─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Newly incorporated companies in Stanmore rarely get much breathing space before their first statutory accounts fall due. First Year Accounts for Limited Company in Stanmore are the first set of annual accounts prepared for that initial accounting period, and they need to be built from accurate accounting records and delivered to Companies House where required. Our work is to help directors through that process — reviewing the records you hold, preparing a balance sheet and a profit and loss account where applicable, and assisting with the filing so the company’s obligations are met. Corporation Tax sits separately: a CT600 is submitted to HMRC, not to Companies House, and it may cover a different period. Getting the framework, the accounting period and the underlying records right at the first attempt saves directors in Stanmore a good deal of avoidable difficulty later on.

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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 New Limited Companies in Stanmore

First-year accounts are the first set of statutory accounts a limited company prepares, covering the period from incorporation, or from the date it began trading where that differs, through to its first accounting reference date. Companies House sets an accounting reference date when a company is incorporated, and the first accounting period is measured from that point rather than being a tidy twelve months. As a result, a company’s first accounts can cover a longer or shorter period than later sets, and the filing deadline depends on the company’s own dates and the applicable Companies House requirements. Every UK limited company has to prepare annual accounts, and that obligation applies to the first year just as much as to any other. A company that has not yet started trading, or that has had limited activity, may still have statutory filing requirements — its reporting position depends on its circumstances and the applicable rules rather than being something that can simply be assumed. Where accounts are required to be filed, they are delivered to Companies House. Companies House does not prepare those accounts, does not assess whether an accountant prepared them, and does not approve them; it receives and registers the filing. Some companies qualify to prepare accounts under the micro-entity framework, which is based on FRS 105, the financial reporting standard applicable to qualifying entities using that framework. Eligibility depends on meeting the applicable criteria for the relevant accounting period, and not every newly incorporated company will qualify — a new company is not automatically a micro-entity, and low activity on its own does not guarantee anything. The appropriate framework should be determined from the company’s own circumstances. It also helps to keep the separate filings clearly apart. Statutory accounts go to Companies House, a Corporation Tax Return such as a CT600 goes to HMRC where the company has Corporation Tax obligations, and a confirmation statement is a further Companies House filing in its own right. Completing one does not complete the others, and the company’s first Corporation Tax accounting period is not always 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.

First Year Accounts for Limited Company in Stanmore — Get Them Prepared and Filed Properly

The first set of statutory accounts tends to raise more questions than any later filing. If your company’s initial accounting period is drawing to a close, or you are simply unsure how the dates work, working with an accountant who deals with newly incorporated companies regularly takes that uncertainty out of the process. Micro Entity Accounts assists directors with first-year accounts preparation, reviewing the accounting records you hold, considering the appropriate reporting framework where the company is eligible, and filing with Companies House where required — with separate support for Corporation Tax matters where those apply. You get clear pricing, transparent fees and a straightforward explanation of what is needed from you. If you would like your first accounts in Stanmore prepared accurately and on a sound footing, get in touch and we will set out the next steps.

─── 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 a company prepares for its initial accounting period, normally covering the time from incorporation — or from the date it began trading, where that is different — through to its first accounting reference date. They typically include a balance sheet and, where applicable, a profit and loss account, together with the notes required by the reporting framework the company uses. They are prepared from the company's accounting records and delivered to Companies House where required.

When are my first year accounts due?

There is no single answer, because the deadline depends on your company's incorporation date, its accounting reference date and the applicable Companies House requirements. The first accounting period is often longer or shorter than twelve months, which affects when the accounts fall due. We can review your company's specific dates and confirm the position rather than applying a blanket rule to every new company.

What information is needed to prepare first year accounts?

It depends on what the company has actually done during the period. Typical items include bank statements and transaction records, sales and income records, purchase invoices and business expenses, details of any assets purchased, director transactions and loans, share capital information, and payroll or VAT records where those apply. If your company has had very little activity, the list will be shorter. We will tell you what is relevant to your circumstances rather than asking for everything at once.

Do newly incorporated companies have to file accounts with Companies House?

Yes. A limited company has statutory accounts obligations from the point it is incorporated, and the first set is not optional simply because the company is new. Where accounts are required to be filed, they are delivered to Companies House. It is worth being clear about what that involves: Companies House does not prepare your accounts, does not check whether an accountant prepared them and does not approve them — it receives and registers the filing. A confirmation statement is a separate Companies House filing that may also be due.

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 Corporation Tax obligations. Information from the accounts is often used when preparing the Corporation Tax position, but filing one does not complete the other. The company's first Corporation Tax accounting period and its statutory accounts period may also differ.

Do first year accounts need to be filed if the company has not traded?

A company can still have statutory filing obligations even where it has had limited activity or has not yet commenced trading. Whether accounts are required, and what they should contain, depends on the company's circumstances and the applicable rules, rather than being automatically treated as dormant. It is worth checking the position properly instead of assuming nothing needs to be filed.

Can a new limited company in Stanmore qualify for micro-entity accounts?

Some companies do qualify for the micro-entity framework, which is based on FRS 105, but eligibility depends on meeting the applicable criteria for the relevant accounting period. A newly incorporated company is not automatically a micro-entity, and limited activity does not by itself guarantee qualification. The appropriate framework should be determined from the company's own circumstances, and we can help directors in Stanmore work out which basis applies.

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 can vary depending on the circumstances and how overdue the filing is. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If accounts are already overdue, it is usually better to deal with it promptly than to leave it, and we can review the position and explain the options available.