Can I just say what a brilliant little video,been struggling for hours to do my first dormont accounts and this helped me then do it in minutes so thanks very much
Thank you so much for creating this video - I always forget how to complete these each year and always get red exclamation marks against my numbers! Many thanks!
Great video if your company has never traded. I wish there was a video on filing dormant accounts for a company that has previously traded but is now dormant.
Thanks for this video. Very clear and simple to understand. Its definitely a dummies guide. I have a few questions please pardon my lack of knowledge concerning this. It’s my first year in business and I haven’t traded at all. I am the only director of the company. 1. How do I know my share capital? 2. How do I know the value of my shares? 3. The type of shares? Thank you for this video life saver!!!
hi In your video you put 100 to each called up share capital not paid and net assets to if I’m never treating shall I put 100 or less for example can I put 2 instead 100
Hi, thanks for the video! I just done along with you the tax filing. Do I need to do anything about Corporation Tax, my company had 0 activity so not sure what to do?! Thanks
In most instances, HMRC will pick up that your business is dormant and so will not chase you for a Corporation tax return, however there is no harm in submitting a nil return for corporation tax purposes if you are submitting close to the deadline date (or late) to avoid them chasing.
Hi Many thanks for your useful videos. I've registered a company on 14th of January 2022 as I whached UA-cam then just after a year on first of January 2023 I did my conformation statement as an inactive company but whenever I check my company in company houses page my company is active!!!while it has been dormant company and it makes me worried and next week I have to filling my company as a dormant company aswell. Please tell me how can I fix that. Many thanks Afshin.
Hi Annette, excellent video i have got a quick question please. Do I need to submit dormant accounts to HMRC and to Companies House or, just to Companies House ONLY ?
my company was founded with 1gbp capital. and there is only one person. Should I write number of shares 1? Which document of my company writes the correct information? thanks
Very informative video 👏 ! So dormant company doesn't have any obligation toward HMRC ? Also how to justify any added money by a director to company's bank account ? Are they considered as director loan? Thank you again for your time 🙏
You still need to file dormant accounts and a confirmation statement each year, even when dormant. You don’t “deactivate” from dormant - you would just start trading, then the status would change one you submit an active set of accounts.
Hi Annette, amazing video, this just what I needed. if you are filing accounts for the first time, do you fill 100 shares as in your case for previous year? 2nd question: does your company show up as dormant or active in the public register when you view through the company's house website?Finally, is it ok to send HMRC an email telling them you are dormant or how do you submit nil return?THANK YOU SO MUCH ANNETTE FOR ANY INSIGHT PROVIDED.
Thanks for the video Annette. We are 6 flat owners who have a private company limited by guarantee without share capital. Incorporated feb 2021. We pay a monthly amount into a company bank acc we use this to pay buildings insurance and maintenance. HMRC accept us as dormant. Our ex solicitors filed our first accounts with companies house. One column headed 2022 reading net assets £0, Reserves £0. We want to file our second accounts soon. My question is should we state the balance in our bank account or just file net assets £0, Reserves £0 like before? Thanks if you have time to answer. Regards
@@annetteferguson-accountant ah that's what i need because im not trade of my company for 8 months i have to strike off by myself or they will do it automatically?? but in this case are there is a bill that i have to pay or not ? thanks
Thank you Annette it was very good video. I have one question I opened my company and now its 21 months and this is my first filings and all the way through I actually did not start the business or could not fly out so its been dormant . So am I correct to say I have to do dormant accounts fillings . Pls advise
Thank you very much for this video, Annette. If the company has not traded since incorporation (about 10 months ago) but has opened bank account and has little cash on it untouched (director’s loan I understand), may it be reported as dormant in a way you showed? And is there anything to report to the tax office in this situation? Thank you again for all your help.
If you have put money in (directors loan) then for the purposes of Companies House accounting submissions, that is deemed to be a "significant accounting transaction" and therefore you cannot submit dormant accounts. A ‘significant’ accounting transaction is defined as one that the company should enter in its accounting record and movement in the directors loan account is should be entered into the accounting records.
