Dormant company accounts are a simplified set of accounts that can be filed with Companies House when a company has had no significant accounting transactions during the financial year. A company is considered dormant if it has had no "significant accounting transactions" – essentially no entries in its accounting records other than certain permitted transactions such as fees for share capital, penalties for late filing, and similar.
Your company can file dormant accounts if it has had no significant accounting transactions during the financial year. This typically applies to companies that have been set up but have not yet started trading, or companies that have ceased trading and have no ongoing transactions. Filing dormant accounts is simpler and often more cost-effective than full annual accounts.
Dormant accounts must be filed with Companies House within 9 months of the end of your company's financial year. For a company with a standard financial year end of 31 March, the filing deadline would be 31 December. Late filing can result in penalties and may lead to your company being struck off the register.
Dormant accounts are a shortened form that can be filed when a company has had no significant accounting transactions. They do not include a profit and loss account or director's report, as there are no trading activities to report. Full accounts are required when a company has had significant accounting transactions during the period.
Failure to file accounts with Companies House by the due date can result in automatic penalties (which increase with how late the filing is), and continued failure may lead to your company being struck off the register. It is important to file on time even when your company is dormant.
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