First-year accounts for limited company in Stevenage

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

Stevenage is in the East of England region. ONS figures for 2026 count 3,475 VAT- or PAYE-registered businesses in Stevenage, and 3,140 of them (90%) employ fewer than ten people. Many are small enough to use the micro-entity regime.

The largest groups of micro businesses in Stevenage are construction (640), professional, scientific and technical services (400) and wholesale and retail (360). For construction companies in Stevenage, 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 20% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Stevenage (Stevenage 008) has 260 VAT- or PAYE-registered businesses, and 225 of them (87%) are micro businesses.

Stevenage ranks 1010 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 professional, scientific and technical services (400 micro businesses in Stevenage), 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 (360 micro businesses in Stevenage), 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.