─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Yelverton, Prepared and Filed for You

A company’s first set of statutory accounts tends to raise questions that a standard letter never quite answers: what period do they cover, what actually goes to Companies House, and how does the separate Corporation Tax position fit around them? Micro Entity Accounts prepares First Year Accounts for Limited Company directors in Yelverton, working from the accounting records kept since incorporation. We review the figures, prepare a balance sheet and, where applicable, a profit and loss account, and file the accounts with Companies House where required. Where a Corporation Tax Return such as a CT600 is needed, that is a separate submission to HMRC, and we can support you with it alongside the accounts so the two obligations are not confused with one another.

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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 first set of statutory accounts a limited company prepares for its initial accounting period. That period usually begins on the date of incorporation and ends on the company’s first accounting reference date, which Companies House generally sets to the last day of the month in which the first anniversary of incorporation falls. Because a first period can be longer than twelve months, the accounting period, the accounting reference date and the resulting filing deadline are best confirmed for the company in question rather than assumed. Directors can sometimes change the accounting reference date, but there are procedures and limits, so it is worth checking before accounts are prepared. Preparing the accounts is not simply a matter of adding up the bank balance. Directors need to have kept accounting records from day one, and those records shape the accounts: sales invoices and income records, business expenses and purchase invoices, asset purchases, share capital issued at incorporation, any director’s loan movements, and payroll or VAT records where those apply. Not every company will have all of these, but whatever activity has taken place needs to be reflected accurately. We use those records to build the accounts and to show the company’s position at the period end. The reporting framework matters as much as the figures. Some companies may qualify for the micro-entity framework, and FRS 105 is the financial reporting standard written for qualifying micro-entities, allowing a simplified balance sheet with limited disclosure. Eligibility depends on the company’s size and circumstances for the relevant accounting period, so it should be assessed rather than assumed. Being newly incorporated does not by itself mean a company qualifies, and not every new limited company is a micro-entity. It also helps to keep the separate filings straight. First-year statutory accounts are delivered to Companies House where required, and Companies House does not approve them or assess whether an accountant prepared them. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the company’s first Corporation Tax accounting period may not match the period covered by the statutory accounts. A confirmation statement is a further, separate filing that keeps Companies House information such as directors and share capital up to date. For directors of newly incorporated companies in Yelverton, we prepare and file the first statutory accounts and explain clearly which other obligations still sit with the company.

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 Yelverton Prepared Properly

The uncertainty around a first accounting period is rarely about bookkeeping — it is about what the accounts need to contain, which framework applies and where the finished accounts have to go. Micro Entity Accounts prepares and reviews First Year Accounts for Limited Company clients in Yelverton, works from the records you already hold, confirms the accounting period that applies to your company and files the accounts with Companies House where required. Pricing is clear, fees are fixed in advance and there are no hidden costs, so you know where you stand before we begin. We will also set out what remains outstanding on the Corporation Tax and confirmation statement side, because those are separate obligations that filing the accounts does not settle. If your first period end is getting closer, speaking to us early gives you time to sort the records properly and avoid a rush at the end.

─── 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 annual statutory accounts a company prepares for its initial accounting period, which normally runs from the date of incorporation to the company's first accounting reference date. The accounts typically 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. Once prepared, they are filed with Companies House where required. They are a statutory obligation, not an optional exercise for a newly formed company.

How is the first accounting period worked out for a newly incorporated company?

Companies House sets the company's first accounting reference date at incorporation, generally to the last day of the month in which the first anniversary of incorporation falls. The first accounting period starts on the date of incorporation and ends on that reference date, which is why a first period can be longer than twelve months. Directors can sometimes change the accounting reference date, but there are rules and limits around doing so. Confirm the dates before the accounts are prepared rather than working from assumption.

Do newly incorporated companies in Yelverton have to file first-year accounts with Companies House?

A company incorporated in Yelverton has the same statutory accounts obligations as any other UK limited company, and those obligations apply whether or not the company has started trading or generated income. Statutory accounts are delivered to Companies House where required, and Companies House does not approve them or assess how they were prepared. If you are unsure which filing applies to your company, it is worth checking the position early rather than waiting until the deadline is close.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typically we ask for bank transactions and statements, sales and income records, purchase invoices and expense receipts, details of any assets purchased, the share capital issued at incorporation, director loan movements, and payroll or VAT records where those apply. If the company has had very little activity, we still need the records of whatever did take place so the accounts reflect the position accurately. Sending everything in one organised set usually makes the process quicker.

Are first-year accounts the same as a CT600?

No, and the two should not be treated as interchangeable. First-year statutory accounts are filed with Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. Figures from the accounts often inform the Corporation Tax position, but the filings serve different purposes and go to different bodies. A company's first Corporation Tax accounting period may not line up exactly with the statutory accounts period, and completing one filing does not complete the other.

Can a newly incorporated company qualify for micro-entity accounts under FRS 105?

Some do, but not automatically. The micro-entity framework is available to companies that meet the eligibility conditions for the relevant accounting period, and FRS 105 is the reporting standard that applies to qualifying micro-entities, allowing a simplified balance sheet and reduced disclosure. A new company with modest activity may well qualify, but the test has to be applied to that company's own circumstances and figures. If it does not qualify, a different framework applies and the accounts are prepared accordingly.

Does filing first-year accounts replace the confirmation statement or other filings?

No. A confirmation statement is a separate filing that confirms the company's details at Companies House, including directors, share capital and registered office, and it runs on its own cycle. Corporation Tax and VAT, where the company is registered, are separate again. Preparing and filing the first-year accounts resolves the accounts element of the compliance picture only, so it is worth keeping a simple view of everything that is due.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to consequences from Companies House, and the position varies depending on how late the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts have been filed late and a director believes there was a valid reason, whether an appeal is possible depends on the circumstances and the applicable rules. Raising the issue early is usually better than leaving it unresolved.