─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stewarton, Prepared by People Who Do This Every Day

Your company’s first set of statutory accounts is a milestone, and it is easy to underestimate how much sits behind it — records to pull together, figures to check, a reporting framework to confirm and a filing to deliver to Companies House where required. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Stewarton with exactly that: preparing First Year Accounts for Limited Company accurately, reviewing the accounting records they are built from, and filing the accounts with Companies House where the company is required to do so. Alongside this, we will make clear where the company’s Corporation Tax position fits in, including whether a CT600 may need to be submitted separately to HMRC, because that is a different filing with a different destination and is not covered by the Companies House accounts submission. If your company is approaching its first accounting period end, getting the groundwork right early makes the whole process far more straightforward.

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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, and Does the Micro-Entity Framework Apply to Your Company?

First year accounts are the first set of statutory accounts a limited company prepares for its initial accounting period, and they are not optional simply because the company is new. Every limited company has an accounting reference date, and its first accounting period normally begins on the date of incorporation and runs to that first accounting reference date. After that, the company settles into a reporting cycle, with accounts prepared for each subsequent period. What varies is the length of that first period and the filing deadline attached to it, which is why the incorporation date and accounting reference date matter so much. The accounts give a formal picture of the company’s financial position and performance for the period. Depending on the company’s size and circumstances, that generally means a balance sheet and a profit and loss account where applicable, together with the notes and disclosures required under the reporting framework being used. The directors remain responsible for the accounts and for making sure the company meets its statutory obligations, even where an accountant prepares or files them. The completed accounts are then delivered to Companies House where the company is required to do so. Some companies may qualify as micro-entities and be able to prepare accounts under the micro-entity framework, with FRS 105 as the applicable financial reporting standard for qualifying entities. Others may fall within the small companies regime instead. The right framework depends on eligibility and the company’s circumstances for the relevant accounting period — a new company is not automatically a micro-entity, and low activity does not by itself settle the question. We confirm the position before preparing anything. It is equally important to separate first year accounts from the company’s other obligations. A Corporation Tax Return such as a CT600 is submitted to HMRC where applicable and is not the same thing as filing accounts with Companies House. A confirmation statement is another separate Companies House requirement, and filing accounts does not replace it. Accounting information from the accounts may well inform the Corporation Tax position, but each filing has its own purpose, destination and requirements. Where a company has had little or no activity, its reporting position still depends on its specific circumstances and the applicable rules rather than being automatically treated as dormant.

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 Stewarton Prepared Accurately, From the Start

The first set of accounts is often the point where a director realises how much depends on getting the records and the figures right, and how unclear the reporting framework and filing requirements can feel. Micro Entity Accounts works with newly incorporated and newly trading limited companies in Stewarton to prepare and file first year statutory accounts, starting with a straightforward review of your accounting records, share capital details, director transactions and supporting documents, then confirming which reporting framework is appropriate for your company. You will know what is being prepared, why it is being prepared that way and which filing goes where. If you would rather have your first accounting period handled properly than discover a problem further down the line, speak to us about 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?

They are the first set of statutory accounts a company prepares for its initial accounting period, which normally starts on the date of incorporation and runs to the company's first accounting reference date. They set out the company's financial position and performance for that period, usually through a balance sheet and a profit and loss account where applicable, along with any notes required by the reporting framework being used.

When are a company's first accounts due?

The deadline depends on the company's incorporation date, its accounting reference date and the length of the first accounting period, along with the applicable Companies House requirements. Because first periods can differ from company to company, there is no single answer that applies to everyone. We look at your specific dates and confirm the position before any filing is prepared.

What information do I need to prepare first year accounts?

It varies with the company, but commonly includes bank transactions, sales and income records, business expenses and purchase invoices, details of any assets purchased, share capital information, director transactions and any loans or finance arrangements. Payroll records or VAT records may also be relevant. You do not need everything on that list — only what applies to your circumstances.

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

In most cases a limited company is required to prepare and file statutory accounts with Companies House for its accounting period, even in its first year. Filing the accounts is separate from submitting a Corporation Tax Return such as a CT600 to HMRC, and separate again from the confirmation statement. If your company has had limited activity, the position still depends on your circumstances, so it is worth checking rather than assuming.

Do we still need to file first year accounts if the company has not started trading?

A company can have filing obligations even where it has not yet commenced trading or has had very little activity. Whether the company is treated as dormant, and what that means for its reporting, depends on the specific circumstances and the applicable rules rather than on inactivity alone. Directors in Stewarton in this position should get the position confirmed early so nothing is missed.

Are first year accounts the same as a CT600?

No. Statutory accounts are delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where applicable. The two filings serve different purposes and go to different destinations, and completing one does not complete the other. Figures from the accounts often inform the Corporation Tax position, but they remain distinct obligations.

Can a new company qualify for micro-entity accounts?

It may be able to, if it meets the eligibility requirements for the relevant accounting period. Qualifying entities can prepare accounts under the micro-entity framework, with FRS 105 as the applicable financial reporting standard. However, not every newly incorporated company qualifies, and low turnover or startup status on its own does not decide the matter. We assess eligibility and use the appropriate framework for your circumstances.

What happens if first year accounts are filed late?

Missing the applicable filing deadline can lead to consequences from Companies House, and the outcome is not identical in every case. Paying any penalty that arises does not remove the requirement to file the outstanding accounts. If a filing has been missed, the accounts still need to be prepared and submitted, and whether an appeal is possible depends on the circumstances and the applicable rules.