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My Ltd company made no income for last year : Can I file the return by myself?

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Comments

  • Atidi
    Atidi Posts: 943 Forumite
    SarahPink wrote: »
    For 2013, in which of the following fields I have to put the -£9400 (amount of the Profit and Loss Account from 2012 knowing £6000 was paid as dividend) ?

    Turnover
    Administrative expenses
    Operating profit/(loss)
    Profit/(loss) on ordinary activities before taxation
    Tax on profit/(loss) on ordinary activities
    Profit/(loss) for the financial year

    Fixed assets
    Tangible assets
    Current assets
    Stocks
    Debtors
    Cash at bank and in hand

    Creditors: amounts falling due within one year
    Net current assets/(liabilities)
    Net assets/(liabilities)
    Capital and reserves
    Called up share capital
    Profit and loss account
    Shareholders' funds

    As others have said, how can you have a dividend, i.e. a distribution of profits, when you have no profits to distribute? :huh:

    Professional advice you cannot afford not to have. ;)
  • Atidi
    Atidi Posts: 943 Forumite
    Anyway, back to the original question you pose in the thread title:

    Yes you can certainly file the Annual Return yourself. Do it online, and it will only cost £13 ... all pretty simple. Chances are it's just confirming what is already there.

    If you had a full understanding of your figures (which you don't appear to actually have) then yes you can also file your annual accounts yourself.
    Dormant accounts are very easy to do online (but I don't think that applies here as you have made a loss of over £9k allegedly)

    But simple accounts can also be done online, and files with HMRC at the same time if you want. Or you can use software that files it in iXBRL format.
    But in your situation I would urge you to get an accountant to sort it out & file it for you.
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