements required by the reporting framework the company uses. They are generally filed with Companies House where the company is required to do so, and they are separate from anything submitted to HMRC.

When are first accounts due?

It depends on your company's incorporation date and its accounting reference date, so there is no single date that applies to every new company. Because the first period commonly runs for longer than twelve months, the filing deadline is not simply one year after incorporation. The relevant Companies House requirements set out the timetable that applies to your company. If you are working with us, we will confirm your company's specific position based on its own dates rather than a general rule of thumb.

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

Typically the company's accounting records for the period: bank statements and transaction listings, sales and income records, purchase invoices and receipts, details of any assets bought or sold, share capital information, director transactions and any loans or finance arrangements. Where the company runs payroll or is VAT registered, those records are relevant too. Not every company will have all of these. If you are unsure what applies to your company, we can work through the list with you and identify what is still missing before preparation begins.

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

Yes, in most cases a limited company is required to prepare and file annual accounts with Companies House, and that obligation applies to the first period as well. Filing accounts does not mean Companies House reviews or approves them — Companies House is the registry where the accounts are delivered, not a body that signs off on their preparation. A confirmation statement is a separate filing that confirms the company's registered details and does not replace the accounts. Directors in Yateley and elsewhere remain responsible for making sure both obligations are met.

Are first-year accounts different from the annual accounts filed later?

They are the same type of document, but the first set covers the company's initial period, which often runs for more than twelve months because it ends on the first accounting reference date. Later accounting periods usually follow a standard twelve-month pattern. The reporting framework may also change from year to year if the company's circumstances change, which is one reason the first year is worth getting right rather than treating it as a formality.

Are first-year accounts the same as a CT600?

No. They serve different purposes and go to different places. Statutory accounts are 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 tax computations, but filing one does not complete the other. It is also possible for the company's first Corporation Tax accounting period and its statutory accounts period to differ, so both should be reviewed separately.

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

It may, if it meets the eligibility requirements for the relevant accounting period. Qualifying entities can use the micro-entity framework and prepare accounts under FRS 105. However, being new, small or lightly traded does not automatically make a company a micro-entity, and not every startup or low-turnover company will qualify. The appropriate framework is determined by the applicable criteria and the company's own circumstances, which is something we check before preparation starts.

What happens if first-year accounts are filed late?

Filing required accounts after the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is getting accurate accounts prepared and delivered as quickly as the records allow. Where an appeal may be relevant, eligibility depends on the circumstances and the applicable rules, so it is worth taking advice rather than assuming an appeal will s쳮d.