What Is A Dormant Company?

Registering a unique business name with Companies House is a must do thing for many entrepreneurs to protect their business names and deter their competitors from incorporating a company similar to their business names.

A limited company is registered with no intention to carry out business since its incorporation is eligible to file dormant accounts online with Companies House.

The UK company law defined a company as a dormant company if it has no significant business accounting transactions during its accounting period. If your company merely has the following transactions during its accounting period then it is classified as dormant.

1. Monies received from shareholders for the shares issued to them as per the company memorandum of association.

2. Statutory fees paid to Companies House for filing of annual return, company name change and re-registration of your company.

3. Late filing penalty payment made to the Registrar of Companies for late filing of accounts.
   If your non trading company have any other transactions during its accounting year, it may not be eligible to file dormant account.

Accounts Filing

Concise Accountancy offers fixed fee dormant account package to companies. Our professional accountants will take care of your dormant company account preparation and filing with Companies House for you.

Please be reminded that failed to file your dormant company account by the dateline given b Companies House, your company must pay late filing penalty of £150 for a day late, £375 if it is three months late and up to £1500 if more than 6 months late.

Concise Accountancy – Making Company Admin Easy For Small Companies