When a company has not traded during the current year, i.e. it has had no incoming or outgoing financial transactions, it has received no income from other sources and there have been no significant accounting transactions, then it is considered to be dormant.
However, if the company has even one invoice that remains unpaid or bank interest or charges fall due within the accounting year, then these fall under the umbrella of significant accounting transactions meaning that the company will not be considered to be dormant.
A dormant company should not be confused with a non-trading company which, whilst not executing any type of business transactions during the financial year, may well have made certain other payments or received income and this could include, for example, rent, wages, banking and legal fees.
A dormant company, however, will have not have undertaken any significant accounting transactions during the year and, as such, will not be liable to pay corporation tax providing it is either:
121 Company Formation provides a dormant account filing service for limited companies that are required to file accounts for a dormant company every year.
If we did not incorporate the company for you, in order to file these accounts at Companies House, we will require:
The costs shown below for this annual service include the Companies House fee. We will automatically send you a reminder when the next filing date is imminent so that you will not forget to file your dormant company accounts.
Dormant Company Accounts Service: £100
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