First-year accounts for limited company in Dorking

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

Dorking is in the Mole Valley council area, in the South East region. In Mole Valley, 4,650 of the 5,150 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 90%. If you run a company in Dorking, you are in good company.

The largest groups of micro businesses in Mole Valley are professional, scientific and technical services (1,120), construction (705) and wholesale and retail (555). If you work in professional, scientific and technical services in Dorking, 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 24% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Dorking (Mole Valley 010) has 510 VAT- or PAYE-registered businesses, and 455 of them (89%) are micro businesses.

Mole Valley ranks 768 of the 1105 areas we serve by number of micro businesses, and its micro share of 90% is in line with the 89% average across them. In construction (705 micro businesses in Mole Valley), 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 (555 micro businesses in Mole Valley), 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.