Dormant Accounts question

[AndreaQuest]

A question please for the Accountants on this forum:
My company hasn't traded for a few years, although it has traded in the past.
I have been filing micro entity accounts via an accountant as I want to keep the company open to resume trading at some point.
My understanding is that dormant accounts can be filed instead - with Companies House - if no significant transactions have occurred.

Apart from the annual Confirmation Statement - the only transactions are my accountant's fees and my company mail service.

So the question is: Would Companies House view any of these transactions as significant - or would it be acceptable to file dormant accounts?

Thanks in advance for your help.

[eek]

A question please for the Accountants on this forum:
My company hasn't traded for a few years, although it has traded in the past.
I have been filing micro entity accounts via an accountant as I want to keep the company open to resume trading at some point.
My understanding is that dormant accounts can be filed instead - with Companies House - if no significant transactions have occurred.

Apart from the annual Confirmation Statement - the only transactions are my accountant's fees and my company mail service.

So the question is: Would Companies House view any of these transactions as significant - or would it be acceptable to file dormant accounts?

Thanks in advance for your help.

Yes any payments make the transactions significant because the company is not 100% dormant...

[jamesbrown]

An "insignificant transaction" is just technobabble for companies house confirmation statement fees and late filing penalties. Anything else and the company isn't dormant. So, not dormant.

Assuming they accept it, one option may be to pay the accountant from your personal funds. You aren't going to be carrying back a loss anyway, so...

[gregNoWorries]

Yep, close down your business bank account (and your business PAYE and VAT accounts if still open), and advise the HMRC Corp Tax office that your business is dormant also. Any business-related costs will need to be paid by you personally. If you keep the business bank account open with CS costs, mail service costs, and accounting costs, then it won't qualify as dormant.