─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Yeadon, Prepared and Filed with Clarity

Your company’s first set of statutory accounts sets the tone for everything that follows, and it is worth getting them right from the start. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Yeadon with First Year Accounts for Limited Company, from reviewing the accounting records you hold through to preparing a balance sheet and profit and loss account where applicable and delivering the accounts to Companies House where required. We also explain how the first accounting period is determined by your incorporation date and accounting reference date, and how that sits alongside separate obligations such as a Corporation Tax Return or CT600 submitted to HMRC, a confirmation statement, and any VAT or payroll filings that apply to your company. The aim is straightforward: accurate first-year figures, a reporting framework matched to your circumstances, and a director who understands what has been filed and why.

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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?

First-year accounts are the initial set of statutory accounts a limited company prepares for its first accounting period, covering the period from incorporation, or from the date it began trading, up to its first accounting reference date. They are not optional simply because the company is new, and a company can still have filing obligations even where activity has been limited or trading has not yet commenced. The accounting period itself is not identical for every company: it depends on the incorporation date, the accounting reference date set at Companies House, and whether the period has been shortened or extended in line with the applicable rules. Once prepared, the accounts are generally delivered to Companies House where required, with the filing deadline following from that accounting period rather than from a single fixed date applied to all new companies. Where a company meets the eligibility criteria for the relevant accounting period, it may be able to report under the micro-entity framework. That framework uses the financial reporting standard known as FRS 105, which is designed for qualifying entities preparing simpler accounts. Eligibility is assessed on the company’s circumstances and the requirements in force for that period, so it should never be assumed. Plenty of newly incorporated companies fall outside the micro-entity thresholds, and others prepare fuller accounts because of their size, structure or the expectations of lenders and investors. It also helps to separate first-year statutory accounts from the other filings a company may face. Statutory accounts go to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC and serves a different purpose, even though figures from the accounts often feed into it. The company’s first Corporation Tax accounting period and its statutory accounts period may not be identical. A confirmation statement is a separate annual filing that confirms the company’s registered details, and it is not replaced by filing accounts. VAT Returns and payroll submissions, where the company is registered for them, are separate again.

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 Prepared Properly, With Filing Support Included

If your company has recently been incorporated in Yeadon and the first accounting period is approaching, the most common worry is simply not knowing where to start — which records matter, which reporting framework applies, and what actually has to be sent to Companies House. Micro Entity Accounts offers professional preparation of First Year Accounts for Limited Company, beginning with a review of your bank transactions, income records, expense and purchase invoices, asset purchases, share capital details and any director transactions or loans, so the figures reflect what has genuinely happened in the company. We then prepare the accounts on the framework that fits your circumstances and support you with the Companies House filing where required, while being clear about the separate HMRC position for Corporation Tax. If you would rather have your first set of statutory accounts handled accurately by someone who does this regularly, get in touch and we can talk through your company’s position.

─── 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 your company prepares for its initial accounting period, covering the period from incorporation or the start of trading through to the first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, along with the notes required by the reporting framework you use. Once finalised, they are generally filed with Companies House where required.

When are first accounts due to be filed?

The deadline is not the same for every company. It is worked out from your company's accounting reference date, the incorporation date and the length of the first accounting period, which may be shorter or longer than twelve months in certain circumstances. Because Companies House applies specific rules to first periods, it is worth checking your company's own filing date rather than assuming a standard timeframe. We can confirm the position for your company when we prepare the accounts.

What information do you need to prepare first-year accounts in Yeadon?

Most commonly, we need bank statements and transaction records, sales or income information, business expense and purchase invoices, details of any assets bought, share capital information, and records of loans or director transactions. Where the company operates payroll or is VAT registered, those records are relevant too. Not every company will have all of these — a newly incorporated company with limited activity may have very little — and we will tell you what is actually needed based on your circumstances.

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

In most cases, yes. Incorporation brings statutory filing obligations, and preparing first-year accounts is part of meeting them. That applies even where the company has had little activity or has not yet started trading, although the reporting position in those situations depends on the company's specific circumstances and the applicable rules rather than an automatic assumption that it is dormant. If you are unsure how your company is treated, it is better to review the position before the filing date arrives.

Are first-year accounts different from annual accounts?

They are the same type of statutory accounts, but the first set is usually prepared for a longer or differently structured period because it begins on the date of incorporation. Later years normally cover a standard twelve-month period. The first set can also take a little more work, since share capital, initial director transactions and setup costs often appear for the first time.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. The two are separate filings with separate purposes, and completing one does not complete the other. Figures from the accounts are often used when preparing the Corporation Tax position, but the company's first Corporation Tax accounting period and its accounts period may not be identical.

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

Some new companies do qualify, but it is not automatic. Eligibility depends on whether the company meets the applicable criteria for the relevant accounting period, and the appropriate framework is then confirmed before the accounts are prepared. Micro-entity accounts are prepared under FRS 105, the standard for qualifying entities, while a company that does not meet the criteria would report under a different framework. We assess this as part of the preparation process.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the need to file the outstanding accounts. If accounts have already become overdue, the priority is usually to get the position resolved promptly; whether an appeal is possible depends on the circumstances and the applicable rules.