Every limited company in the UK is required to file accounts on an annual basis. If your company is classified as dormant (not trading), you do not need to file full accounts, however, you are required to file dormant company accounts.
1st Formations provide a dormant account filing service for limited companies, regardless of whether the company was incorporated using our website. The process takes no longer than 24 hours (1 working day), subject to receiving the information we require promptly.
The cost of our Dormant Company Accounts Service is £39.99 plus VAT.
A dormant company is a new company that has not started trading, or a company that has not traded within the current financial year, i.e. it has had ‘no significant accounting transactions’ during the financial year.
If a company has had no significant accounting transactions in the financial year, it can be classified as dormant; however, if it has settled an invoice, paid bank charges, bank interest, paid employees, or paid dividends to shareholders, it will lose its dormant status, as these are all examples of significant accounting transactions.
Exclusions to the rule are: payment for shares issued at the time of incorporation, late filing penalties, and filing fees paid to Companies House.
Companies with dormant company status only need to file a simplified form of accounts with Companies House. These simplified accounts are known as dormant company accounts, and they represent a considerable benefit, as they reduce the statutory burden of filing profit and loss accounts and a director’s report.
Accounts must be filed at Companies House at least once every 12 months.
This service is renewable annually, at a cost of £39.99 plus VAT, ensuring you do not miss a filing date in the future.
If you formed your company using our website, then we will only need to know your company name and number, and if your shares are paid or unpaid, i.e. have the shareholders paid the company for the shares issued to them?
If you did not form your company using our website, we will require to know your company name and number, webfiling authentication code, shares paid or unpaid, and the name of one director.
It takes 24 hours (1 working day) to prepare and file dormant company accounts with Companies House (subject to having the webfiling authentication code and other required information). We recommend you order the service at least 3 working days prior to the due date.
Please note: We cannot take responsibility for any late filing penalties or fines if your order was not submitted at least 3 working days prior to the due date.
This service is not available to Limited Liability Partnerships.
A limited company withfree .com or .co.uk domain namefrom £12.99 +VAT
1st Formations had the most useful and competitive packages and their ordering process seemed so much easier than incorporating directly with Companies House