Hi Annette, fantastic explanation - clear, precise and upbeat - well done from a fellow Scot! I have a completely dormant Ltd company that was set up 18 months ago and never traded or held cash in bank or otherwise and performs no transactions at all. The questions is what do I need to submit to HMRC...? There's no corporation tax obviously but do I not need to submit something to them also and if so what...do you know..? Thanks for any guidance! Al
You cannot file dormant annual accounts until after the year end of the business. For example, if you registered in May and had a 31st May 2025 as your first year end, you could not file dormant accounts for the year ended 31st May 2025 until after 31st May 2025.
thanks for the useful video... my company is dormant no trade whatsoever. what do i need to choose in "Number of share" and "Issue capital Share". I am the only director of the company. But the company has not done any activity since it was first registered in July 2021. please advise?
@@annetteferguson-accountant Hi Anette, thanks a million, I have not been able to find No. of Shares my company has on Incorporation Documents (Either memorandum of association, certificate of incorporation or company report) in the report I can see the statement of capital is £1, i guess that is the minimum for a share, so it has a share for £1? I confirm I do not have a business bank account for this company or have done anything for the company since incorporation, thanks a million once again, Best Regards
my company was dormant since the day it corporates which in November 2023 so i informed HMRC that my company is dormant but i don't know what's the next step is hence i don't know their contact email and i'm non UK resident
miss I started the company but I didn't start any business activities yet because I still don't have the wise account set up because it required 45GBP which I don't have so this video useful for me to avoid any penality against me because im new and I don't know I received this document saying this Company Unique Taxpayer Reference (UTR) I didn't register for tax because my profit is 0$ and I didn't open the store yet also it says Important information for new companies only Companies House has informed us about the formation of your new company. You are required to send us certain information within 3 months what should I do
Hey, I follow your all instructions, but there are an error shows me (The date the accounts were approved cannot be earlier than the balance sheet date) this shows on the page of filing accounts . Please help me to regard this issue
No you cannot approve accounts before they have been drawn up - hence why the approval date cannot be before the balance sheet date. The date of approval is the date you are submitting them.
That will depend on how many shares your company has issued. You should manage to find that on your incorporation documents which are filed with Companies House
Hi, I have a dormant non resident LLP. I need to file my account but it does not allow me to file it online. I am exempted for audit as the account is dormant. Is there a way that I can do it online? I am out of the country and cannot do it in the UK.
Hi there can you let me know that I have a limited company in UK and I'm the only person person one share holder of it so I want to file this account dormant, as this is my first time filling it what I will gonna write it called up share capital : as you write 100 in each and in number of share option : Please help me out 🙏 Also my company is not trading as We have just registered it and using it as virtually means for online shopping
Hi my partner is trying to file the company as dormant. It was set up and never traded at all. He has put called up share capital not paid 0, cash at bank 0, 1 ordinary share value 0 and its all come up pink. If he hasn't made any money due to it not starting up should everything be put as 0 as the company hasn't made any money? I've had a look and it's gone straight over my head 🤔 this 10 min form has taken days and we are still confused. Please can someone advise. Thanks in advance...
Very concise, but informative video, Annette, thank you. If you're setting up a 'dormant' Ltd Co., do you still have to register for VAT, or only do this once you start trading (as I believe it may take a couple of weeks to register for VAT)? My business (if/once started) will provide support services/consulting for the MoD (I'm ex-Royal Navy, and intend to start consulting, soon)).
You only have to register for VAT if you breach the VAT threashold. If a company is dormant then it’s not trading so by definition cannot have breached the VAT threashold. So a dormant company cannot also be VAT registered.
My uk company have vat registered But my company never trading previous one year So my tax ended date are comming on 8 November 2022 So can i return tax as a dorment or not ?
