What is a dormant company?
A dormant company is one that has had no significant accounting transactions during a financial year. This typically means no sales, purchases, or any other financial activities.
Why do I need to file dormant accounts?
Even if your company is dormant, you are still required by law to file dormant accounts with Companies House in the UK. This helps maintain your company’s legal status and compliance.
What are dormant accounts?
What are dormant accounts?
How often do I need to file dormant accounts?
Dormant accounts must be filed annually, even if your company remains dormant throughout consecutive years.
Can I prepare dormant accounts myself?
Yes, you can prepare dormant accounts yourself if you have the necessary knowledge and understanding of accounting requirements. Alternatively, our service offers expert assistance to ensure accuracy and compliance.
What are the consequences of not filing dormant accounts?
Failure to file dormant accounts on time can result in penalties from Companies House. It’s crucial to meet filing deadlines to avoid these penalties and maintain your company’s good standing.
How can your service help with filing dormant accounts?
Failure to file dormant accounts on time can result in penalties from Companies House. It’s crucial to meet filing deadlines to avoid these penalties and maintain your company’s good standing.
Is there a deadline for filing dormant accounts?
Yes, dormant accounts must be filed within 9 months after the company’s financial year-end. Our service ensures timely submission to avoid late filing penalties.
Can a dormant company still be active in other ways?
Yes, a dormant company can still hold assets, such as intellectual property or investments. It can also change its status back to active if it plans to resume trading.
How do I know if my company qualifies as dormant?
Your company qualifies as dormant if it has had no significant financial transactions, such as sales or purchases, during the financial year. If you’re unsure, you will need to contact Companies House for confirmation.