─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

Starting out with a new limited company in Stockwood brings plenty of decisions, and first-year statutory accounts are one of the compliance tasks that can raise questions early. Our First Year Accounts for Limited Company service helps directors prepare the first set of accounts for the initial accounting period, reviewing the accounting records available and bringing the figures together into the required statutory format. Where the company is required to file accounts with Companies House, we can assist with that filing. If the company also has Corporation Tax obligations, these are separate from the Companies House filing; a CT600 or other Corporation Tax Return is submitted to HMRC where applicable. We do not assume every new company has traded, made sales or generated a profit, so the scope of support is shaped around the company’s actual circumstances, activity and reporting framework.

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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 When Might a New Limited Company in Stockwood Qualify?

First-year accounts are the first set of statutory accounts a newly incorporated limited company prepares for its initial accounting period. They are not optional simply because the company is new, and they are not the same as a Corporation Tax Return or a confirmation statement. The first accounting period generally begins on incorporation or another applicable start date and ends on the company’s first accounting reference date. It may not always be a standard 12-month period, and the exact dates depend on the company’s incorporation date, accounting reference date and any changes made to it. For Companies House, statutory accounts are generally filed where required, using the company’s accounting information and the applicable reporting framework. Some companies may qualify as micro-entities or small companies if they meet the eligibility conditions for the relevant period, but this is assessed separately; not every new limited company is a micro-entity and FRS 105 does not automatically apply to all new companies. A company may also have separate Corporation Tax duties, such as preparing a CT600 for HMRC where applicable, and it may need to submit confirmation statements and keep other Companies House information up to date. Accurate accounting records, including bank transactions, sales records, expenses, asset purchases, director transactions and share capital details where relevant, help the accounts preparation process. Directors remain responsible for the company’s statutory obligations, even where an accountant assists with preparing and filing the accounts.

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 Stockwood Prepared with Professional Support

First-year accounts can feel uncertain when you are working out what Companies House expects, which figures belong in the accounts, and whether the company might qualify for a simplified reporting framework. At Micro Entity Accounts, we provide professional support with first-year accounts preparation and filing for eligible UK limited companies, helping directors in Stockwood organise their accounting records and understand the next steps. Whether the business has been actively trading or has had limited activity, we can review what is available, discuss the information required and assist with preparing the statutory accounts for the relevant period. Getting the right help early can make the process clearer and help directors keep their compliance responsibilities on a more organised footing.

─── 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 Limited Company?

First-year accounts are the first set of statutory annual accounts a limited company prepares for its initial accounting period after incorporation or commencement of the relevant reporting period. They summarise the company's financial position and performance in the format required by the applicable reporting framework, which may include a balance sheet and a profit and loss account where relevant. They are different from a Corporation Tax Return and from a confirmation statement.

Does a newly incorporated company in Stockwood have to file first-year accounts with Companies House?

In most cases, a newly incorporated limited company has a statutory accounts filing obligation, and first-year accounts are generally delivered to Companies House where required. The filing requirement is not automatically removed just because the company has had little activity or has not yet started trading. The exact position depends on the company's circumstances and applicable rules, including whether it is dormant for Companies House purposes, so it is worth checking before assuming no filing is needed.

When are first-year accounts due, and why can the deadline vary?

The due date is linked to the company's incorporation date, accounting reference date and first accounting period, together with the relevant Companies House filing requirements. Because the first accounting period can differ from later 12-month periods, and because an accounting reference date can sometimes be changed, the deadline is not necessarily the same for every company. We can help confirm the period covered and the filing position based on the company's own dates.

What information is needed to prepare first-year limited company accounts?

Typical information may include bank statements and transactions, sales income records, purchase invoices, expense receipts, asset purchases, director loan or expense details, share capital information, payroll records where applicable, VAT records where applicable and any other supporting documents. Not every company will have all of these records, especially if it has had limited activity. The accounts can only be prepared accurately from the information available, so good bookkeeping records make the process more straightforward.

Are first-year accounts the same as a CT600 or Corporation Tax Return?

No. First-year statutory accounts are prepared for the company's reporting obligations and are generally filed with Companies House where required. A Corporation Tax Return, such as a CT600, is a separate submission made to HMRC where applicable. The figures in the accounts may help inform the Corporation Tax position, but the two filings serve different purposes and go to different authorities. Filing accounts with Companies House does not itself submit a CT600 to HMRC.

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

Some newly incorporated companies may qualify for the micro-entity reporting framework if they meet the applicable eligibility conditions for the relevant accounting period. Qualifying is not automatic, and a company is not treated as a micro-entity simply because it is new or small. Where micro-entity accounts are appropriate, FRS 105 is the financial reporting standard applicable to qualifying entities using that framework. The correct framework should be confirmed from the company's circumstances and the rules for the period.

Do first-year accounts replace a confirmation statement?

No. First-year accounts and a confirmation statement are separate Companies House requirements. The accounts deal with the company's statutory financial reporting, while the confirmation statement is used to confirm specified company information, such as officers, shareholders and registered office details, where a confirmation statement is due. Filing first-year accounts does not remove the need to submit a confirmation statement when one is required.

What happens if first-year accounts are filed late?

If required first-year accounts are filed after the applicable deadline, Companies House consequences can follow. The outcome depends on the circumstances and the applicable rules, and paying any penalty does not remove the need to file the outstanding accounts. If a company is late or expects to be late, it should seek advice promptly. Professional support can assist with preparing the outstanding accounts and reviewing whether any appeal route may be available, but eligibility for an appeal depends on the specific facts.