First-year accounts for limited company in Tilbury

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

Tilbury is in the Thurrock council area, in the East of England region. ONS figures for 2026 count 7,190 VAT- or PAYE-registered businesses in Thurrock, and 6,600 of them (92%) employ fewer than ten people. Many are small enough to use the micro-entity regime.

The largest groups of micro businesses in Thurrock are construction (1,840), transport and storage (1,055) and wholesale and retail (905). If you work in construction in Tilbury, 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 28% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Tilbury (Thurrock 018) has 545 VAT- or PAYE-registered businesses, and 490 of them (90%) are micro businesses.

Thurrock ranks 550 of the 1105 areas we serve by number of micro businesses, and its micro share of 92% is above the 89% average across them. In transport and storage (1,055 micro businesses in Thurrock), vehicle costs, fuel and capital allowances are large lines in your accounts, so we make sure each is claimed in the right year. In wholesale and retail (905 micro businesses in Thurrock), 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.