First-year accounts for limited company in Camberley

First-year accounts for new Camberley 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 Camberley businesses: local facts

Camberley is in the Surrey Heath council area, in the South East region. In Surrey Heath, 4,125 of the 4,620 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 89%. If you run a company in Camberley, you are in good company.

The largest groups of micro businesses in Surrey Heath are professional, scientific and technical services (865), construction (650) and wholesale and retail (490). For professional, scientific and technical services companies in Camberley, 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. That puts professional, scientific and technical services at 21% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Camberley (Surrey Heath 004) has 230 VAT- or PAYE-registered businesses, and 225 of them (98%) are micro businesses.

Surrey Heath ranks 850 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 construction (650 micro businesses in Surrey Heath), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In wholesale and retail (490 micro businesses in Surrey Heath), 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.