First-year accounts for limited company in Haslemere

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

Haslemere is in the Waverley council area, in the South East region. ONS figures for 2026 count 7,660 VAT- or PAYE-registered businesses in Waverley, and 6,980 of them (91%) employ fewer than ten people. Many are small enough to use the micro-entity regime.

The largest groups of micro businesses in Waverley are professional, scientific and technical services (1,725), construction (845) and information and communication (730). For professional, scientific and technical services companies in Haslemere, 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 25% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Haslemere (Waverley 016) has 425 VAT- or PAYE-registered businesses, and 390 of them (92%) are micro businesses.

Waverley ranks 510 of the 1105 areas we serve by number of micro businesses, and its micro share of 91% is above the 89% average across them. In construction (845 micro businesses in Waverley), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In information and communication (730 micro businesses in Waverley), software subscriptions, equipment and contractor invoices are common, and contractors often ask about IR35, so we review both when preparing your return.