─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stourport-on-Severn: Prepared Accurately, Filed Correctly

Your company’s first set of statutory accounts is a milestone, and it comes with its own rules. If your limited company is based in Stourport-on-Severn and you are nearing the end of your initial accounting period, Micro Entity Accounts can help you bring the figures together, prepare statutory accounts that meet the applicable requirements, and support you with filing at Companies House where required. We start by reviewing the accounting records you hold — bank transactions, invoices, expense receipts, asset purchases, director transactions and share capital details — so the accounts reflect what actually happened in the period. From there we consider which reporting framework applies to your company, prepare the balance sheet and, where relevant, the profit and loss account, and explain the filing process clearly. First year accounts and Corporation Tax are separate matters: a CT600 is submitted to HMRC, not Companies House, and preparing your statutory accounts does not settle that obligation automatically.

🔥 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 annual statutory accounts a limited company prepares. They cover the company’s initial accounting period, which starts on the date of incorporation and ends on its first accounting reference date. This is the first formal reporting cycle the company goes through, and it applies whether the company has been busy from day one or has only just begun to find its feet. It is not an optional exercise simply because the company is new. When Companies House registers a limited company, it also assigns an accounting reference date. The first accounting period runs from incorporation to that date, though the period may be longer or shorter than a standard twelve months depending on the company’s circumstances and any changes made to the accounting reference date. Because of this, a company’s first accounts filing obligation is not always worked out in the same way as its later accounts, and it is worth confirming the dates that apply to your company rather than assuming they follow the usual pattern. Directors remain responsible for making sure the company keeps adequate accounting records and delivers the required accounts. Engaging an accountant does not move that responsibility away from the directors — professional support means assistance with preparing, reviewing and filing the information, while the directors stay accountable for the company’s compliance. Some limited companies qualify to report under the micro-entity framework, and qualifying entities may use FRS 105, the financial reporting standard that applies to the micro-entity accounting framework. Eligibility depends on the company’s size for the relevant accounting period and is assessed against the applicable criteria. A newly incorporated company is not automatically a micro-entity, and modest activity does not guarantee eligibility either. Where micro-entity accounts are appropriate, disclosure requirements are reduced, but the accounts still need to be accurate and filed correctly. It is also worth keeping the various filings separate in your mind. Corporation Tax is a distinct matter: a company may need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, and its first Corporation Tax accounting period does not necessarily line up exactly with its statutory accounts period. A confirmation statement is separate again and does not replace the accounts. Completing one filing does not complete the others.

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 Stourport-on-Severn Prepared and Filed

Your first accounting period raises questions that are easy to put off — which figures belong in the accounts, which reporting framework fits your company, and what actually needs to go to Companies House. Micro Entity Accounts works with directors of newly incorporated limited companies in Stourport-on-Severn on first year statutory accounts preparation and filing support, so the position is clear well before the deadline arrives. If your records are incomplete, if the company has traded very little, or if you are unsure whether micro-entity reporting applies to you, we can work through it step by step and explain each stage in straightforward terms. Having the first set of accounts handled properly also gives you a cleaner starting point for Corporation Tax and future reporting years. If you would rather not work out the reporting framework and filing requirements on your own, speak to us about your company’s first accounting period.

─── 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 annual statutory accounts a limited company prepares, covering the period from the date of incorporation to the company's first accounting reference date. Depending on the reporting framework the company uses, they typically include a balance sheet and, where applicable, a profit and loss account and supporting notes. Every limited company has statutory reporting obligations, so the first period is not exempt just because the company is new.

When are first year accounts due?

Companies House assigns an accounting reference date when a company is incorporated, and the first accounting period runs from incorporation to that date. The deadline for filing first accounts is calculated differently from later years and is not necessarily the same length of time, so it should be confirmed against your own company's dates. Rather than estimate, check the company's details on the Companies House register or ask your accountant to confirm the deadline that applies to you.

What information is needed to prepare first year accounts?

It depends on what the company has done. Common items include bank statements and transactions, sales and income records, purchase invoices and expense receipts, details of assets bought or sold, director transactions and loans, share capital information, and payroll or VAT records where those apply. If activity has been limited, the records will be correspondingly simpler. Complete and accurate records make preparation quicker and reduce the chance of corrections later.

Does a newly incorporated company have to file accounts with Companies House?

In most cases yes — a limited company has statutory accounts filing obligations from its first period. First year statutory accounts are delivered to Companies House where required. This is separate from the confirmation statement, which is also submitted to Companies House but serves a different purpose and does not replace the accounts. Directors in Stourport-on-Severn remain responsible for making sure these filings happen.

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

A company may still have a filing obligation even where it has had limited or no activity, so it should not be assumed that nothing needs to be done. Whether a company is treated as dormant for a period depends on the specific tests and its own circumstances, and the reporting position follows from that. If trading has not started, it is sensible to take advice on how the company should be reported rather than simply not filing.

Are first year accounts the same as a CT600?

No. Statutory accounts are prepared under company law and delivered to Companies House where required. A CT600 is a Corporation Tax Return submitted to HMRC, and a company may need to file one if it has a Corporation Tax obligation for the period. Both draw on similar accounting information, but they are prepared for different purposes and sent to different organisations. Completing one does not complete the other.

Can a new company qualify for micro-entity accounts?

Some companies do, but not automatically. Eligibility for the micro-entity framework depends on the company meeting the applicable criteria for the relevant accounting period, and FRS 105 is the standard used by qualifying entities that report under it. A newly incorporated company may or may not qualify, and the position can change over time. The right framework should be determined from the company's own circumstances before the accounts are prepared.

What happens if first year accounts are filed late?

Failing to deliver accounts by the applicable deadline can lead to consequences from Companies House, which may include late filing penalties that increase with the length of the delay. Paying a penalty does not remove the requirement to file the outstanding accounts. In some cases an appeal may be possible, although whether it s쳮ds depends on the reasons for the delay and the applicable rules. If your company is in that position, having the accounts finalised and filed without further delay is usually the priority.