First-year accounts for limited company in Halesowen

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

Halesowen is in the Dudley council area, in the West Midlands region. In Dudley, 8,815 of the 10,100 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 87%. If you run a company in Halesowen, you are in good company.

The largest groups of micro businesses in Dudley are wholesale and retail (1,725), construction (1,660) and professional, scientific and technical services (1,080). If you work in wholesale and retail in Halesowen, 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. That puts wholesale and retail at 20% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Halesowen (Dudley 034) has 435 VAT- or PAYE-registered businesses, and 370 of them (85%) are micro businesses.

Dudley ranks 356 of the 1105 areas we serve by number of micro businesses, and its micro share of 87% is below the 89% average across them. In construction (1,660 micro businesses in Dudley), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In professional, scientific and technical services (1,080 micro businesses in Dudley), 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.