First-year accounts for limited company in Brentwood

First-year accounts for new Brentwood companies

Your first accounts normally cover a little over twelve months, running from the day you incorporated to your accounting reference date, and the period can never be longer than 18 months. For most companies the first accounts are due 21 months after incorporation. You must also register for Corporation Tax within three months of starting to trade.

First company accounts for Brentwood businesses: local facts

Brentwood is in the East of England region. ONS figures for 2026 count 4,485 VAT- or PAYE-registered businesses in Brentwood, and 3,985 of them (89%) employ fewer than ten people. Many are small enough to use the micro-entity regime.

The largest groups of micro businesses in Brentwood are construction (860), professional, scientific and technical services (685) and wholesale and retail (485). If you work in construction in Brentwood, Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. That puts construction at 22% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Brentwood (Brentwood 007) has 840 VAT- or PAYE-registered businesses, and 755 of them (90%) are micro businesses.

Brentwood ranks 887 of the 1105 areas we serve by number of micro businesses, and its micro share of 89% is in line with the 89% average across them. In professional, scientific and technical services (685 micro businesses in Brentwood), fee income, work in progress at the year end and how directors are paid are the key decisions, so we plan these with you before the accounts are finalised. In wholesale and retail (485 micro businesses in Brentwood), closing stock and the VAT treatment of different product lines are the usual pressure points, so we value stock carefully and check your VAT records.