Winding up LTD - dates for final accounts and tax return confusion

[BusinessBandaid]

Hi guys

I'm closing my ltd. Hv spoke to HMRC who told me to notify CH.

Currently doing the final tax return and set of accounts for both of the above (not complicated as had no income or expenditure this year) but I'm slightly confused as to the dates I should be choosing.

My year-end date was 15/09/2022. The HMRC portal says "Are these the dates you want to file accounts for?" - however, if I choose no, there is an option to change the year end dates for both the tax return and the set of accounts.
As these are my final submissions, should I change the dates on this screen to, for example, 03/11/2022 as this would include the previous year and anything up until that new date next week?


What has also confused me is HMRC said CH will wind up even though the company has a direct debit paying off its £150 owed corp tax...

Any ideas?

Thanks guys

[northernladuk]

CH will just wind it up. They don't care about it's operation. Make sure you sort all your finances first and empty the account before applying to CH. If it owes so little why not just cancel the DD and manual pay it?

[Fred Bloggs]

For right or wrong, this is what I did with my last Ltd Co when I wound it up after a year trading and DIY accounts. I filed the year end accounts on the day after the year end and paid corporation tax. I applied for and was granted permission to extend the year end by 90 days but I hadn't traded in those 90* days. On the 91st day I filled in the DS01 on line and closed the bank account. I wrote a letter to HMRC telling them that the company hadn't traded for the 90 days following previously submitted accounts and that DS01 had been filed. The company was subsequently struck off and nothing more was heard. How correct that was, no idea. But it worked.

* Going from memory you need to have not traded in 90 days before submitting DS01.

[Lance]

you cannot have a company year end in the middle of a month.
It's the end of a month. ALWAYS.
If you open a company part way through a year (say 14th Sep 2020), then you will have to submit 2 sets of accounts, One set for 14th to 30th, and another set for full year (1st Oct to 30th Sep).

No idea about the rest. Get an accountant to do this properly.

[BusinessBandaid]

Thanks chaps.

Still not sure whether I should change the dates. It is an option, but a bit hesitant.

Hadn't considered the 90 day extension method, just thinking it must be pretty straightforward as my year end was recent and the tax liability can be paid off in one go.

Yes, you’re right, my first year was 15th, had to file two, then it went to end of month.

If anyone has any experience changing the dates in the portal or recommend this please let me know, this LTD has become a right ball ache.

[escapeUK]

I looked at my final accounts for a previous company, there were for the full company year, despite stopping in the middle. So no date change. Just use the full year as normal.

Mine included the statement "The company ceased to trade during the period and the accounts have been prepared on a break-up basis"

Like HMRC say, let CH know.

[Fred Bloggs]

Thanks chaps.

Still not sure whether I should change the dates. It is an option, but a bit hesitant.

Hadn't considered the 90 day extension method, just thinking it must be pretty straightforward as my year end was recent and the tax liability can be paid off in one go.

Yes, you’re right, my first year was 15th, had to file two, then it went to end of month.

If anyone has any experience changing the dates in the portal or recommend this please let me know, this LTD has become a right ball ache.

It's extremely simple and takes a couple of minutes. Choose "changing your accounting reference date" from this page -

https://www.gov.uk/file-changes-to-a...ompanies-house