Hi there I have a dormant company and I have bought equipment for a total amount of £2488.83 net value no including VAT, I claimed VAT back already, so my question is: should I enter £2488.83 in called up share capital not paid box? And then the same amount on Total Shareholder funds box. Many thanks
No. The equipment is an asset. If you personally purchased on behalf of the company then that is a directors loan and is a company liability. The share capital is per the comapny incorporation documents.
Go here find-and-update.company-information.service.gov.uk/?_ga=2.86397264.931051347.1644947203-100444551.1644947203 Search for your business by name, select your business, select the tab that says “filing history” and you’ll see everything that has been submitted to Companies House and be able to download your previous filed accounts
Dear can I dormant company after 11 months , when I try to follow the steps it’s showing my balance sheet date is not match , actually my end of the year shows 31/07 next month, what I can do in this situation, much appreciates if you can reply,
You can only file accounts after the year end. If you want to shorten the period then you’ll need to change the year end first and then file the accounts.
tha todays date is never working there is always a mistake I dont understand..I am writing todays date in the date of apprıval of accounts but it will be red everytime
What a lifesaver, only video I could find that actually helped with filling in the form! Thank you so much Annette!
You are welcome
VERY VERY HELPFUL INDEED!!! THANK YOU LOVE
This was more helpful than HMRC's own video. Thank you.
Glad to hear that!
Brilliant - thank-you. Fantastic video for first-timers who aren't experienced with limited companies. Only video I could find on this!
Glad it was helpful!
Thank you!!! Took weeks of anxiety away in one easy to follow 6 minute video!
amazing video just saved my day. only video that actually helped me so thank you so much Annette
Thank you very much, your video was very helpful and straightforward, thank you 😊
You are welcome
this is the only video needed on how to file for dormant accounts. thank you very much Annette
You're welcome!
Can I just say what a brilliant little video,been struggling for hours to do my first dormont accounts and this helped me then do it in minutes so thanks very much
You saved me again this year thank you 🙏🏻🙏🏻
You are welcome
@@annetteferguson-accountant we must need to file dormant account even we not start business in uk but our uk ltd is complete 1 year .
Thanks Annette! the video was very simple and most helpful. Thanks again
You are welcome. I'm glad it was helpful
Thank you you saved the life again this year 🙏🏻🙏🏻
Thank you so much for creating this video - I always forget how to complete these each year and always get red exclamation marks against my numbers! Many thanks!
Thank you so much this is very informative and very easy to follow. Had to pay to do this last year. Glad I know better now. Thank you.
You are welcome - glad to help
Great video if your company has never traded. I wish there was a video on filing dormant accounts for a company that has previously traded but is now dormant.
Thank you so much. That was immensely helpful. Bless
Thank you very much, Annette. Very helpful illustration.
You are welcome
Thanks for this video. Very clear and simple to understand. Its definitely a dummies guide. I have a few questions please pardon my lack of knowledge concerning this.
It’s my first year in business and I haven’t traded at all. I am the only director of the company.
1. How do I know my share capital?
2. How do I know the value of my shares?
3. The type of shares?
Thank you for this video life saver!!!
Thank you for this video, I'm new to this and due to do my accounts and filing statement.
You are welcome
Loved your explanation. Very easy to follow. Thank you so much.
You are welcome
hi
In your video you put 100 to each called up share capital not paid and net assets to if I’m never treating shall I put 100 or less for example can I put 2 instead 100
You are a wonderful teacher. Thanks a bunch 😊🙂
Well explained.
Thank you! 😃
Thanks for sharing this information so clearly Annette. That was really helpful! 🙏
You are welcome - I am glad it was helpful
Thank you so much for this video. You just help me save a lot of money for accountant service❤ Cheers😉👍
WOWWW. Thanks Annette, Much Appreciated 😊
Thank you, well explained.
Thank you very much. Clear & great to follow your online completion.
You are welcome!
Thanks for such a precise and to-the-point video.
You are welcome
Great video and great explanation.
How do I know how many shares I put in the box? Also I still have money in the business account that I haven't taken out yet does that matter?
