Shut down unused ltd co
Shut down unused ltd co
Author
Discussion

Wilmslowboy

Original Poster:

4,773 posts

237 months

Tuesday 18th November 2014
quotequote all
I registered a ltd co in the summer as I planned to do some consultancy.

I now have no need for it, I never VAT registered it, put any expenses or other transactions through it.

Whats the tidiest and easiest way of shutting it down. Happy to pay a modest fee to a professional to get it done (If necessary).


Luke640d

65 posts

166 months

Tuesday 18th November 2014
quotequote all
Literally just file a form to dissolve it (or you can set it as dormant) should you wish to keep it there for future.

https://www.gov.uk/closing-a-limited-company

Hope that helps.

Eric Mc

125,882 posts

296 months

Tuesday 18th November 2014
quotequote all
It's called "Striking Off" and only costs £10 to file the form.

Eric Mc

125,882 posts

296 months

Wednesday 19th November 2014
quotequote all
Nothing - they just stay in the company's balance sheet.

RAClNG SNAKE

3,606 posts

263 months

Wednesday 19th November 2014
quotequote all
Are there annual costs for keeping a dormant company? Companies house etc?

Dr Interceptor

8,183 posts

227 months

Wednesday 19th November 2014
quotequote all
RAClNG SNAKE said:
Are there annual costs for keeping a dormant company? Companies house etc?
Only the £15 charge for filing the annual return (electronically). £30 if you do the paper version.

Eric Mc

125,882 posts

296 months

Wednesday 19th November 2014
quotequote all
Annual Return is £13 (electronic filing) or £40 (paper filing).

That is the Annual Return - which is nothing to do with annual accounts.

A dormant company also has to submit annual accounts. However, it can submit the annual accounts in the form of a Form AA02. This is a separate exercise from the Annual Return and BOTH submissions must be made each year.

In order for the company to submit dormant company accounts or a Form AA02, it must BE dormant i.e. NOTHING must have happened in the accounts of the company for the entirety of the financial year. If anything happened, such as movement on a bank account - or the payment of a debt - then the company isn't dormant and cannot file dormant accounts.

Wilmslowboy

Original Poster:

4,773 posts

237 months

Wednesday 19th November 2014
quotequote all
Great thanksfor the link

Just one form then, no asserts, transaction etc -

Eric Mc

125,882 posts

296 months

Thursday 20th November 2014
quotequote all
You said that the company was set up and them did nothing.

That implies that the company has no assets or transactions - apart from the issuing of the original share capital;.

Are you saying otherwise? If so, you do need to take some additional basic steps before applying to have the company struck off.

Wilmslowboy

Original Poster:

4,773 posts

237 months

Friday 21st November 2014
quotequote all
Eric Mc said:
You said that the company was set up and them did nothing.

That implies that the company has no assets or transactions - apart from the issuing of the original share capital;.

.
This is correct zero transactions, assets , including any fees such as insurance, expenses etc