─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Broxbourne: Prepared, Reviewed and Filed

If your company has been incorporated recently, the first set of statutory accounts is one of the earliest compliance tasks you will face — and often the one directors feel least certain about. Micro Entity Accounts supports limited companies in Broxbourne with first-year accounts preparation, beginning with a review of your accounting records and confirmation of the period the accounts need to cover. We prepare the statutory accounts, including a balance sheet and, where applicable, a profit and loss account and supporting notes, and can file them with Companies House where required. Corporation Tax is handled separately: where a CT600 is due, it is submitted to HMRC and dealt with as its own distinct filing.

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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? A Guide for Broxbourne Limited Companies

First-year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which runs from the date the company was incorporated (or, in some circumstances, from the date it began trading) to its first accounting reference date. A newly incorporated company in Broxbourne is expected to deal with these obligations regardless of how much activity has taken place, and recent incorporation does not make the accounts optional. The first accounting period is not the same for every company. Companies House assigns an accounting reference date on incorporation, and that date drives both the period the accounts cover and the deadline for delivering them. The first period is often longer than the twelve months used in later years, which is one reason the first set of accounts tends to raise more questions than subsequent ones. Preparation should therefore start from the company’s own dates rather than from a general rule of thumb. Where a company meets the eligibility conditions for the relevant accounting period, it may be able to prepare accounts under the micro-entity framework, with FRS 105 as the financial reporting standard applicable to qualifying micro-entities. Eligibility is assessed case by case against the requirements in force for that period. It should not be assumed — a newly incorporated company may or may not qualify, and the appropriate framework depends on the company’s own circumstances. It also helps to keep the different obligations separate. Statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and it is a separate filing with a separate purpose and destination. A confirmation statement is separate again. Completing one of these does not discharge the others, and the company’s first Corporation Tax accounting period may not be identical to its statutory accounts period.

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.

Let Experienced Accountants Prepare Your First Year Accounts for Limited Company in Broxbourne

The first set of accounts usually arrives sooner than directors expect, and it is rarely obvious from the incorporation paperwork what period needs to be covered or which reporting framework applies. If your records are incomplete, your activity has been limited, or you are simply unsure whether anything is due yet, that uncertainty is worth resolving early rather than late. Micro Entity Accounts provides professional preparation and filing support for first-year limited company accounts, including a review of your accounting records, preparation of the statutory accounts and delivery to Companies House where required. Directors remain responsible for the company’s compliance, but you do not have to work it out alone — clear pricing and straightforward guidance on what is needed make the process considerably easier to manage.

─── 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 your company prepares for its initial accounting period, which begins on incorporation and ends on the company's first accounting reference date. Depending on the reporting framework used and the company's circumstances, they normally include a balance sheet, a profit and loss account where required, supporting notes and, where applicable, a directors' report. They are prepared from the company's accounting records and delivered to Companies House where required.

When are my first accounts due?

The due date is not identical for every company. Companies House sets an accounting reference date when the company is incorporated, and the deadline for the first accounts is calculated from that date, with the first period often covering more than twelve months. Because the calculation depends on your company's own dates, the practical approach is to check the deadline shown on your Companies House record and begin preparation well before it falls due.

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

Typically bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information and any director loan or finance arrangements. Where the company has run payroll or is VAT registered, those records are relevant as well. If activity has been minimal, we still review what exists, including the incorporation documents and share capital position, to work out the correct reporting treatment.

Do new limited companies have to file accounts with Companies House?

A limited company is generally expected to prepare and file statutory accounts with Companies House where required, whether or not it has started trading. A company with no significant accounting transactions may be in a different reporting position, but that depends on its individual circumstances and the applicable rules rather than on an automatic assumption that it is dormant. Directors in Broxbourne are better off confirming the position early rather than assuming nothing is due.

Do we still need accounts if the company has not traded?

Possibly. Filing obligations do not simply disappear because a company has been quiet, and having limited activity is not the same as being exempt. Where there have been no significant transactions, the reporting position depends on whether the company meets the relevant conditions and on the rules that apply to it. Reviewing this before the deadline is far simpler than dealing with a missed filing afterwards.

Are first-year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The figures in the accounts often inform the tax position, but the two filings serve different purposes and go to different bodies, and completing one does not complete the other. A company's first Corporation Tax accounting period may also differ from its statutory accounts period.

Can a new company qualify for micro-entity accounts?

Some newly incorporated companies do qualify for the micro-entity framework, which uses FRS 105 as its financial reporting standard, but eligibility depends on the company's circumstances and the requirements applicable to the relevant accounting period. It is not automatic for startups, nor for every company with modest turnover, and it should be assessed for each period rather than assumed at incorporation.

Does filing first-year accounts replace the confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details are correct, and it does not take the place of statutory accounts or a Corporation Tax Return. A limited company may need to submit all of these, depending on its circumstances. Keeping Companies House information up to date is a distinct responsibility from preparing and filing the accounts.