─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Stowmarket, Prepared and Filed With Professional Support

The first set of statutory accounts is a milestone for any newly incorporated company, and getting the groundwork right makes later filings far easier to manage. Micro Entity Accounts supports directors across Stowmarket with First Year Accounts for Limited Company — reviewing the accounting records you hold, preparing the statutory accounts for the initial accounting period, and filing them with Companies House where required. We also explain how those accounts sit alongside your other obligations, including a Corporation Tax Return such as a CT600, which is submitted separately to HMRC, and the separate confirmation statement filing. Directors remain responsible for the company’s compliance, but you do not have to work through the first-year process on your own.

🔥 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

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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 Why Do New Limited Companies Need Them?

First-year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. They are not optional simply because the company is new. When a company is incorporated, Companies House sets an accounting reference date, and the first accounting period generally runs from the incorporation date, or from the date the company began trading where that is relevant, through to that first accounting reference date. Because that initial period is often longer or shorter than twelve months, the first accounts can look quite different from the annual accounts a company files in later years. The term “micro company” describes a reporting framework rather than the age or size of the business in a casual sense. Some newly incorporated limited companies in Stowmarket may qualify as micro-entities and be able to prepare simplified accounts under FRS 105, the financial reporting standard applicable to qualifying entities using the micro-entity framework. Eligibility depends on the company’s circumstances and the applicable conditions for the relevant accounting period, so no company should assume it qualifies purely because it has recently been incorporated or because its activity is modest. Where the criteria are not met, another framework, such as the small company regime, may be the correct route instead. A typical set of statutory accounts includes a balance sheet, a profit and loss account where the applicable framework requires one, and the notes that framework calls for. Directors also need to be satisfied that the accounts give an accurate picture based on the company’s accounting records, and that any required statements and disclosures are included. It is just as important to be clear about what these accounts are not. First-year statutory accounts are delivered to Companies House where required. They are not the same thing as a Corporation Tax Return. A limited company may also need to prepare and submit a CT600 to HMRC, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a separate filing again, used to confirm that the company’s registered details are up to date, and filing accounts does not replace it. Each obligation sits alongside the others rather than within them.

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 Stowmarket Prepared Correctly

The first set of accounts tends to raise the most questions: which period do they cover, what records do you actually need, and how does the Companies House filing fit alongside everything else? If you have recently set up a company in Stowmarket and are not sure where to begin, Micro Entity Accounts can review your accounting records, prepare the statutory accounts for the period, and file them with Companies House where required. We will also point out whether a Corporation Tax Return, a confirmation statement or any other filing is likely to be relevant to your circumstances, so nothing is quietly overlooked. Clear pricing, fixed-fee support and a straightforward process for directors who would rather spend their time running the business.

─── 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 annual statutory accounts a company prepares, covering its initial accounting period. That period normally starts on the incorporation date and ends on the company's first accounting reference date. Depending on the reporting framework that applies, the accounts usually include a balance sheet, a profit and loss account where required, and the notes the framework calls for. Once finalised and approved by the directors, they are filed with Companies House where required.

When do first-year accounts need to be filed?

The deadline depends on the company's accounting reference date and the applicable Companies House requirements, so it is not the same for every company. Companies House confirms the accounting reference date at incorporation and publishes the filing deadline for the first accounts. It is worth checking that date early, because the first accounting period is frequently longer than the twelve-month periods used in later years, which can make the first filing feel different from what directors expect.

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

In practice, most companies need bank statements and transaction records, sales and income records, purchase invoices and expense receipts, details of any assets purchased, share capital information, director loan or director transaction details, and any loans or finance arrangements. Payroll records may be relevant where the company employs staff, and VAT records where the company is VAT registered. Companies with limited activity still need to supply enough information for the directors to confirm the accounts are accurate.

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

Where a company is required to file statutory accounts, incorporation brings that obligation with it, and it does not disappear because the company is new or has had little activity. There are different rules for certain company types and for dormant companies, so the position depends on the individual circumstances. Getting the records and figures organised early in the first period is generally far simpler than trying to reconstruct them close to a filing date.

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

No. Statutory accounts are prepared for the company's members and delivered to Companies House where required. A Corporation Tax Return such as a CT600 is submitted separately to HMRC, and the first Corporation Tax accounting period does not always line up with the statutory accounts period. The figures in the accounts often help inform the tax return, but the two are separate filings with different purposes and different destinations.

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

Some do, but not automatically. Micro-entity status depends on meeting the eligibility conditions for the relevant accounting period. Where a company qualifies, it may prepare accounts under the micro-entity framework using FRS 105. A company that does not meet the criteria may report under the small company regime instead. Eligibility should be checked for each period rather than assumed, so it is best to confirm the position before the accounts are drafted.

Does filing first-year accounts replace the confirmation statement?

No, they are separate requirements. A confirmation statement confirms the company's registered details, such as directors, shareholders, share capital and registered office, and it is filed with Companies House independently of the accounts. Filing the accounts does not satisfy the confirmation statement obligation, and submitting a confirmation statement does not take the place of the accounts.

What happens if first-year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to Companies House consequences, and what applies depends on how late the filing is and the company's filing history. Paying any penalty does not remove the need to file the outstanding accounts. If the first accounts are already overdue, it is best to address them promptly, and professional support can help you understand the position and the options available.