Preparing Final Accounts

**Sockpuppet** · 30 November 2007, 19:40

Originally posted by homer View Post

Hey,

Hope you guys can help. I am closing my Ltd Company and need to prepare final accounts. the problem is I don’t know how to do this and was hoping someone here could advise what info I need to put into creating final accounts.

I don’t think it will be very complex as i only ever traded for one month and so only have one invoice.

I heard i have to include my income, expenses and any loss/profits...?

I would let an accountant do it but my accountant wanted to charge me over £300 to close my ltd company down!
I thought that was a rip and done some research online and found out exactly what I need to do to close the company.

Any help would be greatly appreciated

Afaik a final set of accounts is just the same as a normal set of accounts but without any creditors / debtors in there.

Also why not leave it open you may come back to it.

Just file a normal set of accounts for this year (can make the first year 18 months) then file dormant accounts for £15/year.

So even in 20 years you are still up on your £300.

**where did my id go?** · 30 November 2007, 20:00

remember though - it isnt just the accounts to companies house - you also need the tax stuff.

**Sockpuppet** · 30 November 2007, 20:41

CT600 - not the most complex piece of trickery devised by man.

**homer** · 30 November 2007, 20:54

thanks for the advice guys,

well aware of the tax stuff and as sockpuppet states its not that difficult to fill in the CT600. i was just unaware of what info was needed to create my accounts.

i'll look into making the company dorment.

thanks again

Preparing Final Accounts