─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stone — Prepared and Filed With Confidence

If you have recently incorporated a company in Stone, your first set of statutory accounts will need to be prepared for the initial accounting period and delivered to Companies House where required. Micro Entity Accounts supports directors through that process from the start — reviewing your accounting records, preparing a balance sheet and, where applicable, a profit and loss account, and helping you understand which reporting framework fits your circumstances. First Year Accounts for Limited Company work is often the point where new directors realise how much of the compliance calendar depends on the incorporation date, the accounting reference date and the accounting period that follows. We also make sure you understand the separate HMRC side: a Corporation Tax Return such as a CT600 is submitted to HMRC, and filing accounts with Companies House does not do that job for you.

🔥 SAVE £100.00

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

Find Your Company

Search for your company to continue with the accounting services

Start typing to search for companies...

Results

Years filing UK company accounts

0 +

Micro entity accounts submitted

0 +

Verified Google reviews

0 +

Typical Filing Turnaround

0 Days

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?

First-year accounts are the first set of statutory accounts a limited company prepares covering its initial accounting period — the period that begins on incorporation and runs to the company’s first accounting reference date, unless that period is adjusted in line with the applicable Companies House rules. They are not optional simply because the company is new, and they are separate from the other filings a company may have during its early life. The accounts normally include a balance sheet, and where the chosen framework and the company’s circumstances require it, a profit and loss account together with notes and the directors’ responsibilities statement. Once prepared and approved by the directors, the accounts are generally delivered to Companies House where required. If a limited company meets the applicable eligibility conditions for the relevant accounting period, it may be able to report under the micro-entity framework, with FRS 105 being the financial reporting standard that applies to qualifying entities using that framework. Eligibility is assessed on the company’s own circumstances rather than assumed — a low-activity or newly incorporated company is not automatically a micro-entity. It is also worth being clear about what first-year accounts are not. A Corporation Tax Return, such as a CT600, is submitted to HMRC and is a distinct obligation from the Companies House accounts filing, even though information from the accounts often feeds into the tax position. A confirmation statement is another separate filing that keeps the public register up to date. Understanding where each requirement sits makes the first year far less confusing for directors in Stone.

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 Prepared Properly, From the Outset

Many directors incorporate a company in Stone and only begin thinking about statutory accounts once the first accounting period has already closed, by which point the records are harder to pull together and the reporting framework still needs deciding. Micro Entity Accounts can take that work off your desk — preparing your first-year accounts from the accounting records you hold, checking the figures make sense, and supporting you with Companies House filing where required, while keeping the separate HMRC position clearly in view. Whether your company has been trading steadily, has only limited activity, or has not yet started trading, it is worth getting a professional view on what your first statutory accounts need to show and how the correct framework applies to you.

─── 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 exactly are first-year accounts for a limited company?

They are the first set of statutory accounts a company prepares for its initial accounting period, running from the date of incorporation to the first accounting reference date, subject to any change permitted under the applicable Companies House rules. They typically include a balance sheet and, depending on the framework used, a profit and loss account, notes and a directors' responsibilities statement. Once the directors have approved them, they are generally filed with Companies House where required.

When are first accounts due to be filed?

The deadline depends on the company's incorporation date, its accounting reference date and the applicable Companies House requirements, so it is not the same for every company. First accounts often follow a different timetable from later years, which is why it is worth confirming your company's specific position rather than assuming. If you are unsure what applies to your company in Stone, we can help you work through the dates.

What information do you need to prepare first-year accounts?

It depends on what the company has actually done. Typically we would look at bank transactions, sales and income records, business expenses and purchase invoices, asset purchases, share capital details, any director's loan transactions, and loans or finance arrangements. Where relevant, payroll records and VAT records may also be needed. If some of these do not apply to your company, that is not a problem — the accounts are built around your circumstances.

Does a new limited company have to file accounts with Companies House?

Newly incorporated companies generally have statutory accounts obligations, and those accounts are delivered to Companies House where required. This applies even where activity has been limited or trading has not yet commenced, although what needs to be reported depends on the company's circumstances and the applicable rules. A company with no significant accounting transactions is not automatically dormant, so the position should be considered rather than assumed. Filing accounts with Companies House is also not the same as submitting a Corporation Tax Return to HMRC.

Are first-year accounts different from the annual accounts I file later?

They cover the same underlying statutory reporting duty, but the first set relates to the company's initial accounting period, which may be longer or shorter than a standard twelve-month period depending on the accounting reference date. Later years usually follow a more predictable cycle. The reporting framework a company uses can also change over time as eligibility is reassessed for each period.

Do we still need to file accounts if the company has not traded?

Not trading does not automatically remove the company's filing responsibilities. There may still be statutory accounts to prepare and deliver to Companies House, and the company's reporting position depends on its particular circumstances and the applicable rules. Treating a company as dormant is a specific position with its own conditions, so it is worth taking advice before deciding nothing needs to be filed.

Is a CT600 the same as first-year accounts?

No, and mixing the two up is one of the most common first-year misunderstandings. Statutory accounts are prepared for the company and delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is submitted to HMRC where applicable. The two serve different purposes and go to different places, and the company's first Corporation Tax accounting period does not always line up exactly with its statutory accounts period.

Could our new company qualify for micro-entity accounts?

Some newly incorporated companies do meet the eligibility conditions for the micro-entity framework, but there is no automatic entitlement. Qualification depends on the applicable thresholds and the company's circumstances for the relevant accounting period, and the framework should be confirmed rather than assumed. Where micro-entity reporting applies, FRS 105 is the financial reporting standard used by qualifying entities. If your company does not qualify, small-company or full reporting may apply instead.

Do first-year accounts include a confirmation statement?

No. A confirmation statement is a separate filing that confirms the company's registered details are up to date, and it is not replaced by filing your first-year accounts. A limited company may need to submit a confirmation statement as well as its statutory accounts, so the two should be tracked independently.

What happens if first-year accounts are filed late?

Filing after the applicable deadline can lead to Companies House consequences, which vary depending on the circumstances and how late the accounts are. Paying any penalty does not remove the requirement to file the outstanding accounts. If accounts are already overdue, the priority is usually to get them prepared and filed, and appeal eligibility for any penalty depends on the reasons and the applicable rules.