First-year accounts for limited company in West Molesey

First-year accounts for new West Molesey 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 West Molesey businesses: local facts

West Molesey is in the Elmbridge council area, in the South East region. In Elmbridge, 7,920 of the 8,615 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 92%. If you run a company in West Molesey, you are in good company.

The largest groups of micro businesses in Elmbridge are professional, scientific and technical services (2,070), construction (960) and information and communication (885). For professional, scientific and technical services companies in West Molesey, 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 26% of the local micro-business base.

Zooming in, the ONS neighbourhood area around West Molesey (Elmbridge 003) has 375 VAT- or PAYE-registered businesses, and 340 of them (91%) are micro businesses.

Elmbridge ranks 406 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 construction (960 micro businesses in Elmbridge), 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 (885 micro businesses in Elmbridge), software subscriptions, equipment and contractor invoices are common, and contractors often ask about IR35, so we review both when preparing your return.