─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stafford — Professional Preparation and Filing Support

If your company was incorporated recently, its first set of statutory accounts is a milestone that needs to be handled properly rather than left until the last moment. Micro Entity Accounts works with directors of newly incorporated and newly trading limited companies in Stafford on the practical side of this: reviewing the accounting records you hold, preparing the first year statutory accounts, and delivering them to Companies House where required. We also explain how the initial accounting period works, which reporting framework may be appropriate for your company, and why Corporation Tax is a separate matter dealt with through HMRC, usually by way of a CT600, rather than through the Companies House filing itself.

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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? Guidance for New Companies in Stafford

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. Once a company is incorporated, its directors are responsible for keeping adequate accounting records and for making sure the required accounts are prepared and filed with Companies House where applicable. The first accounting period generally begins on the date of incorporation and ends on the company’s first accounting reference date. For a company’s very first set of accounts, that period can be shorter or longer than the twelve months a director might expect from later years, and Companies House applies its own rules to how the first period and the related filing date are determined. That is one reason first year accounts are often treated differently from the routine annual accounts that follow. Where a company has not yet begun trading, or has had limited activity, the position still depends on its circumstances and the applicable rules. A quiet period does not automatically make a company dormant, and the reporting position should be considered rather than assumed. Some companies may be eligible to use the micro-entity accounting framework, with accounts prepared under FRS 105, if they meet the eligibility conditions for the relevant period. FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility is not automatic for a new company, and the appropriate framework needs to be assessed on the facts. It is also important to keep the filings separate. Statutory accounts are delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and a confirmation statement is a further and separate filing. Completing one does not complete the others, even though the financial information behind them may overlap.

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 Stafford Prepared Correctly

Directors of newly incorporated companies in Stafford often come to us with the same concern: the company has been running for a while, the records sit in a spreadsheet or an accounting app, and it is not clear what the first set of statutory accounts should contain or what has to be sent to Companies House. Micro Entity Accounts can take that on — reviewing your accounting records, preparing the statutory accounts, discussing the reporting framework that fits your circumstances, and filing with Companies House where required. We will also point out where a separate Corporation Tax position or a confirmation statement needs attention, so nothing is overlooked. Transparent fees and plain explanations are part of how we work, so you understand what is being prepared and why. If your first accounting period is approaching, involving a professional early is usually the simplest way to avoid a rushed job 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 covering a company's initial accounting period, which generally starts on the date of incorporation and ends on the company's first accounting reference date. They are prepared from the company's accounting records and typically include a balance sheet and, where applicable, a profit and loss account, together with any required notes and statements. They are separate from a Corporation Tax Return and from a confirmation statement. Because the first period can differ in length from later periods, the figures and disclosures are not always directly comparable with those in subsequent years.

When are first year accounts due at Companies House?

The due date depends on the company's incorporation date and its accounting reference date. Companies House treats a company's first accounts differently from later ones in some respects, and the filing date is worked out from those dates rather than from a single rule that applies to every new company. Rather than assume the same timetable applies to you, it is worth checking the company's own record at Companies House. As part of preparing your accounts, we can confirm the relevant dates and what they mean for your filing.

What information do I need to prepare first year accounts?

It depends on what the company has actually done. In most cases we would expect bank transactions and statements, records of any sales or other income, business expenses and purchase invoices, details of assets bought or sold, any amounts owed to or from the company, director loan transactions, share capital information and any finance or loan agreements. Where the company runs payroll or is VAT registered, the relevant payroll and VAT records will also be needed. Not every company will have all of these, and we will tell you what is relevant to your circumstances before we start.

Does a newly incorporated company have to file accounts even if it has not traded?

In many cases statutory obligations still apply, but the exact position depends on the company's circumstances and the applicable rules. Having no significant accounting transactions does not automatically mean the company is dormant — dormant status has its own conditions and separate treatment at Companies House and HMRC. It is better to check your position than to assume that no filing is needed because nothing has happened yet. We can review your situation and explain what the company is likely to need to do.

Are first year accounts the same as a Corporation Tax Return or a confirmation statement?

No. Statutory accounts are delivered to Companies House where required, a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable, and a confirmation statement is a separate Companies House filing that updates the public register. Filing accounts does not submit a CT600, and submitting a CT600 does not complete the Companies House accounts filing. It is also worth noting that a company's first Corporation Tax accounting period may not be exactly the same as the period covered by its statutory accounts, so the two need to be considered side by side rather than treated as one exercise.

Can a new limited company file micro-entity accounts under FRS 105?

Possibly, but it is not automatic. A company may be able to use the micro-entity framework, with accounts prepared under FRS 105, if it meets the eligibility conditions for the relevant accounting period. Some companies instead fall within the small company regime, which has its own thresholds and disclosure requirements. The right framework depends on the company's circumstances and the applicable rules for that period, and it affects how the accounts are presented and what is disclosed. We can review your position and recommend the approach that fits.

What happens if first year accounts are filed late?

Failing to deliver required accounts to Companies House by the applicable deadline can lead to consequences, and the outcome depends on the circumstances of the case, including how late the filing is. Paying any penalty does not remove the need to file the outstanding accounts. Where an appeal is considered, eligibility depends on the individual circumstances and the applicable rules rather than being guaranteed. If you think a deadline may have been missed, it is better to act quickly and get the accounts prepared and filed as soon as possible.

Can a limited company in Stafford get help preparing and filing first year accounts?

Yes. Micro Entity Accounts supports directors of newly incorporated and newly trading limited companies in Stafford with preparing their first statutory accounts and filing them with Companies House where required. That includes reviewing your accounting records, identifying any gaps, agreeing the reporting framework that suits your company, and explaining how the accounts connect to your wider compliance position. Directors remain responsible for the company's statutory obligations, but professional support can make the preparation and filing process considerably clearer.