─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stoke Gabriel — Prepared, Reviewed and Filed with Professional Support

Reaching the end of a company’s first accounting period often raises more questions than answers. Directors of newly incorporated companies in Stoke Gabriel frequently want to know what actually has to be prepared, what records are needed and what has to be sent to Companies House. Micro Entity Accounts provides practical support with First Year Accounts for Limited Company clients — reviewing the accounting records, preparing the first set of statutory accounts for the initial accounting period and filing them with Companies House where required. We also help directors see how the accounts fit alongside the company’s wider compliance position, including any Corporation Tax Return such as a CT600, which is submitted separately to HMRC and is not the same as the Companies House 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?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period. They cover the period from incorporation, or from the date the company began its reporting obligations, up to its first accounting reference date. Every limited company has a first accounting period, and while the length and end date depend on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements, the obligation to prepare statutory accounts for that period is not optional simply because the company is new. The accounts normally include a balance sheet showing the company’s assets and liabilities at the period end, along with a profit and loss account where the applicable reporting framework requires one, plus notes and any other disclosures required for the framework used. Directors are also responsible for ensuring the accounts are prepared properly and for approving them, and they remain responsible for the company’s statutory obligations even when an accountant is engaged to help. Where a company meets the eligibility conditions for the relevant accounting period, it may be able to report using the micro-entity framework, with FRS 105 as the financial reporting standard applicable to qualifying micro-entity entities. Eligibility is not automatic — a newly incorporated company is not a micro-entity by default, and the appropriate framework depends on the company’s circumstances and the rules that apply to that period. A company that does not qualify as a micro-entity may fall within the small-company regime or need to report under a fuller framework. It is important to keep first year statutory accounts separate from other filings. The accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and that submission is a distinct process with a distinct purpose. A confirmation statement is also separate again — it confirms the company’s registered information rather than reporting its financial results. Filing accounts does not, by itself, complete any of those other obligations. For directors running a new company in Stoke Gabriel, the practical starting point is usually assembling accurate accounting records — bank transactions, income and sales records, business expenses, purchase invoices, asset purchases, share capital details, any director transactions or loans, and payroll or VAT records where those apply. From there, the figures can be reviewed, the accounts prepared and the filing handled in line with the relevant requirements.

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.

Professional First Year Accounts Preparation and Filing Support in Stoke Gabriel

If your company’s first accounting period is approaching and you are unsure which figures belong where, which reporting framework applies, or what actually needs to be sent to Companies House, you are not alone. Many directors incorporating a company in Stoke Gabriel find the first set of accounts harder to pin down than the annual filings that follow. Micro Entity Accounts can take the preparation and filing of First Year Accounts for Limited Company clients off your desk — reviewing your accounting records, preparing the statutory accounts, handling the Companies House submission where required and explaining clearly how that filing sits alongside any separate Corporation Tax or confirmation statement obligations. With clear pricing, fixed-fee support and no hidden costs, getting the first year right from the outset is a sensible step for any director who would rather focus on running the business.

─── 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?

First year accounts are the company's first set of annual statutory accounts, covering its initial accounting period from incorporation or from the start of its reporting obligations up to its first accounting reference date. They typically include a balance sheet, a profit and loss account where the applicable framework requires one, and supporting notes. They are prepared for the company's directors to approve and are delivered to Companies House where required.

When are first year accounts due to be filed?

There is no single deadline that applies to every company. The first accounting period and the date by which accounts must be filed depend on the company's incorporation date, its accounting reference date and the applicable Companies House requirements. Some companies' first accounting periods are longer than twelve months, which can affect the filing position. Because the calculations differ from company to company, it is worth confirming the specific dates for your company rather than relying on a general rule of thumb.

What information is needed to prepare first year accounts?

It depends on what the company has done during the period. Typically we would look at bank statements and transactions, sales and income records, business expenses and purchase invoices, any asset purchases, share capital information, director transactions or loans, and payroll or VAT records where those apply. A company with limited activity will need less, but accurate accounting records are still the foundation of the accounts.

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

Newly incorporated limited companies generally do have to prepare and file statutory accounts for their first accounting period where the applicable requirements apply. Being recently incorporated does not remove that obligation, and having little or no activity does not automatically remove it either. Whether the company's position is dormant, non-trading or simply quiet depends on its circumstances and the applicable rules, so it is worth checking before assuming nothing needs to be filed.

Are first year accounts the same as a Corporation Tax Return or 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 the company has Corporation Tax obligations. The two filings serve different purposes and go to different places. Information from the accounts is often used when preparing the company's Corporation Tax position, and the company's first Corporation Tax accounting period may not necessarily be identical to its statutory accounts period.

Does a company that has not traded still need first year accounts?

A company may still have statutory filing obligations even where it has had limited activity or has not yet commenced trading. Even with no significant accounting transactions, the correct reporting position needs to be established rather than assumed, and describing a company as dormant is a specific decision rather than a default. Directors of non-trading companies in Stoke Gabriel should review their position with professional support rather than letting a filing fall overdue.

Can a new limited company use micro-entity accounts or FRS 105?

Possibly, but not automatically. Some newly incorporated companies qualify for simplified reporting as micro-entities if they meet the applicable eligibility requirements for the relevant accounting period, and FRS 105 is the financial reporting standard that applies to qualifying entities using the micro-entity framework. Others fall within the small-company regime or need a fuller framework. Low turnover alone does not guarantee micro-entity status, so the appropriate framework should be determined from the company's own circumstances.

How do first year accounts differ from a confirmation statement?

They are two completely different filings. First year accounts report the company's financial position for its initial accounting period, while a confirmation statement confirms that the company's registered details at Companies House remain accurate. Filing the accounts does not replace the confirmation statement, and a limited company may still need to submit confirmation statements and keep its Companies House information up to date alongside its accounts and any Corporation Tax obligations.