Hi, thanks for the video! I just done along with you the tax filing. Do I need to do anything about Corporation Tax, my company had 0 activity so not sure what to do?!
Thanks
In most instances, HMRC will pick up that your business is dormant and so will not chase you for a Corporation tax return, however there is no harm in submitting a nil return for corporation tax purposes if you are submitting close to the deadline date (or late) to avoid them chasing.
Thank you so much ❤ very helpful and clear to the point! God bless you
You are welcome
Hi
Many thanks for your useful videos.
I've registered a company on 14th of January 2022 as I whached UA-cam then just after a year on first of January 2023 I did my conformation statement as an inactive company but whenever I check my company in company houses page my company is active!!!while it has been dormant company and it makes me worried and next week I have to filling my company as a dormant company aswell. Please tell me how can I fix that.
Many thanks Afshin.
Thanks so much for your explanation. Much appreciated 🙏🏾
You are welcome
Thank you so much you are a life saver 🙏🏻🙏🏻🙏🏻
You are welcome
Thank you very much. This was a lifesaving video.
You are welcome - I am so pleased it was helpful
Hi Annette,
excellent video i have got a quick question please.
Do I need to submit dormant accounts to HMRC and to Companies House or, just to Companies House ONLY ?
Thank you so much. It was very helpful ❤
Glad it was helpful!
Thank you. Fantastic video.👍
my company was founded with 1gbp capital. and there is only one person.
Should I write number of shares 1? Which document of my company writes the correct information?
thanks
Very informative video 👏 !
So dormant company doesn't have any obligation toward HMRC ?
Also how to justify any added money by a director to company's bank account ? Are they considered as director loan?
Thank you again for your time 🙏
Money added by the director is usually a directors loan. And no, you are not required to submit to HMRC when dormant
@@annetteferguson-accountant thank you for reply 🙏
Brilliant and well explained!
Glad it helped
I know we need to submit the companies accounts to companies house and HMRc so after submission to companies house how to submit to the HMRC please
Hi.please do guide me where exactly I can see all my details when I registered my company. I forgot my sheer number and something else.
Thanks Afshin.
Once it is dormant you won’t have to file anything until you reactivate it?
Also, how long it takes to deactivate from dormant to active? Thanks 😊
You still need to file dormant accounts and a confirmation statement each year, even when dormant.
You don’t “deactivate” from dormant - you would just start trading, then the status would change one you submit an active set of accounts.
Hi Annette, amazing video, this just what I needed. if you are filing accounts for the first time, do you fill 100 shares as in your case for previous year? 2nd question: does your company show up as dormant or active in the public register when you view through the company's house website?Finally, is it ok to send HMRC an email telling them you are dormant or how do you submit nil return?THANK YOU SO MUCH ANNETTE FOR ANY INSIGHT PROVIDED.
Thanks for the video Annette.
We are 6 flat owners who have a private company limited by guarantee without share capital. Incorporated feb 2021.
We pay a monthly amount into a company bank acc we use this to pay buildings insurance and maintenance.
HMRC accept us as dormant. Our ex solicitors filed our first accounts with companies house. One column headed 2022 reading net assets £0, Reserves £0.
We want to file our second accounts soon.
My question is should we state the balance in our bank account or just file net assets £0, Reserves £0 like before?
Thanks if you have time to answer.
Regards
So helpful thank you
You are welcome
So if you have not traded or carried put business, do you just put in a value of 0 to all information asked for?
hi dear many thanks for this informative video, i can do that if im not yet did a confirmation statement and my date for confirmation are late?
Yes.
But you’ll need to submit your confirmation statement otherwise your company will be automatically struck off.
@@annetteferguson-accountant ah that's what i need because im not trade of my company for 8 months i have to strike off by myself or they will do it automatically??
but in this case are there is a bill that i have to pay or not ? thanks
Annette ye are life made easy 🎉😂 🙏🏻
Thank you Annette it was very good video. I have one question I opened my company and now its 21 months and this is my first filings and all the way through I actually did not start the business or could not fly out so its been dormant . So am I correct to say I have to do dormant accounts fillings . Pls advise
Yes you can!
