─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stansted Mountfitchet — Accurate Preparation and Filing Support

The first set of statutory accounts is often the point where a newly incorporated company discovers how much of its compliance work sits with Companies House and how much sits with HMRC. Micro Entity Accounts helps limited companies in Stansted Mountfitchet prepare those first-year accounts properly: reviewing the accounting records, drafting the balance sheet and, where applicable, the profit and loss account and supporting notes, then filing the accounts with Companies House where required. Where Corporation Tax is in point, we also help you understand how the CT600 fits into the picture, since that return is submitted to HMRC and is a separate obligation from the accounts filing. Directors stay responsible for the company’s statutory duties, but you do not have to work out the first accounting period on your own.

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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, and Does That Framework Apply to Yours?

First year accounts are the first set of statutory accounts a limited company produces for its initial accounting period. That period normally starts on the date of incorporation and ends on the company’s first accounting reference date, which by default is the last day of the month in which the first anniversary of incorporation falls. Because of that, the first period is often longer than twelve months, which can affect how the figures are presented and how the period is treated for tax purposes. Preparing accounts is not optional simply because a company is new. Even where activity has been limited, statutory filing obligations can still apply, and the company’s circumstances — rather than an assumption about how busy it has been — determine what must be prepared and delivered. Filing is generally made to Companies House, and it is worth separating three distinct obligations. First-year statutory accounts are prepared for the members and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable, and the accounting information behind the accounts often feeds into it, but the two filings serve different purposes and go to different destinations. A confirmation statement is separate again, confirming that the information Companies House holds about the company remains accurate. Completing one of these does nothing to complete the others. A company may be able to report under the micro-entity framework, with accounts prepared under FRS 105, the financial reporting standard for qualifying entities using that framework. This depends on meeting the eligibility criteria for the relevant accounting period, so it is not something to assume for every newly incorporated company, and low turnover alone does not settle the question. If the company does not qualify, a small-company framework or full accounts may be needed instead. Establishing this early avoids rework, and it shapes what the accounts actually contain — a simple balance sheet and limited notes in one case, a fuller set of statements in another.

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 Stansted Mountfitchet Prepared With Confidence

Most directors of newly incorporated companies are not short of questions: which period applies, what belongs in the accounts, what has to go to Companies House and what has to go to HMRC, and whether the reporting framework they have read about online actually applies to them. Micro Entity Accounts works through those questions with you, prepares the first-year statutory accounts from your records, and supports the filing with Companies House where required, so nothing is left sitting on a director’s to-do list. If you would like your first accounting period handled by people who deal with new company accounts regularly, speak to us about your Stansted Mountfitchet company 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?

They are the company's first set of statutory accounts, covering its initial accounting period. That period generally runs from the date of incorporation to the company's first accounting reference date. The accounts are prepared under an accounting framework appropriate to the company, approved by the directors, and delivered to Companies House where required. Depending on the framework applied, they will include a balance sheet and, where applicable, a profit and loss account and notes.

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

In most cases yes, and incorporation alone does not remove that requirement. What the accounts contain, and whether a simplified route is available, depends on the company's circumstances and the applicable rules. If the company has had no significant accounting transactions, there may be a dormant accounts route, but that is not automatic and should not be assumed. We look at your company's position before deciding how the first set of accounts should be prepared.

When are first year limited company accounts due?

There is no single answer that fits every company. The due date follows from the company's incorporation date, its accounting reference date and the Companies House requirements that apply to a first filing, and a first set of accounts is generally given a longer filing window than later years. We confirm the date that applies to your company and work to it, rather than relying on a generic figure.

What information is needed to prepare first year accounts?

Typically we need the incorporation details, share capital information, bank statements and transaction listings for the period, sales and income records, purchase invoices and expense receipts, details of any assets bought, director loan account movements, and payroll or VAT records where those apply. Companies incorporated and trading from Stansted Mountfitchet with only a handful of transactions still need those transactions supported, so useful records matter more than volume.

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

Often there is still a filing obligation, even where trading has not begun or activity has been minimal, because the duty flows from the company's status rather than its turnover. Some companies with no significant accounting transactions may be able to file dormant accounts, but whether that route fits depends on the specific circumstances and the applicable rules. The safest approach is to review the position rather than assume a filing can be skipped.

Are first year accounts the same as a CT600 or a confirmation statement?

No, and treating them as interchangeable causes problems. First-year statutory accounts are delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable and is a separate filing, even though the figures in the accounts often inform it. A confirmation statement is separate again and deals with the accuracy of the information Companies House holds. Filing one does not satisfy the others.

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

A company may qualify for the micro-entity framework, with FRS 105 applied as the reporting standard for qualifying entities, if it meets the eligibility requirements for the relevant accounting period. Being newly incorporated, or having modest activity, does not on its own confirm eligibility. We check the criteria against your company's circumstances and confirm which framework should be used before the accounts are prepared.

What happens if the first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which vary according to the circumstances and the length of the delay. Paying any penalty does not remove the requirement to file the outstanding accounts, so the priority is to get accurate accounts completed and delivered. Where an appeal is being considered, eligibility depends on the rules and the facts.