─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

First Year Accounts for Limited Company in Ulverston — Prepared, Reviewed and Filed

Incorporating a company is only the start of the compliance story. Once your limited company exists, its first accounting period begins, and with it the need to prepare a first set of statutory accounts. Micro Entity Accounts supports directors of newly incorporated and newly trading companies in Ulverston through that process — gathering and reviewing the accounting records, preparing the first-year statutory accounts, and delivering them to Companies House where required. Where Corporation Tax applies, we can also help you see how a CT600 return fits alongside the accounts; that is a separate submission to HMRC with its own rules and timing. Whether your company has been actively trading, has invoiced only a little, or has barely moved since incorporation, the right next step is a straightforward conversation about what your first period looks like and what needs to be done.

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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 Ulverston Company Qualify?

First-year accounts are simply the first set of annual statutory accounts a limited company prepares for its initial accounting period. Every UK company has an accounting reference date, and the first accounting period usually runs from the date of incorporation to that reference date — although the exact length and end date depend on when the company was formed and on the applicable Companies House requirements. It is that first period the accounts must cover. These accounts are not optional just because the company is new. A limited company is generally expected to prepare accounts for its first period and to file them with Companies House where required, even where trading has been limited or has not yet begun. A company in that position is not automatically dormant in the statutory sense; its reporting position depends on its own circumstances and the applicable rules, which is why it is worth taking advice rather than assuming a dormant filing applies. Where a company meets the eligibility conditions for the relevant accounting period, it may be able to use the micro-entity framework and prepare simpler accounts under FRS 105, the financial reporting standard that applies to qualifying micro-entities. Eligibility is not automatic and should be checked rather than assumed, since a new or small company does not always fall within the micro-entity regime. Some companies instead report as small companies, and others need fuller reporting. It also helps to keep three obligations clearly apart. First-year statutory accounts are delivered to Companies House. A Corporation Tax Return, such as a CT600, is submitted to HMRC where the company has Corporation Tax obligations, and the company’s first Corporation Tax accounting period may not match its statutory accounts period exactly. A confirmation statement is a third, separate filing that confirms the company’s registered details are correct. Completing one does not satisfy 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.

Clear, Accurate First Year Accounts for Limited Company Directors in Ulverston

The first year of a limited company raises questions that are hard to answer confidently on your own: which dates the accounts must cover, which records you actually need to keep, which reporting framework fits, and what genuinely has to go to Companies House. Micro Entity Accounts helps directors of newly incorporated companies in Ulverston work through those questions — preparing the statutory accounts, reviewing the figures with you, and filing where required. If you would rather set your company’s reporting history on an accurate footing from the outset, get in touch and we will explain what is involved for your first 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 your company prepares for its initial accounting period, normally covering the period from incorporation to the company's first accounting reference date. They usually include a balance sheet and, where applicable, a profit and loss account, together with any notes required by the reporting framework the company uses. For a director in Ulverston running a newly formed company, this first set effectively sets the baseline for every set of accounts that follows.

When are first accounts due for a new limited company?

There is no single answer that applies to every company. The deadline depends on your incorporation date and accounting reference date. Companies House generally allows a longer period for a company's first accounts than for later accounting periods, but the exact date should be confirmed from your own company records and Companies House information. If you are unsure, check it early rather than in the week it falls due.

What information is needed to prepare first-year accounts?

It depends on what the company has actually done. Typically we would look at bank statements and transactions, sales and income records, purchase invoices and expense receipts, any asset purchases, director's loan movements, share capital details, and loan or finance agreements. Where the company employs staff, payroll records are relevant, and VAT records matter where the company is VAT registered. Not every company will have all of these — we work with what applies to your circumstances.

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

In most cases, yes — statutory accounts must be delivered to Companies House where required, and that obligation is not removed simply because trading has been limited or has not yet started. Companies House does not prepare the accounts and does not approve them; it receives and registers them. Whether a company can file on a dormant basis depends on its specific circumstances and the applicable rules, so take advice before assuming that route is open to you.

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

No, they are separate obligations. Statutory accounts are prepared for the company and delivered to Companies House where required, while a Corporation Tax Return such as a CT600 is submitted to HMRC where the company has Corporation Tax obligations. Filing one does not complete the other. Information from the accounts often feeds into the tax return, and your first Corporation Tax accounting period may not line up exactly with your statutory accounts period.

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

Some do. Where a company meets the applicable eligibility criteria for the relevant accounting period, it may be able to prepare micro-entity accounts under FRS 105, which can simplify the balance sheet and reduce the notes required. It is not automatic, though — neither a recent incorporation date nor a low turnover figure guarantees eligibility, and the correct framework is confirmed by reviewing the company's circumstances. We can check this as part of preparing your accounts.

Do first-year accounts replace the confirmation statement?

No. The confirmation statement is a separate filing that confirms your company's registered details — such as directors, shareholders and registered office — are up to date. It does not replace statutory accounts, and filing accounts does not remove the need to keep your Companies House information current. These are two distinct obligations and each needs to be dealt with in its own right.

What happens if first-year accounts are filed late?

If accounts required by Companies House are filed after the applicable deadline, late filing consequences can follow, and the outcome can vary depending on how late the accounts are and the company's filing history. Paying any penalty does not remove the requirement to file the outstanding accounts. Where an appeal is considered, eligibility depends on the circumstances and the applicable rules. The practical point is to act as soon as you realise a deadline may be at risk.