─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Newly incorporated companies in Stortford take on statutory reporting duties from the moment they are formed, and the first set of accounts is often the one directors have the least experience of. We prepare the first statutory accounts from your accounting records, review the figures with you, and deliver the accounts to Companies House where required. Corporation Tax is handled separately by HMRC, so we also consider how the same accounting information supports a CT600 where the company needs to file one. Whether your company has been trading for a while or has only just begun, the focus is on accurate statutory accounts and a clear understanding of the compliance steps that follow.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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, and How Do They Fit Your Stortford Limited Company?

If you have recently incorporated a company in Stortford, the first set of statutory accounts is one of the earliest formal reporting tasks you will face. First-year accounts are the first statutory accounts a limited company prepares for its initial accounting period. They are built from the company’s accounting records and normally include a balance sheet and, where applicable, a profit and loss account, along with any notes required by the reporting framework the company uses. The first accounting period generally runs from the incorporation date through to the company’s first accounting reference date, although the exact period depends on those dates rather than following an identical pattern for every company. Directors remain responsible for making sure the accounts are prepared and delivered, even when an accountant handles the work. Filing is not a single obligation. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has a Corporation Tax obligation, and the company’s first Corporation Tax accounting period may not match its statutory accounts period. A confirmation statement is separate again — it confirms the company’s registered information and does not replace the accounts. Filing one document does not complete the others. Some companies may qualify for the micro-entity framework if they meet the eligibility conditions for the accounting period in question, and qualifying micro-entities can use FRS 105, the reporting standard that applies to that framework. Qualification is not automatic for a newly incorporated company, and a quiet or low-activity year does not by itself make a company a micro-entity. Larger companies, or those within a group, may fall within the small-company regime or full reporting instead. We confirm which framework applies before the first-year accounts are finalised so the figures are presented on the correct basis.

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 Stortford Prepared Correctly From the Outset

Many directors incorporate a company and then discover that the first accounting period does not behave quite like later years — the period length, the reporting framework and the Companies House filing requirements all need to be checked rather than assumed. Micro Entity Accounts supports limited companies with the preparation and filing of their first statutory accounts, working from the records you hold, confirming the framework your company is eligible to use, and explaining what still needs to happen separately for HMRC and Companies House. If you are unsure what your new company needs to file, or you simply want the accounts prepared on a sound footing, speak to us about your first year and we will set out the next steps clearly.

─── 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 first set of statutory accounts a limited company produces for its initial accounting period. They are prepared from the company's accounting records and normally include a balance sheet and, where applicable, a profit and loss account, together with any notes the chosen reporting framework requires. They cover the company's first accounting period, which is generally determined by the incorporation date and the accounting reference date. Once prepared, they are delivered to Companies House where required. They are a separate matter from a Corporation Tax Return, which is submitted to HMRC.

When do first-year accounts need to be filed?

The filing deadline is not identical for every company. It is worked out from the company's incorporation date and its accounting reference date, and Companies House sets the deadline from those dates. The first accounting period often differs in length from the periods that follow, which is why it is worth checking the specific date recorded for your company rather than assuming a standard deadline applies. We can confirm the relevant date and plan the preparation work so the accounts are ready in good time.

What information is needed to prepare first-year accounts?

It depends on what the company has done. Commonly needed records include bank statements and transaction listings, sales and income records, purchase invoices and expense receipts, details of asset purchases, director transactions and any loans or finance agreements. Share capital information is also required, along with payroll records where the company runs payroll and VAT records where it is VAT registered. Not every company will have all of these, and a company with limited activity may have far less to provide. We will confirm exactly what is relevant to your circumstances.

Does a newly incorporated company have to file accounts with Companies House?

A company takes on reporting responsibilities when it is incorporated, and those responsibilities do not disappear simply because the company is new. Where the company is required to file statutory accounts, they must be delivered to Companies House. There are limited situations in which a different reporting route may apply, and whether that is available depends on the company's circumstances and the applicable rules. It is worth checking the position rather than assuming nothing is required, particularly for directors in Stortford who are dealing with their first filing.

Do first-year accounts need to be filed if the company has not started trading?

A company that has not yet begun trading may still have reporting responsibilities, and the position depends on its circumstances and the applicable rules. Directors sometimes assume that nothing needs to be done where there have been no significant accounting transactions, but that is not automatically the case. Whether accounts are needed, and how they should be prepared, is a different question from whether the company is dormant, which is a defined status rather than a loose description of a quiet year. We can confirm what applies before you decide what to file.

Are first-year accounts the same as a CT600?

No. First-year accounts are statutory accounts prepared for Companies House where required. A Corporation Tax Return, such as a CT600, is submitted separately to HMRC where the company has Corporation Tax obligations. Filing one does not complete the other. A confirmation statement is separate again. The accounting information behind your statutory accounts often supports the tax return, but the two filings serve different purposes, go to different destinations and follow their own deadlines.

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

Possibly, but not automatically. A company may qualify for micro-entity reporting if it meets the eligibility requirements for the relevant accounting period, and qualifying micro-entities can use FRS 105. A newly incorporated company does not qualify simply because it is small or has had little activity, and eligibility should be assessed against the applicable conditions. Larger companies or those within a group may fall within the small-company framework or full reporting instead. We confirm the appropriate framework for your first year before the accounts are prepared.

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, which may include late filing penalties that generally increase the longer the accounts remain outstanding. The outcome is not identical for every company or every delay. Paying a penalty does not remove the obligation to file, so the accounts still need to be prepared and delivered. Where a deadline has already passed, the priority is usually to bring the accounts up to date. Appeal eligibility depends on the circumstances and the applicable rules.