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View Full Version : How to disolve untraded limited company ?



biggie
12th July 2007, 21:17
I won't go into which accountancy for now, but basically I paid
£100 for company formation and then £70.50 as additional admin charge for setting up VAT, Bank account etc.

After about two weeks I decided to disolve the company which hasn't traded , I thought the above charges included the cost of that.

However I have just discoved the acountants want another £70.50 to disolve the company, is this quite simple to do ? Can I do this myself ?


Also I've had a letter from the IR and they want me to send them details of when I intend to trade. (I persume I just tell then I intend to disolve the company?)

Sockpuppet
12th July 2007, 21:33
Just keep it open. I am assuming you were going contract then didnt.

Just keep sending notifications on non trading each year to CH.

Diver
12th July 2007, 21:35
You say the company has not traded.
Have the costs involved (£170.50) in setting up the company been put through the companys acc.
Has the vat on these costs been entered into the co Vat ret.
If so it has traded.
Why dissolve the company at all? why not make it dormant, you may need it at some time in future.

biggie
12th July 2007, 21:39
no none of the expenses have gone through the account, i have paid personally. A business acount has been set up but it's never been used. So I don't think it's traded.

IR are asking me when it intends to trade ?

how do I make it dormant ?
and would that cost me each year ?

Also dormant sounds good as I may decide to go contracting in a couple of years ! :)

Diver
12th July 2007, 22:04
Will have to pass this one over to my company sec tomorrow and post back.
He handles this for me and is well up on it.
I/He just reactivated a company he made dormant 2 years ago so that we could take on a marine civil engineering contract. (I Have fingers in many pie's)
He also had the bank account made innactive so I will find out more about that as well.

Waldorf
12th July 2007, 22:17
You can keep it dormant if you think you'll need it but the hassle might not be worth it.

If you have not traded then when I closed an old company my accountant supplied a form from Companies House (652 I think), signed and sent to them, after a few months the company was closed.

When I last closed my company I paid £150 so sounds like a bargin at £70!!

biggie
13th July 2007, 06:32
but I have paid £170 just to set it up.

so is £240 to set it up an then disolve it reasonabile ?

Troll
13th July 2007, 06:43
Have you got a VAT registration yet?...if so there could be value in selling the company on

biggie
13th July 2007, 06:48
haven't heard anything about the VAT registration :eek:
however I have recieved a GT41G form

asking me trading details

elainec100
13th July 2007, 07:04
Check out the guidance books at companies house, here is the link:

http://www.companieshouse.gov.uk/about/guidance.shtml

There is one on dormant companies and this one on dissolving the company:

GBW2 Strike-off, Dissolution and Restoration PDF (84k) | HTML

Bigbird
13th July 2007, 09:32
To close the Co down yourself if you wanted to involves one form fron Co House (which can be downloaded from their website) and a fee of £10.00.

If you want to keep the company open but dormant it will cost you either £15 or £30 to file an annual return each year (£15 webfiling and £30 if you do a paper one) and you will also need to submit dormant accounts to Co House each year and a nil CT600 to the Inland Revenue. You can do both of these online now too.

AFAIK you will struggle to keep a VAT reg on a non-trading company, or even get one in the first place as they usually ask for proof of trade and/or contracts before they will register you.

Lockhouse
13th July 2007, 09:40
I won't go into which accountancy for now, but basically I paid
£100 for company formation and then £70.50 as additional admin charge for setting up VAT, Bank account etc.

After about two weeks I decided to disolve the company which hasn't traded , I thought the above charges included the cost of that.

However I have just discoved the acountants want another £70.50 to disolve the company, is this quite simple to do ? Can I do this myself ?


Also I've had a letter from the IR and they want me to send them details of when I intend to trade. (I persume I just tell then I intend to disolve the company?)

I'd just ignore any letters and eventually you'll get struck off.

biggie
13th July 2007, 13:57
tnks bigbird,

is that a 363s for the dormant dec.

and can I submit a Form DCA as the balance sheet ? as the company has never traded or any expenses incurred.

also are these relatively easy to fill in or is it best to get an account to do it ?

biggie
14th July 2007, 08:01
Also do I need to fill these forms in now ?, or at the end of the accounting year. i.e the date of incoperation.