"Winding up" a company that has never traded
Discussion
Right - to start, what will follow will demonstrate what a doofus I am so I offer my apologies now...
I recently returned to contract IT work and, as I'd had a break of a few years, I didn't have a Ltd company. Stuck for inspiration for a name and running out of time I registered a company with the first name that popped in to my head. Wasn't happy with the name but, like I say, I was running out of time.
That night inspiration struck and I thought of a name I wanted so went ahead and repeated the registration process for a new company in the new name.
So. I am currently a director of a company that hasn't, doeasn't and never will trade (the original registered company). I am vastly ignorant of the whole process but I believe I'll be chased to submit audited accounts eventually - so will have to pay an accountant to put a load of zeros in a spreadsheet and submit (a deliberate simplification for comic effect). I'd rather not do this, obviously, so I wondered whether anyone could advise as to what to do next.
Online stuff says about contacting HMRC etc. but as I've never traded, nor registered for VAT and so on, do I still need to?
Anyway, apologies for the thundering ineptitude but all (sensible) advice gratefully received.
Cheers.
I recently returned to contract IT work and, as I'd had a break of a few years, I didn't have a Ltd company. Stuck for inspiration for a name and running out of time I registered a company with the first name that popped in to my head. Wasn't happy with the name but, like I say, I was running out of time.
That night inspiration struck and I thought of a name I wanted so went ahead and repeated the registration process for a new company in the new name.
So. I am currently a director of a company that hasn't, doeasn't and never will trade (the original registered company). I am vastly ignorant of the whole process but I believe I'll be chased to submit audited accounts eventually - so will have to pay an accountant to put a load of zeros in a spreadsheet and submit (a deliberate simplification for comic effect). I'd rather not do this, obviously, so I wondered whether anyone could advise as to what to do next.
Online stuff says about contacting HMRC etc. but as I've never traded, nor registered for VAT and so on, do I still need to?
Anyway, apologies for the thundering ineptitude but all (sensible) advice gratefully received.
Cheers.
Yeah - I realise now that changing the name would have been the simplest option but as I mentioned in the OP, I'm a doofus and have already registered the second name (I did so the next day after creating the first). It's only just occurred to me what a knob I was. So, in short, changing the name is not an option and I have to go down the dissolving route. I was really after advice/guidance on what I need to do.
Thanks.
Thanks.
LordHaveMurci said:
Should cost next to nothing to keep the Company as dormant, I've had one dormant for about 11yrs just in case a good idea comes along that I don't want to put through my existing Company.
Interesting - I thought you have to submit audited accounts every year regardless. Is this not the case for non-trading companies? How does CH know a company is not trading?
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