In its first year, a limited company has several legal obligations:
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Register for Corporation Tax with HMRC within 3 months of starting trading.
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Keep proper accounting records of income, expenses, and company activities.
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File a confirmation statement with Companies House (usually due within 12 months).
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Prepare and file annual accounts (even if the company hasn’t traded).
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Pay any taxes due such as Corporation Tax and possibly VAT or PAYE if registered.
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Follow all legal duties as a director, including acting in the company’s best interest.
Meeting these obligations helps avoid fines and keeps the company in good standing.
