─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stroud, Prepared and Filed With Care

A company’s first set of statutory accounts sets the tone for every filing that follows. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Stroud with their First Year Accounts for Limited Company — reviewing the accounting records, preparing the statutory accounts, and helping with delivery to Companies House where required. Where a company also has Corporation Tax obligations, we explain clearly that a CT600 is submitted separately to HMRC, with its own deadlines and its own purpose. The first accounting period, the accounting reference date and the applicable reporting framework all shape what the accounts need to contain, so the starting point is understanding your company’s position rather than applying a one-size-fits-all template.

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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 Stroud Directors

First year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period. They are not optional, and they are not something a newly incorporated company can set aside simply because trading has only just begun or has not started yet. When a company is incorporated, Companies House establishes an accounting reference date, and the first accounting period generally runs from the incorporation date to that reference date. That means the first period can be longer or shorter than twelve months depending on the company’s own incorporation and reference dates, so directors in Stroud should check their company’s specific details rather than assume a standard timeline. The accounts themselves report the company’s financial position at the period end. Typically that means a balance sheet, and where applicable a profit and loss account, together with any notes required by the reporting framework the company uses. Directors remain responsible for ensuring adequate accounting records are kept and that the required filings are made, even where an accountant is engaged to prepare and submit them. Some limited companies may qualify to prepare accounts under the micro-entity framework, and FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. Qualification depends on meeting the applicable eligibility conditions for the relevant accounting period. Not every newly incorporated company qualifies, and a company with modest activity does not automatically fall into the micro-entity category either. Where micro-entity reporting is not available, the small company regime or a fuller framework may apply. It also helps to separate the three common filings clearly. 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 Corporation Tax obligations, and the first Corporation Tax accounting period may not necessarily match the statutory accounts period. A confirmation statement is a further, distinct obligation. Completing any one of these does not discharge the others, which is why a short review of the company’s overall position early on is usually worthwhile.

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 Stroud — Prepared, Reviewed and Ready to File

The first accounting period is often the one that raises the most questions, particularly for directors who have recently incorporated and are still working out which framework applies, what belongs in the accounts and what Companies House actually expects to receive. Micro Entity Accounts helps limited companies in Stroud work through that uncertainty by preparing first-year statutory accounts from accurate accounting records, explaining the difference between Companies House accounts filings and separate HMRC requirements, and providing straightforward filing support where required. If your bookkeeping is incomplete, your accounting reference date is unclear or you are unsure whether micro-entity reporting is available to you, we can review the position before preparation starts. Getting professional input at this stage means the company’s first accounts are built on records that make sense and a process you understand, which makes every subsequent year simpler 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 exactly are first-year accounts for a limited company?

They are the first set of statutory annual accounts a company prepares for its initial accounting period, covering the period from incorporation to its first accounting reference date. They 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. They are a statutory requirement rather than an optional exercise, and they are generally filed with Companies House where required.

When are first accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not the same for every company. Companies House sets the accounting reference date at incorporation, and the first filing deadline is calculated from there, subject to the applicable rules. Because the first period is often longer or shorter than a standard twelve months, the safest approach is to confirm your company's own dates rather than rely on a general assumption.

What information is needed to prepare first-year accounts?

It usually starts with complete accounting records: bank transactions, sales and income records, business expenses, purchase invoices, details of any assets bought, director transactions and loans, share capital information, and supporting documents. Payroll or VAT records may also be relevant where the company has those obligations. Not every company will have all of these, and the list is shaped by what the company has actually done during the period. If records are thin because activity has been limited, that is still something we can work with.

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

A newly incorporated company generally has statutory accounts filing obligations, even where trading has been limited or has not yet started. The exact position depends on the company's circumstances and the applicable requirements. There are situations where a company's reporting position is affected by whether it has had significant accounting transactions, but that is a matter to assess carefully rather than to assume. Filing accounts is also separate from keeping Companies House information up to date through a confirmation statement.

Are first-year accounts the same as a CT600?

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where the company has Corporation Tax obligations. The figures in the accounts often inform the Corporation Tax position, but the two filings have different purposes, different destinations and potentially different accounting periods. Completing one does not complete the other.

Can a newly incorporated Stroud company qualify for micro-entity accounts?

It may, if it meets the applicable eligibility conditions for the relevant accounting period. Micro-entity status is not automatic for new companies, and having low turnover or limited activity does not by itself confirm eligibility. Where a company does qualify, FRS 105 is the financial reporting standard that applies to qualifying entities using that framework. If it does not qualify, the small company regime or a fuller reporting framework may be appropriate, so eligibility should be checked before preparation begins.

Are first-year accounts different from annual accounts?

They follow the same basic principles but cover a different period. Annual accounts cover a standard accounting period for an established company, whereas first-year accounts cover the company's initial period, which frequently runs for more or less than twelve months. Because of that, first-year figures can be harder to compare against later years, and the disclosure requirements may differ slightly depending on the framework used.

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 those consequences depend on the circumstances and how late the filing is. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, professional support can help you understand the position, prepare the accounts and handle the filing. Whether a penalty appeal is possible depends on the individual circumstances and the applicable rules.