─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Waltham Cross

Your company’s first set of statutory accounts is a milestone that comes around sooner than most directors expect. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Waltham Cross with the preparation of those first-year accounts, from reviewing the accounting records you have kept since incorporation through to producing a balance sheet and, where applicable, a profit and loss account, and filing the accounts with Companies House where required. We also consider which reporting framework fits the company’s circumstances, since micro-entity or small-company treatment depends on eligibility rather than being automatic. Corporation Tax is handled separately: if the company has Corporation Tax obligations, a CT600 is submitted to HMRC, not to Companies House. Clear pricing, transparent fees and no hidden costs.

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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? A Guide for Waltham Cross Directors

First year accounts are the first set of statutory accounts a limited company prepares after incorporation. They cover the company’s initial accounting period, which begins on the date of incorporation and runs to the company’s first accounting reference date. That date is usually set when the company is formed, although it can be changed in certain circumstances, so the period actually covered varies from one company to the next. There is no single first-year accounting period that applies to every new company. All limited companies have a statutory duty to keep adequate accounting records and to prepare annual accounts. Those duties apply even where the company has had limited activity or has not yet started trading, although what the accounts contain will reflect that position. Reporting treatment for a company with minimal transactions depends on its specific circumstances and the applicable rules — it is not automatically described as dormant. Where required, first year statutory accounts are delivered to Companies House. Filing with Companies House is not the same thing as dealing with Corporation Tax. A limited company may also need to prepare and submit a Corporation Tax Return, such as a CT600, to HMRC, and the first Corporation Tax accounting period does not always match the statutory accounts period. A confirmation statement is a further, separate filing that keeps the public register up to date, and it is not replaced by filing accounts. Some companies qualify to report under the micro-entity framework, which uses FRS 105, the financial reporting standard for qualifying entities that prepare accounts on that basis. Eligibility depends on meeting the applicable criteria for the accounting period concerned, and small-company or other frameworks may be more appropriate in some cases. Newly incorporated companies in Waltham Cross are not automatically micro-entities, and FRS 105 should never be assumed. Where the framework fits, the accounts can be shorter and more straightforward, but the underlying records still need to be accurate and complete. Directors remain responsible for making sure the company meets its filing obligations, even when an accountant prepares the accounts. Professional support means help with preparing, reviewing and filing the right information — not a transfer of that legal responsibility.

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.

Prepare Your First Year Accounts for Limited Company Accurately in Waltham Cross

If your company has recently been incorporated in Waltham Cross, the first set of statutory accounts can raise questions that a standard bookkeeping routine does not answer: which accounting period applies, which reporting framework is appropriate, what needs to go into the balance sheet and how the accounts reach Companies House. Micro Entity Accounts helps directors work through those points, reviewing the records you hold, preparing the accounts and supporting the filing process where it applies. We will also make clear which obligations sit with Companies House and which sit with HMRC, so nothing is assumed to be covered when it is not. Speak to us about professional first-year accounts preparation and filing support.

─── 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 your company prepares after incorporation. The accounts cover the company's initial accounting period, running from the date of incorporation to the first accounting reference date, and typically include a balance sheet together with a profit and loss account where applicable, along with the supporting notes and statements required for the framework being used. They are a statutory document rather than a management report, which is why the format and content follow the applicable company law and reporting requirements.

When are my company's first accounts due?

The due date depends on the company's incorporation date and its accounting reference date, so it is not identical for every new company. Companies House sets the deadline for first accounts by reference to those dates, and it is worth confirming the exact date for your own company rather than assuming it matches a friend's or another director's experience. We can check the position for your company and diarise the date so it is not missed.

What information do I need to give you to prepare first year accounts?

It varies with the company, but the usual starting point is bank statements and transactions for the whole period, sales and income records, purchase invoices and business expenses, details of any assets bought, share capital information, director loans or transactions, and any finance agreements. Where the company runs payroll or is VAT registered, the relevant payroll and VAT records are helpful too. If some of this is incomplete, we can talk through what is missing and how best to fill the gaps before the accounts are prepared.

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

In most cases a limited company has a statutory obligation to prepare accounts annually and to deliver them to Companies House where required, regardless of whether it has traded or generated any income. Limited activity does not usually remove the requirement, though it will affect what the accounts show. Directors in Waltham Cross often assume nothing is due simply because the company has been quiet, so it is worth confirming the position for your specific company before the deadline approaches.

Are first year accounts the same as a CT600 or a confirmation statement?

No. First year accounts are typically filed with Companies House, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. A confirmation statement is a third, separate filing that updates the public register. The figures from the accounts may feed into the Corporation Tax computation, but the filings serve different purposes, go to different places and must be dealt with individually. Completing one does not complete the others.

Can a newly incorporated company qualify for micro-entity accounts?

It can, but not automatically. Micro-entity reporting under FRS 105 is available to companies that meet the applicable eligibility conditions for the accounting period in question, and those conditions need to be checked rather than assumed. A company with low turnover does not necessarily qualify, and a company without much activity does not always qualify either. If micro-entity treatment is not appropriate, small-company or another framework may apply, and the accounts should be prepared accordingly.

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

A company may still have accounts preparation and filing obligations even where it has not started trading or has had limited activity, so a quiet year does not automatically mean nothing needs to be done. Whether the company should be treated as dormant, and what that means for its filings, depends on its particular circumstances and the applicable rules. It is a point worth reviewing properly rather than deciding informally, because the wrong assumption can leave an outstanding filing on the register.

What happens if first year accounts are filed late?

Missing the applicable Companies House deadline can lead to consequences for the company, and the outcome depends on the circumstances rather than being the same in every case. Paying any penalty does not remove the requirement to file the outstanding accounts, so the filing still needs to be completed. If accounts are already overdue, we can help you understand the position, bring the records up to date and get the filing prepared, including considering whether an appeal may be available under the applicable rules.