Hello,
I registered limited company in June 2006. Soon after that I sent letter to HMRC saying that my company is not yet active. That was all I did.
I plan to start trading now, one year after the incorporation. What should I do? From what I have read, there are at least two things: annual return and the accounts.
annual returns
I have to complete annual return no matter the company was trading or not, is this correct? May I wait for the Form 363 to be sent to my registered office address? Are we - limited company first timers - able to fill in the Form 363 ourselves, without need of accountant advice?
accounts
Do I also have to complete accounts when my company was not trading since incorporation? If so, how can I actually do this, when there were no transactions?
As far as I know, my accounts are due from 30/06/07 and then I should have 10 months to file them, so they need to be received at Companies House by no later than 23/04/08. Therefore I think that I can wait with completing accounts till this date. Did I make mistake?
What will be the date on which the company first accounting period began? The date of incorporation or the date when I started trading?
other
Is there something else I have to do?
My situation:
I don't plan to employ anybody, we are just two directors who would like to share company profit through dividends.
Thanks a lot in advance. I hope your answers will be helpful not only to me
Regards,
Martin
I registered limited company in June 2006. Soon after that I sent letter to HMRC saying that my company is not yet active. That was all I did.
I plan to start trading now, one year after the incorporation. What should I do? From what I have read, there are at least two things: annual return and the accounts.
annual returns
I have to complete annual return no matter the company was trading or not, is this correct? May I wait for the Form 363 to be sent to my registered office address? Are we - limited company first timers - able to fill in the Form 363 ourselves, without need of accountant advice?
accounts
Do I also have to complete accounts when my company was not trading since incorporation? If so, how can I actually do this, when there were no transactions?
As far as I know, my accounts are due from 30/06/07 and then I should have 10 months to file them, so they need to be received at Companies House by no later than 23/04/08. Therefore I think that I can wait with completing accounts till this date. Did I make mistake?
What will be the date on which the company first accounting period began? The date of incorporation or the date when I started trading?
other
Is there something else I have to do?
My situation:
I don't plan to employ anybody, we are just two directors who would like to share company profit through dividends.
Thanks a lot in advance. I hope your answers will be helpful not only to me
Regards,
Martin
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