─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

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

A company’s first accounting period is rarely as straightforward as the ones that follow. If you have recently incorporated, you are dealing with a first accounting reference date, an unfamiliar set of statutory accounts and a Companies House filing that sits alongside — but separately from — your tax obligations. Micro Entity Accounts supports newly incorporated and newly trading limited companies in Ullapool with exactly that first step: reviewing the accounting records you hold, preparing the first year statutory accounts, including a balance sheet and, where applicable, a profit and loss account, and delivering them to Companies House where required. Where a Corporation Tax Return such as a CT600 is also needed, we make clear that this is a separate submission made to HMRC, not something the accounts filing fulfils on its own. Directors keep legal responsibility for the company’s compliance, but the preparation and filing itself does not have to be done alone.

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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 Does Your Ullapool Company Qualify?

First year accounts are the first set of annual statutory accounts a limited company prepares for its initial accounting period. That period begins when the company is incorporated and ends on its first accounting reference date, which is set when the company is formed. Because incorporation can happen at any point in the year, a first accounting period is often longer or shorter than the twelve months a director might expect, so the dates on the company’s own Companies House record are what matter rather than a general assumption. Preparing the accounts means turning the company’s accounting records into a formal set of figures, typically a balance sheet and, where applicable, a profit and loss account, together with any notes the chosen reporting framework requires. Those accounts are then delivered to Companies House where required. A company may still have filing obligations even where activity has been limited or trading has not yet begun, so incorporation alone is not a reason to set the accounts aside. Where a company has had no significant accounting transactions, its reporting position depends on its specific circumstances and the applicable rules, and it should not simply be assumed to be dormant. Some companies qualify to report under the micro-entity framework, described in FRS 105, which allows a simplified set of accounts for entities that meet the relevant eligibility conditions for the accounting period. Eligibility is not automatic: a newly incorporated company, a company with low turnover and a startup are not automatically micro-entities, and the appropriate framework should be confirmed by looking at the company’s circumstances rather than assumed. It is also worth separating three things that often get muddled. The statutory accounts go to Companies House. A Corporation Tax Return, such as a CT600, goes to HMRC where the company has a Corporation Tax obligation, and the company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A confirmation statement is a further, separate Companies House filing that keeps the register information current. Filing one 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 Ullapool Prepared Correctly From the Start

The most common worry we hear from directors of newly incorporated companies is simple: not knowing what the first set of accounts should contain, which reporting framework applies, or whether the filing has been done properly. Micro Entity Accounts works with limited companies across Ullapool to remove that uncertainty, helping you pull together the accounting records needed, prepare the first year statutory accounts on an appropriate basis, and file them with Companies House where required — while keeping the separate Corporation Tax position clearly in view. If your first accounting period is approaching, or already behind you, professional support now is far easier to deal with than a filing query later.

─── 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 company's first set of annual statutory accounts, covering the initial accounting period from incorporation to the first accounting reference date. They are prepared from the company's accounting records and generally include a balance sheet, plus a profit and loss account and notes where the applicable reporting framework requires them. Once prepared, they are delivered to Companies House where required.

When are a company's first accounts due?

There is no single answer that fits every company. The first accounting reference date is set when the company is incorporated, and the filing deadline follows from that date, so the timescale depends on when in the year you incorporated. You can check your company's own accounting reference date and filing deadline on its Companies House record. Because first accounting periods are frequently longer than twelve months, it is worth confirming the dates early rather than working from an assumption.

What information is needed to prepare first year accounts?

It depends what the company has actually done during the period. In most cases this means bank transactions and statements, sales and income records, business expenses and purchase invoices, details of any assets bought, director transactions and loans, share capital information, and any payroll or VAT records if the company is registered for those. You should not assume you need everything on that list — only the records relevant to your circumstances.

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

In most cases, yes, a limited company is required to prepare and file statutory accounts for its accounting period, and the fact that the company is new does not remove that obligation. Where they are required, the accounts are delivered to Companies House. That filing is separate from any Corporation Tax Return submitted to HMRC, and from the company's confirmation statement.

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

Not trading does not automatically remove a company's statutory filing responsibilities. The position depends on the company's circumstances and the applicable rules. Where there have been no significant accounting transactions, it does not automatically follow that the company is dormant for filing purposes, so it is worth checking the correct treatment rather than assuming no filing is needed.

Are first year accounts the same as a 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 to HMRC where the company has a Corporation Tax obligation, and the figures from the accounts are often used as a starting point when preparing it. The two filings have different purposes and go to different places, so completing one does not complete the other. The company's first Corporation Tax accounting period and its statutory accounts period may not be identical.

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

Some companies do qualify for the micro-entity framework under FRS 105, which allows a simplified set of accounts. Eligibility depends on meeting the applicable conditions for the relevant accounting period and on the company's individual circumstances — it is not granted to a company simply because it has recently incorporated, has low turnover, or describes itself as a startup. The right framework should be confirmed before the accounts are prepared.

What happens if first year accounts are filed late?

Failing to file required accounts by the applicable deadline can lead to consequences from Companies House, and those consequences are not necessarily the same for every company or every delay. Paying any penalty does not remove the requirement to file the outstanding accounts. Where a penalty appeal is considered, whether it is eligible depends on the circumstances and the applicable rules, so advice should be sought on the specific facts.