Instead of filing a full set of annual accounts with Companies House, companies with no ‘significant accounting transactions’ can file a basic set of accounts known as dormant company accounts.
Let’s explore these a little further.
Can I file dormant company accounts?
If your company is considered dormant by Companies House, then yes.
Companies House define a company as dormant if it hasn’t had any significant transactions in its financial year.
For a new company, the financial year runs from the company’s date of incorporation to the ‘made up to’ date. Then, the financial year would be from the previous ‘made up to’ date to the current ‘made up to’ date.
The following transactions are not considered significant:
- Companies House fees that have been paid (for example, the fee required to register the company or file a confirmation statement)
- Penalties paid for late filing of annual accounts
- Money paid for shares by shareholders when the company was registered
Simply put, your company should be able to file dormant accounts if it has not conducted any trading activity.
How do I file dormant company accounts?
If you wish to take care of this yourself, you can use Companies House WebFiling or the AA02 paper form.
Alternatively, we can prepare and file the dormant accounts for you, for only £39.99 plus VAT – taking all the hassle out of the process.
Is there a penalty for the late filing of dormant accounts?
Yes. It does not matter whether you are filing regular company accounts or dormant accounts – Companies House will impose a penalty for late filing. The total depends on how late your accounts are delivered.
Thanks for reading!
So there you have it, you should now know what dormant company accounts are.
Do you still have questions? No problem. Leave a comment and we’ll get back to you as soon as possible.