Thank you very much for this video, Annette. If the company has not traded since incorporation (about 10 months ago) but has opened bank account and has little cash on it untouched (director’s loan I understand), may it be reported as dormant in a way you showed? And is there anything to report to the tax office in this situation? Thank you again for all your help.
If you have put money in (directors loan) then for the purposes of Companies House accounting submissions, that is deemed to be a "significant accounting transaction" and therefore you cannot submit dormant accounts. A ‘significant’ accounting transaction is defined as one that the company should enter in its accounting record and movement in the directors loan account is should be entered into the accounting records.
@@annetteferguson-accountant Got it. Thank you so much, Annette, indeed!
Hi Annette, fantastic explanation - clear, precise and upbeat - well done from a fellow Scot! I have a completely dormant Ltd company that was set up 18 months ago and never traded or held cash in bank or otherwise and performs no transactions at all. The questions is what do I need to submit to HMRC...? There's no corporation tax obviously but do I not need to submit something to them also and if so what...do you know..? Thanks for any guidance! Al
Amazing.
No nothing to submit
@@annetteferguson-accountant Okay thanks!
@@alrutherford1342 you are welcome
Beautiful you really wanted to us Highly Appreciated ❤
Can I enter UK once I have a company registered in the Company House which is actually dormant but compliant with all taxes and vat
how are current and previous periods defined by company was dormant for the first year but half way through this year it is active
Just the info I need it !
Great - glad it helped
Do I have wait a year after registering a company or can I do it soon like a few weeks after registration? Thank you
You cannot file dormant annual accounts until after the year end of the business. For example, if you registered in May and had a 31st May 2025 as your first year end, you could not file dormant accounts for the year ended 31st May 2025 until after 31st May 2025.
How often do i need to file dormant company account please and what are the deadlines every year.
Annually. The deadline is 9 months after your company year end
thanks for the useful video... my company is dormant no trade whatsoever. what do i need to choose in "Number of share" and "Issue capital Share". I am the only director of the company. But the company has not done any activity since it was first registered in July 2021. please advise?
Did you figure this out? I am exactly the same position and it keeps coming up red when I try to submit with 0 shares.
If you don’t know, have a look at the incorporation documents - it will say on there.
It’s not possible to have 0 :-)
@@annetteferguson-accountant Hi Anette, thanks a million, I have not been able to find No. of Shares my company has on Incorporation Documents (Either memorandum of association, certificate of incorporation or company report) in the report I can see the statement of capital is £1, i guess that is the minimum for a share, so it has a share for £1? I confirm I do not have a business bank account for this company or have done anything for the company since incorporation, thanks a million once again, Best Regards
LIFE SAVER THANK YOU 👍🏼
You are welcome
my company was dormant since the day it corporates which in November 2023 so i informed HMRC that my company is dormant but i don't know what's the next step is hence i don't know their contact email and i'm non UK resident
miss I started the company but I didn't start any business activities yet because I still don't have the wise account set up because it required 45GBP which I don't have so this video useful for me to avoid any penality against me because im new and I don't know I received this document saying this Company Unique Taxpayer Reference (UTR) I didn't register for tax because my profit is 0$ and I didn't open the store yet also it says Important information for new companies only
Companies House has informed us about the formation of your new company. You are required to send us certain
information within 3 months
what should I do
Did you leave it to the very last day to do?
Hey, I follow your all instructions, but there are an error shows me (The date the accounts were approved cannot be earlier than the balance sheet date) this shows on the page of filing accounts . Please help me to regard this issue
No you cannot approve accounts before they have been drawn up - hence why the approval date cannot be before the balance sheet date. The date of approval is the date you are submitting them.
I tried the date of submitting but it still says it cannot be earlier.
