*Urgent* please help - filing dormant accounts

ey143

Hi

I'm in need of a bit of urgent help please. HMRC have accepted my application for my limited company to be registered as dormant as it did not trade for the financial year ending 21 January 2014 so I don't need to file again until I start trading.

Companies House initially misinformed and I am now told I cannot submit Form AA02 because it once traded but that I can replicate the content and submit it.

If the financial details prepared for the previous accounting period are as follows, how can I do this myself?

The called up share capital remains £100 / 100 shares, the profit and loss account remains £2,735 from the previous year giving a balance sheet total of £2,835.

I have ignored any depreciation this or bank charges of £5 per month.

Many thanks.

Horace

Must admit my account filed all my annual returns. Even though my company was dormant I still had to file annual returns and cannot really understand why you don't have to. I still have to do self-assessments although they will cease after next year due to my decision to dissolve the Ltd Company which I did via Companies House.

zygurat789

ey143 wrote: »

Hi

I'm in need of a bit of urgent help please. HMRC have accepted my application for my limited company to be registered as dormant as it did not trade for the financial year ending 21 January 2014 so I don't need to file again until I start trading.

Companies House initially misinformed and I am now told I cannot submit Form AA02 because it once traded but that I can replicate the content and submit it.

If the financial details prepared for the previous accounting period are as follows, how can I do this myself?

The called up share capital remains £100 / 100 shares, the profit and loss account remains £2,735 from the previous year giving a balance sheet total of £2,835.

I have ignored any depreciation this or bank charges of £5 per month.

Many thanks.

Can you do this for Company Law, surely the company has not been dormant during the year?

ey143

Hi

I'm not sure I understand your question. The company has not traded for the previous financial year. It is therefore dormant. The existing assets and funds is what remains from the previous financial period.

ey143

Definition of dormant is when no business activity is being undertaken.

zygurat789

ey143 wrote: »

Definition of dormant is when no business activity is being undertaken.

HMRC definitions may be different from Company House definitions.
I was surmising that since there have been transactions through the company's bank account that the company has not been dormant and the figures for the reserves and bank account will be different from the previous year end.

ey143

Horace - I missed your reply earlier. You are confusing annual returns and annual accounts. You are correct about annual returns, but I am referring to annual accounts, which do not need to be submitted if the company is dormant.

Zygurat,
Companies House have told me themselves that the definition of dormant is if no significant activity had taken place. Logically that would make sense since as I mentioned, the company has not "traded" which for all intents and purposes is what is important and not bank charges.

Are there any accountants here who can advise please?

Thx.