─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Chelmsford: Professional Preparation and Filing Support

For directors dealing with First Year Accounts for Limited Company in Chelmsford, professional support can help you understand what the first accounting period covers, review the accounting records available, prepare the balance sheet and profit and loss account where applicable, and handle filing with Companies House where required. A limited company may also have separate Corporation Tax obligations, including a CT600 to HMRC where applicable, which is not the same as delivering statutory accounts to Companies House. Early help gives newly incorporated companies in Chelmsford a clearer view of what is due and what information is still needed, whether they have started trading or are still preparing to begin.

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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 in Chelmsford?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. For a newly incorporated company, that period usually starts on the date of incorporation and ends on the first accounting reference date, although the exact period depends on the incorporation date and any subsequent changes. The accounts normally include a balance sheet and, where applicable, a profit and loss account, along with notes and disclosures required by the reporting framework used. An eligible company may be able to use the micro-entity framework, including FRS 105, if it meets the applicable eligibility conditions for the relevant accounting period. That is not automatic, and a company should check its position rather than assume micro-entity treatment applies. If it does not qualify, another suitable framework may be required. These statutory accounts are separate from a Corporation Tax Return such as a CT600, which is submitted to HMRC where applicable, and from the confirmation statement, which is a separate Companies House filing. Preparing first-year accounts does not by itself complete those other obligations. For directors in Chelmsford, the key is to understand which filings apply, gather the supporting records and prepare the accounts in the correct framework.

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 Chelmsford Prepared with Professional Support

If you are preparing First Year Accounts for Limited Company in Chelmsford and feel uncertain about what is needed, you are not alone. Many directors of newly incorporated companies want to know which accounting records matter, whether the micro-entity framework may apply, and what has to be filed at Companies House. Micro Entity Accounts can assist with first-year accounts preparation and filing support where applicable, helping you work through the information required and understand the separate Corporation Tax and confirmation statement obligations that may also apply. With clear pricing, fixed-fee support and no hidden costs, the focus is on preparing accurate accounts for the relevant period and making the filing process easier to manage. Speak to us for professional help with your first-year accounts.

─── 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 annual accounts prepared for a company's initial accounting period. They usually start from the date of incorporation and cover the period up to the first accounting reference date. The accounts normally include a balance sheet and, where applicable, a profit and loss account, plus any notes required by the applicable reporting framework.

When are first-year accounts due, and what happens if they are filed late?

The due date depends on the company's incorporation date, its accounting reference date and any changes made to the accounting period. Companies House sets the filing deadline based on those details, so it is important to check the company's own records rather than assume every new company has the same timetable. If accounts are filed after the applicable deadline, Companies House consequences can apply, but the outcome depends on the circumstances and applicable rules. Paying a penalty does not remove the requirement to file the outstanding accounts, and appeals are only possible where the relevant criteria are met. Directors in Chelmsford should seek advice early if they are concerned about an overdue filing.

What information is needed to prepare first-year accounts?

Usually, we need accounting records such as bank transactions, sales and income records, business expenses, purchase invoices, asset purchases, director transactions, share capital details, loans or finance agreements, and payroll or VAT records where applicable. Not every company will have all of these, so the exact list depends on the company's activity and circumstances.

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

In most cases, a limited company must prepare and file statutory accounts with Companies House where required, even if it has had limited activity or has not started trading. The position can depend on the company's circumstances and whether it qualifies as dormant under the applicable rules. Filing accounts is not optional simply because the company is new.

Are first-year accounts different from annual accounts?

First-year accounts are the company's first statutory accounts for its initial accounting period. Later annual accounts cover subsequent periods. The same general principles apply, but the first period may be longer or shorter than a usual 12-month period, and the filing deadline for first accounts can differ from later years depending on Companies House requirements.

Are first-year accounts the same as a CT600?

No. First-year statutory accounts are prepared for the company and filed with Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC where applicable. The two are separate filings with different purposes and destinations, although information from the accounts may be used when preparing the Corporation Tax position. The company's first Corporation Tax accounting period may not be identical to its statutory accounts period.

Can a new company qualify for micro-entity accounts?

A company may qualify for the micro-entity framework if it meets the applicable eligibility requirements for the relevant accounting period. It is not automatic, and low turnover alone does not guarantee eligibility. Where the company qualifies, FRS 105 may be the relevant reporting standard. The appropriate framework should be confirmed based on the company's circumstances.

Do first-year accounts need a confirmation statement?

No. A confirmation statement is a separate Companies House filing and is not replaced by preparing or filing first-year accounts. A company may still need to submit confirmation statements and keep its Companies House information up to date. The two obligations should be tracked separately.