─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Enfield – Professional Preparation and Filing Support

For directors of newly incorporated or newly trading limited companies in Enfield, the first set of statutory accounts can raise practical questions about accounting records, the right reporting framework and what must be sent to Companies House. Micro Entity Accounts provides professional support with preparing your First Year Accounts for Limited Company, reviewing the underlying information and helping you file the accounts with Companies House where required. If your company also has Corporation Tax obligations, we can help you understand how those fit alongside the accounts process, remembering that a Corporation Tax Return such as a CT600 is submitted separately to HMRC.

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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 302 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Ayotunde Rufai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Best accountants we've ever had. Umer is ace, and makes everything easy and transparent.
  
 
      Posted on Google  
   
   Sofia 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated.

Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
  
 
      Posted on Google  
   
   Zest For Life 
 
 
 
 Trustindex verifies that the original source of the review is Google. I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall  improving their services over time. I would certainly return for any future needs.
  
 
      Posted on Google  
   
   Pete Wrist 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sterling work. Many thanks to Muhammad and the team for all their help and expertise
  
 
      Posted on Google  
   
   Hansen Personal Training 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been a client for years - very quick responsive and personalised service
  
 
      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 .

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 Does Your Enfield Limited Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new; where the company is within the Companies House accounts regime, it will generally need to prepare accounts for the relevant period and deliver them to Companies House where required. The first accounting period depends on the company’s incorporation date and accounting reference date, and the filing deadline also follows the applicable Companies House requirements rather than one date that applies to every new company. Some companies may qualify as micro-entities and use the micro-entity framework, including FRS 105 where the eligibility conditions are met for the relevant period. That eligibility is not automatic for every newly incorporated company or every startup, and the appropriate framework should be checked against the company’s circumstances. Depending on the framework, the accounts may include a balance sheet, a profit and loss account where applicable, and supporting notes. First year accounts are separate from a Corporation Tax Return, such as a CT600, which is submitted to HMRC where applicable, and they are also separate from the confirmation statement. Even if the company has had limited activity or has not yet started trading, it may still have statutory filing obligations, so directors in Enfield should confirm the position rather than assume no action is needed.

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.

Prepare Your First Year Accounts for Limited Company in Enfield with Professional Support

If your company is approaching its first accounts period, you may be unsure which records are needed, which reporting framework applies or what must be sent to Companies House. Micro Entity Accounts can assist with preparing and reviewing your First Year Accounts for Limited Company, clarifying the information required and supporting the filing process where required. Whether you are a newly incorporated company, a contractor, a startup or another limited company in Enfield, professional help can make the first-year process clearer and help you keep your statutory obligations in view. Get in touch to discuss your company’s circumstances and the support available.

─── 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 prepares for its initial accounting period. They usually cover the period from incorporation, or another applicable starting point, up to the company’s first accounting reference date. They are prepared from the company’s accounting records and are generally filed with Companies House where required.

When are first year accounts due?

First year accounts deadlines are not identical for every company. The due date normally depends on the company’s incorporation date, its accounting reference date and the applicable Companies House requirements. Companies incorporated at different times can therefore have different first accounting periods and filing dates, so it is best to confirm the company’s specific position from its Companies House record before preparing the accounts.

What information is needed to prepare first year accounts?

The information required depends on the company’s activity during the period. It may include 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 relevant. Not every company will have all of these records, but accurate accounting records help ensure the accounts are prepared correctly.

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

Where a company is within the Companies House accounts regime, it will generally need to prepare statutory accounts for the relevant period and deliver them to Companies House where required. Companies House does not prepare the accounts and does not approve them. The company’s accounting reference date and accounting period affect what needs to be filed and by when.

Are first year accounts the same as a CT600?

No. First year statutory accounts are separate from a Corporation Tax Return such as a CT600. The accounts are generally delivered to Companies House where required, while a CT600 is submitted to HMRC where applicable. The company’s first Corporation Tax accounting period and its statutory accounts period may not necessarily be identical, so the two compliance areas should be considered separately.

Is a confirmation statement part of first year accounts?

No. A confirmation statement is a separate filing from the company’s first year statutory accounts. Filing 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. Directors should treat each filing obligation according to its own rules and deadlines.

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

Some newly incorporated limited companies may qualify for the micro-entity reporting framework if they meet the applicable eligibility requirements for the relevant accounting period. It is not automatic, and not every company with low turnover or every startup will qualify. Where a company does qualify, FRS 105 is the financial reporting standard applicable to qualifying entities using the micro-entity framework. The correct framework should be determined from the company’s circumstances.

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 vary depending on the circumstances. Paying a penalty does not remove the requirement to file the outstanding accounts. If accounts are overdue or likely to be late, it is sensible to seek professional advice promptly so the position can be reviewed and the necessary filings can be progressed where possible.