Did u sort it out? I am having a same issue
Yes I sort out. You have to wait until the period ends. Then they allow us to submit.
@@raheelahmedZafar so need to wait basically til 31st of January right? Last day
Anette how do i know how many shares do i need to type in?
That will depend on how many shares your company has issued. You should manage to find that on your incorporation documents which are filed with Companies House
Hi,
I have a dormant non resident LLP.
I need to file my account but it does not allow me to file it online.
I am exempted for audit as the account is dormant.
Is there a way that I can do it online?
I am out of the country and cannot do it in the UK.
Not for an LLP - needs to be a paper filing
Hi there can you let me know that I have a limited company in UK and I'm the only person person one share holder of it so I want to file this account dormant, as this is my first time filling it what I will gonna write it called up share capital : as you write 100 in each and in number of share option :
Please help me out 🙏
Also my company is not trading as We have just registered it and using it as virtually means for online shopping
Have a look at your incorporation documents for the share capital number
Great video
Thank you
Thank you 👍
You are welcome
Hi my partner is trying to file the company as dormant. It was set up and never traded at all. He has put called up share capital not paid 0, cash at bank 0, 1 ordinary share value 0 and its all come up pink. If he hasn't made any money due to it not starting up should everything be put as 0 as the company hasn't made any money? I've had a look and it's gone straight over my head 🤔 this 10 min form has taken days and we are still confused. Please can someone advise. Thanks in advance...
Very concise, but informative video, Annette, thank you. If you're setting up a 'dormant' Ltd Co., do you still have to register for VAT, or only do this once you start trading (as I believe it may take a couple of weeks to register for VAT)? My business (if/once started) will provide support services/consulting for the MoD (I'm ex-Royal Navy, and intend to start consulting, soon)).
You only have to register for VAT if you breach the VAT threashold. If a company is dormant then it’s not trading so by definition cannot have breached the VAT threashold. So a dormant company cannot also be VAT registered.
@@annetteferguson-accountant Annette, Thank you, I really appreciate it. 👍
My uk company have vat registered
But my company never trading previous one year
So my tax ended date are comming on 8 November 2022
So can i return tax as a dorment or not ?
Hi there
I have a dormant company and I have bought equipment for a total amount of
£2488.83 net value no including VAT, I claimed VAT back already, so my question is: should I enter £2488.83 in called up share capital not paid box? And then the same amount on Total Shareholder funds box. Many thanks
No.
The equipment is an asset.
If you personally purchased on behalf of the company then that is a directors loan and is a company liability.
The share capital is per the comapny incorporation documents.
Hi how do I see my previous filling? I want to file in a dormant account
Go here find-and-update.company-information.service.gov.uk/?_ga=2.86397264.931051347.1644947203-100444551.1644947203
Search for your business by name, select your business, select the tab that says “filing history” and you’ll see everything that has been submitted to Companies House and be able to download your previous filed accounts
Thank you.
You're welcome!
Dear can I dormant company after 11 months , when I try to follow the steps it’s showing my balance sheet date is not match , actually my end of the year shows 31/07 next month, what I can do in this situation, much appreciates if you can reply,
You can only file accounts after the year end.
If you want to shorten the period then you’ll need to change the year end first and then file the accounts.
Thabkyou! Saved me ££££
I’m so pleased - you are welcome
Excellent
Thank you
You are welcome
It didn’t accept the approval of account date as today
tha todays date is never working there is always a mistake I dont understand..I am writing todays date in the date of apprıval of accounts but it will be red everytime
it says "The date the accounts were approved cannot be in the future"
Yes the date of approval must not be in the future because you cannot have approved something on a date that has not arrived
Hi madam
Hope you doing fine
I am from Dubai UAE I need company in UK can you help me or can we sharing with you,
Many thanks
Thank you for this video the rest are pants.
You're welcome!! I think!
thank you for saving me 230£ which my fkin accountant was asking me.
You are welcome
Thank you
You are welcome
Thank you. 😊