Web Filing and Dormant company

[meraff]

Hi,

I currently have a dormant company which has annual accounts (over)due. I am currently waiting on the webfiling code to arrive so I can enter online - but I would like to know whether dormant accounts need to be completed by an accountant? I am assuming as it is dormant I should just be able to enter lots of £0s into the various fields?

Thanks for the help on this rookie query.

[Clare@InTouch]

You can do them yourself, it's not complicated. If it's totally dormant then you'll simply need to enter the value of the shares issued and the equivalent value in cash. Don't forget to let HMRC know too.

As an aside, it may be cheaper to start a whole new company than pay the fine for overdue dormant accounts!

[meraff]

You can do them yourself, it's not complicated. If it's totally dormant then you'll simply need to enter the value of the shares issued and the equivalent value in cash. Don't forget to let HMRC know too.

As an aside, it may be cheaper to start a whole new company than pay the fine for overdue dormant accounts!

Thanks. The fine is currently £375. I would have thought you would have to pay off the fine before I could close the company?

HMRC know it is is dormant, it is a shame the fine is just as large for dormant as non-dormant. Never mind - my fault for forgetting though.

[Clare@InTouch]

Thanks. The fine is currently £375. I would have thought you would have to pay off the fine before I could close the company?

HMRC know it is is dormant, it is a shame the fine is just as large for dormant as non-dormant. Never mind - my fault for forgetting though.

No, just file a DS_01 to strike off the company and the fine will not be chased. The second you file accounts, that's when the fine is issued.

[meraff]

No, just file a DS_01 to strike off the company and the fine will not be chased. The second you file accounts, that's when the fine is issued.

You star

Is there any impact for filing a DS_01? i.e. is there a black flag against my name being the director of the company? Also, is this a 'normal' thing to do, i.e. can I discuss this with Companies House without them getting funny about it?

[xoggoth]

Dormant is supposed to mean there have been no significant accounting transactions but if you try and fill in the dormant form on Companies House it requires answers that are completely inappropriate, except to a company that has never traded at all. Made no sense.

PS I sent the DS_01 2 months back and never had to fill in last years accounts. Closure is all under way, in London Gazette etc. Don't forget to notify HMRC first, see prev CUK threads on co closure.

[Clare@InTouch]

You star

Is there any impact for filing a DS_01? i.e. is there a black flag against my name being the director of the company? Also, is this a 'normal' thing to do, i.e. can I discuss this with Companies House without them getting funny about it?

It's fine, and you should be able to talk to CH about it without any trouble.